Why Economists Continue to Misjudge Tariffs
Impact of Tariffs on American Households One reason economists are still puzzled is that American households are not behaving as models predict. In particular, they aren’t responding to uniform tariff changes in spending. When they do change their behavior, it often seems to pull in different directions, kind of offsetting each other. Recent polls from […]
Brokerages are expected to cut cash yields, but they continue to provide good rates.
Yield brokerages are likely to start offering cash payments later this year, but currently, several companies still provide appealing interest rates. The Federal Reserve hasn’t cut interest rates since last December and continues to keep its target range between 4.25% and 4.5%. Many expect the central bank to take action at the end of their […]
Did your state recently take legal action against the Trump administration to continue benefits for undocumented immigrants? Here’s the list.
Nearly 20 states in the U.S. have initiated a lawsuit against the Trump administration, opposing recent measures aimed at restricting federal benefits for undocumented immigrants. The states argue that these actions bypass necessary procedures for enacting such changes and that cutting these benefits could have serious repercussions for state welfare. The plaintiffs, including the Attorney […]
Alina Habba will not continue as the US attorney for New Jersey, according to federal judges.
A judge from a New Jersey US District Court recently denied President Trump’s attempt to keep Alina Haba in her position as the state’s leading federal prosecutor, just as her interim term was about to end. In accordance with a standing order, the court selected Desiree Leigh Grace to take over the role shortly before […]
EUR/USD stays strong close to 1.1700 as US-EU trade disputes continue
The EUR/USD has shown solid trading after Monday’s rebound, hovering around 1.1700 despite increasing trade tensions between the US and EU. President Trump has proposed raising the baseline tariff rate on EU imports from 10% to between 15% and 20%. Both the European Central Bank (ECB) and the Federal Reserve are expected to maintain their […]
Judge Appointed by Biden Directs Federal Government to Continue Covering Legal Costs for Mentally Incompetent Immigrants in Detention
Judge Orders Restoration of Immigration Program A judge appointed by Biden has ruled that the Trump administration must reinstate a program that supports taxpayer-funded legal representation for illegal immigrants who are considered mentally incompetent. U.S. District Judge Amir Ali, who took office in 2024, issued a decision on Monday that effectively blocked the Department of […]
Conflicts Continue in Syria Despite ‘Ceasefire’ as Government Troops Struggle to Keep the Peace
Escalation in Syrian Conflict Amid Ceasefire Efforts On Saturday, violence intensified in Syria as the government faced challenges in enforcing a ceasefire. Reports of machine gun and mortar fire filled the air; journalists from Reuters even observed shells landing in a nearby village. Interestingly, there were no immediate reports of casualties that could be confirmed. […]
These Medical Schools Continue to Manipulate Their Student Demographics by Race
Report Reveals Racial Disparities in Medical School Admissions A new report released on Thursday suggests that some medical schools are implementing positive action policies that result in a higher recognition of black students compared to their white and Asian counterparts. The findings indicate that these schools are more inclined to admit black students with lower […]
Zelensky’s chief advisor urges Trump to exert genuine pressure on Putin, cautions that Russia plans to continue deadly airstrikes on civilians.
Ukraine’s Call for U.S. Pressure on Russia On Tuesday, Ukrainian President Volodymyr Zelensky’s advisor, Andriy Yermak, urged that President Trump must apply “real pressure” on Russia, noting that Kremlin forces appear unyielding in their attacks on civilian areas. It seems they have no plans to stop, which is really concerning. “Russia is not indicating any […]
Nvidia CEO Jensen Huang is able to continue selling AI chips to China following a meeting with Trump.
Nvidia is set to restart sales of its H20 AI chips to China following a meeting between CEO Jensen Huang and President Trump at the White House last week. The Trump administration has assured Nvidia it will receive a license for chip exports, putting an end to a multi-month suspension that really impacted the company’s […]