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Paris agreement is working, Australian minister tells Cop29, but much deeper cuts needed by 2035 | Pacific islands

Australian Climate Change Minister Chris Bowen declared the landmark Paris Agreement, which saved the world from “the brink of catastrophic 4°C warming”, was “working”, but countries are still looking ahead to 2035. and the need to set the most ambitious emissions targets possible. Limit worsening global warming. Delivering Australia's National Statement on the floor of […]

How Trump and Republicans could pay for new tax cuts

President-elect Trump and Republican lawmakers will face pressure to find a way to cover the cost as they prepare to pass a massive tax cut bill through Congress next year. While Mr. Trump and many of his Republican colleagues argue that carefully crafted tax cuts will pay for themselves, a vocal group of fiscal hawks […]

Democrat Party Union Outraged over DNC Staffing Cuts After Raising $1B

The union representing Democratic National Committee (DNC) staff is extremely upset about the layoffs that typically occur after an election loss. The firing of union members is the latest example of Democrats attacking the working class while protecting the donor base. Committee leaders are trying to save face from major Democratic donors after Vice President […]

Goldman Sachs: Trump tax cuts, deregulation will boost growth; tariffs could be a drag

Consumer Technology Association CEO Gary Shapiro talks about how tariffs will affect laptop prices on The Claman Countdown. goldman sachs Last week, U.S. and global economic forecasts predicting the impact of President-elect Trump's victory on the economy in 2025 showed that tax cuts planned by the incoming administration would boost growth, but more aggressive tariffs […]

World Bank fears Donald Trump’s austerity axemen could demand spending cuts: sources

World Bank officials, who have come under fire for missing $24 billion in climate change funds, are panicking at the prospect of deep budget cuts as President-elect Donald Trump pledges to cut U.S. government spending. The Post reported that. Officials accuse the Washington-based financial institution's top brass of operating it like a slush fund for […]

GM Cuts 1K Jobs In Cost-Cutting Reorganization

(Photo by Bill Priano/Getty Images) OAN Staff James Myers8:23am – Friday, November 15, 2024 General Motors Co. on Friday laid off about 1,000 employees as it seeks to cut costs and realign its priorities amid changing market conditions. advertisement The mostly white-collar workers were informed of the decision on Friday morning. “We need to optimize […]

Jerome Powell says no need for Fed to rush rate cuts

Federal Reserve Chairman Jerome Powell said Thursday that continued economic growth, a strong job market and inflation above its 2% target mean there is no need for the central bank to rush to cut interest rates. He said this meant that the matter could be carefully considered. Powell's comments echoed growing expectations in financial markets […]

Neighborhood terror cuts down Trump, US flags as police hunt for suspect

Police in Utah are searching for a man who slashed and violently attacked President Trump's flag and American flag in the days after the former president's election victory. Security footage later distributed by local police shows five separate incidents between Nov. 7 and Nov. 11, including the removal of President Trump and American flags from […]

Will October’s inflation increase slow the pace of interest rate cuts?

Housing costs remain a major driver of inflation. (iStock) Inflation rose to 2.6% in October, up slightly from the previous month, according to the Consumer Price Index (CPI). Published by the Bureau of Labor Statistics (BLS). According to the BLS, October's inflation rate was higher than September's annual rate of 2.4%, and rose 0.2% on […]