Biden administration proposes to limit cutting old-growth trees
The Biden administration has proposed new protections for old-growth forests but has stopped short of imposing an outright ban on cutting down carbon-storing plants. The Forest Service on Thursday was suggested Limit cutting of these mature trees IIt has destroyed national forests, angered some in the timber industry, but been welcomed by environmental groups. Research […]
Why is this year's budget request cutting the Space Force?
The Department of Defense has released its fiscal year 2025 budget request, and some are calling for cuts. The Pentagon’s $825 billion request is a 1 percent increase over 2024, with budgets for all but one of the military branches increasing. The Air Force budget and intelligence pass-through both increased by 2 percent, while the […]
Trump floats cutting corporate tax rate in meeting with CEOs
Former President Trump proposed further cuts to corporate tax rates at a business roundtable event on Thursday with some of the country’s most influential corporate executives, according to attendees. Shortly after the former president’s presentation, White House Chief of Staff Jeff Zients also gave an interview before the CEOs. The Business Roundtable reported last week […]
US house sellers are cutting prices for the first time in over a year
Heritage Foundation economist Peter St. Onge provides analysis of the housing affordability crisis on “The Bottom Line.” A growing number of home sellers are slashing prices in an attempt to lure back buyers faced with high costs and interest rates. That’s according to a new report released by Redfin, which found that 6.4% of sellers […]
Walgreens Joins Amazon, Target, Walmart, Cutting Prices on Thousands of Items
Walgreens announced Wednesday it would slash prices on more than 1,000 national and private label products, news that comes as businesses try to combat inflation in President Joe Biden’s America. The pharmacy chain Disconnect The company also ranked highly on price, alongside Walmart, Target, Aldi and AmazonFresh, according to Fox 5. “Unfortunately, price cuts at […]
Walgreens joins competitors in cutting prices on numerous items
The story at a glance Walgreens has announced price cuts on more than 1,300 products in a “Summer Savings” promotion. This makes it the fourth major retailer to announce price cuts in recent weeks. “Walgreens understands that our customers are struggling financially and have difficulty purchasing everyday necessities,” Walgreens chief customer officer Tracy Brown said […]
Oregon Officials Accused of Cutting Funding to Christian Group over Statement of Faith
Oregon nonprofit Christian mission organization Struggling The court complaint alleges that state agencies placed conditions on funding when hiring workers who didn’t share their beliefs. The organization, known as 71Five Ministries in Medford, Said Its mission is “to share God’s story of hope with young people through trusting relationships in every appropriate way.” Taking its […]
Disney’s Pixar cutting nearly 200 jobs, will focus exclusively on feature films
Pixar Animation Studios, which produced classic films such as “Toy Story” and “Up,” began laying off about 14% of its employees starting Tuesday as it scales back development of its original streaming series, the developer said. This was revealed by a person familiar with the matter. Approximately 175 people will be affected by the layoffs […]
Under Armour cutting jobs, warns of surprise drop in sales this year
Under Armor on Thursday announced plans to overhaul its business, predicting an unexpected drop in sales this year as the sportswear maker seeks to revive demand for its brands in the United States. The company said it aims to “meaningfully reset” its operations in North America, its largest market, and reverse the effects of years […]
Fed Is Still Not Cutting in September
Interest rate cut party breaks out on Wall Street Unless the consensus is that the Fed will cut rates several times this year, one month’s worth of data won’t form a trend. US inflation eased slightly in April. Regressing for the first time in six months due to upward pressure on prices. While this was […]