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The US has ‘fiscal cancer.’ The 2024 election could put off treatment.
The U.S. national debt is creeping toward $35 trillion after decades of running deficits. According to a former comptroller general who served under two U.S. presidents, the country’s biggest deficit is in leadership. “The truth is, the U.S. has fiscal cancer,” David M. Walker said. “You can beat cancer. My wife beat cancer. But first…
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Black Chicagoans feel neglected as millions funneled to migrant crisis
In Chicago, a $70 million proposal to address the migrant crisis has sparked a debate, with some residents expressing frustration over what they see as misplaced priorities. In response to backlash, the city has now begun to limit some accommodations for migrants. “$70 million, y’all won’t even put a million dollars in one neighborhood,” Michael…
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NASA worm returns as interest in space grows around the world
NASA’s logo from the ’50s to today have switched multiple times. First it was the meatball, then the worm, then back to the meatball, and now it’s both the meatball and the worm. The return of the worm comes as more countries and companies revive a space craze. “It’s become a cult thing with a…
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‘They’re cheating’: Biden wants to triple tariffs on Chinese steel and aluminum
President Joe Biden wants to triple tariffs on Chinese steel and aluminum. He claims cheap Chinese exports are undermining American products. China is the No. 1 producer of the two metals worldwide. The White House said the nation is not only “dumping” products on the market that are “among the world’s most emissions-intensive,” but subsidizing…
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Smartmatic settles defamation suit against OAN over 2020 election claims
Smartmatic settled its defamation lawsuit against One America News Network (OAN) on Tuesday, April 16, over the outlet’s coverage of the 2020 election, which included claims of election theft and interference. In 2021, Smartmatic accused the broadcaster of falsely reporting its voting machines had manipulated election outcomes in favor of President Joe Biden. The details…
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Japan gifts 250 cherry trees to US ahead of its 250th anniversary
Hundreds of cherry trees will be ripped out of the Tidal Basin in Washington, D.C., this summer as construction begins on a crumbling seawall. However, Japan is stepping up to the plate to replace some of the trees lost in the removal process. During a visit to the White House on Wednesday, April 10, Japanese…
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Gold isn’t the only commodity surging. It could bring bad news for inflation.
Analysts are scratching their heads trying to figure out why gold is on a tear right now. The commodity hit another record high Tuesday, April 9, ahead of Wednesday’s inflation report and the release of the Federal Reserve meeting minutes, where investors get a behind-the-scenes look at what the Fed is thinking in terms of cutting…
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Jamie Dimon warns of higher interest rates, recession and AI taking jobs
In a year where Americans are anxiously waiting for interest rates to drop, the CEO of the world’s largest bank warns rates may go even higher than they are today and don’t count out a recession. There are two CEOs in this country whose annual letters to shareholders are more widely anticipated than the rest:…
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Money Madness: 5 ways Caitlin Clark fever is paying off
Women’s March Madness is full of stars this year but one stands out above the rest. Iowa standout Caitlin Clark is the must-see attraction, pulling more eyeballs than last year’s NBA Finals average viewership, the World Series, and nearly every college football game. The sports world is in the Caitlin Clark business and it’s paying…
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‘The reason is Elon’: Tesla investor blames poor sales on Musk’s X posts
Elon Musk has been described as ingenious, unorthodox and eccentric. The bold things he has done in life have propelled him and his companies to where they are today. But are his antics now hurting his most prized accomplishment, Tesla? Tesla shares are down more than 30% this year and the company just had a very disappointing…
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Make energy policy boring again: Fmr. Trump official’s case for energy security
How Americans will power their lives for years to come is an issue that divides them. From fossil fuels to wind and solar, liquefied natural gas to nuclear power, debates over energy sources dominate politics. “I don’t say this to be funny,” said Neil Chatterjee, who served as chairman of the Federal Energy Regulatory Commission…
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Dread filing taxes? Here’s why it’s so complicated and expensive.
Every year, Americans dread the first 3.5 months of the year as they navigate the complexities of filing a tax return or opt to pay a professional to do it for them. The Internal Revenue Service expects 146 million tax filings for the 2023 earning year. With so many people affected, one would think there…
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Instagram limits political content as US presidential election nears
Instagram has changed its rules regarding the presence of political content. The default setting is now limiting posts, reels and accounts that are deemed to be political in nature for users, according to the company. The new limits on political content come just months before the 2024 presidential election, and some users are criticizing Instagram…
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