Economy
Congress has been dodging responsibility for tariffs for decades – now the Supreme Court will decide how far presidents can go alone
Congress has been dodging responsibility for tariffs for decades – now the Supreme Court will decide how far presidents can go alone The US Supreme Court will hear a case on whether presidents can impose sweeping import duties using a Cold War-era emergency law, raising questions about accountability and democratic ownership. The shift in power […]
🏛️ Politics
China’s new 5-year plan: A high-stakes bet on self-reliance that won’t fix an unbalanced economy
China’s new 5-year plan: A high-stakes bet on self-reliance that won’t fix an unbalanced economy China’s new 15th five-year plan aims to deliver “high-quality development” through technological self-reliance, industrial modernization, and expanded domestic demand, but critics argue it won’t fix an unbalanced economy. The plan prioritizes advanced manufacturing and tech innovation, with a focus on […]
📰 News
Widespread layoffs highlight impact of artificial intelligence
Widespread layoffs highlight impact of artificial intelligence Major companies like Amazon, UPS, and Salesforce are laying off thousands of employees. The layoffs are partly attributed to the increasing use of artificial intelligence (AI) in these industries. As AI becomes more prevalent, it’s transforming the American workforce, leading to job losses in various sectors. The impact […]
💻 Technology
Why are 4.7 million Floridians insured through ACA marketplace plans, and what happens if they lose their subsidies?
Why are 4.7 million Floridians insured through ACA marketplace plans, and what happens if they lose their subsidies? 4.7 million Floridians rely on Affordable Care Act (ACA) marketplace plans for health insurance, representing 27% of the state’s under-65 population. The ACA expanded access to affordable health insurance through three strategies: fines, Medicaid expansion, and subsidies […]
🏛️ Politics
Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market
Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market President Donald Trump claims the US economy has entered a “golden age,” but his desire for lower interest rates contradicts this message, as lower rates typically signal a weak jobs market. Trump’s nominee […]
🏛️ Politics
Fed lowers interest rates as it struggles to assess state of US economy without key government data
Fed lowers interest rates as it struggles to assess state of US economy without key government data The Federal Reserve (Fed) lowered interest rates by a quarter point at its latest monetary policy meeting due to the ongoing federal shutdown, which has limited access to key economic data. The Fed is struggling to assess the […]
📰 News
Despite naysayers and rising costs, data shows that college still pays off for students – and society overall
Despite naysayers and rising costs, data shows that college still pays off for students – and society overall Despite rising costs and negative perceptions, data shows that college still pays off for students and society overall. College graduates earn more immediately after graduation and later on in their careers than high school graduates. The shift […]
📰 News
AI is sucking the oxygen out of other areas
AI is sucking the oxygen out of other areas Investments in AI are diverting funds away from other areas, such as traditional industries. The impact of this shift on valuations is still unclear and requires further analysis. Margie Patel, senior portfolio manager at Allspring, notes that it’s too early to determine if valuations are unsustainable. […]
💻 Technology
Is it wrong to have too much money? Your answer may depend on deep-seated values – and your country’s economy
Is it wrong to have too much money? Your answer may depend on deep-seated values – and your country’s economy A new study published in PNAS Nexus found that people’s views on having too much money are shaped by cultural and moral instincts, rather than just economic factors. The study surveyed over 4,300 people across […]
📰 News
The Erie Canal: How a ‘big ditch’ transformed America’s economy, culture and even religion
The Erie Canal: How a ‘big ditch’ transformed America’s economy, culture and even religion The Erie Canal, completed on October 26, 1825, was a groundbreaking engineering marvel that transformed America’s economy, culture, and even religion. The canal, which stretched 363 miles from Lake Erie to New York City, revolutionized trade, immigration, and commerce, with shipping […]
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