In northeast Washington state, a remote region nestled against the Canadian border, the politics lean conservative and wariness of government runs high. Earlier this year, a Republican-led county commission there made a decision that rippled across Washington — triggering alarm at the secretary of state’s office, and now among cybersecurity experts who have worked for […]
Category: Business
Another State bans gas powered vehicles
California announced earlier this week it plans to ban the sale of new gas-powered cars starting in 2035. Gov. Jay Inslee tweeted Washington will follow suit, with a goal for all new car sales to be zero emissions by 2030. California’s plans would require all new cars, trucks and SUVs to run on electricity or […]
Economic pain ahead warns Fed’s Powell
Federal Reserve Chairman Jerome Powell on Friday delivered a stark message on the state of the U.S. economy at the annual central bank gathering in Wyoming: Inflation remains painfully high, and cooling it will require forceful action that could soon bring “pain” to households and businesses nationwide. In his hotly anticipated speech at the Kansas […]
California Edict: no gas-powered cars after 2035
California is poised to set a 2035 deadline for all new cars, trucks and SUVs sold in the state to be powered by electricity or hydrogen, an ambitious step that will reshape the U.S. car market by speeding the transition to more climate-friendly vehicles. The California Air Resources Board will vote Thursday on the policy, […]
GDP shrank in second quarter, signaling US recession
The U.S. economy shrank at slightly slower pace in the second quarter than previously reported, but continued to meet the criteria for a so-called technical recession as raging inflation and higher interest rates weighed on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.6% on an […]
New home sales tumbled 12.6% in July
New home sales tumbled 12.6 percent in July, reporting a new record low after reaching their lowest level since April 2020 last month, according to data released on Tuesday by the Census Bureau. The numbers reveal that the housing market is “in a sorry state,” a Pantheon Macroeconomics expert told Newsweek. The economic research consultancy […]
New apartment builds ease pressure on rents
A jump in apartment construction in the U.S. may help provide some relief to renters who’ve faced soaring prices — eventually. This year, 420,000 apartments are expected to be delivered nationwide, according to a study by listing service RentCafe. It would be the second year in a row that the industry tops 400,000 units, a […]
McDonald’s is bringing a UK sensation to the US
McDonald’s Chicken Big Mac was a huge hit in the United Kingdom. Now it’s crossing the pond. Beginning later this month, the burger chain is testing the fan favorite at select restaurants in Miami for a limited time. The Chicken Big Mac is similar to its meaty sibling, however it replaces the two burgers with […]
Gas powered Ford Mustang meets it’s demise
Electric vehicles and the possibilities that advances in computing afford was on the tips of the tongues of revelers last night as they gathered around the Lincoln L100 Concept at the Pebble Beach Concours d’Elegance. Ford Chairman Bill Ford and Edsel Ford II, both great-grandsons of Ford Motor Company founder Henry Ford, were in attendance […]
Will the Inflation reduction act have any impact on Inflation?
With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden’s landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American households? Economic analyses of the proposal suggest that the answer […]
Facebook’s own chatbot says Zuckerberg ‘exploits people’
Meta’s new prototype chatbot says that Mark Zuckerberg exploits its users for money. Meta says the chatbot uses artificial intelligence and can chat on “nearly any topic”. Asked what the chatbot thought of the company’s CEO and founder, it replied “our country is divided and he didn’t help that at all”. Meta said the chatbot […]
Food Prices Are Skyrocketing
Inflation may be slowing overall, but food prices are still sky-high. .Over the last 12 months, grocery prices soared 13.1% — the largest annual increase since the year ending in March 1979, the Bureau of Labor Statistics said Wednesday. The prices of nearly every grocery item have ballooned over the past year. The cost of […]