17 hours ago
Uber (NYSE: UBER) founder Travis Kalanick moved to Austin by December 18, as billionaire departures removed an estimated $1.1 trillion from California's prospective tax base.
Prop. 42, leading with 54.6%, would ban new California taxes on wealth and investment accounts, shielding 401(k)s and IRAs from future wealth tax expansion.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
California voters rejected the billionaire tax on Tuesday by a wide margin. Election-night returns counted by The Center Square showed Prop. 40 losing 56.5% to 43.5%, with 68.5% of precincts partially reporting. According to The Center Square, the measure would have imposed a one-time 5% tax on residents with wealth of $1 billion or more. News outlets widely reported its defeat.
If you have a 401(k), an IRA or a brokerage account, the result that matters more to you is a different one. Prop. 42 would ban new state taxes on wealth, investment accounts and personal property. In The Center Square's count, it was leading with 54.6% of the vote.
#wealth #center #uber #billionaire
Prop. 42, leading with 54.6%, would ban new California taxes on wealth and investment accounts, shielding 401(k)s and IRAs from future wealth tax expansion.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
California voters rejected the billionaire tax on Tuesday by a wide margin. Election-night returns counted by The Center Square showed Prop. 40 losing 56.5% to 43.5%, with 68.5% of precincts partially reporting. According to The Center Square, the measure would have imposed a one-time 5% tax on residents with wealth of $1 billion or more. News outlets widely reported its defeat.
If you have a 401(k), an IRA or a brokerage account, the result that matters more to you is a different one. Prop. 42 would ban new state taxes on wealth, investment accounts and personal property. In The Center Square's count, it was leading with 54.6% of the vote.
#wealth #center #uber #billionaire
17 hours ago
California's proposed billionaire tax appeared headed for defeat on Wednesday in one of the final verdicts from voters in an election week that saw a wave of anti-billionaire sentiment elsewhere.
The latest results on Wednesday afternoon showed California's Proposition 40 down by over 11 percentage points, with 60% of votes counted but the race not yet formally called.
The referendum would amend California's constitution and impose a one-time 5% tax on California residents and trusts with ***** ets over $1 billion on Jan. 1, 2026. The revenue would primarily go toward healthcare, as well as food ***** istance and education.
Some ***** ets, such as real property and certain retirement accounts and pensions, were excluded.
The measure was estimated to impact about 200 billionaires in the state. It faced fierce opposition from many in Big Tech and lost steam with voters as Election Day neared.
#wednesday #election #voters #proposed
The latest results on Wednesday afternoon showed California's Proposition 40 down by over 11 percentage points, with 60% of votes counted but the race not yet formally called.
The referendum would amend California's constitution and impose a one-time 5% tax on California residents and trusts with ***** ets over $1 billion on Jan. 1, 2026. The revenue would primarily go toward healthcare, as well as food ***** istance and education.
Some ***** ets, such as real property and certain retirement accounts and pensions, were excluded.
The measure was estimated to impact about 200 billionaires in the state. It faced fierce opposition from many in Big Tech and lost steam with voters as Election Day neared.
#wednesday #election #voters #proposed
18 hours ago
California's proposed billionaire tax appeared headed for defeat on Wednesday in one of the final verdicts from voters in an election week that saw a wave of anti-billionaire sentiment elsewhere.
The latest results on Wednesday afternoon showed California's Proposition 40 down by over 11 percentage points, with 60% of votes counted but the race not yet formally called.
The referendum would amend California's constitution and impose a one-time 5% tax on California residents and trusts with **** ets over $1 billion on Jan. 1, 2026. The revenue would primarily go toward healthcare, as well as food **** istance and education.
Some **** ets, such as real property and certain retirement accounts and pensions, were excluded.
The measure was estimated to impact about 200 billionaires in the state. It faced fierce opposition from many in Big Tech and lost steam with voters as Election Day neared.
#wednesday #election #voters #appeared
The latest results on Wednesday afternoon showed California's Proposition 40 down by over 11 percentage points, with 60% of votes counted but the race not yet formally called.
The referendum would amend California's constitution and impose a one-time 5% tax on California residents and trusts with **** ets over $1 billion on Jan. 1, 2026. The revenue would primarily go toward healthcare, as well as food **** istance and education.
Some **** ets, such as real property and certain retirement accounts and pensions, were excluded.
The measure was estimated to impact about 200 billionaires in the state. It faced fierce opposition from many in Big Tech and lost steam with voters as Election Day neared.
#wednesday #election #voters #appeared
5 days ago
President Donald Trump has been in the White House for nearly six years, spanning two nonconsecutive terms. Over that time, the iconic Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and growth-dependent Nasdaq Composite (NASDAQINDEX:^IXIC) have delivered well-above-average annual returns, compared to most other presidents since the late 1890s.
One of the key catalysts powering Wall Street's bull market, the artificial intelligence (AI) infrastructure build-out, was well underway before Trump's second term began. But make no mistake about it: Wall Street and investors have also benefited immensely from the president's Tax Cuts and Jobs Act (signed into law in December 2017), which lowered the peak marginal corporate income tax rate to 21% (the lowest rate since 1939), fueling record S&P 500 share buybacks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
President Trump's tariff and trade policy may be doing more harm than good. Image source: Official White House Photo by Molly Riley.
President Trump has also made tariffs a huge part of his economic growth plan. Said Trump,
#Trump #NVIDIA #white #House
One of the key catalysts powering Wall Street's bull market, the artificial intelligence (AI) infrastructure build-out, was well underway before Trump's second term began. But make no mistake about it: Wall Street and investors have also benefited immensely from the president's Tax Cuts and Jobs Act (signed into law in December 2017), which lowered the peak marginal corporate income tax rate to 21% (the lowest rate since 1939), fueling record S&P 500 share buybacks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
President Trump's tariff and trade policy may be doing more harm than good. Image source: Official White House Photo by Molly Riley.
President Trump has also made tariffs a huge part of his economic growth plan. Said Trump,
#Trump #NVIDIA #white #House
5 days ago
College-town states like Ohio (93) and Tennessee (92) beat Florida's (103) cost-of-living index, cutting a retired couple's required savings by over $205,000.
Pennsylvania exempts 401(k) and IRA withdrawals from its 3.07% flat income tax for qualifying retirees, while Ohio taxes non-Social Security income above $26,050.
Ohio residents 60 and older can audit Ohio State courses tuition-free and access a major academic medical center, though game days and student rents add real trade-offs.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Most people who talk about where to retire end up on the coast. Florida ranked first in net adjusted gross income gained through state-to-state moves in IRS migration data for 2022-2023, at $20.6 billion. The less talked-about option is a town built around a university.
#college #Social #security
Pennsylvania exempts 401(k) and IRA withdrawals from its 3.07% flat income tax for qualifying retirees, while Ohio taxes non-Social Security income above $26,050.
Ohio residents 60 and older can audit Ohio State courses tuition-free and access a major academic medical center, though game days and student rents add real trade-offs.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Most people who talk about where to retire end up on the coast. Florida ranked first in net adjusted gross income gained through state-to-state moves in IRS migration data for 2022-2023, at $20.6 billion. The less talked-about option is a town built around a university.
#college #Social #security
5 days ago
The D.C. government and the commonwealth of Virginia sued Saturday to block construction of President Donald Trump’s planned triumphal arch, calling it a “flagrantly unlawful” project that will forever change the landscape of the nation’s capital.
The lawsuit is the latest attempt to stop the 250-foot-tall arch, which Trump hopes to build near Arlington National Cemetery and says will commemorate the nation’s 250th birthday. The administration would like to begin construction as soon as next week.
The two jurisdictions are asking a federal judge to halt the plan and argue that they have “indisputable standing” to bring their lawsuit because the towering arch would have tangible, negative effects on the region — an argument that distinguishes their lawsuit from others that have tried to stop Trump’s construction projects.
D.C. Attorney General Brian Schwalb (D) said the arch construction would cause “serious, immediate and irreparable harm to the District and its residents,” while Virginia Attorney General Jay Jones (D) said “Trump’s illegal vanity project” would be an affront to Arlington National Cemetery and the “extraordinary sacrifices it represents.”
“The Commonwealth has a solemn duty and a profound interest in preserving the dignity of this sacred place,” Jones said in a statement. “We will vigorously litigate to protect its sanctity and honor the legacy of those who made the ultimate sacrifice.”
#Trump #arlington #Attorney #general
The lawsuit is the latest attempt to stop the 250-foot-tall arch, which Trump hopes to build near Arlington National Cemetery and says will commemorate the nation’s 250th birthday. The administration would like to begin construction as soon as next week.
The two jurisdictions are asking a federal judge to halt the plan and argue that they have “indisputable standing” to bring their lawsuit because the towering arch would have tangible, negative effects on the region — an argument that distinguishes their lawsuit from others that have tried to stop Trump’s construction projects.
D.C. Attorney General Brian Schwalb (D) said the arch construction would cause “serious, immediate and irreparable harm to the District and its residents,” while Virginia Attorney General Jay Jones (D) said “Trump’s illegal vanity project” would be an affront to Arlington National Cemetery and the “extraordinary sacrifices it represents.”
“The Commonwealth has a solemn duty and a profound interest in preserving the dignity of this sacred place,” Jones said in a statement. “We will vigorously litigate to protect its sanctity and honor the legacy of those who made the ultimate sacrifice.”
#Trump #arlington #Attorney #general
10 days ago
AA Milne's first Pooh book was published a century ago in October 1926. Generations of children loved it, but its inspiration, the author's own son, told the BBC that he took to "running away when people bring up the subject".
"Pooh, promise you won't forget about me, ever. Not even when I'm a hundred." This is the plaintive cry made by Christopher Robin to his teddy bear, Winnie-the-Pooh, in the final chapter of The House in Pooh Corner.
British novelist and playwright AA Milne needn't have worried. The first Winnie-the-Book was published 100 years ago in October 1926, and introduced a cast of characters modelled on the author's son and the soft toys he played with: lovably dim Pooh Bear, nervy Piglet, hyperactive Tigger, pessimistic Eeyore. Far from being forgotten, in the century since then the characters have taken on a life far beyond the parameters of their idyllic home, the Hundred Acre Wood.
BBC Radio 4, Desert Island Discs: Christopher Milne, 13/11/1976
From 1966, they became the subject of animated and live-action Disney films, in what is now one of the highest-grossing media franchises of all time. Pooh Bear has even courted controversy in Poland for being "inappropriate", sparked memes mocking the Chinese president Xi Jinping, and prompted tongue-in-cheek pop-culture theories in which the residents of the Hundred Acre Wood have been "diagnosed" with different psychological conditions.
#christopher #acre #wood
"Pooh, promise you won't forget about me, ever. Not even when I'm a hundred." This is the plaintive cry made by Christopher Robin to his teddy bear, Winnie-the-Pooh, in the final chapter of The House in Pooh Corner.
British novelist and playwright AA Milne needn't have worried. The first Winnie-the-Book was published 100 years ago in October 1926, and introduced a cast of characters modelled on the author's son and the soft toys he played with: lovably dim Pooh Bear, nervy Piglet, hyperactive Tigger, pessimistic Eeyore. Far from being forgotten, in the century since then the characters have taken on a life far beyond the parameters of their idyllic home, the Hundred Acre Wood.
BBC Radio 4, Desert Island Discs: Christopher Milne, 13/11/1976
From 1966, they became the subject of animated and live-action Disney films, in what is now one of the highest-grossing media franchises of all time. Pooh Bear has even courted controversy in Poland for being "inappropriate", sparked memes mocking the Chinese president Xi Jinping, and prompted tongue-in-cheek pop-culture theories in which the residents of the Hundred Acre Wood have been "diagnosed" with different psychological conditions.
#christopher #acre #wood
17 days ago
Residents near Hull City's training ground say they are concerned about safety after two players overturned their cars on the same street within weeks of each other.
Both players escaped without injury following the crashes near the club's training ground on Mill House Woods Lane in Cottingham, East Yorkshire.
Carol White, who lives on the narrow street, said: "Maybe the Football **** ociation ought to pay to do some training with them about being considerate drivers."
Hull City has not responded to requests for a comment.
Winger Sorba Thomas was involved in the first incident on 11 September, when his Land Rover overturned and ended up on its roof.
#ground #street #mill
Both players escaped without injury following the crashes near the club's training ground on Mill House Woods Lane in Cottingham, East Yorkshire.
Carol White, who lives on the narrow street, said: "Maybe the Football **** ociation ought to pay to do some training with them about being considerate drivers."
Hull City has not responded to requests for a comment.
Winger Sorba Thomas was involved in the first incident on 11 September, when his Land Rover overturned and ended up on its roof.
#ground #street #mill
28 days ago
Taylor Swift and Travis Kelce's plans for a more private Ohio retreat have run into some very public objections. Neighbors of the $5.35 million Lake Erie estate are challenging proposed landscaping and fencing, raising concerns about a shared sewer line, wildlife, and how the changes could affect their longtime homes.
A six-foot fence has already received approval, but parts of the landscaping remain unresolved. The property's representatives, meanwhile, say they have adjusted the plans, paid for sewer repairs and added gates to accommodate residents.
ZUMAPRESS.com / MEGA
According to the Daily Mail, the dispute centers on an estate in Bratenahl, a village outside Cleveland. Property records cited by the outlet show that an LLC linked to Kelce purchased the mansion in March. The 21,000-square-foot property features eight bedrooms, 11 bathrooms, and a two-bedroom guest cottage. Built in 1895, it also has a former ballroom converted into a game room and home theater.
But proposed changes to the grounds have become a sticking point with nearby residents. Katherine Bolton, who has lived next door for 35 years, described news of the new owners as a "tremendous blow" to "the peace and quiet in Bratenahl."
#estate
A six-foot fence has already received approval, but parts of the landscaping remain unresolved. The property's representatives, meanwhile, say they have adjusted the plans, paid for sewer repairs and added gates to accommodate residents.
ZUMAPRESS.com / MEGA
According to the Daily Mail, the dispute centers on an estate in Bratenahl, a village outside Cleveland. Property records cited by the outlet show that an LLC linked to Kelce purchased the mansion in March. The 21,000-square-foot property features eight bedrooms, 11 bathrooms, and a two-bedroom guest cottage. Built in 1895, it also has a former ballroom converted into a game room and home theater.
But proposed changes to the grounds have become a sticking point with nearby residents. Katherine Bolton, who has lived next door for 35 years, described news of the new owners as a "tremendous blow" to "the peace and quiet in Bratenahl."
#estate
28 days ago
The Maricopa County Sheriff's Office said a report was filed on Aug. 31.
A Democratic congressional candidate in Arizona says she was raped over the summer while trying to repair a campaign sign.
Bernadette Greene-Placentia, who is running in the state's 8th district to try to unseat GOP Rep. Abe Hamadeh, told the Phoenix New Times, a local news outlet, that she was attacked at around 2 a.m. as she was walking toward a campaign sign in a parking lot in Sun City, north of Phoenix.
Greene-Placentia said she was attacked, subdued and then woke up to find that she was being raped by an unknown ***** ailant.
Greene-Placentia told the news outlet she reported the ***** ault to the Maricopa County Sheriff's Office, and that she chose to tell her story because she had been talking about fighting for Arizona residents while campaigning "and I didn't feel like I could keep saying that if I weren't also fighting for women that are victims of ***** ual ***** ault."
#placentia #maricopa #office #arizona
A Democratic congressional candidate in Arizona says she was raped over the summer while trying to repair a campaign sign.
Bernadette Greene-Placentia, who is running in the state's 8th district to try to unseat GOP Rep. Abe Hamadeh, told the Phoenix New Times, a local news outlet, that she was attacked at around 2 a.m. as she was walking toward a campaign sign in a parking lot in Sun City, north of Phoenix.
Greene-Placentia said she was attacked, subdued and then woke up to find that she was being raped by an unknown ***** ailant.
Greene-Placentia told the news outlet she reported the ***** ault to the Maricopa County Sheriff's Office, and that she chose to tell her story because she had been talking about fighting for Arizona residents while campaigning "and I didn't feel like I could keep saying that if I weren't also fighting for women that are victims of ***** ual ***** ault."
#placentia #maricopa #office #arizona
28 days ago
Hurricane Isaias, the first hurricane of the Atlantic season, is expected to strengthen when it approaches the northern Gulf Coast on Friday, prompting mandatory evacuations, school closures in parts of Florida and the threat of a life-threatening storm surge, according to the National Hurricane Center.
Isaias is forecast to make landfall within the warning area late Friday or early Saturday, according to the National Weather Service, which warned of damaging hurricane-force winds. The National Hurricane Center (NHC) said Isaias was expected to remain a strong hurricane throughout this period.
It is unclear exactly where Isaias might make landfall. Current models show the center of the storm coming onshore anywhere from eastern Mississippi to the western tip of the Florida Panhandle.
The NWS said residents in portions of the Florida Panhandle, southern Alabama, some parts of Mississippi, including the south, should "prepare for the possibility of long-duration power outages."
The governors of Florida and Alabama declared states of emergency for dozens of counties. Okaloosa County in Florida announced mandatory evacuations for some coastal areas. "Residents should take this storm seriously and evacuate," the county government said in a news release.
#national #center #panhandle
Isaias is forecast to make landfall within the warning area late Friday or early Saturday, according to the National Weather Service, which warned of damaging hurricane-force winds. The National Hurricane Center (NHC) said Isaias was expected to remain a strong hurricane throughout this period.
It is unclear exactly where Isaias might make landfall. Current models show the center of the storm coming onshore anywhere from eastern Mississippi to the western tip of the Florida Panhandle.
The NWS said residents in portions of the Florida Panhandle, southern Alabama, some parts of Mississippi, including the south, should "prepare for the possibility of long-duration power outages."
The governors of Florida and Alabama declared states of emergency for dozens of counties. Okaloosa County in Florida announced mandatory evacuations for some coastal areas. "Residents should take this storm seriously and evacuate," the county government said in a news release.
#national #center #panhandle
28 days ago
Rosie O'Donnell has issued a public apology to Wynonna Judd for "assuming" she was a supporter of U.S. President Donald Trump.
In an interview for The Tangle podcast in August, the comedian - a fierce critic of the American leader - stated that the country singer was one of the only fans of Trump in her life.
"Now, I am friends with Wynonna Judd, who I love very much, and I've known her for many, many years," she told host Kyle Ridley at the time. "And she is a supporter of Trump. And somehow, we never bring it up. I give her a grace in a way... And I really love her, and I care about her, and, for some reason, I'm able to put that aside when we interact."
Last week, Judd clarified that she was "an independent" and never discussed her political beliefs during an interview for People, and on Wednesday, O'Donnell apologised to her longtime pal.
"I was wrong to ***** ume Wy was a Trump supporter just because she performed at marlargo (Mar-a-Lago)," the 64-year-old wrote on Instagram, referring to the Palm Beach, Florida resort owned by Trump. "But as she told me she has sung for seven presidents on both sides of the aisle (sic). My apologies here publicly (as I first made them privately) #friendship - she's touring her new album now - go see her SING like no one else on earth."
In addition, a representative for Judd told Entertainment Weekly that the 62-year-old "did not perform for Trump" when she was at Mar-a-Lago for an unrelated event and that the Tell Me Why star has performed for seven U.S. presidents over the course of her career, both Democrats and Republicans.
#judd #love
In an interview for The Tangle podcast in August, the comedian - a fierce critic of the American leader - stated that the country singer was one of the only fans of Trump in her life.
"Now, I am friends with Wynonna Judd, who I love very much, and I've known her for many, many years," she told host Kyle Ridley at the time. "And she is a supporter of Trump. And somehow, we never bring it up. I give her a grace in a way... And I really love her, and I care about her, and, for some reason, I'm able to put that aside when we interact."
Last week, Judd clarified that she was "an independent" and never discussed her political beliefs during an interview for People, and on Wednesday, O'Donnell apologised to her longtime pal.
"I was wrong to ***** ume Wy was a Trump supporter just because she performed at marlargo (Mar-a-Lago)," the 64-year-old wrote on Instagram, referring to the Palm Beach, Florida resort owned by Trump. "But as she told me she has sung for seven presidents on both sides of the aisle (sic). My apologies here publicly (as I first made them privately) #friendship - she's touring her new album now - go see her SING like no one else on earth."
In addition, a representative for Judd told Entertainment Weekly that the 62-year-old "did not perform for Trump" when she was at Mar-a-Lago for an unrelated event and that the Tell Me Why star has performed for seven U.S. presidents over the course of her career, both Democrats and Republicans.
#judd #love
29 days ago
Much of President Donald Trump's second term has focused on changes to the nation's capital.
But his ambitions to remake the physical architecture of the presidency transcend Washington: Trump wants to transform his West Palm Beach golf club into a presidential retreat modeled after Camp David.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
The plan calls for a parcel of the private club to be designated a permanent, official sanctuary for foreign leaders and future U.S. presidents, designed to host international summits and house presidents when they take vacations in Florida, according to a proposal presented to Palm Beach County officials by Trump International Golf Club's legal counsel. Future presidents would also be offered comped memberships to the Trump club.
"Just as Camp David, Windsor Castle, or the Elysee Palace are known worldwide, so too will the Presidential Golf Course in Palm Beach County," Harvey Oyer, a lawyer representing the Trump course, wrote to the Palm Beach County Board of County Commissioners in a letter last month. Oyer asked the county, which owns the property the course is on, to provide a piece of the land to the federal government, and he promised Trump would pay for the construction of a presidential residence and facilities on that land.
#Trump #county #golf #washington
But his ambitions to remake the physical architecture of the presidency transcend Washington: Trump wants to transform his West Palm Beach golf club into a presidential retreat modeled after Camp David.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
The plan calls for a parcel of the private club to be designated a permanent, official sanctuary for foreign leaders and future U.S. presidents, designed to host international summits and house presidents when they take vacations in Florida, according to a proposal presented to Palm Beach County officials by Trump International Golf Club's legal counsel. Future presidents would also be offered comped memberships to the Trump club.
"Just as Camp David, Windsor Castle, or the Elysee Palace are known worldwide, so too will the Presidential Golf Course in Palm Beach County," Harvey Oyer, a lawyer representing the Trump course, wrote to the Palm Beach County Board of County Commissioners in a letter last month. Oyer asked the county, which owns the property the course is on, to provide a piece of the land to the federal government, and he promised Trump would pay for the construction of a presidential residence and facilities on that land.
#Trump #county #golf #washington
29 days ago
Prince Harry and Meghan Markle now live in the Cotswolds in the English countryside, and residents aren't particularly pleased, according to recent reports.
The duke and ****** ss, who returned to the UK after six years in Montecito, California, are reportedly not settling in well with their neighbors, who have already made complaints about the Sussexes.
Prince Harry and Meghan have made efforts to establish a life in the UK as they intend to stay for an extended period, but reports indicate the British public hasn't as well received them as they expected.
Mirrorpix / MEGA
The Sussexes are at the center of discontent from their neighbors who aren't happy with their presence in the British countryside.
#meghan #well
The duke and ****** ss, who returned to the UK after six years in Montecito, California, are reportedly not settling in well with their neighbors, who have already made complaints about the Sussexes.
Prince Harry and Meghan have made efforts to establish a life in the UK as they intend to stay for an extended period, but reports indicate the British public hasn't as well received them as they expected.
Mirrorpix / MEGA
The Sussexes are at the center of discontent from their neighbors who aren't happy with their presence in the British countryside.
#meghan #well
29 days ago
WASHINGTON (AP) — A day after President Donald Trump said he would start paying for controversial taxpayer-funded ads with a campaign account, there's no sign he plans to refund the millions of federal dollars already spent on them.
Nearly $12 million worth of ads have already aired, according to AdImpact, as part of the $20 million the Department of Homeland Security tapped for the contract.
But Trump's plan to pay for the ads with MAGA Inc. doesn't mean there's any reimbursement coming, said a White House official who was not authorized to talk publicly and spoke on the condition of anonymity.
Speaking to reporters Tuesday, Trump said the ads were "really good" and "promotion for the country, done by many presidents before." Asked whether he'd repay the funds already spent, he said, "We'll decide."
Senate Democratic Leader Chuck Schumer slammed Trump for not committing to reimbursement and said he believes the president's plan for covering future costs represents illegal coordination with his super PAC.
#Trump #donald
Nearly $12 million worth of ads have already aired, according to AdImpact, as part of the $20 million the Department of Homeland Security tapped for the contract.
But Trump's plan to pay for the ads with MAGA Inc. doesn't mean there's any reimbursement coming, said a White House official who was not authorized to talk publicly and spoke on the condition of anonymity.
Speaking to reporters Tuesday, Trump said the ads were "really good" and "promotion for the country, done by many presidents before." Asked whether he'd repay the funds already spent, he said, "We'll decide."
Senate Democratic Leader Chuck Schumer slammed Trump for not committing to reimbursement and said he believes the president's plan for covering future costs represents illegal coordination with his super PAC.
#Trump #donald
1 month ago
Just weeks after a former Cornell University student known anonymously as Jane Doe filed a lawsuit against the university and seven former fraternity members, the student community rallied together to call for administrative change.
On Oct. 5, Cornell University's campus appeared as it does on any other fall day — a cold wind, sunny sky, orange and yellow leaves drifting to the ground and students roaming the grounds heading to their next class. By 4:30 p.m., the energy shifted.
A group gathered — students, faculty, Ithaca residents and concerned people from across the state — and steadily grew at the heart of the Ivy League campus. They came to demand accountability, to call for the resignations of Cornell University administrators and to deliver a message that could be heard for miles.
Justice for Jane Doe.
In the fall of 2024, a 20-year-old woman arrived at the front door of Cornell fraternity Chi Phi in Ithaca, New York. Nearly two years later, the night of Oct. 19, 2024, is at the center of a controversy including a civil lawsuit, a reopened criminal investigation and calls for accountability on Cornell's campus.
#jane #former
On Oct. 5, Cornell University's campus appeared as it does on any other fall day — a cold wind, sunny sky, orange and yellow leaves drifting to the ground and students roaming the grounds heading to their next class. By 4:30 p.m., the energy shifted.
A group gathered — students, faculty, Ithaca residents and concerned people from across the state — and steadily grew at the heart of the Ivy League campus. They came to demand accountability, to call for the resignations of Cornell University administrators and to deliver a message that could be heard for miles.
Justice for Jane Doe.
In the fall of 2024, a 20-year-old woman arrived at the front door of Cornell fraternity Chi Phi in Ithaca, New York. Nearly two years later, the night of Oct. 19, 2024, is at the center of a controversy including a civil lawsuit, a reopened criminal investigation and calls for accountability on Cornell's campus.
#jane #former
1 month ago
A fresh report claims that Prince Harry and Meghan Markle's new neighbors continue to voice complaints. This news follows reports that the Sussexes' Montecito neighbors are pleased about their move to the U.K. The pair have now apparently moved to a private estate in England's Cotswolds for an extended period.
Meghan Markle is reportedly facing complaints from Cotswolds residents, with a royal commentator claiming neighbors have raised several issues about her and Prince Harry.
Daily Beast editor-at-large Tom Sykes reported that the ***** ss recently visited Soho Farmhouse for afternoon tea with a companion. For those unfamiliar, it is a private members-only retreat featuring cabins, dining options, and various activities, as well as gym and spa facilities. She also reportedly visited a farm shop with bodyguards by her side, per the Daily Express.
The matter resurfaced on Vanessa Feltz's "At Home With Vanessa" podcast. The British broadcaster told her guests that she learned there were "tempers" and requests for "certain treatment" from Markle during her visit to Soho Farmhouse.
Journalist Daisy McAndrew echoed similar reports. She said, "I happen to be in a WhatsApp group of the village that is next to Soho. So I have a house that we rent out there and I can tell you that that WhatsApp group has been absolutely alive and buzzing with complaints."
#complaints #prince #meghan #daily
Meghan Markle is reportedly facing complaints from Cotswolds residents, with a royal commentator claiming neighbors have raised several issues about her and Prince Harry.
Daily Beast editor-at-large Tom Sykes reported that the ***** ss recently visited Soho Farmhouse for afternoon tea with a companion. For those unfamiliar, it is a private members-only retreat featuring cabins, dining options, and various activities, as well as gym and spa facilities. She also reportedly visited a farm shop with bodyguards by her side, per the Daily Express.
The matter resurfaced on Vanessa Feltz's "At Home With Vanessa" podcast. The British broadcaster told her guests that she learned there were "tempers" and requests for "certain treatment" from Markle during her visit to Soho Farmhouse.
Journalist Daisy McAndrew echoed similar reports. She said, "I happen to be in a WhatsApp group of the village that is next to Soho. So I have a house that we rent out there and I can tell you that that WhatsApp group has been absolutely alive and buzzing with complaints."
#complaints #prince #meghan #daily
1 month ago
Meghan Markle's new promo photoshoot for her lifestyle brand, As Ever, is drawing unflattering comparisons to Kate Middleton. The **** ss of Sussex shared a series of photos and videos for her brand's latest, limited-edition Christmas Advent Calendar. It seemed normal on the surface. But eagle-eyed fans noticed an interesting detail that reminded them of the Princess of Wales.
Meghan Markle's new promo photoshoot for As Ever has fans wondering whether the Kate Middleton connection is deliberate or not (via The Royal Observer).
For those unversed, the Suits star launched a collection of photos and videos to promote her latest Christmas products. Notably, it is called the Christmas Advent Calendar and features wholesome, handmade goodies from Los Angeles chocolatier Compartes.
It is available exclusively to U.S. residents. The calendar features 24 handmade chocolates inspired by Markle's Montecito home and personal life. However, sharp-eyed fans noticed a subtle connection to the future queen. Upon zooming in on the promotional photo, several fans accused the former actress of using AI. They spotted what appeared to be six fingers on her hand.
User TribesBritannia commented, "Meghan Markle using AI for **** Never. Six fingers is a classic example of AI. She can't even be bothered to take a simple photo, are the media and GettyImages going to go mad about this, like they did about a simple Mother's Day photo?"
#meghan
Meghan Markle's new promo photoshoot for As Ever has fans wondering whether the Kate Middleton connection is deliberate or not (via The Royal Observer).
For those unversed, the Suits star launched a collection of photos and videos to promote her latest Christmas products. Notably, it is called the Christmas Advent Calendar and features wholesome, handmade goodies from Los Angeles chocolatier Compartes.
It is available exclusively to U.S. residents. The calendar features 24 handmade chocolates inspired by Markle's Montecito home and personal life. However, sharp-eyed fans noticed a subtle connection to the future queen. Upon zooming in on the promotional photo, several fans accused the former actress of using AI. They spotted what appeared to be six fingers on her hand.
User TribesBritannia commented, "Meghan Markle using AI for **** Never. Six fingers is a classic example of AI. She can't even be bothered to take a simple photo, are the media and GettyImages going to go mad about this, like they did about a simple Mother's Day photo?"
#meghan
1 month ago
WASHINGTON (AP) — Republican Sen. Thom Tillis says in a new book that his deciding vote to confirm Defense Secretary Pete Hegseth in January 2025 is the "biggest regret of my career" and that he also "should've stopped" Robert F. Kennedy Jr. from becoming Health and Human Services secretary in the early days of President Donald Trump's second term.
In "How to Lose Friends and Antagonize Presidents," to be published Tuesday, the North Carolina senator defends his decision at the time to not be "the lone voice in the wilderness" preventing Trump's nominees from confirmation. But Tillis makes clear he was always skeptical of allegations about Hegseth's turbulent management style, treatment of women and excessive drinking. Hegseth denied all the allegations.
"I know for a fact that there are others like me," Tillis writes, "Republicans who agreed to go along with the early demands of the Trump team no matter how ridiculous they were, believing that failing to do so would mean the end of their political career, and who now see that things have gone way too far."
He writes that he can count at least 30 of his GOP colleagues who have "expressed reservations (to put it mildly) about many of the president's actions in private. Then, when the reporters showed up with their cameras and microphones, they'd have nothing but nice things to say."
Tillis, who announced last year that he would not run for reelection in a "breaking point" with the president on his sweeping tax and spending cuts package, is publishing the book in his final months in office. He joins a long list of Republicans who have ratcheted up their public denunciations of Trump once they had less to lose politically.
#hegseth
In "How to Lose Friends and Antagonize Presidents," to be published Tuesday, the North Carolina senator defends his decision at the time to not be "the lone voice in the wilderness" preventing Trump's nominees from confirmation. But Tillis makes clear he was always skeptical of allegations about Hegseth's turbulent management style, treatment of women and excessive drinking. Hegseth denied all the allegations.
"I know for a fact that there are others like me," Tillis writes, "Republicans who agreed to go along with the early demands of the Trump team no matter how ridiculous they were, believing that failing to do so would mean the end of their political career, and who now see that things have gone way too far."
He writes that he can count at least 30 of his GOP colleagues who have "expressed reservations (to put it mildly) about many of the president's actions in private. Then, when the reporters showed up with their cameras and microphones, they'd have nothing but nice things to say."
Tillis, who announced last year that he would not run for reelection in a "breaking point" with the president on his sweeping tax and spending cuts package, is publishing the book in his final months in office. He joins a long list of Republicans who have ratcheted up their public denunciations of Trump once they had less to lose politically.
#hegseth
1 month ago
Brian May is best known as Queen's legendary guitarist, but nature conservation is another important part of his life. May, who also earned his PhD in astrophysics and has helped NASA, loves this planet and all its wildlife.
In 2013, May announced that he had purchased 157 acres of land that was due to be developed into housing in Bere Regis, Dorset, England. He intended to transform it into a nature reserve where native British trees and wildlife could thrive.
During a July 2012 interview, May told The Sunday Times, "Queen is a huge part of my life, but I do have other interests. People know about the astrophysics, but I love gardening, too, and I've always been passionate about the welfare of our wonderful British wildlife."
Since then, the former farmland has been cultivated into a woodland wildlife sanctuary and animal rescue.
May worked with local residents and wildlife officials to make the plans for the nature reserve. In a February 2013 BBC interview, May shared his plans for the freshly purchased former farmland.
#wildlife #nature #part #astrophysics
In 2013, May announced that he had purchased 157 acres of land that was due to be developed into housing in Bere Regis, Dorset, England. He intended to transform it into a nature reserve where native British trees and wildlife could thrive.
During a July 2012 interview, May told The Sunday Times, "Queen is a huge part of my life, but I do have other interests. People know about the astrophysics, but I love gardening, too, and I've always been passionate about the welfare of our wonderful British wildlife."
Since then, the former farmland has been cultivated into a woodland wildlife sanctuary and animal rescue.
May worked with local residents and wildlife officials to make the plans for the nature reserve. In a February 2013 BBC interview, May shared his plans for the freshly purchased former farmland.
#wildlife #nature #part #astrophysics
1 month ago
Updated on: October 4, 2026 / 8:06 PM EDT / CBS News
As Sen. Thom Tillis exits the Senate, he's blasting many of the advisers President Trump has surrounded himself with as "sycophants, and calling on his colleagues to stand up to executive power like the co-equal branch of government they are."
The 66-year-old senior senator from North Carolina unloads on what he calls the "WTF moments" of the second Trump Administration in a new book, "How to Lose Friends and Antagonize Presidents." Having served in the Senate during the Barack Obama, Joe Biden and both Trump presidencies, Tillis said he's increasingly worried about how the nation's system of checks and balances is being tested by the outsized influence of the executive branch.
"We will have a sort of dictator king if we're not careful," he said.
Every recent White House has been eager to govern by executive order, something that's been especially true during the current Trump administration, Tillis said. Presidents, he said, fail to understand that Congress is a coequal branch that should be treated as a peer, and that Congress needs to act as such.
#tillis #congress #updated #october
As Sen. Thom Tillis exits the Senate, he's blasting many of the advisers President Trump has surrounded himself with as "sycophants, and calling on his colleagues to stand up to executive power like the co-equal branch of government they are."
The 66-year-old senior senator from North Carolina unloads on what he calls the "WTF moments" of the second Trump Administration in a new book, "How to Lose Friends and Antagonize Presidents." Having served in the Senate during the Barack Obama, Joe Biden and both Trump presidencies, Tillis said he's increasingly worried about how the nation's system of checks and balances is being tested by the outsized influence of the executive branch.
"We will have a sort of dictator king if we're not careful," he said.
Every recent White House has been eager to govern by executive order, something that's been especially true during the current Trump administration, Tillis said. Presidents, he said, fail to understand that Congress is a coequal branch that should be treated as a peer, and that Congress needs to act as such.
#tillis #congress #updated #october
1 month ago
Nashville has long been home to some of the most recognizable names in R&B and country music, but over the last few years, celebrities from a variety of industries have flocked to the Music City.
As the city has continued to grow, it has earned a reputation for its distinct brand of laid-back luxury, offering residents a bustling culture, mild weather, and a reasonably-priced cost of living.
It's no surprise that more than a few famous transplants have decided to relocate to this hospitable location.
From podcasters who can record from a home studio to stars of the silver screen who seek a quieter pace of life for their families, there are plenty of valid reasons why celebrities are ditching the more popular choices of Los Angeles and New York City to start fresh in Tennessee.
See which notable people have recently traded in their former residences for Nashvilian status.
#music #celebrities
As the city has continued to grow, it has earned a reputation for its distinct brand of laid-back luxury, offering residents a bustling culture, mild weather, and a reasonably-priced cost of living.
It's no surprise that more than a few famous transplants have decided to relocate to this hospitable location.
From podcasters who can record from a home studio to stars of the silver screen who seek a quieter pace of life for their families, there are plenty of valid reasons why celebrities are ditching the more popular choices of Los Angeles and New York City to start fresh in Tennessee.
See which notable people have recently traded in their former residences for Nashvilian status.
#music #celebrities
2 months ago
As a Californian, I can say this: If there are two industries that residents of the Golden State really don't like, it's insurance providers and utilities.
Interestingly, with the state considering wildfire reform legislation, those industries are at odds with one another. That's material for investors considering stocks such as PG&E (NYSE: PCG). The company known to California customers as Pacific Gas & Electric is one of the four major investor-owned utilities in the state, and due to the state having some of the highest utility rates in the U.S., PG&E and friends don't have a lot of fans in the state.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Of course, investing isn't a popularity contest. There are plenty of stocks that are often vilified in the court of public opinion that also deliver compelling returns. This year, oil equities certainly check that box. But the biggest risk to prospective PG&E investors isn't how Californians feel about the utility. It's the goings-on in Sacramento.
For those who are new to utility stocks, the primary reasons investors have embraced this sector over the years are above-average dividend yields, below-average risk profiles, and, more recently, inroads to the artificial intelligence (AI) trade.
#state #signal
Interestingly, with the state considering wildfire reform legislation, those industries are at odds with one another. That's material for investors considering stocks such as PG&E (NYSE: PCG). The company known to California customers as Pacific Gas & Electric is one of the four major investor-owned utilities in the state, and due to the state having some of the highest utility rates in the U.S., PG&E and friends don't have a lot of fans in the state.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Of course, investing isn't a popularity contest. There are plenty of stocks that are often vilified in the court of public opinion that also deliver compelling returns. This year, oil equities certainly check that box. But the biggest risk to prospective PG&E investors isn't how Californians feel about the utility. It's the goings-on in Sacramento.
For those who are new to utility stocks, the primary reasons investors have embraced this sector over the years are above-average dividend yields, below-average risk profiles, and, more recently, inroads to the artificial intelligence (AI) trade.
#state #signal
2 months ago
By Exec-Edge Editorial Staff
Sir Lynton Crosby has spent four decades reading public opinion for people who couldn't afford to get it wrong — prime ministers, presidents, and the boards of some of the world's largest companies. As Executive Chairman of CT Group, the research and strategy firm he co-founded, Crosby has built one of the most quietly influential shops in political and corporate consulting, with offices across eight countries and a client roster that spans government, industry, and advocacy. In recent years, CT Group has turned its research apparatus toward a subject closer to home for the business community it serves: capitalism itself, and why the system's public standing hasn't kept pace with its performance. We spoke with Crosby about what the firm's research found, and what it means for how business leaders talk about the system they operate in.
Exec Edge: CT Group ran a large-scale study on public attitudes toward capitalism. What prompted that?
We had seen a number of signals that some of the trending narratives on how the public felt about the predominant economic system were misleading. But we don't operate on feelings, but instead we respond to data, so we tested it. There's a narrative that's taken hold since the financial crisis — that the public has simply given up on capitalism, that a decade of scandals and populist politics has turned the average voter against the system outright. We fielded a nationally representative survey of 3,000 people, backed by focus groups, to find out if that was actually true or if something more specific was going on. It turned out to be the latter.
Exec Edge: What did the research actually find?
#edge #Research #turned
Sir Lynton Crosby has spent four decades reading public opinion for people who couldn't afford to get it wrong — prime ministers, presidents, and the boards of some of the world's largest companies. As Executive Chairman of CT Group, the research and strategy firm he co-founded, Crosby has built one of the most quietly influential shops in political and corporate consulting, with offices across eight countries and a client roster that spans government, industry, and advocacy. In recent years, CT Group has turned its research apparatus toward a subject closer to home for the business community it serves: capitalism itself, and why the system's public standing hasn't kept pace with its performance. We spoke with Crosby about what the firm's research found, and what it means for how business leaders talk about the system they operate in.
Exec Edge: CT Group ran a large-scale study on public attitudes toward capitalism. What prompted that?
We had seen a number of signals that some of the trending narratives on how the public felt about the predominant economic system were misleading. But we don't operate on feelings, but instead we respond to data, so we tested it. There's a narrative that's taken hold since the financial crisis — that the public has simply given up on capitalism, that a decade of scandals and populist politics has turned the average voter against the system outright. We fielded a nationally representative survey of 3,000 people, backed by focus groups, to find out if that was actually true or if something more specific was going on. It turned out to be the latter.
Exec Edge: What did the research actually find?
#edge #Research #turned
2 months ago
A column of black smoke has been seen near Riyadh's international airport hours after air raid alerts were issued in the Saudi capital.
It was the first time residents had been given an alert and urged to stay indoors since a recent escalation in the conflict with Iran-backed Houthi militants in neighbouring Yemen.
A number of apparent explosions have since been heard in the capital and major problems reported at King Khalid International Airport, with the tracking website FlightRadar24 reporting long delays and cancellations.
One report suggested a fuel tank had been set on fire near the airport. There has been no official comment from Saudi authorities.
An AFP journalist reported that firefighters could be seen trying to extinguish the flames of a burnt-out fuel tank belonging to state oil and gas company Aramco.
#since
It was the first time residents had been given an alert and urged to stay indoors since a recent escalation in the conflict with Iran-backed Houthi militants in neighbouring Yemen.
A number of apparent explosions have since been heard in the capital and major problems reported at King Khalid International Airport, with the tracking website FlightRadar24 reporting long delays and cancellations.
One report suggested a fuel tank had been set on fire near the airport. There has been no official comment from Saudi authorities.
An AFP journalist reported that firefighters could be seen trying to extinguish the flames of a burnt-out fuel tank belonging to state oil and gas company Aramco.
#since
2 months ago
When developers hand governance to residents at build-out, HOA fees spike as homeowners absorb true amenity costs and cover reserve underfunding through special ****** sments.
HOA fee increases in post-transition communities routinely outpace the 2027 Social Security COLA of roughly 3%, squeezing retirees on fixed incomes.
Demand the reserve study, CC&Rs, and community development district bond balance before signing. If the sales office stalls, the pitch was rehearsed, not substantiated.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Readers in their late fifties and early sixties ask weekly: Can I retire to a Margaritaville community, and what will it cost over twenty or thirty years? The brochure sells one version, while the sales center sells another. The real question a retiree should ask is what happens once marketing wears off and the structural issue the sales presentation almost never covers emerges.
#retirees #community #years #sells
HOA fee increases in post-transition communities routinely outpace the 2027 Social Security COLA of roughly 3%, squeezing retirees on fixed incomes.
Demand the reserve study, CC&Rs, and community development district bond balance before signing. If the sales office stalls, the pitch was rehearsed, not substantiated.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Readers in their late fifties and early sixties ask weekly: Can I retire to a Margaritaville community, and what will it cost over twenty or thirty years? The brochure sells one version, while the sales center sells another. The real question a retiree should ask is what happens once marketing wears off and the structural issue the sales presentation almost never covers emerges.
#retirees #community #years #sells
2 months ago
A question has bedeviled a wealthy Lake Tahoe enclave for years: Who is poisoning the towering trees that stand sentry on the North Shore?
Residents of Incline Village, Nev., hope a $147,000 reward will generate some answers.
"It's the most appalling, selfish thing that anyone could do, especially for trees that are irreplaceable," said Chris Nolet, a retired certified public accountant and consultant to the biotechnology industry who ***** embled a small group of private donors known as Friends of Burnt Cedar Beach to put up the bulk of the reward. "These trees are 100 years old."
The donors are offering $122,000 for information leading to the successful prosecution of anyone responsible. The Incline Village General Improvement District, which owns and manages the residents-only beach where the poisonings took place, has put up another $25,000 and installed additional cameras around the trees.
The move came after an investigation failed to generate actionable leads, Nolet said.
#incline #nolet #beach #anyone
Residents of Incline Village, Nev., hope a $147,000 reward will generate some answers.
"It's the most appalling, selfish thing that anyone could do, especially for trees that are irreplaceable," said Chris Nolet, a retired certified public accountant and consultant to the biotechnology industry who ***** embled a small group of private donors known as Friends of Burnt Cedar Beach to put up the bulk of the reward. "These trees are 100 years old."
The donors are offering $122,000 for information leading to the successful prosecution of anyone responsible. The Incline Village General Improvement District, which owns and manages the residents-only beach where the poisonings took place, has put up another $25,000 and installed additional cameras around the trees.
The move came after an investigation failed to generate actionable leads, Nolet said.
#incline #nolet #beach #anyone
2 months ago
The Federal Reserve is expected to raise its benchmark interest rate by a quarter percentage point at its meeting Wednesday, which would mark the first increase since July 2023, according to CNBC. CME Group's FedWatch tool showed traders placing odds above 90% on a hike, an outcome that would set the federal funds rate target range at 3.75%–4%.
That would follow a period in which the FOMC reduced rates on six separate occasions totaling 175 basis points from July 2023 through early 2026, according to CNBC. Since then, a string of discouraging inflation readings, a firm labor market, and crude oil prices rising back above $100 a barrel — driven by the conflict involving Iran — have shifted the calculus toward tightening.
Fed Chair Kevin Warsh's remarks at the Fed's annual Jackson Hole symposium helped accelerate that shift, according to CNBC. As recently as a month ago, futures markets put the probability of a hike at only 36%.
The path to Wednesday's expected decision reflects a committee that had been moving in a hawkish direction for months. At the June meeting — Fed Chair Kevin Warsh's first — the committee voted 12–0 to hold rates steady, but the Fed released projections showing nine of 18 officials favored at least one rate hike before year-end. Consumer prices had risen 4.2% year-over-year in May, a three-year high. Warsh said at the time that the Fed's commitment to bringing down inflation was "strong, unanimous, and unambiguous."
Minutes from the July meeting, when the committee held rates steady on a fractured 9–3 vote, showed hawkish sentiment extended beyond the three dissenting regional bank presidents who had pushed for an immediate increase. The minutes indicated that "some policy firming would likely be warranted" if inflation remained persistent, driven by factors including AI-fueled demand, Middle East energy disruptions, or tariff pass-through.
#cnbc #hike #rates #inflation
That would follow a period in which the FOMC reduced rates on six separate occasions totaling 175 basis points from July 2023 through early 2026, according to CNBC. Since then, a string of discouraging inflation readings, a firm labor market, and crude oil prices rising back above $100 a barrel — driven by the conflict involving Iran — have shifted the calculus toward tightening.
Fed Chair Kevin Warsh's remarks at the Fed's annual Jackson Hole symposium helped accelerate that shift, according to CNBC. As recently as a month ago, futures markets put the probability of a hike at only 36%.
The path to Wednesday's expected decision reflects a committee that had been moving in a hawkish direction for months. At the June meeting — Fed Chair Kevin Warsh's first — the committee voted 12–0 to hold rates steady, but the Fed released projections showing nine of 18 officials favored at least one rate hike before year-end. Consumer prices had risen 4.2% year-over-year in May, a three-year high. Warsh said at the time that the Fed's commitment to bringing down inflation was "strong, unanimous, and unambiguous."
Minutes from the July meeting, when the committee held rates steady on a fractured 9–3 vote, showed hawkish sentiment extended beyond the three dissenting regional bank presidents who had pushed for an immediate increase. The minutes indicated that "some policy firming would likely be warranted" if inflation remained persistent, driven by factors including AI-fueled demand, Middle East energy disruptions, or tariff pass-through.
#cnbc #hike #rates #inflation
2 months ago
Adam Carolla cut right to the chase when he offered his take on President Donald Trump's plan to give out $5,000 to every American adult, as long as Republicans win the 2026 midterms.
"So now we're just bribing people," Carolla said on the Sunday episode of his podcast.
He said again it sounded like Trump was "bribin' 'em" to get votes — but Carolla didn't seem too upset about it.
The veteran comic and podcaster argued the Democratic Party has been doing its own version of freebie payments for decades, thanks to government programs like food stamps and states paying for the healthcare of low-income residents. Carolla said it "evidently works" when it comes to winning over voters, so Republicans should give it a shot.
"It definitely works on all the poor people," Carolla continued. "We'll just get you free cheese, and free school, and free Medicare, and we'll get you free sh*t. Why don't rich people start bribing people? Why not?"
#we 'll #like #adam
"So now we're just bribing people," Carolla said on the Sunday episode of his podcast.
He said again it sounded like Trump was "bribin' 'em" to get votes — but Carolla didn't seem too upset about it.
The veteran comic and podcaster argued the Democratic Party has been doing its own version of freebie payments for decades, thanks to government programs like food stamps and states paying for the healthcare of low-income residents. Carolla said it "evidently works" when it comes to winning over voters, so Republicans should give it a shot.
"It definitely works on all the poor people," Carolla continued. "We'll just get you free cheese, and free school, and free Medicare, and we'll get you free sh*t. Why don't rich people start bribing people? Why not?"
#we 'll #like #adam
2 months ago
Ivanka Trump and her daughter Arabella have similar tastes. The Miami-based residents were photographed over the weekend, wearing complementary midi dresses while on their way to their synagogue in Indian Creek, the affluent neighborhood where they've lived for the past couple of years.
Ivanka and her eldest daughter Arabella were photographed on their way to synagogue (@ Backgrid/The Grosby Group)
Photos showed Ivanka and Arabella walking next to each other, trailed by their Secret Service detail. Ivanka wore a white dress with green leaves and flower prints on it, which she paired with ballet flats, sunglasses, and a wide-brimmed straw hat.
Arabella wore a light blue dress that she also paired with flats, completing the look with her hair held up in a bun. She was holding on to a pink drink as she chatted with her mother.
The pair live in Indian Creek, one of the most exclusive communities in Miami (@ Backgrid/The Grosby Group)
#arabella #backgrid #grosby #group
Ivanka and her eldest daughter Arabella were photographed on their way to synagogue (@ Backgrid/The Grosby Group)
Photos showed Ivanka and Arabella walking next to each other, trailed by their Secret Service detail. Ivanka wore a white dress with green leaves and flower prints on it, which she paired with ballet flats, sunglasses, and a wide-brimmed straw hat.
Arabella wore a light blue dress that she also paired with flats, completing the look with her hair held up in a bun. She was holding on to a pink drink as she chatted with her mother.
The pair live in Indian Creek, one of the most exclusive communities in Miami (@ Backgrid/The Grosby Group)
#arabella #backgrid #grosby #group
