An interviewer standing outside a grocery store has revealed that he and his team struggled to find anyone with any optimism about the economy as food prices sore, stressing people are “really bummed out.” CBS Anchor Acknowledges Economic Concerns CBS anchor Tony Dokoupil revealed his team’s struggle to find anyone outside a New Hampshire grocery […]
Author: Oscar Davies
Detroit’s Small Businesses Benefit From the ‘Swift Effect’
The combination of the Lions’ playoff success, the hard work of small businesses, and even Taylor Swift fever have been the ingredients for success, raising Detroit’s economic value substantially in the last few months. Economic Implications of Lions’ Playoff Success The Detroit Lions’ recent playoff success and Taylor Swift fever are not only writing new […]
Florida to Import Canadian Drugs, Easing US Medical Costs
The FDA has approved a groundbreaking deal that could see Americans paying far less for their medical needs, as the state of Florida will now welcome imported drugs from Canada. FDA Approval for Drug Importation in Florida At the beginning of January, the FDA granted Florida permission to import prescription drugs from Canada, marking a […]
California Faces an Insurance Crisis As Insurers Pull Out of State Over Climate Concerns
Another insurance company has pulled out of California, joining a long list of names that are worried about the potential effects of extreme weather. The state and insurers are now “at a major crossroads,” according to experts. Insurance Woes in California California homeowners are facing increasing difficulties obtaining private insurance as yet another major insurer, […]
Housing Affordability Plummets: Over 50% of Americans Struggle to Pay Rent
A report from Harvard University’s Joint Center for Housing Studies has revealed that a huge number of Americans will struggle to pay rent this month. Financial Strain on Tenants The report said that 50% of all US tenants spend over 30% of their income on rent and utilities. Middle-Income Renters Under Pressure Even middle-income renters […]
Big Macs Cost More: How Much Now?
In a McDonald’s restaurant in Connecticut, the affordable fast-food restaurant proved to be anything but as their menu was revealed to contain a Big Mac Combo for $18 and a $19 Quarter Pounder meal, among other shocking deals. The Big Mac Debate in Darien, Connecticut There’s been an outrage from the internet over a pricey […]
Growing Divide: Rent Skyrockets, Luxury Homes Soar
Despite some improvements in the rising housing market, a report suggests that those with a less affordable income will suffer the worst of it. Here are the reasons why. A Widespread Affordability Crisis Rental affordability in the U.S. has become worse than ever, affecting both high and low-income tenants. Record Numbers Struggling The Harvard Joint […]
House Republicans’ $78B Tax Deal Gets Green Light Despite Intra-Party Tensions
The House Republicans’ push for a $78 billion tax deal, including business incentives and an expanded child tax credit, has now been approved by the White House and the Ways and Means Committee. The crucial House floor vote is set after bipartisan approval in the House Ways and Means Committee. GOP Dilemmas Speaker Mike Johnson […]
Billionaire Premier League Owner’s Insider Trading: Faces 45-Year Sentence
British billionaire Joe Lewis has pleaded guilty to US courts for securities fraud and conspiracy to commit securities fraud, facing a potential 45-year prison sentence. What impact will this have on his US and UK businesses? Scandal Hits British Billionaire Joe Lewis Joe Lewis, the billionaire majority shareholder of Premier League football club Tottenham Hotspur, […]
Border Crisis: Americans Foot $451 Billion Bill
A report has revealed just how much of a burden the Southern Border crisis is on the American taxpayer, claiming that $451 billion is spent annually on different sectors due to the influx. The Southern Border Crisis A Republican-led investigation has revealed that the cost of the southern border crisis on American taxpayers is around […]