Finance

California’s financial woes are escalating, surpassing initial projections. Initially, Governor Gavin Newsom anticipated a $37.9 billion shortfall for 2024-2025. However, updated data indicates the deficit could reach $73 billion. While the Legislative Analyst’s Office cautioned of a $68 billion shortage, the actual problem exceeds their estimations. Not Enough Money and Frustration The $73 billion shortage […]

The powerful 7.2-magnitude earthquake that struck Taiwan is the nation’s most devastating seismic event in recent memory. Its economic repercussions are not confined to its epicenter in Hualien City; they ripple outwards, reaching tech hubs like Silicon Valley. Let’s take a look at how this quake has affected Taiwan Semiconductor Manufacturing Company (TSMC) and why […]

Find out how the $78 billion tax package that the House of Representatives passed this week will impact you and your tax return for 2024. Tax Bill Passes the House This week, the House passed a massive tax package in a highly anticipated vote. The bipartisan bill expands the child tax credit, includes breaks for […]

President Joe Biden recently revealed his plan for public transportation if he wins the White House race in November. Here’s a breakdown of what Biden’s Budget for 2025 means for you and your community. Budget Breakdown President Biden is proposing to allocate $16.8 billion for public transportation, an increase of $198 million from last year. […]

In a recent interview, Federal Reserve Chair Jerome Powell affirmed the central bank’s commitment to a series of interest rate cuts this year. Powell’s statements, featured on “60 Minutes,” shed light on the Federal Reserve’s strategy amid a backdrop of a healthy economy and a slowing inflation rate. Federal Reserve’s Rate Cut Projection In December, […]

In 2024, a series of substantial state tax reforms will impact American taxpayers across the country. The changes, including gas and food tax adjustments and new tax credits, have significant implications for all Americans. Gas Tax Adjustments In Oregon, the state’s gas tax will increase to 40 cents per gallon, a move keeping it within […]

Following the $20 minimum wage for fast food workers that was implemented in California just this week, it seems as though pay rises are on trend. Los Angeles Council members have just approved a recommendation for a pay hike that will affect hundreds of workers. Here’s the full story. LA Bus Drivers’ Wage Increase If […]

Two groups are going head-to-head in Arizona in a battle over workers’ rights, minimum wage laws, and employer responsibility. Amendment to State Constitution On Tuesday, Arizona lawmakers voted in favor of a proposal to amend the Arizona Constitution in order to revise minimum wage laws for restaurant workers. Tipped Workers Protection Act The proposal, which […]

January 2024 witnessed a staggering 136% increase in job cuts compared to December, with U.S. companies announcing over 82,300 layoffs. Labor Market Lows Unemployment in the U.S. has reached historic lows, so why are so many corporations still cutting jobs? Almost Record-Breaking Layoffs This huge increase in layoffs is the second-largest total of job losses […]

California’s fast food workers have a reason to be happy, as the state’s new law has made their minimum pay $20 an hour. The change seeks to provide financial stability to a job often labele­d as underpaid. Mixed Reactions Among Workers While many fast-food employees welcome the wage hike, some express concerns that it still […]