MINNEAPOLIS—Minnesota officials discovered an error in a $3 billion tax cut bill lawmakers passed this spring that could cost taxpayers $352 million over the next two years, but state leaders promised to fix it before it would take effect. The head of the Minnesota Revenue Department Paul Marquart told the Minneapolis Star Tribune on Friday…
Minnesota Officials Say Error in Tax Cut Bill Could Cost Taxpayers $352 Million, but Promised a Fix
China’s Premier Holds Meeting With Experts to Save Economy; Analysts Say Root Cause Systemic With Communism
July 9, 2023
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Asia & PacificBusiness & MarketsChina Business & EconomyChina economyChina NewsChinese Regimeeconomic downturnexportforeign investmentGlobal ExpansionInternational RelationsSpecial TopicsunemploymentUS-China relationsWorld
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While Chinese communist regime’s Premier Li Qiang held a meeting with mainland Chinese economists on July 6 to collect suggestions on how to save the mainland Chinese economy, analysts say the root cause of China’s economic downturn lies in its political system, which is dictated by the ruling communist party (CCP) which is currently led…
Teamsters Union Puts Pressure on UPS, Amazon With Strikes as Contract Deadline Nears
Last week, talks between the International Brotherhood of Teamsters union and UPS broke down twice—once as June drew to an end and the Teamsters walked from the table demanding that UPS present their “last, best, and final offer,” and again on July 5 with both parties pushing the blame. Contracts for the 330,000-plus UPS delivery…
Teamsters Union Puts Pressure on UPS, Amazon With Strike Threat as Deadline Nears
Talks between the International Brotherhood of Teamsters and United Parcel Service broke down twice in just over a week—once as June drew to an end and the union left the table while demanding that the shipping company present its “last, best, and final offer,” and again on July 5 with both parties shifting the blame. Contracts…
Mortgage Rates Soar to Highest Level for the Year
July 8, 2023
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30-year mortgage ratesBusiness & Marketseconomic policieseconomyhome pricesinflationInvestmentMarketsPolicies & Impactsreal estateUSUS Real Estate
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U.S. home mortgage rates soared towards 7 percent this week, pushing away many potential home buyers as affordability pressures for some pushed home ownership further out of reach. The average rate on the popular 30-year fixed mortgage hit 7.22 percent on July 6, reaching its highest point since November, according data published by to Mortgage News…
Indigenous Chief Wants Ben & Jerry’s to Return ‘Stolen’ Land on Which Its HQ Sits
A tribal chief with links to the Native American nation that originally inhabited the land in Vermont where Ben & Jerry’s is headquartered said he’s interested in getting the land back after the ice cream company called for the return of “stolen” lands. Don Stevens, chief of the Nulhegan Band of The Coosuk Abenaki Nation, which…
Walmart’s Bill Simon Says Inflation Having ‘Much Bigger Impact’ on Households Than Looming Recession
As analysts ponder whether inflation in the United States has turned a corner following the latest data, a former Walmart U.S. chief executive says that inflationary pressures are here to stay longer and will hurt American households more than the looming recession. Former Walmart U.S. CEO Bill Simon told Fox News in a recent interview…
Judges Award Steve Bannon’s Ex-attorney $480,000 Unpaid Legal Fee
A new york judge ruled Friday that Steve Bannon, former White House adviser and one-time Trump administration official, must pay his former legal team more than $480,000 in unpaid legal fees. “ORDERED that plaintiff’s motion for summary judgment is granted on its account stated cause of action and the Clerk is directed to enter judgment…
As Delta Bans TikTok, Experts Warn About Beijing’s Data Grab
July 8, 2023
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BGIBusiness & MarketsBytedanceChina Business & EconomyChina NewsCompaniesdataDJIMao ZedongtechnologyThreat from Communist ChinaUS-China relations
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Delta Airlines has banned TikTok. Delta employees had until Friday afternoon to remove the app from phones, computers, and other smart devices that connect to company systems. The airline is just the latest entity to restrict TikTok’s use in the United States. Concerns about the Chinese app’s use of American data are finally starting to…
IN-DEPTH: ‘It Would Be Devastating’: Local Officials Warn of Wind Turbine Development’s Impact to Jersey Shore’s Tourism Industry
July 8, 2023
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Business & Marketsclimate changeenergyInflation Reduction ActNew JerseyRegional & State NewsState NewsUSUS FeaturesUS Newswind turbines
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Serene beachside views that bring in a lucrative tourism industry could be cut to ribbons if wind companies succeed in constructing fleets of monopole turbines along the east coast. Orsted, a wind energy company 51 percent owned by the Danish government, has plans to install 200 turbines throughout 161,000 acres of ocean nine miles off…
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