A former Anheuser-Busch executive is calling on Brendan Whitworth, the beer company’s U.S. chief executive officer, to step down from his position over his handling of Bud Light’s partnership with transgender influencer Dylan Mulvaney. Anson Frericks, who once was president of sales and distribution for Anheuser-Busch, wrote in a column published by The Daily Mail…
Former Anheuser-Busch Executive Asks Current CEO to Step Down: ‘He’s Been Paralyzed’
Fox News Settles Lawsuit With Former Tucker Carlson Producer for $12 Million
July 1, 2023
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Fox Corporation has agreed to pay $12 million to settle a lawsuit by former Fox News producer Abby Grossberg, who leveled allegations against the network for promoting a hostile working environment. Grossberg, who was the head of booking for Tucker Carlson for several months, filed a lawsuit in March claiming she was subjected to vulgar…
ANALYSIS: China’s Economy Stuck in Deeper Crisis Due to More State Interventions
July 1, 2023
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News Analysis The devaluation of China’s currency, the yuan, has plummeted to its lowest point this year due to failed government interventions amid the economic depression. More money issued by the Communist Party’s financial institutions will be used as a government hedge against the collapse of the banking and financial system, shifting the country’s debt…
New York Ends ‘Excelsior’ COVID-19 Vaccine Passport App
July 1, 2023
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New York officials have announced the end of the state’s COVID-19 vaccine passport app, as demand has dried up for the pandemic-era relic that critics call discriminatory. The plug will be pulled on the Excelsior Pass Plus (EPP) on July 28, amid plummeting demand for access to digital test and vaccine records and as the…
Musk Says Twitter Limiting How Many Tweets Users Can Read
Twitter CEO Elon Musk said Saturday that the social media platform will limit how many tweets users can read due to “extreme” levels of system manipulation and data scraping. Musk said in a statement that Twitter has applied the following temporary limits on users, with new unverified accounts limited to reading just 300 posts per…
Small Business Owners Nationwide Struggling to Make Rent: Survey
A recent report states that many small business owners are failing to pay rent on time due to rising rental amounts, with sectors like education and manufacturing struggling the most. Rents rose for the fifth straight month in June for small businesses, according to a June 28 report by the small business network Alignable based…
Consumer Spending Grows by Just 0.1 Percent in May, Inflation Remains High
U.S. consumer spending stalled in May to the lowest growth rate this year as inflation remained elevated. Consumer spending or personal consumption expenditures (PCE) only rose by 0.1 percent in May, according to a June 30 news release (pdf) by the U.S. Bureau of Economic Analysis (BEA). This is the lowest growth rate so far…
Walgreens to Close 450 Stores
Pharmacy chain Walgreens Boots Alliance (WBA) has announced plans to shut 450 stores worldwide to reduce costs as the company struggles with poor financial performance. As part of the cost-cutting measures being implemented at the company, Walgreens is looking to “optimize our locations and opening hours, and expect to close an additional 300 locations in…
IN-DEPTH: ‘Sacrifice on the Altar of Green Energy’: Commercial Fishing Industry Faces Extinction if Offshore Wind Turbine Development Continues
July 1, 2023
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Advocates warn that what’s at stake if developers and their foreign investors succeed in constructing offshore wind turbines along the east coast is a crucial food source and a rich cultural heritage preserved among fishermen. “Generations of fishermen could be sacrificed on the altar of green energy,” Meghan Lapp told The Epoch Times. Lapp is…
IN-DEPTH: ‘Sacrificed on the Altar of Green Energy’: Commercial Fishing Industry Faces Extinction If Offshore Wind Turbine Development Continues
July 1, 2023
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Business & Marketsclean energyCompaniesenergyInflation Reduction ActMagnusNew YorkPolicies & ImpactsRegional & State NewsRegional NewsRhode IslandState NewsUSwind turbines
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Advocates warn that what’s at stake if developers and their foreign investors succeed in constructing offshore wind turbines along the east coast is a crucial food source and a rich cultural heritage preserved among fishermen. “Generations of fishermen could be sacrificed on the altar of green energy,” Meghan Lapp told The Epoch Times. Lapp is…
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