economy
It’s time to postpone any summer road trip plans. With gas prices reaching new record highs, many drivers fear they won’t be able to afford to fill up their tanks this summer, according to a recent poll. Earlier this month, drivers watched as the average cost of regular gasoline surpassed the $2-per-litre mark. An Ipsos Poll, […]
Jaden Smith clearly doesn’t take himself too seriously. People have been mocking Smith after a clip from a past interview with Big Boy has been making the rounds online in which Smith said he always got along more with adults than people his own age. “I am very happy that I spent my childhood with more adults than I […]
Joe Biden has announced a historic plan to bring down the rising costs of fuel. On Thursday, the President confirmed the United States is expected to release up to 1 million barrels of oil per day from America’s strategic reserves. CNN reports the move will mark the largest withdrawal from the reserve since it was created in 1974. According […]
Elon Musk said during the Wall Street Journal’s CEO Council Summit on Monday that he supports the idea of getting rid of all government subsidies, specifically the ones laid out in the Biden Administration’s infrastructure bill. “Just delete them all,” Musk said, per The Verge, citing concerns over increasing the country’s budget deficit. “We’ve spent so much […]
Several breakfast food items will cost more in 2022 as General Mills is planning to raise prices as much as 20 percent on hundreds of products by mid-January, according to company letters obtained by CNN. Popular cereals like Cheerios, Cinnamon Toast Crunch, Lucky Charms, Wheaties, Reese’s Puffs, and Trix are included in the increase. Spanning dozens of […]
COVID-19 relief payments enacted by Congress ultimately helped the country report an overall drop in poverty last year, fresh U.S. Census data shows. The official poverty rate for 2020 has been determined to be 11.4 percent, meaning a single percentage point increase from the 2019 rate of 10.5. While this marks the first increase in […]
On Monday, several Democrats, headlined by Senators Elizabeth Warren, as well as reps Pramila Jayapal (Washington) and Brendan Boyle (Pennsylvania), and co-sponsored by Bernie Sanders, proposed a new tax that would take 3 percent annually on wealth that surpasses $1 billion, in addition to a 2 percent tax of households and trusts with wealth valued between $50 million and […]
The quest for a minimum wage hike has hit another roadblock. According to the Washington Post, Senate parliamentarian Elizabeth MacDonough ruled that the provision to increase the federal minimum wage to $15 an hour cannot be included in Joe Biden’s COVID-19 relief bill. The decision marks a significant blow for Democrats who were hoping to […]
Starting this week, Amazon workers in Alabama will be able to cast their vote deciding whether or not they want to become the company’s first unionized warehouse in the U.S. More than 5,800 people work at the Bessemer warehouse near Birmingham, which is now on a potential path to join the Retail, Wholesale and Department […]
It’s no secret that the COVID-19 pandemic has and continues to devastate communities across the globe. Unemployment rates are up, thousands are facing pending evictions, and people are hungry. But to put a rubber stamp on this living hell, a new report from the U.N. confirms that we’re in the middle of the worst employment […]
