The U. S. dollar has taken a significant hit this year, dropping more than 10% in value. This is the worst decline since 1973, when President Nixon ended the gold standard. The dollar's fall is surprising because the U. S. economy is still strong. Some investors are worried that this drop could mean
New York City's real estate titans are gearing up for a tough fight if Zohran Mamdani, a self-proclaimed socialist, becomes the next mayor. Mamdani, who won the Democratic primary, has big plans to tax big businesses and landlords more. But the real estate industry isn't worried. They've been throug
The White House is hinting that some countries might get extra time to finalize trade deals before tariffs kick in. Stephen Miran, head of the White House Council of Economic Advisers, shared this during an interview. He mentioned that countries making real efforts could see their deadlines extended
President Trump recently signed a major bill that will significantly change Medicaid. This law will make it harder for many people to get health care. The bill adds work requirements for adults under 65. This means they must prove they are working or in school to keep their Medicaid coverage. The n
In the heart of the Florida Everglades, a new immigrant detention center has popped up, and it's not exactly a paradise. Dubbed "Alligator Alcatraz, " this place is more like a temporary tent city than a proper facility. It's been set up in just eight days, with bunk beds and chain-link fences, and
The government's recent change of heart on welfare reforms has put a wrench in the works for future spending decisions. Education Secretary Bridget Phillipson didn't promise to eliminate the two-child benefit limit, saying it would be expensive. She did say the government is looking at all options t
In a significant development, Colombian authorities have arrested a man believed to be the mastermind behind the recent shooting of a prominent senator and presidential hopeful. The suspect, known by the aliases "Chipi" or "Costeño, " was captured in Bogota after a month-long manhunt. This arrest fo
Turkey is witnessing a surge in political tensions as authorities detain more mayors from the main opposition party, the Republican People's Party (CHP). The latest crackdown saw the detention of Adana Mayor Zeydan Karalar and Adıyaman Mayor Abdurrahman Tutdere. Soon after, Antalya Mayor Muhittin Bö
Elon Musk, the wealthiest person on the planet, has announced the creation of a new political party. This move comes after a public disagreement with former President Donald Trump over a recent policy decision. Musk has been vocal about his concerns regarding the increasing national debt and governm
The recent tax bill signed into law has some surprising twists for private colleges. While big names like Princeton, MIT, and Harvard will see higher taxes on their endowment earnings, smaller schools with significant wealth are getting a break. This shift comes from a change in the rules that now e
