New York City Mayor Zohran Mamdani has issued a budget ultimatum: Albany must approve a 2% tax on millionaires or the city could implement a 9.5% property tax increase to cover a $5.4 billion deficit.
Posts published in “Economy”
Polish authorities are assembling historical research and legal groundwork to pursue a lawsuit against Russia for alleged damages inflicted during World War II and the subsequent decades under Soviet influence.
U.S. consumer prices declined in January as inflation fell to its lowest level since March 2021. The data signals easing pressure on household budgets.
A sweeping U.S.–Taiwan trade deal cuts tariffs and drives major investment into American industry and semiconductors. China pushes back as supply chains and alliances shift.
Texas agriculture faces mounting pressure as family farms, food security, and public health collide. Nate Sheets joins John B. Wells to discuss restoring accountability, soil stewardship, and control of the food supply.
Although Seattle Seahawks quarterback Sam Darnold helped his team win Super Bowl LX, California’s aggressive “jock tax” law meant he ended up paying more in taxes than he earned from his winner’s bonus.
Commerce Secretary Howard Lutnick faces mounting pressure to resign after newly released Epstein files contradict his past statements. Lawmakers from both parties are demanding accountability over his alleged ties and disclosures.
European Union natural gas reserves have fallen to around 40 % of capacity, the lowest level since 2022, prompting warnings about supply and price pressures this winter. Analysts say countries like Germany may increase LNG imports as stockpiles remain tight.
Democratic Rep. Ayanna Pressley refused to address inquiries about her multimillion-dollar rise in personal wealth linked to rental property income and financial disclosures. Her office offered little comment beyond standard filings.
Population migration trends are reshaping political power as residents move from blue to red states. Analysts say tax policy, jobs, and demographics are driving long-term change.
A land proposal dubbed “Qatar City” in Arizona raises transparency and foreign influence questions amid ties to past Qatar Islamic Bank projects.
Rep. Maxine Waters repeatedly challenged Treasury Secretary Scott Bessent during a House hearing, pressing him on tariffs and housing affordability. Tempers flared as the exchange escalated into heated interruptions.
The Washington Post announced one of the largest layoffs in its history, cutting roughly a third of its workforce and reducing coverage across departments. Staff and industry figures warn the cuts could weaken the paper’s journalistic reach and ambitions.
A new Gallup poll shows many Americans now see politics and government as their country’s biggest issue, with younger people especially concerned about economic challenges like affordability.
Speaker Mike Johnson cleared a crucial House rule vote, putting Congress on track to end the government shutdown. The move followed tense GOP negotiations over voter ID and DHS funding.
Polish president pushes for aggressive move to nuclear, bypassing LNG amidst ‘geopolitical turmoils’
Polish president pushes for aggressive move to nuclear, bypassing LNG amidst ‘geopolitical turmoils’
Poland’s president is pushing a strategy to move from coal straight to nuclear energy, avoiding a temporary reliance on liquefied natural gas and supporting the country’s first nuclear plant construction.
A partial federal government shutdown will begin at midnight after the Senate stripped long-term ICE funding from a House-passed spending bill. Lawmakers now face a high-stakes fight over DHS funding and enforcement authority.
This article examines the debate over Western aid in Africa and whether its purported benefits mask strategic interests and long-term dependency.