United Auto Workers President Shawn Fain didn’t hold back in his recent video, accusing Stellantis CEO Carlos Tavares of engaging in price gouging and failing to uphold certain parts of the union’s labor contract. Fain’s criticism of Tavares goes beyond mere disagreements, painting a grim picture of the company’s leadership and practices. One of the
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The recent resignation of Columbia University’s president, Nemat “Minouche” Shafik, has sent shockwaves across the campus community. Shafik stepped down after facing months of criticism and protests from various groups, including anti-war demonstrators and House Republicans. The turmoil surrounding her presidency reached a tipping point, ultimately leading to her decision to resign. In her resignation
The latest report from the Labor Department revealed that inflation rose in July, mainly due to the increase in housing-related costs. The Consumer Price Index (CPI) showed a 0.2% increase for the month, leading to a 12-month inflation rate of 2.9%. While economists had anticipated slightly lower numbers, the core CPI (excluding food and energy)
The rollout of the new Free Application for Federal Student Aid, commonly referred to as FAFSA, has been met with widespread criticism and dissatisfaction. Many college students have found themselves in the dark regarding the status of their financial aid awards for the upcoming academic year. The National Association of Student Financial Aid Administrators has
Recent data from the New York Federal Reserve has shown that consumers are growing more confident about the future of inflation rates. The three-year outlook for inflation has hit a new low, with consumers expecting inflation to be at just 2.3%. This marks a significant decrease from the previous month, indicating a shift in consumer
Former President Donald Trump recently made false accusations against Vice President Kamala Harris, claiming that she used AI technology to fabricate images of the crowd sizes at her rallies. This unfounded conspiracy theory aimed to explain the strong enthusiasm for the new Democratic ticket. Despite the Harris campaign providing evidence that the images were accurate
Barbara Res, the Trump Organization’s former executive vice president of construction and development, recently came forward to challenge former President Donald Trump’s narrative about a helicopter ride incident involving former San Francisco Mayor Willie Brown in the 1990s. Res provided a different perspective on the event, shedding light on the details surrounding the controversial helicopter
Sen. Elizabeth Warren, D-Mass., has raised questions regarding Tesla CEO Elon Musk’s utilization of company resources for his other ventures, such as SpaceX and xAI. These concerns were outlined in a detailed 10-page letter addressed to Tesla Chairwoman Robyn Denholm. Warren asserts that the Tesla Board of Directors may be neglecting their fiduciary duties to
The Federal Reserve Bank of New York recently reported that Americans now collectively owe a staggering $1.14 trillion on their credit cards. This figure represents a significant increase from previous years, with the average balance per consumer standing at $6,329 – a 4.8% year-over-year rise. The data from a TransUnion report also indicates that credit
If Vice President Kamala Harris were to become president, she would prioritize small business growth and large industry competition when shaping her antitrust and regulatory policy, according to Maryland’s Democratic Governor, Wes Moore. Moore believes that Harris’s administration would focus on supporting small businesses to make it easier for them to grow. Additionally, he suggests