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Friday, dec 27
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Economy
Schools
Sharp Drop In College Enrollment Raises Alarm
Fewer high school graduates began college this fall, with enrollment in that age group dropping 5 percent from last year, according to an analysis by the National Student Clearinghouse Research Center. Four-year institutions were hardest hit, with public colleges seeing an 8.5 percent drop in first-year enrollments and private nonprofit colleges reporting a 6.5 percent decline. This trend poses significant challenges for colleges and universities, particularly those reliant on tuition revenue. As the competition for students intensifies, institutions face mounting pressur…
Politics
Election 2024: Trump Reclaims Presidency By Securing Wins In Key Battleground States
Crucial triumphs in the key battleground states have lifted former President Donald Trump back to the White House. The 78-year-old Trump was declared winner of the 2024 election against Vice President Kamala Harris just before dawn on Wednesday, Nov. 6. Trump has been projected to win all three "Blue Wall" states of Michigan, Pennsylvania, and Wisconsin. With big additional wins in North Carolina and Georgia, he has secured the 270 electoral votes needed to reclaim the presidency, becoming the first president who will serve non-consecutive terms since former Democratic New York Gov. Grover…
Business
Iconic Food Container Maker Tupperware Files For Bankruptcy
A kitchen staple may soon be getting shelved. Iconic 78-year-old food container pioneer Tupperware filed for Chapter 11 bankruptcy protection on Tuesday, Sept. 17 amid a years-long slump in sales. The company known worldwide for its "Tupperware Parties" is now seeking court approval to continue operating during the proceedings as it pursues a sale. "Whether you are a dedicated member of our Tupperware team, sell, cook with, or simply love our Tupperware products, you are a part of our Tupperware family," said President and Chief Executive Officer Laurie Ann Goldman. "We pla…
Politics
Harris, Trump Come Out Swinging In Presidential Debate In Philadelphia
Vice President Kamala Harris and former President Donald J. Trump came out swinging at the National Constitution Center in Philadelphia on Tuesday, Sept. 10 in their first and possibly only presidential debate before the Tuesday, Nov. 5 election. Harris made the first move by shaking Trump's hand on stage — in their first face-to-face encounter. Political observers noted how Harris "baited" the former president, prompting him to look increasingly angry. But Trump entered the "spin room" less than an hour after the debate, saying, "I think it was the best debate, personally, that I've ever …
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent. The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…
Business
Big Lots To Close Pair Of NY Stores
Discount retail chain Big Lots plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC). It currently has around 1,425 stores nationwide. Six stores in New York, Connecticut, and Massachusetts are slated to close, with both New York stores on Long Island. No store closures are scheduled for New Jersey. The company cited rising costs and inflation as reasons for the move and said a bankruptcy filing could be coming. Stores in the Northeast slated for closure are as follows: New York 260 Voice Road, Carle Place 231 Centere…
Politics
Biden Withdraws From 2024 Presidential Race, Endorses VP Kamala Harris To Be New Nominee
President Joe Biden has just announced he is pulling out of the 2024 race against Republican nominee Donald Trump. In a letter to "My Fellow Americans" released just before 2 p.m. Sunday, July 21, Biden said: “It has been the greatest honor of my life to serve as your president. “And while it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as president for the remainder of my term.” The news comes amid concerns over the 81-year-old Biden's health, which were loudly …
News
Costco Raising Membership Fees In US, Canada
The Costco Wholesale Corporation has announced membership hikes in the US and Canada for the first time in seven years, according to a news release by the company issued on Wednesday, July 10. Costco opened the release sharing a June sales growth in the US of 5.6%, which is higher than the past 44 weeks of just 4.4%, the company experienced a decrease in revenue internationally. On the heels of sharing that news, the company made the announcement about raising the membership fees in both the US and Canada beginning Sept. 1. Annual memberships are rising $5 making them $65…
Politics
$25M Spent: Heated Westchester Race Most Expensive Congressional Primary Ever
The closely-watched Democratic race between Westchester County Executive George Latimer and incumbent Rep. Jamaal Bowman for New York's 16th District seat is about to come to a close as the most expensive congressional primary in history, according to reports. CBS News says nearly $25 million has been raised and spent during the race, which will be decided on Primary Election Day on Tuesday, June 25. Over half of this amount, $16 million, has been put toward anti-Bowman attack ads and was largely spent by United Democracy Project, a super PAC of the pro-Israel group American Israel Public…
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