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Economics

Politics
Trump Wants US Treasury To Stop Making Pennies: Here's Why Trump Wants US Treasury To Stop Making Pennies: Here's Why
Trump Wants US Treasury To Stop Making Pennies: Here's Why President Donald Trump is calling for an end to the production of pennies, arguing that the cost of minting them far exceeds their actual value.  As he departed the Super Bowl in New Orleans on Sunday night, Trump took to Truth Social to announce his directive to halt penny production, calling it a "wasteful" government expense. "For far too long the United States has minted pennies which literally cost us more than 2 cents," Trump wrote. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The financial burden of the penny has long been debated. Acco…

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by Joe Lombardi
Politics
Trump Taps Former University Of Maryland Professor For Economic Policy Advisor Trump Taps Former University Of Maryland Professor For Economic Policy Advisor
Trump Taps Former University Of Maryland Professor For Economic Policy Advisor Incoming President Donald Trump announced key senior staff appointments to the White House National Economic Council, including a face familiar to some in Maryland. Andrew Lyon, a former University of Maryland economics professor with decades of experience in government and private sector roles, has been tapped by Trump to serve as Special Assistant to the President for Economic Policy. Lyon, who previously served under two Republican administrations, will focus primarily on tax policy in his new role, the Trump team announced this week. The seasoned economist has an impressive resume…

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by Zak Failla
Business
Maryland-Based Marriott Announces Plans To Lay Off Over 800 Employees Maryland-Based Marriott Announces Plans To Lay Off Over 800 Employees
Maryland-Based Marriott Announces Plans To Lay Off Over 800 Employees Global hotel chain Marriott International is planning to lay off hundreds of employees by the start of the new year. According to a Maryland Work Adjustment and Retraining Notification (WARN) filing, the company, based in Bethesda, listed 833 people slated to lose their jobs by Wednesday, Jan. 3. Despite the development, Chief Executive Officer Anthony Capuano said business is solid. "Our business momentum is excellent, and as a company that embraces change, we continue to evolve our business to support our global growth," Capuano said in a third-quarter earnings call late last month,…

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by Joe Lombardi
Obituaries
NJ Native, Influential Washington Post Editor Neema Roshania Patel Dies, 35 NJ Native, Influential Washington Post Editor Neema Roshania Patel Dies, 35
NJ Native, Influential Washington Post Editor Neema Roshania Patel Dies, 35 A New Jersey native, Rutgers alumnus, and influential Washington Post editor died Monday, Oct 24 after a battle with gastric cancer, the newspaper wrote in her obituary. Neema Roshania Patel was 35, and most recently worked as the Post's editor for next-generation audience development, according to her LinkedIn profile. Born in Maplewood, Patel worked on her high school newspaper before graduating from Rutgers University with a degree in economics and journalism in 2009, her former colleagues wrote. She joined the Post in 2016, first as a digital editor before being named d…

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by Mac Bullock