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Monday, feb 17
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Economy
News
NJ Families See Groceries Take Smallest Share Of Income In US, New Study Says
Inflation and soaring grocery prices are squeezing US households at the beginning of 2025, but a new study says Northeast families are spending less of their income on food than other parts of the country. A study from WalletHub called States Where People Spend the Most & Least on Groceries was released on Thursday, Feb. 13. Despite higher food costs, residents in many Northeast and mid-Atlantic states spend a smaller share of their incomes on groceries compared to others. WalletHub said the cost of groceries has surged more than 25 percent since 2019, straining household…
Business
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…
Politics
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system. He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy, would mark a pivotal turning point for the nation. "America is going to be very rich again, and it's going to happen very quickly," Trump said during a speech in Florida on Monday, Jan. 27 at the 2025 Republican Issues Conference at the Trump National Doral Miami. "Instead of taxing our citizens to enrich foreign nations, we should be tariffing an…
Lifestyle
These Are 10 Worst Cities For Traffic In US: Brand-New Rankings
Traffic jams continue to plague urban centers across the United States, leading to lost time, increased costs, and frustration for millions of commuters. The 2024 INRIX Global Traffic Scorecard sheds light on the cities most affected, providing valuable insights into the challenges faced by drivers. Here are the 10 cities with the worst traffic, according to INRIX: New York City – The Big Apple leads the nation, with drivers losing countless hours in traffic. Chicago – The Windy City ranks second, with congestion remaining a major issue. Los Angeles – LA’s infamous gridlock earns it…
Politics
Majority Of Americans Limit Political News Amid Fatigue, Overload, Poll Finds
In an era of 24/7 news cycles and social media saturation, most Americans are stepping back from political news to combat fatigue and information overload. According to a brand-new nationwide poll by the AP-NORC Center for Public Affairs Research, 65 percent of adults feel the need to limit their consumption of government and political news. This sentiment crosses party lines, but Democrats are slightly more likely than Republicans to feel overwhelmed (72 percent vs. 59 percent). Additionally, 50 percent of respondents cited the need to cut back on news about overseas conflicts. Around…
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
Mikie Sherrill Announces Run For Governor
Rep. Mikie Sherrill, D-NJ, is the latest name to announce she is running for Governor of New Jersey. Sherrill, who was recently re-elected to a fourth term representing New Jersey's 11th Congressional District, declared her candidacy in a video on Monday, Nov. 18. Gov. Phil Murphy is not eligible to run for re-election in 2025 due to term limits. The video, "Build Something," touts her background as a graduate of the United States Naval Academy and serving as a helicopter pilot in the Navy. "In a crisis the worst thing you can do is freeze," Sherrill said. "You have to choose to lead,…
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…
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…
News
Wall Street Investor With NJ Tie Predicts Economic Downfall
A Virginia-raised investor with a tie to New Jersey is going viral for his recent prediction on the status of the economy. “The economy is going to collapse,” Novogratz said in a Wednesday, June 15 interview with MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways.” The Princeton University graduate's remarks came shortly before the Federal Reserve raised rates by 0.75 percent in an attempt to reduce inflation without going into a recession. Novogratz, CEO of cryptocurrency investment firm Galaxy Digital, cited layoffs in …
News
WalletHub Ranks New Jersey No. 1 Best State To Live In America
Is it the beaches? The breakfast sandwiches? Or the pizza? WalletHub has released its latest rankings of the best states to live in America, landing New Jersey at No. 1. The website ranked each state based on five key factors: Affordability, economy, education/health, quality of life and safety. Here are the other states that ranked among the top 10 in the nation: 1. New Jersey 2. Massachusetts 3. New York 4. Idaho 5. Minnesota 6. Wisconsin 7. Utah 8. New Hampshire 9. Iowa 10. Pennsylvania Click here to see the fully ranked list of the best states to live in.
News
Amazon Announces 5 New NJ Delivery Sites
More amazing news on the Amazon jobs front. The giant internet retail outlet announced five new future delivery sites as it opened its Linden delivery station in Union County. Two new delivery sites will be in Middlesex County, two are targeted for Burlington County and one is planned in Mercer County, Amazon said in a press statement. Amazon's newest delivery locations, all set to open in 2021, are at: 2473 Old York Road - Building 1 in Bordentown; 343 Half Acre Road in Cranbury; 400 Delran Parkway in Delran; 1115 King Georges Post Road in Edison; and 10 Princess Road …
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