Tag:

Economics

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…
Marriott Plans To Lay Off Over 800 Corporate Employees Marriott Plans To Lay Off Over 800 Corporate Employees
Marriott Plans To Lay Off Over 800 Corporate 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,…
West Point Grad From Region Awarded Rhodes Scholarship West Point Grad From Region Awarded Rhodes Scholarship
West Point Grad From Region Awarded Rhodes Scholarship A West Point grad from the region is one of only 32 students nationwide to be awarded a Rhodes Scholarship at the University of Oxford in the fall of 2025. Orange County resident Shepherd Dzina of Tuxedo Park and three other cadets were awarded the scholarship on Saturday, Nov. 16. Dzina is an economics major currently serving as the Brigade Executive Officer at West Point, managing logistics and operations for over 4,400 cadets. He also leads the Finance Club and conducts research with the Army’s Office of Economics and Manpower Analysis. He has interned with the US International Develop…