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The West WingOne of Trump’s most important picks will be his White House chief of staff. Karoline Leavitt, who was Trump’s campaign spokeswoman, is being considered as White House press secretary – a job that typically is the most public-facing position in the White House. National security postsTrump has suggested his national security team would be tasked with reassessing the United States’ posture toward Ukraine and Russia, China, Iran, and the simmering conflict in the Middle East. The debate over a renewed Trump’s “America First” agenda is expected to pit Republican national security hawks against the party’s isolationist wing. Secretary of state and national security adviser will be among the most hard-fought positions to stand at the forefront of those shifts.
Persons: Donald Trump’s, Trump, Howard Lutnick, Linda McMahon, John McEntee, Cliff Sims, Ross Werner, Goldman Sachs, Trump’s, John Kelly, Susie Wiles, Wiles, Russ Vought, Brooke Rollins, Bob Lighthizer, Karoline Leavitt, , Musk, Robert F, Kennedy Jr, Elon Musk, helms, Kennedy, , Ken Paxton, Matt Whitaker, Jeff Sessions, Sen, Mike Lee of, of National Intelligence John Ratcliffe, Mark Paoletta, Kash Patel, Patel, Christopher Wray, James Comey, Jeffrey Jensen, Louis, Bill Barr, Jensen, Michael Flynn, Barr, Florida Sen, Marco Rubio, Tennessee Sen, Bill Hagerty, Richard Grenell, Grenell, ” Arkansas Sen, Tom Cotton, Keith Kellogg, Ratcliffe, Gina Haspel, Cotton, Mike Waltz, Mike Pompeo, Elise Stefanik, She’s, Morgan Ortagus, David Friedman, Kelly Craft, Scott Bessent, “ He’s, MAGA, he’s, Elon, Hank Paulson, George, Jay Clayton, Lighthizer, McMahon, Doug Burgum, flinch, Jamieson Greer, CNN’s Kevin Liptak, Alayna Treene, Hannah Rabinowitz, Kylie Atwood Organizations: CNN, Trump, White House, Heritage Foundation, White, Pentagon, West, America, Policy Institute, RFK Jr, SpaceX, Senate, Republicans, PAC, Department of Health, Human Services, Environmental Protection Agency, Department of Agriculture, Justice and Homeland Security, of National Intelligence, Conservative, FBI, Republican, Central Intelligence Agency, CIA, New York Republican, House GOP, United Nations, UN, State Department, Soros, Goldman, George Bush’s, Department, Chinese Communist Party, Securities and Exchange Commission, Treasury, Commerce Department . North Dakota Gov, US Trade Locations: Trump, Central Park, Texas, Mike Lee of Utah, Beach, St, United States, Ukraine, Russia, China, Iran, Florida, Tennessee, Japan, Germany, ” Arkansas, Barr, UN
AdvertisementThis Election Day, minimum wage workers in four states are waiting to learn if they'll get a raise. The minimum wage in Massachusetts is $15 an hour, and the tipped minimum wage is $6.75. If Massachusetts' question 5 passes, the tipped wage would slowly increase to become level with the state minimum wage, reaching full parity by 2029. As it stands, Arizona employers are able to pay tipped workers up to $3 less than the standing minimum wage — as long as workers' tips still bring them to the minimum wage. Are you a worker earning at or near the minimum wage in your state?
Persons: , they'll, reelect Donald Trump, Alaskans Organizations: Service, Department, Labor, Economic Policy Institute, Missouri Voters, Massachusetts —, jkaplan Locations: Alaska , California, Missouri, Massachusetts, Arizona, Washington, Florida, Alaska, California
“Knowing India has a strong presence in Bhutan, China naturally becomes vulnerable in the bordering region,” said Rishi Gupta, assistant director at the Asia Society Policy Institute in New Delhi. “None of the roads connect into Bhutan, they start from the Chinese border and end in forest areas. ‘No intrusion’Bhutan has repeatedly denied that Chinese construction has taken place in its territory. Bhutanese Foreign Minister Tandi Dorji, left, and Chinese Foreign Minister Wang Yi meet in Beijing in October 2023. They picked up formal talks last October for the first time since the Doklam standoff, with Bhutan’s foreign minister making a rare visit to Beijing.
Persons: , that’s, Xi Jinping, Robert Barnett, Lotay Tshering “, SOAS ’ Barnett, Barnett, Bhutan’s, ” Barnett, Doklam, Bhutan –, Rishi Gupta, Jieluobu, Jieluobu –, Yun Sun, , SOAS’s Barnett, , Damien Symon, Symon, relocatees, Lotay Tshering, it’s, Karma Phuntsho, Manoj Joshi, Tandi Dorji, Wang Yi, Xi Organizations: CNN, East China Seas, Planet Labs, SOAS University of London, Tibet Autonomous, Labs, Bhutan’s Ministry of Foreign Affairs, SOAS, Gurinder, India’s Ministry, Affairs, Asia Society Policy, Beijing, Jieluobu, Stimson, Demalong ., Demalong . Tibet Federation of Industry, Commerce, Intel Lab, Chatham House, La, National, ” Observers, Observer Research, Trade, Foreign, Ministry Locations: Bhutan, China, Tibet, South, East, India, Tibet Autonomous Region, Demalong, Lhuntse, “ China, Indian, Chinese, Nathu La, Sikkim, Gurinder Osan, Delhi, Beijing, Siliguri, New Delhi, Doklam, Washington, Semalong, Luozha, WeChat, Demalong . Tibet, London, Jieluobu, Belgian, , Thimphu, Kula, Bhutanese
Jackson Hole, Wyoming, is a billionaire hot spot next to Grand Teton National Park. I recently visited the ultrawealthy mountain town and was surprised by the airport and the housing. Enter Jackson Hole, Wyoming — the 60-mile-long valley bordering Grand Teton National Park. This section of Teton County comprising the towns of Jackson, Teton Village, Wilson, and others, has fewer than 11,000 residents. I got the nature getaway I expected but was surprised by many aspects of the region, from the luxe airport to the mansions in the mountains.
Persons: Jackson, , I've, Wilson, Kanye Organizations: Teton, Service, Economic, Institute Locations: , Wyoming, Texas, East Coast, New York City, it's, Teton, Teton County, Jackson, Teton Village, Portland , Oregon, Wyoming, luxe
Yuki Iwamura | Bloomberg | Getty ImagesThe unemployment rate for white Americans inched higher in October, according to data released Friday by the Department of Labor. In October, white Americans saw their jobless rate rise to 3.8% from 3.6% in the month prior. On the other hand, the jobless rates for both white men and women edged higher in October. While Hispanic women saw their jobless rate climb to 5.2% from 4.8%, unemployment rates for their male counterparts slid to 4.0% from 4.1%. The unemployment rate also ticked lower for Black women to 4.9% from 5.3%, while it climbed to 5.7% from 5.1% for Black men.
Persons: Yuki Iwamura, Heidi Shierholz, Shierholz Organizations: New York, Bronx Library Center, Bloomberg, Getty, Department of Labor, Economic Policy Institute, CNBC Locations: Bronx, New York
LOS ANGELES — California and Nevada voters are weighing whether to repeal legal loopholes in their state constitutions that allow slavery and involuntary servitude to be used as criminal punishment. California and Nevada would join a growing national trend that started with voters in Colorado repealing involuntary servitude in 2018. Slavery and involuntary servitude were banned nationally by the 13th Amendment with one exception — as punishment for a crime. In 2016, Shawna Lynn Jones became the first incarcerated woman to die while fighting a fire in California, according to the state corrections department. "If it means we have to come back to California voters in two years or four years, then that's what we'll do," Nuñez said.
Persons: ” Rep, Barbara Lee, Shawna Lynn Jones, ” Alyssa Mireles, , Lawrence Cox, Cox, , “ It’s, Terri Hardy, ” Hardy, , Greg Totten, we’ve, ” Esteban Nuñez, Nuñez Organizations: Democratic, , , League of United Latin American Citizens, California Department of Corrections, Rehabilitation, Firefighters, Institute of California, FBI, California — Locations: ANGELES, California, Nevada, Colorado, Utah, Nebraska, Alabama , Tennessee, Oregon, decarceration, U.S
CNN —California voters will decide this election whether to increase the state’s minimum wage to $18 an hour, which would be the highest in the US. Currently, the Golden State’s minimum wage is $16 and is set to rise to $16.50 next year. California has been among the more aggressive states when it comes to hiking the minimum wage. Some 44% of likely California voters said they would vote yes in an October poll conducted by the Public Policy Institute of California, down from 50% in September. Jerry Brown, gradually raised the minimum wage, giving employers the opportunity to adjust, Condie said.
Persons: Joe Sanberg, ” Sanberg, , Enrique Lopezlira, ” Lopezlira, ” Jennifer Barrera, Jot Condie, , Jerry Brown, Condie Organizations: CNN, Public, Institute of California, Institute for Research, Labor, Employment, University of California, MIT, California Chamber of Commerce, Golden State, California Restaurant, Democratic Gov Locations: California, Berkeley, Golden
A new regulatory rule finalized this month by the Consumer Financial Protection Bureau aims to reduce that hassle and make it easier, more secure and always free for customers to switch accounts or to simply transfer or share their financial data from their banks, credit card issuers and other financial service providers upon request. “The problem the CFPB (rule) is addressing is the paperwork required of consumers to change accounts. Financial providers must make this information available without charging fees.”The rule will also restrict how third parties may use and retain the data consumers request be shared. Banks push backThe banking industry wasted no time in expressing its displeasure with the new rule — known as the personal financial data rights rule. “Dodd-Frank only requires banks to provide financial data to consumers.
Persons: it’s, , Adam Rust, Rohit Chopra, ” Rust, , That’s, ” Chopra, Banks, Rob Nichols, , ” Jaret, “ Dodd, Frank, ” Seiberg, Chopra, they’ve Organizations: CNN, Consumer Federation of America, Consumer Financial, Federal Reserve Bank of Philadelphia, American Bankers Association, Bank Policy Institute, Kentucky Bankers Association and, Cowen Washington Research Group Locations: Kentucky Bankers Association and Kentucky, Las Vegas
Donald Trump proposed mass deportation to lower housing costs and boost job opportunities. AdvertisementThe mass deportation of people living in the US illegally has been one of the cornerstones of the Republican presidential ticket leading up to the November election. Many Democrats say mass deportations would hurt businesses and employment opportunities for all Americans, in addition to separating families and displacing millions of people. She told BI that a mass deportation would devastate the agriculture, construction, and hospitality industries. AdvertisementHow much a mass deportation would cost the governmentThe Trump campaign has talked little about how mass deportations could be implemented and on what scale.
Persons: Donald Trump, , Trump, Kamala Harris, Biden, Harris, Douglas Nicholls, Nicholls, Regina Romero, Romero, " Romero, Duncan Braid, Braid, Davis, Chloe East, Taylor Rogers, Trump's, Rogers, hasn't, Marcus Noland Organizations: Service, Republican, Pew Research Center, Business, Pew Research, Trump, Immigration, Customs, American Compass, University of California, Brookings Institution, ICE, New York Times, American Immigration, Taxation, Economic, Manhattan Institute, FEMA, RNC, Peterson Institute for International Economics, American Immigration Council, Peterson Institute Locations: Los Angeles, Springfield, Aurora, Ohio, Colorado, Arizona, Yuma , Arizona, Mexico, Yuma, Tucson, Reading , Pennsylvania, US, Aurora , Colorado
Democrats had warned the new rules around certification could allow local election officials to delay or altogether decline to certify the election results as they searched for purported fraud or irregularities. Key GOP state officials, including Secretary of State Brad Raffensperger, had also opposed the new rules. Republican state officials have launched an emergency appeal in Virginia, while Trump has attempted to play up the ruling for political gain. A Republican lawsuit led to a settlement with Detroit election officials that affirmed that there would be at least one GOP poll watcher in each precinct. But in Wisconsin, a judge rejected a lawsuit there to force election officials to hire more GOP poll workers in Racine.
Persons: , it’s, Donald Trump’s, they’re, Leah Tulin, Brennan, ” Tulin, , Republicans ’ “, Claire Zunk, Jocelyn Benson, Kamala Harris, Brad Raffensperger, Joe Biden’s, Trump Organizations: CNN, Republican, GOP, Republicans, Brennan Center for Justice, New York, Republican National Committee, CNN Republicans, Pennsylvania Supreme, Michigan Republicans, Democrat, Trump, Board, Department, Nevada GOP, America, Policy Institute, Democratic, RNC, House, of North, of North Carolina Chapel Hill Locations: In Pennsylvania, Pennsylvania, Nevada, Mississippi, Georgia, Arizona, Arizona , Georgia, Michigan, Alabama, Virginia, Detroit, Wisconsin, Racine, Pennsylvania , Michigan, North Carolina, of North Carolina, Nebraska
Trump launched an extraordinary spat with Labour on Wednesday, claiming through a lawyer they had been interfering in the election. But this week’s spat throws renewed scrutiny on the complicated and delicate “Special Relationship” between Britain and America. ‘We’re in a different world’The Trump campaign’s broadside against the Labour Party stunned Westminster this week. But unlike President Joe Biden, Harris’ political career has not been built around foreign policy. It would come down to (Starmer) and to the Labour Party, whether they want it or not.”
Persons: London CNN —, Kamala Harris, Labour’s Keir Starmer, Harris, ” Claire Ainsley, ” Ainsley, Donald Trump, Trump, ” Ed Owen, , Nigel Farage, Liz Truss, Amanda Andrade, Rhoades, Reuters “, , Truss, Trump –, “ Harris, Keir, Josh Simons, Josh Freed, Starmer, , Mike Tapp, ” Simons, Joe Biden, “ She’s, Biden, ” Starmer, Ainsley, ” Ricky Vigil, Owen, ” Tapp, admiringly, Queen Elizabeth II, Freed, Germany’s Olaf Scholz, Australia’s Anthony Albanese, France’s Emmanuel Macron, ” Freed Organizations: London CNN, CNN, Labour, Progressive, Institute, Democratic, Democratic National Convention, NATO, Home Office, Foreign, Trump, Labour Party, Westminster, Conservative Political, Reuters, Republican National Convention, Climate, Democrat, “ Labour, Conservatives, Conservative, Kyiv Locations: Britain, London, Ukraine, America, Maryland, British, Washington, DC, Westminster Westminster, Israel, populists, Russia, United Kingdom
EV supporters point to dozens of new EV and battery plants announced in Michigan in the last two years. Political strategists told Business Insider that the anti-EV messaging was drowning out positive ones in Michigan, putting Democrats on the defensive in a critical battleground. "We've run some advertising trying to make the massive surge of new EV manufacturing at jobs in Michigan famous, because nobody knows about them," Murphy said. But that analysis didn't account for jobs created by new EV and battery manufacturing plants popping up across the country. Democrats are hitting back on Republicans' EV attacks, arguing that the US has to build its own domestic EV manufacturing base to compete with China.
Persons: , Donald Trump, Mike Rogers, Kamala Harris, EVs, they've, Mike Murphy, Murphy, Biden, Murphy's, Rogers, Harris, Shawn Fain, Trump, Sen, JD Vance, Fain, POLITICO's, Elissa Slotkin Organizations: EV, Service, Michigan Republican, Senate, Trump, Republicans, Biden, Environmental Protection Agency, Washington Post, Policy Institute, United Auto Workers, E News, Republican National Committee, Democratic, Rogers Locations: Michigan, China, North Carolina, Georgia, Europe, South America
Consistent with U.S. policy, Harris has also declined to say whether she would use military force to defend Taiwan. Instead she emphasizes the importance of military communications with China and supporting Taiwan’s ability to defend itself. Tariff talkThough Trump talks far more about China on the campaign trail than Harris does, neither of them have said much about how they would manage ties with Beijing. Biden has maintained and in some cases expanded tariffs on Chinese imports that Trump introduced as president, citing national security concerns. If she wins, Harris is expected to continue Biden’s targeted tariffs and restrictions on key Chinese tech sectors.
Persons: Trump, Xi, Harris, Biden, Wu Xinbo, Organizations: Washington, Wall Street, United States ’, Beijing, Trump, Peterson Institute for International Economics, Center for American Studies, Fudan University, , Asia Society Policy Institute Locations: Taiwan, China, Ukraine, Washington, Asia, Shanghai, U.S
Karnal, India CNN —The sun blisters the arid ground in Karnal, a district in India’s northern Haryana state, where empty houses stand testament to an acute problem that’s driving some residents to take unimaginable risks. Ankit Chaudhary says he paid an agent to help him take the 'donkey route' into the US but lost his money. His account matched that of another smuggling agent CNN spoke to in Haryana. But even if Trump wins the November election, smugglers CNN spoke to in India predict an eventual revival of the “donkey” route. “In my opinion the donkey route will never completely stop,” said the first agent.
Persons: , Ankit Chaudhary, ” Chaudhary, Narendra Modi, “ Viskit, ” Modi, , Bharat, Chaudhary, Rajeev Kumar, Malkeet, ” Kumar, Young, Muzaffar Chishti, ” Chishti, ” Ankush Malik, Malik, They’ve, Chishti, , , Frederic J . Brown, CNN's Ivan Watson he's, Trump, we’re, ” Trump, Kamala Harris, Gary Coronado, ’ Kumar, Kumar Organizations: India CNN, USA, CNN, US, Pew, India’s Ministry of Labour, Employment, Panama City, International Labour Organization, Migration, Institute, Biden, YouTube, Customs, Border Protection, Justice Department, Biden Administration, Border Patrol, Migrants, Getty, White, Democratic, Trump, Immigrants, Border, Los Angeles Times, El Locations: Karnal, India, India’s, Haryana, United States, Latin America, Mexico, El Salvador, Mator, Kaithal, New Delhi, Dubai, Almaty, Kazakhstan, Turkey, Istanbul, Panama, San Salvador, Guatemala, New York, Qatar, Amsterdam, Springs , California, AFP, San Diego, South Asia, September’s
A mid-October poll by The Associated Press measured which of the two candidates voters trust on a variety of economic issues. Harris’ campaign declined to say where she wants to set the federal minimum wage, which is currently $7.25 per hour. Former President Donald Trump answers questions as he works the drive-thru line at a McDonald's on Oct. 20 in Feasterville-Trevose, Pa. “Donald Trump is running on a middle-class tax hike, Kamala Harris is running on a middle-class tax cut,” Harris campaign spokesperson James Singer said. “Working families like rank-and-file Teamsters overwhelmingly support President Trump because only he will Make America Wealthy, Strong, and Great Again.”
Persons: Donald Trump’s, Kamala Harris, Harris, Trump, , Kent Smetters, Sen, Chris Caldwell, Harris ’, Smetters, , hasn’t, Joe Biden, Donald Trump, Win McNamee, “ Donald Trump, ” Harris, James Singer, , Anna Kelly Organizations: Biden, Tufts University, Trump, University of Pennsylvania’s Wharton School, Daily, Wharton, Democratic, The Associated Press, Voters, Bureau of Labor Statistics, Economic, Institute, Republican National, Teamsters, America Locations: Pennsylvania, McDonald’s, Las Vegas, U.S, Arizona, Feasterville, Pa, China, Communist
Experts noted then, as they note today, that high costs and complex logistics make mass deportation more complicated than campaign promises suggest. Immigrants deported from the United States arrive in Guatemala City on an ICE deportation flight on February 9, 2017. John Moore/Getty ImagesSo what would deporting the millions of undocumented immigrants living in the United States cost? The organization also argues that mass deportation would make more jobs available for Americans. The economic impact of mass deportation, he says, would amount to “utter disaster.”“We Americans, we, the country, we, in our communities, would be significantly damaged,” he says.
Persons: Donald Trump, he’ll, he’s, Trump, they’ve, Tom Homan, Stephen Miller, JD Vance, he’d, Biden, , John Sandweg, Obama, ” Trump, wasn’t Trump, “ It’s, Laura Collins, George W, Sandweg, John Moore, Collins, Miller, Jason Houser, , Houser, “ That’s, ” Collins, , you’re, ” Sandweg, they’re, ” Houser, it’s, “ They’re, who’d, , Lisa Sherman Luna, Saul Young, Michael Ettlinger, Zeke Hernandez, Hernandez, that’s Organizations: CNN, Republican National Convention, Customs, Trump, Migration, ICE, Bush Presidential, Immigrants, American Action, American Immigration, Pew Research Center, of Homeland Security, Syracuse University, Department of Homeland Security, Migration Policy, MPI, Pew Research, Tennessee, Refugee Rights Coalition, Community, Knoxville News Sentinel, USA, Carsey School of Public, University of New, Taxation, University of Pennsylvania’s Wharton School, Federation for American Immigration Reform Locations: United States, United, Guatemala City, China, Cuba, India, Russia, Venezuela, Mississippi, Tennessee, Morristown , Tennessee, University of New Hampshire
Jackson Hole, Wyoming, is a luxury enclave for some of America's wealthiest. I visited Jackson Hole for the first time to find out why the rich live and vacation there. I'm talking about the wealthy enclave of Jackson Hole in Teton County, Wyoming — one of the richest counties in the US. Jackson Hole has long been a billionaire hideout and the city with the most unequal income in the US. AdvertisementA-listers from Kanye West and the Kardashians to Sandra Bullock and Harrison Ford have bought property in Jackson Hole.
Persons: Jackson, , Sandra Bullock, Harrison Ford Organizations: Service, Economic Policy Institute, Kanye Locations: , Wyoming, America, Jackson, Teton County , Wyoming
Insider Today: America's billionaire hub
  + stars: | 2024-10-19 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +6 min
This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. European manufacturers are trying to claw back some of the market share of electric vehicles from their Chinese competitors. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.
Persons: , Siri, James Bond, Tom Carter, Ram, Fiat —, Leapmotor, Carlos Tavares, Joey Hadden, Jackson, It's, BI's Joey Hadden, Taylor, Chelsea Jia Feng, Taylor Swift, Swift, she'll, Konrad Krajewski, Uber, Priyanka Rajput, Troy Aikman, Anna Kendrick, Jason Segel, Harrison Ford, Peacock, Elisabeth Finch, Rebecca Zisser, We've, grout, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Getty, BYD's, Paris, European Union, Jeep, Fiat, Economic Policy Institute, Target, BI, NFL, Apple, Netflix Locations: London, China, Jackson Hole , Wyoming, York City, Manhattan, LaGuardia, ozina, caked, Patagonia, New York City, New York, Chicago
At a town hall hosted at a high school outside Philadelphia, Musk referred to the false conspiracy theory that Dominion Voting Systems was part of a plot to rig U.S. elections in recent years. There’s always this question of, say, the Dominion voting machines. Fact: Hand counts and audits of such paper ballots have repeatedly proven that Dominion machines produce accurate results. Studies and investigations have found that there’s no evidence of widespread voter fraud in the U.S. When voter fraud has occurred, prosecutors have successfully brought cases against perpetrators including in a highly publicized fraud scheme in North Carolina.
Persons: Elon Musk, Donald Trump’s, Musk, , Anna Moneymaker, Trump, ” Musk, Democratic megadonor George Soros, Kamala Harris, Emma Barnett, Ben Goggin, Kat Tenbarge Organizations: , Systems, Dominion, Brennan Center for Justice, Fox News, SpaceX, Tesla, Ridley High School, Philadelphia Fox, Trump, Trump America PAC, FBI, Democratic megadonor Locations: FOLSOM, Pa, Pennsylvania, Philadelphia, Maricopa County, Arizona, Philadelphia County, Folsom, Butler , Pennsylvania, U.S, North Carolina, Mexico, “ Pennsylvania, America, New York City
"Since 2014, 12 states have passed minimum wage increases through ballot measures," Martinez Hickey told CNBC. Meanwhile, voters in Arizona will decide on a ballot measure that would lower the minimum wage for tipped workers. Here's what's at stake for workers who make the minimum wage, and the employers who pay them, in next month's election. 1 would raise the minimum wage to $13 in 2025, and to $14 in 2026. Question 5 in Massachusetts would slowly phase out its tipped minimum wage of $6.75 per hour, until it eventually matches the state's standard minimum wage by 2029.
Persons: Lucy Nicholson, Sebastian Martinez Hickey, Martinez Hickey, Here's, erick Pasquier, Joelle, Hall, Kati Capozzi, Capozzi, Richard von Glahn Organizations: California Labor, Reuters, Economic, Institute, CNBC, Alaska AFL, Alaska Chamber, Healthy Families, San Francisco, LAO, Massachusetts Institute of Technology Locations: Alaska , Missouri, California, Arizona, Alaska, United States, Bering Sea, Missouri, North America, U.S, Massachusetts Institute of Technology . Massachusetts, Massachusetts
Texas' economy is growing faster than California's as it woos big companies and new residents. But some Texas residents are feeling increasingly fed up and priced out of the state. That figure is even stronger for the fourth quarter of 2023, which saw Texas' GDP grow at an annual rate of 5% — a jump that Texas Gov. Its $3.9 trillion GDP accounts for 14% of the national GDP, according to the report. Some Texas residents are less happyAs Texas' economy soars, some residents are feeling increasingly fed up and priced out.
Persons: , Greg Abbott, California's, Tesla, Charles Schwab, Abbott, Elon Musk, CBRE, Jennifer Sor, Austin Organizations: Service, Lone Star, Public, Institute of California, Public Policy Institute, Texas Gov, Bureau, Oracle, State for, Chevron, Gov, Fortune, Texas, Nvidia, Golden State, Bureau of Labor Statistics, Texas realtors, BI Locations: Texas, While California, California, , Texas, State for Texas, Palo Alto , California, Austin, Dallas, Fort Worth, Arlington
SpaceX has sued the California Coastal Commission. Legal experts said Musk will need to prove the commission would have granted the flights, if not for Musk's politics. In the lawsuit, filed in the US District Court for the Central District of California, Musk's SpaceX accused the commission of '"unconstitutional overreach" after members criticized his political leanings during a meeting about whether to approve more frequent SpaceX launches off the California coastline. "But if a court concludes that it's more likely than not that the result would have been different but for Musk's speech, then there would be a violation," said Volokh. AdvertisementNeither SpaceX nor the California Coastal Commission immediately responded to requests for comment from Business Insider.
Persons: , Elon Musk, Gretchen Newsom, Musk, Caryl Hart, Eugene Volokh, David Driesen, Driesen, Volokh, Sarah Kreps, Kreps Organizations: SpaceX, California Coastal Commission, Service, Court, Central, Central District of, US Space Force, Vandenberg Space Force, UCLA, Hoover Institution, Stanford University, Syracuse University, Tech, Institute, Cornell University, California Coastal, Business Locations: California, Central District, Central District of California
Asked about the note, Trump campaign press secretary Karoline Leavitt did not deny that Lighthizer has been meeting with investors. But she cautioned, "No policy should be deemed official unless it comes from President Trump directly." Lighthizer is advising Trump's presidential campaign on economic issues, according to Inside U.S. Trade. Lighthizer is also a director of Trump Media, the publicly traded social media company that is majority owned by the former president. Lighthizer's reported conversations, and his apparent influence with Trump, both underscore how central tariffs are to carrying out Trump's overall economic vision.
Persons: Robert Lighthizer, Donald Trump, Donald Trump's, Wall, Piper Sandler, We've, Trump, Karoline Leavitt, Lighthizer, Trump's, AFPI, Lighthizer's, Kamala Harris, Anna Kelly, Harris, Joe Biden, Kelly Organizations: Republican, Trade, CNBC, U.S, Trump Cabinet, Center for American Trade, Trump, America, Policy, Trump Media, Democratic, Republican National Locations: York , Pennsylvania, Washington
With the economy top of mind for many voters, tax policy will be significant in the election. Trump's proposals include eliminating taxes on tips and overtime, extending the 2017 tax cuts for individuals, implementing higher tariffs on imported goods, and reducing the corporate tax rate. Meanwhile, the Tax Policy Center has found that the policies would bring down post-tax incomes by $1,800 in 2025. Joe Hughes, a senior analyst on federal tax policy at ITEP, previously told BI that high-wage workers could take advantage of Trump's proposals to make more money. Ultimately, though, any tax proposals would need buy-in from the House and Senate.
Persons: Donald Trump, , everybody's, ITEP, Ernie Tedeschi, Trump's, Matthew Gardner, Gardner, Trump, Casey B, Mulligan, Joe Hughes, Hughes, Brian Hughes Organizations: Service, Taxation, Yale Budget Lab, White House Council, Economic Advisers, IRS, American Progress, Trump, Policy Institute, Washington Post, Trump campaign's, Democratic, Senate Locations: ITEP
Officials are urging people to stop spreading misinformation amid Hurricane Helene recovery efforts. Both Republicans and Democrats have called out misinformation and false rumors. Donald Trump and Elon Musk have amplified false claims. AdvertisementAs rescue workers respond to the destruction in North Carolina after Hurricane Helene, government officials on both sides of the aisle are calling for a misinformation cease-fire. Republicans have also joined the fight against the false information.
Persons: Helene, Donald Trump, Elon Musk, , Hurricane Helene, Joe Biden, Musk, Pete Buttigieg, Buttigieg, Trump, Biden, Kamala Harris, Alejandro Mayorkas, Roy Cooper, Kevin Corbin, Corbin, Chris Carlson, Sen, Thom Tillis, Margaret Brennan, Tillis, I've, Panditharatne, that's, X Organizations: Republicans, Democrats, Elon, Service, Carolinas, Federal Emergency Management Agency, FEMA, Brennan Center for Justice, New York University's School of Law, Transportation, Federal Aviation Administration, Washington Post, of Homeland, Post, Department of Public Safety, Democratic Gov, Republican, North Carolina Senate, Facebook, AP, CBS Locations: North Carolina, Hurricane, Florida, New, Asheville, North, Antarctica
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