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George Santos ends congressional run less than 2 months into independent campaign
Former congressman George Santos announced Tuesday he is suspending his independent commission against Republican Rep. Nick LaLota for New York's 1st congressional distict.
foxnews.com
An SUV was in flames on the highway. Strangers saved the driver.
“It was people risking their life to save another,” rescuer Kadir Tolla said.
washingtonpost.com
The Supreme Court could reset homelessness policy in California
The justices parse the rights and humanity of homeless people in a potentially far-reaching case, plus more from Opinion.
latimes.com
Shōgun’s Creators on That Ambiguous, Audacious Ending
Toranaga and Blackthorne turn toward a new life—and a new world.
slate.com
Trump’s team keeps promising to increase inflation
Trump speaks at an event in Pennsylvania on April 13. | Andrew Harnik/Getty Images Voters trust Trump to lower prices, even as his advisers put forward plans for increasing Americans’ cost of living. Donald Trump is currently leading the 2024 presidential race, in no small part because voters trust him to combat inflation. This is a bit strange since Trump has for months now been advertising plans to drastically increase consumer prices. Over the weekend, an NBC News poll found Trump leading Biden nationally by a 46 to 44 percent margin. Yet on the question of which candidate would better handle inflation and the cost of living, the Republican led the Democrat by a whopping 22 points. Trump’s landslide lead on price management is significant, since inflation was the poll’s single most commonly cited “critical issue” facing the United States. Unfortunately, Trump does not actually have a bulletproof plan for making Big Macs cheap again. To the contrary, the Republican and his advisers have developed an economic agenda that amounts to a recipe for turbocharging inflation. The claim that Trump’s policies would increase prices does not rest on a debatable interpretation of their indirect effects. Rather, some of the president’s proposals would directly increase American consumers’ costs by design. Here is a quick primer on the likely GOP nominee’s four-point plan for making your life less affordable: Step 1: Reduce the value of the U.S. dollar In the years since the Covid crisis, inflation has plagued consumers all across the wealthy world. Americans, though, have one advantage over their peers abroad: Their nation’s currency is relatively strong. The US economy is growing at nearly twice the pace of other major rich countries without suffering substantially higher inflation. Nevertheless, the Federal Reserve has kept America’s interest rates elevated. Taken together, these two realities increase demand for the dollar: Foreign investors want to place their capital in countries that are growing fast and/or that are offering high, low-risk returns on their sovereign debt. America is currently doing both. Thus, many investors abroad are swapping their local currencies for greenbacks, thereby bidding up the dollar’s value. As a result, Americans’ paychecks are going a bit farther, as a strong dollar makes imported goods cheaper for them. But Trump’s advisers want to change this. According to Politico, the former president’s policy aides are “ actively debating ways to devalue the U.S. dollar if he’s elected to a second term.” Their rationale is not hard to understand. Although a strong dollar is good for US consumers, it’s not great for US exporters, as it renders their goods more expensive to potential customers abroad. And since Trump and his former trade representative, Robert Lighthizer, have long sought to boost American manufacturing and shrink the trade deficit, they’re prepared to privilege the interests of the nation’s producers over those of its consumers. Lighthizer reportedly hopes to coerce other nations into strengthening the value of their currencies by threatening to impose tariffs on their exports if they don’t comply. Trump’s advisers are also mulling ways to weaken the dollar without foreign cooperation, according to Politico. Reasonable people can disagree about whether the US dollar is currently too strong. Plenty of analysts on both the right and left believe that America has a national interest in sustaining and growing its domestic production capacities. And all else being equal, a strong dollar does hurt American manufacturing. On the other hand, only about 8.6 percent of US workers are employed in the manufacturing sector, which suggests that a large majority of Americans have a stronger immediate interest in affordable imports than competitive exports. Further, there’s reason to believe that the Trump team’s plans would backfire, as many foreign governments would retaliate against tariffs and dollar devaluation by imposing duties on US-made goods and seeking to weaken their own currencies. Yet even if one supports Lighthizer’s priorities and proposals, an inescapable fact remains: A plan to devalue the dollar is — quite literally — a plan to make products more expensive for American consumers. And this isn’t the Trump team’s only proposal for directly increasing your household’s costs. Step 2: Apply a 10 percent tariff on all foreign imports To further boost American manufacturing, Trump and his aides are considering the imposition of a 10 percent tariff on all foreign imports. In practice, this would almost certainly mean that US consumers would pay roughly 10 percent more on all the foreign-made cars, electronics, toys, and other goods that they purchase. In theory, it is possible for the burdens of a tariff to fall entirely on foreign producers rather than domestic consumers. If a tariff applies only to raw commodities (such as soybeans or wheat) produced in a single country, then exporters in that country might slash their prices in response. This is because lots of countries export raw commodities, so a targeted producer would likely lose market share in the US unless they offset the impact of the tariff with a price cut. In that scenario, American consumers wouldn’t pay much higher prices for imports, but the targeted foreign producer would be forced to accept smaller profit margins. This is not how a universal tariff would work. Americans import a lot more than raw commodities. And the country cannot currently produce all the goods and production inputs that the economy requires, let alone produce them as cheaply as foreign firms do. Producers of specialty products such as advanced semiconductors will know that American consumers have nowhere else to turn. They therefore will feel little pressure to cut their prices. According to multiple studies, when Trump imposed tariffs on specialty Chinese goods such as silk embroidery, US consumers paid roughly 100 percent of the costs. Meanwhile, sheltered from foreign competition by tariffs, US manufacturers would be able to raise their prices considerably without risking a loss of customers. The result of all this would be a dramatic increase in consumer prices. This said, precisely because Trump’s universal tariff would function as a 10 percent sales tax on all foreign goods, it would somewhat reduce consumer demand. Make products less affordable for Americans and they will be forced to buy fewer of them. As consumers reduce their purchases, inflation could theoretically slow. But don’t worry, Trump’s comprehensive (if unintentional) plan for juicing inflation accounts for this possibility. Step 3: Enact massive, deficit-financed tax cuts The Republican Party’s number one fiscal priority in 2025 will be extending the Trump tax cuts. Many provisions of the former president’s 2017 tax package are set to expire at the end of next year. Merely preserving those policies will increase the federal deficit by $3.3 trillion over the next decade, according to the Committee for a Responsible Federal Budget (CRFB). But Trump is not satisfied with merely maintaining America’s current tax rates. Rather, his team hopes to further reduce the corporate rate from 21 percent to as low as 15 percent. That would further swell the deficit by $522 billion, under conventional assumptions, according to the Tax Foundation, a conservative think tank. The president also hopes to enact a large middle-class tax cut, according to a recent report from Reuters. Specifically, Trump and his advisers are considering a cut to the federal payroll tax and/or a reduction in marginal income tax rates for middle-class households. Since the scale of these cuts has not been specified, it is impossible to say how much they would cost in fiscal terms. Since America’s middle class is large, any substantial reduction in its tax burden would be very expensive in fiscal terms. At first brush, a middle-class tax cut might seem like it would make life more affordable for Americans, at least in the short term. This would be true if such a policy came with no risk of triggering a resurgence of inflation, but unfortunately, it would entail precisely that hazard. If you increase Americans’ post-tax incomes by hundreds of billions of dollars, they will suddenly be able to dramatically boost their purchases of goods and services. If the economy’s capacity to produce goods and services does not increase at the same pace, then demand will outrun supply and consumers will bid up prices. Theoretically, Republicans could enact non-inflationary, multitrillion-dollar tax cuts without sparking inflation, but this would require offsetting the fiscal impacts of tax cuts with spending reductions. The combination of extending the 2017 tax cuts and slashing the corporate rate to 15 percent would cost nearly $4 trillion in foregone revenue. Tacking on a large middle-class tax cut could easily bring that sum total north of $6 trillion. During both the Trump and George W. Bush presidencies, congressional Republicans ultimately didn’t have the stomach to enact spending cuts anywhere near that large. Critically, offsetting the inflationary impact of tax cuts in 2025 and 2026 would require slashing spending immediately, not years down the line. Republicans have no appetite for cutting Medicare and Social Security benefits for existing beneficiaries. And coming up with $6 trillion in spending reductions without tackling entitlements would require gutting all manner of popular social programs. The path of least resistance would therefore be to deficit-finance the bulk of Trump’s tax cuts. This would likely lead to faster price growth and more interest rate hikes from the Federal Reserve. Granted, if Republicans somehow found a way to rapidly increase the US economy’s productive capacity, then their tax cuts would be less inflationary and the typical American might come out ahead (at least, until the consequences of gutting future funding for Medicare and Social Security caught up with them). But Trump’s team plans to do the opposite. The final plank in their pro-inflation agenda involves abruptly shrinking the supply side of the US economy. Step 4: Shrink the American labor force As the New York Times reported in November, Trump and former White House adviser Stephen Miller have hatched plans to deport millions of undocumented immigrants during his second term in office, even without Congress’s cooperation. Currently, due process rights constrain the government’s ability to deport undocumented immigrants en masse. But Miller and Trump believe they can scale back those rights under existing executive authorities. They intend to make all undocumented immigrants who’ve been in the country for less than two years subject to expedited removal. In other words, the government would be empowered to remove such immigrants without first giving them an opportunity to challenge their deportations at a legal hearing. Current law makes it more difficult to summarily expel longtime US residents, but Trump’s team thinks it can force millions of them out of the country anyway. First, they would scale up raids of workplaces and other areas where undocumented immigrants are believed to be present. Then, they would condemn the captured immigrants to indefinite detention in federal camps. These detainees would still have the right to contest their deportations in court but they would need to wait out that often years-long legal process in confinement. Miller reportedly bets that most will choose to leave the country instead of tolerating de facto incarceration. In my estimation, there are strong moral reasons to oppose these policies. But even Americans who have no empathy for their undocumented compatriots have economic incentives to oppose mass deportation. As scholars at the Brookings Institution noted last fall, the upsurge in immigration since the pandemic is one major reason why the US managed to bring inflation down without suffering a recession: Foreign-born workers increased the economy’s productive capacity, helping supply to catch up with rising consumer demand. Conversely, if America abruptly deported all undocumented workers, labor shortages would devastate myriad industries, from housing to agriculture to the care economy, and prices would soar. Some Americans might consider such labor shortages beneficial. After all, when labor is scarce, workers can demand higher wages. But there are more undocumented workers in the United States than unemployed ones. Purging America of the former would not leave the US with the same economy with higher wages for the native-born. Rather, it would leave the country with a smaller economy, where millions of existing jobs simply would not get done. When you slash the agricultural labor force, food gets scarce and thus expensive. The same principle holds for construction, hospitality, leisure, or health care. Put all of this together and you have a recipe for making the inflation rate 9 percent again: Slash the dollar’s value, insulate US producers from competition, juice demand with tax cuts, and then throttle supply with mass deportation, and prices are bound to soar. Unfortunately, Trump’s proposals and their economic consequences appear to be largely lost on the American electorate, possibly because neither have attracted much media attention. If that does not change between now and November, the country could pay a heavy price.
vox.com
Borrowers, don’t miss this important student loan forgiveness deadline
Some people carrying education debt may qualify for credit or forgiveness of their loan through a Department of Education initiative. Here’s what you need to know.
washingtonpost.com
Harry, Meghan felt wedding gift Frogmore Cottage ‘would always be there for them’ before eviction
The Duke and Duchess of Sussex were gifted the home by the late Queen Elizabeth II as a wedding present in 2018.
nypost.com
Everything You Need to Know About What’s Next in Trump’s Trial
Curtis Means/ReutersDonald Trump’s criminal trial in Manhattan will be on hiatus Wednesday as Judge Juan Merchan takes the day to work on other cases—which is probably just as well, as it gives the public a chance to digest some of the most explosive claims made so far in the first trial ever of a former U.S. president. After just two days of testimony, prosecutors have already asked the judge to hold Trump in contempt for violating a gag order with a series of social media posts. While the judge has held off on ruling so far, he tore into Trump’s lead lawyer Tuesday in a scene that may spell trouble for the former president’s defense, telling attorney Todd Blanche: “Mr Blanche, you’re losing all credibility, I have to tell you right now.”When the trial resumes Thursday, we’ll be getting more from David Pecker, the former publisher of the National Enquirer. Pecker, the CEO of American Media Inc. during the 2016 presidential election, was grilled for around two-and-a-half hours on Tuesday about how he offered to act as Trump’s “eyes and ears” during the Republican’s campaign, using his tabloids to buy the exclusive rights to potentially damaging stories about Trump in an effort to make sure they never saw the light of day—a practice known as “catch and kill.”Read more at The Daily Beast.
thedailybeast.com
Pelosi calls on Netanyahu to resign, condemns him as 'obstacle' to peace
Rep. Nancy Pelosi laid into Israeli Prime Minister Benjamin Netanyahu this week, condemning his campaign in Gaza and calling on him to resign.
foxnews.com
Tom Brady shares 'biggest problem' with younger generation: 'It's all about them'
NFL legendary quarterback Tom Brady has a bone to pick with the younger generation, saying they believe it is "all about them" when he would rather see a team mentality.
foxnews.com
Mexico is the 'champion' of fentanyl production, head of country's detective service says
The head of Mexico's detective service has acknowledged the country is “the champion" of fentanyl production. The country's president has long denied this claim.
foxnews.com
German lawmaker to dismiss assistant arrested for alleged Chinese espionage, continue election bid
Maximilian Krah, a far-right lawmaker in Germany, has announced plans to dismiss his assistant, Jian Guo, who was arrested on suspicion of spying for China.
foxnews.com
‘Big Scandal’ Behind Russian Deputy Defense Minister’s Arrest
Moscow City Court Press Office/Handout via Reuters Russia’s deputy defense minister was arrested Wednesday just hours after attending a meeting of top military brass, according to federal investigators. Timur Ivanov is officially charged with accepting a massive bribe—but some sources say that’s just for show.“The bribe–that’s for the public. So far they don’t want to talk publicly about treason, it’s a big scandal. After all, it’s the deputy minister of defense,” one unnamed source close to the Federal Security Service told the independent Russian news outlet iStories.Read more at The Daily Beast.
thedailybeast.com
Breanna Stewart remains patient on WNBA salary overhaul: 'Not something that's going to change overnight'
New York Liberty star Breanna Stewart is taking the patient approach when it comes to WNBA players' salaries, but she he is also hopeful a "turning point" will soon be reached.
foxnews.com
Donald Trump's Gag Order Violations May Require Prison Time: Attorney
Joyce Vance suggested that if the former president continues to breach his gag order he could see "custodial time."
newsweek.com
North Korea Throws Down Gauntlet to US and Allies
Kim Jong Un could attempt a limited conflict to extract concessions from the U.S. in a presidential election year, experts believe.
newsweek.com
Moldova Clamps Down After Russian Moves
Moldovan police seized over $ 1 million from a new Kremlin-aligned political bloc in the former Soviet country.
newsweek.com
Biden mocked for admitting 'we can't be trusted' in latest gaffe: 'Agreed, Joe'
President Biden accidentally suggested that his administration, rather than Donald Trump, can’t be trusted during a rally in Tampa, Florida, on Tuesday.
foxnews.com
Australian police arrest 7 alleged teen extremists linked to stabbing of a bishop in a Sydney church
A 16-year-old was charged on Friday with committing a terrorist act, a crime that carries a maximum penalty of life in prison, following the knife attack in which an Assyrian Orthodox bishop and priest were injured.
nypost.com
Stephen King's Donald Trump Trial Remark Goes Viral
The popular horror author joined the Democratic Party in 1970 and has been an outspoken critic of Donald Trump for years.
newsweek.com
Jack Smith 'Hypothetical' Could Turn Trump Immunity Claim Against SCOTUS
Former federal prosecutor Joyce Vance suggests presidents could order "assassination of Supreme Court Justices" under absolute immunity.
newsweek.com
Anti-Israel campus protests are spreading: California, Texas brace after activists overrun Columbia, Yale
Activist groups inspired by anti-Israel protests at Columbia University, UC Berkeley, and Yale, are looking to lead their own resistance movements at schools in California, Texas and Maryland.
1 h
foxnews.com
Roseanne Barr's Joe Biden Remarks Spark Fury
"I realized that 26 years ago Joe Biden raped me right here in that dressing room," Barr mocks in her video, sparking a backlash.
1 h
newsweek.com
Amid Boeing safety probe, clock ticks on effort to disclose details of 2021 DOJ deal
Families of crash victims are set to meet with prosecutors on Wednesday.
1 h
abcnews.go.com
Horses Run Loose Through Central London in Surreal Spectacle
A number of runaway army horses galloped through London on Wednesday morning, causing alarm and injuring pedestrians. All were eventually recovered.
1 h
nytimes.com
What a TikTok Ban Could Actually Mean, and More
Plus, clashes over Donald Trump’s gag order.
1 h
nytimes.com
Amazon's Prime Video and Netflix are crashing TV's ad-selling party
The streaming services will be looking for a larger share of the $27-billion pot for commercial time in the 2024-25 TV season.
1 h
latimes.com
How the Baltimore bridge collapse upended a D.C. coffee chain’s business
Compass Coffee previously imported beans and other supplies through the Port of Baltimore.
1 h
washingtonpost.com
New law promises retail workers in unincorporated L.A. County 'fair workweek'
L.A. County Supervisors voted for a 'fair workweek' ordinance, requiring retailers and grocers to tell workers their schedules two weeks in advance
1 h
latimes.com
Sam Farmer's final 2024 NFL mock draft: Quarterbacks 1-2-3 after big trade?
L.A. Times NFL writer Sam Farmer predicts quarterbacks will be taken 1-2-3 atop the draft Thursday after a surprise trade happens in the third spot.
1 h
latimes.com
California law requires police to fix these bad policies. So why haven't they?
Law enforcement is supposed to use science-based procedures for witness identification and lineups. But many agencies continue practices that can lead to wrongful convictions.
1 h
latimes.com
AI-powered cameras installed on Metro buses to ticket illegally parked cars
The technology from Hayden AI will help the ticketing process of vehicles parked in Metro bus lanes and at bus stops.
1 h
latimes.com
Letters to the Editor: Columbine was 25 years ago. When will we finally amend the 2nd Amendment?
It's an abomination that this long after the Columbine massacre, gun violence is the leading cause of death for American children and teens.
1 h
latimes.com
Letters to the Editor: Get used to more DIY houses in L.A. built by homeless people
A colorful shelter next to the 110 Freeway in Highland Park brings to mind the favelas of Rio de Janeiro. Expect more of this if we fail on homelessness.
1 h
latimes.com
'We will not move.' Pro-Palestinian encampments, protests grow at California universities
Encampments and protests took place at UC Berkeley and Cal Poly Humboldt, and plans were shaping up for more pro-Palestinian protests at California colleges and universities.
1 h
latimes.com
Doris Kearns Goodwin and husband Dick Goodwin lived, observed, created and chronicled the 1960s
A mix of history, memoir and biography, this book reflects on how time, perspective and stories left unwritten can shape our view of the past.
1 h
latimes.com
Starting with his favorite cheesesteak haunt, Kobe Bryant's spirit is all over Philadelphia
After dropping off luggage at my hotel, I hit my first stop: Larry’s Steaks, a sandwich shop in the Wynnefield neighborhood that makes Bryant’s favorite Philly cheesesteak.
1 h
latimes.com
Letters to the Editor: We don't need another O.J. circus. No cameras at Trump's trial is the right call
A former California court employee says keeping cameras out of Trump's New York trial is the right call.
1 h
latimes.com
Should property owners be able to sue cities over homelessness? Arizona voters will decide
Arizona voters will decide on a ballot measure in November that could mean tax refunds for property owners if cities fail to tackle homeless encampments.
1 h
latimes.com
New head of LADWP will make $750,000 a year — nearly twice as much as her predecessor
The DWP panel backed a $750,000 salary for proposed General Manager Janisse Quiñones, far higher than the $447,000 earned by the current manager.
1 h
latimes.com
Omar's daughter decries 'hypocrisy,' says anti-Israel students are '100% targeted' after suspension and arrest
After being arrested and suspended, Isra Hirsi complained counter protesters haven't been given the same sanctions and "disciplinary warnings" as anti-Israel agitators.
1 h
foxnews.com
Jack Carr's take on the events of April 24, 1980, nearly 6 months into the Iran hostage crisis
Jack Carr, bestselling author and former Navy SEAL task unit commander and sniper, recounts the events of April 24, 1980, nearly 6 months into the Iran hostage crisis — and why "there is more to it."
1 h
foxnews.com
These are the California cities where $150,000 still buys you a home. Would you live here?
Amid California's housing crisis, some small communities persist with property values well below the statewide norm.
1 h
latimes.com
Why Disney is doubling down on theme parks with a $60-billion plan
Disney's nearly $2-billion expansion plan for Disneyland highlights the importance of the company's theme parks for its bottom line.
1 h
latimes.com
6 ways to make a small bathroom look and feel larger
Even if you can’t knock down walls to build your dream bathroom, designers say it’s possible to create the illusion of more space.
1 h
washingtonpost.com
The first big-rig hydrogen fuel station in the U.S. opens in California
The Port of Oakland is home to the United States' first commercial hydrogen fuel station for big-rig trucks. It's a step on the road to cleaner trucking.
1 h
latimes.com
As taxpayers tire of handouts to billionaires, Major League Baseball demands public funding for a Vegas stadium
The public funding for a baseball stadium in Las Vegas faces a public backlash--with good reason
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latimes.com
Shattering meatball expectations, coastal Mexico does shrimp albóndigas right
For a better meatless meatball, look to coastal Mexico, where you can find brighter variations made with seafood. This version is served in a tomato-y broth with lots of fresh cilantro.
1 h
latimes.com