Economic

New York’s $600 Million Bills Stadium Deal Bad Investment for Taxpayers

A few years ago, the Buffalo Bills threatened to leave New York State unless a new stadium deal was secured. This kind of relocation bluff is common in the NFL, with only the Green Bay Packers standing out as a team with a municipally owned facility and a market too small to seriously consider relocation. Despite the ever-present threat of the Bills moving to a more lucrative market, Democrat Governor Kathy Hochul ultimately signed a deal providing $600 million in state funding for a new $2.1 billion stadium for the Bills, with Erie County contributing an additional $250 million. This was after team owner Terry Pegula threatened to move the franchise to Austin, Texas, where he would privately finance a stadium.

California Lost 156,300 Jobs in 2024, Contradicting Newsom’s Claims of Economic Growth

California lost 156,300 jobs in the first half of 2024, according to the latest federal quarterly payroll data, contradicting Governor Gavin Newsom’s optimistic claims about job growth in the state. While Newsom’s office had highlighted preliminary job survey data, which often overestimates employment numbers, the finalized payroll data shows a starkly different picture. In January, California’s payroll data counted 18,037,900 jobs, but by June, that number had dropped to 17,881,600, reflecting a significant job loss.

Trump’s Tariffs Won’t Fuel Inflation, Says Trade Advisor Peter Navarro

Incoming trade advisor Peter Navarro has reassured Americans that the tariffs planned for President-Elect Donald Trump's next term will not lead to inflationary pressures. Speaking with CNBC, Navarro pointed to the significant tariffs imposed on Chinese imports during Trump’s previous term, such as steel, aluminum, dishwashers, and solar panels. Despite fears that these tariffs would drive up prices, Navarro emphasized that they had no discernible impact on inflation. He also dismissed past warnings about inflation, recalling how critics had predicted economic chaos during Trump’s first term, only to see those fears prove unfounded.

Democrat Run Columbia College Chicago to Eliminate 11 Degree Programs, Lay Off 25 Faculty Members

Columbia College Chicago will eliminate 11 degree programs and lay off up to 25 full-time faculty members starting in the 2025-26 school year, as part of a strategy to address ongoing financial difficulties.

Trump Meets TikTok CEO as App Faces Potential Ban

President-elect Donald Trump is set to meet with TikTok CEO Shou Zi Chew on Monday at Mar-a-Lago, his resort in Florida, as the popular social media app faces a looming U.S. ban.

Chrystia Freeland Resigns Over Trudeau Dispute, Trump Tariff Threats

Canadian Deputy Prime Minister Chrystia Freeland has stepped down, citing a clash with Prime Minister Justin Trudeau over how to handle President-elect Donald Trump’s proposed 25% tariffs on Canadian imports.

Biden to Establish Monument for Francis Perkins

President Joe Biden moved to establish the Frances Perkins National Monument in Newcastle, Maine, to "honor the historic contributions of America’s first woman Cabinet Secretary and the longest-serving Secretary of Labor," a White House fact sheet says.

James Comer Backs AOC’s Oversight Committee Bid

House Oversight Chairman Rep. James Comer (R-KY) announced that he supports Rep. Alexandria Ocasio-Cortez (R-NY) for the committee's ranking member.

Biden to Harris at DNC Event: ‘You’re Not Going Anywhere’

President Joe Biden assured Vice President Kamala Harris of her continued importance to the Democratic Party during remarks at the Democratic National Committee’s holiday party on Sunday. Turning to Harris, Biden declared, “You’re not going anywhere,” while praising her integrity and purpose throughout her career.

Trump Calls for End to Daylight Saving Time, Citing Costs and Inconvenience

President-elect Donald Trump announced plans to push for the elimination of daylight saving time (DST), describing it as “inconvenient and very costly to our Nation.” In a statement shared on social media Friday, Trump confirmed that the Republican Party would work to end the twice-yearly clock changes that have sparked growing debate nationwide.

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