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Los Angeles Renters Face Predatory Price Hikes Following Wildfires

In the wake of devastating wildfires in the Pacific Palisades and Pasadena/Altadena areas, Los Angeles renters are encountering instances of illegal price gouging. Despite California’s strict laws prohibiting such practices during emergencies, some landlords have significantly raised rental prices, exploiting displaced residents.

Macy’s Announces Plans to Close Over 60 Stores Nationwide

Macy’s has announced plans to close 66 underperforming stores this year as part of its Bold New Chapter strategy, which includes closing about 150 underproductive locations over a three-year period.

NYC Congestion Pricing Advocate Attacked in Subway Amid Policy Rollout

Layla Law-Gisiko, a prominent supporter of New York City’s newly implemented congestion pricing policy, became the latest victim of subway violence on Saturday. Law-Gisiko, a Democrat and president of the City Club of New York, was attacked at the 23rd Street and 5th Avenue subway station, an incident that highlights ongoing concerns about public safety in the transit system.

Leaked Arrest List Fuels Migrant Crime Debate in Berlin

A leaked list of New Year’s Eve arrests in Berlin has reignited debate over crime and immigration in Germany. Official police statements claimed most suspects were adult German nationals, but the leaked list suggests many individuals had names commonly associated with migrant backgrounds.

Yellen Admits COVID Relief Spending Contributed to Inflation

U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.

California Wildfires Expose Insurance Gaps Amid Rising Costs

California’s ongoing wildfire crisis has left residents grappling with destruction and an increasingly fragile insurance market.

RFK Jr. Faces Senate Scrutiny Over HHS Nomination Amid Vaccine Concerns

Robert F. Kennedy Jr., President-elect Donald Trump’s nominee for Secretary of Health and Human Services (HHS), is meeting with Senate Democrats on key health committees to discuss his nomination

FDA’s Proposed Nicotine Rule Sparks Concerns Over Black Market Surge

The FDA is advancing a controversial regulation to lower nicotine levels in cigarettes, drawing criticism for potential unintended consequences, including fueling black market activity.

Two Children Found Abandoned at the Border

Two children were found abandoned at the southern border with a note to give to authorities.

American Credit Card Defaults Hit Highest Levels Since 2008 Crisis

American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.

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