Tax

AI Pioneer Geoffrey Hinton Supports Musk’s Legal Battle Against OpenAI’s Profit Transition

Geoffrey Hinton, often referred to as the “Godfather of AI,” has expressed his backing for Elon Musk's ongoing lawsuit against OpenAI over the company's controversial transition from a non-profit research organization to a for-profit entity. Hinton, a Nobel laureate and AI pioneer, criticized OpenAI's move to abandon its non-profit status, a decision that has sparked significant concern within the AI community, including among OpenAI's co-founders, such as Musk.

Tragedy Strikes as Georgia Judge Takes His Own Life in Courtroom

The state of Georgia was shaken by the tragic death of Effingham County Judge Stephen Yekel, who reportedly took his own life in his courtroom just before his scheduled retirement. At 74, Judge Yekel was discovered by a deputy around 10 a.m. on Tuesday, though he is believed to have died late Monday night or early Tuesday morning.

Ford’s X Account Reportedly Hacked, Calls Israel a ‘Terrorist State’

The official X account for Ford Motor Company was reportedly compromised on Monday, resulting in the posting of inflammatory messages, including one labeling Israel a "terrorist state."

Washington Democrats Propose $16B Tax Hike to Close Budget Gap

Senate Democrats in Washington are advocating for new taxes to address a looming $16 billion budget shortfall, as revealed in a leaked email sent by Sen. Noel Frame (D-Seattle). The email, sent shortly after Governor Jay Inslee’s announcement of the shortfall, outlines additional taxes beyond those proposed by Inslee, which include a new wealth tax, a temporary 20% business surcharge, and an increase in business and occupation (B&O) tax rates.

Ford Donates $1 Million, Vehicles to Trump Inauguration

Ford Motor Co. announced Monday it is donating $1 million and a fleet of vehicles to support President-elect Donald Trump's upcoming January inauguration.

Federal Reserve Cuts Interest Rates for Third Consecutive Time Amid Economic Shifts

The Federal Reserve made its third consecutive interest rate cut on Wednesday, reducing its benchmark rate by a quarter of a percentage point. The move, widely anticipated by investors and financial markets, brings the federal funds rate to a target range of 4.25 percent to 4.50 percent. Since beginning its rate cuts in September, the Fed has now lowered rates by a total of 100 basis points, or one percentage point.

Prosecution Concludes Corruption Trial Against Former Illinois House Speaker Michael Madigan

The prosecution concluded its case on Wednesday in the federal corruption trial of former Illinois House Speaker Michael Madigan, setting the stage for closing arguments in the coming days.

Washington State Weighs One Percent Wealth Tax

Washington Governor Jay Inslee (D) proposed a wealth tax designed to increase the state's revenue.

Los Angeles County to Cancel $2 Billion in Medical Debt For Residents

Los Angeles County has announced a program to cancel $2 billion in medical debt for residents.

Defense Begins in Madigan Corruption Trial

Defense attorneys for former Illinois House Speaker Michael Madigan and codefendant Michael McClain are set to begin presenting their case Wednesday in a corruption trial that has captured significant attention. The trial, which involves 23 counts of bribery, racketeering, and official misconduct, centers around the alleged "Madigan Enterprise" scheme in which utilities like ComEd and AT&T Illinois allegedly provided no-work jobs and contracts to individuals loyal to Madigan in exchange for favorable legislation in Springfield.

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