In a recent video, United Auto Workers President Shawn Fain launched scathing criticism against Stellantis CEO Carlos Tavares, accusing him of engaging in price gouging practices and failing to uphold parts of the union’s labor contract with the automaker. Fain’s comments reflect a growing tension between the CEO and the union leader following contentious collective
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Leadership is a crucial aspect of any institution, particularly in times of crisis or controversy. The recent resignation of Columbia University’s president, Nemat “Minouche” Shafik, underscores the challenges that university leaders face when navigating protests and dissent on campus. In the case of Shafik, her resignation comes after months of criticism over protests on the
The recent report from the Labor Department highlighted that inflation rose as expected in July, primarily driven by higher housing-related costs. The consumer price index, which measures prices for goods and services, increased by 0.2% for the month, resulting in a 12-month inflation rate of 2.9%. Excluding food and energy, the core CPI saw a
The rollout of the new Free Application for Federal Student Aid (FAFSA) has been widely regarded as disastrous, with several issues plaguing the system from the start. According to Beth Maglione from the National Association of Student Financial Aid Administrators, poor planning by the Department of Education has resulted in many college students being left
In July, consumers expressed a growing confidence that inflation will not be as much of a concern in the years to come. The New York Federal Reserve’s Survey of Consumer Expectations revealed that while respondents anticipate inflation remaining elevated in the next year, they expect it to taper off in the subsequent years. Notably, the
Former President Donald Trump recently made false accusations against Vice President Kamala Harris, claiming that she used AI technology to fabricate images of crowd sizes at her rallies. Trump suggested that Harris faked a large crowd at an airport, when in reality, the crowd was authentic. This unfounded conspiracy theory was amplified by Trump on
Barbara Res, the former executive vice president of construction and development at the Trump Organization, contested former President Donald Trump’s claim about riding in a helicopter with former San Francisco Mayor Willie Brown in the 1990s. According to Res, the helicopter ride was part of a larger project in California, involving collaboration with local and
Senator Elizabeth Warren of Massachusetts has sent a detailed letter to the Tesla board, questioning whether CEO Elon Musk has been using company resources to benefit his other ventures, such as SpaceX and xAI. In her 10-page letter to Tesla Chairwoman Robyn Denholm, Warren expresses concerns that the board may be failing in its fiduciary
Recent reports from the Federal Reserve Bank of New York and TransUnion have shed light on the concerning trend of increasing credit card debt in the United States. According to these findings, Americans collectively owe a staggering $1.14 trillion on their credit cards, with the average balance per consumer reaching $6,329. This represents a significant
Maryland’s Democratic Gov. Wes Moore believes that Vice President Kamala Harris would prioritize small business growth and large industry competition if she wins the presidency. Moore highlighted the importance of supporting small businesses and making it easier for them to grow, as well as facilitating the ability for large industries to compete within the country.