Posts by Amelia Frost
Student Loan Borrowers Blocked from Affordable Repayment Plans
Federal student loan borrowers are temporarily unable to apply to income-driven repayment plans, a decades-old safety net that ties their monthly loan payment size to household income levels, as the U.S. Education Department reviews a recent federal court ruling. The department closed applications to the repayment plans last week after the U.S. Court of Appeals…
Read MoreFrance Bans PFAS in Many Products, but Not Cookware
A year ago, France embarked on an ambitious goal: To craft the world’s widest ranging ban on the use of harmful “forever chemicals” in everyday products. On Friday, that effort culminated in a national ban on PFAS that environmental and health experts hailed as a big step forward, with one notable exception. After campaigning by…
Read MorePCE Report Showed Inflation Eased Slightly in January
Getting inflation under control since the worst surge in decades has been a bumpy process in recent months. New data on Friday showed a little progress, but also an unexpected pullback in consumer spending, complicating the path forward for the Federal Reserve as it debates when to restart interest rate cuts. The central bank’s preferred…
Read MoreWhy China’s Xiaomi Can Make an Electric Car and Apple Can’t
After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, canceling a project that soaked up $10 billion. But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to…
Read MoreTesla Manager Was Fired After Speaking Out Against Musk’s Nazi Salute
Tesla manager Jared Ottmann was fired in a “retaliatory” move for calling out CEO Elon Musk for name-dropping Nazi murderers—and Tesla for staying silent. Last month, Ottmann, a longtime Tesla engineering manager, took to LinkedIn to publicly condemn his employer. He shared a screenshot of Musk’s tweet, laced with antisemitic wordplay: “Don’t say Hess to…
Read MoreTrump Loyalist Doubles Down on Condemning Pam Bondi Over Epstein List Influencer Fiasco: ‘Everything is So Scripted’
Trump loyalist Laura Loomer doubled down on condemning Trump-appointed Attorney General Pam Bondi over the administration’s decision to release the Jeffrey Epstein files to a small group of conservative influencers, which fell short of supporters’ expectations. On Thursday, more than a dozen influencers met President Donald Trump, Vice President J.D. Vance and Bondi in the…
Read MoreWhy Consumers Are Cutting Back on Shopping and Embracing ‘No Buy 2025’
Cassandra Orakpo had enough. Too much, in fact. Shopping on her phone had become so easy it had turned into a bad habit. She bought a cake decorating kit, thinking she’d make her own birthday cake, and never even took it out of the box. She has at least 80 bottles of perfume stored in…
Read MoreInflation Is Rising. What Will That Mean for Trump’s Tariffs?
Rising prices hit a trade war President Trump isn’t backing off his tariff threats, despite the potential risk to the U.S. economy and financial markets. That puts additional focus on the latest Personal Consumption Expenditures report, the Fed’s favored inflation measure. It’s due for release at 8:30 a.m. Eastern. The question is whether lingering inflation…
Read MoreWhat Is ‘Economic Blackout’ And How Is It Seeking To ‘Disrupt The Economy’ For 1 Day?
KEY POINTS John Schwarz started the movement last month, calling on consumers to resist corporate greed The movement kicks off midnight Thursday through midnight Friday, called ‘one day of economic resistance’ Stephen King and former Labor Secretary Robert Reich have urged their followers on social media to join An increasing number of U.S. consumers are…
Read MoreMeme Coins Are Not Securities, SEC Says In Major Development For Scam-Ridden Segment
KEY POINTS The SEC said meme tokens do not constitute the financial instruments enumerated in securities laws The SEC also warned against actors who abuse the system and engage in “fraudulent conduct” The new designation came following the rise and fall of the $LIBRA token initially promoted by Argentina’s president The U.S. Securities and Exchange…
Read MoreHILL: Smith gov’t must enact broad-based tax cuts to spur growth
Breadcrumb Trail Links Money News Alberta Opinion Columnists Published Feb 28, 2025 • Last updated 1 hour ago • 2 minute read You can save this article by registering for free here. Or sign-in if you have an account. Premier Danielle Smith and Finance Minister Nate Horner chat as they arrive at the Alberta legislature in…
Read MoreCalifornia Judge Blocks Mass Firings Of Probationary Federal Workers
A federal judge in California on Thursday temporary halted a Trump administration directive that would have forced the U.S. Department of Defense and other federal agencies to carry out widespread layoffs of thousands of newly hired employees. U.S. District Judge William Alsup, in a hearing held in San Francisco, declared that the U.S. Office of…
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