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Opinion | Vince McMahon’s WWE resignation and the key to post-Trump politics
Politics

Opinion | Vince McMahon’s WWE resignation and the key to post-Trump politics

Comment on this storyCommentAbraham Riesman is the author of “True Believer: The Rise and Fall of Stan Lee” and the forthcoming “Ringmaster: Vince McMahon and the Unmaking of America.”Last Friday, after four decades at the helm of World Wrestling Entertainment, Vince McMahon announced his retirement. Given the avalanche of sexual misconduct allegations against him, the news looked like a victory for decency. But nothing is ever quite what it seems in professional wrestling.McMahon is no longer chairman and chief executive of the multimedia firm, nor will he play his character in WWE programming. But he remains the largest single stockholder in the publicly traded company and reportedly controls 80 percent of shareholder votes.This confusion is appropriate. After all, McMahon made his bi...
Biden speaks with China’s Xi for over 2 hours amid tensions with Taiwan
Politics

Biden speaks with China’s Xi for over 2 hours amid tensions with Taiwan

Washington — President Biden and Chinese President Xi Jinping spoke by phone for 2 hours and 17 minutes on Thursday, their first conversation in roughly four months. The call was part of the administration's efforts "to maintain and deepen lines of communication" between the U.S. and People's Republic of China (PRC) and to "responsibly manage our differences and work together where our interests align," according to a White House statement. President Biden speaks with Chinese President Xi Jinping by phone, July 28, 2022, at the White House. Tweet by President Biden On Taiwan, President Biden told Xi that the U.S. has not changed its policy and "strongly opposes unilateral e...
Politics

Rishi Sunak and Liz Truss facing Tory members in Leeds for first official leadership hustings – UK politics live | Politics

Sunak and Truss prepare for first official Tory hustings in Leeds tonight at 7pmRishi Sunak and Liz Truss are poised to go head to head in the first official hustings with Tory members in Leeds, PA Media reports. PA says:It is the first of 12 sessions for party faithful across the country to quiz the final two candidates before voting for the next party leader and prime minister closes on 2 September. The two-hour hustings will be broadcast on LBC radio from 7pm and hosted by presenter Nick Ferrari. The event takes place in Leeds, where Truss was hoping to shore up voters’ support by backing Northern Powerhouse Rail in full and pledging to “turbocharge investment” into the north of England. During a visit to the Yorkshire city, Truss insisted she is “completely committed” to the s...
How the Senate Democrats’ surprise spending plan could impact your taxes
Politics

How the Senate Democrats’ surprise spending plan could impact your taxes

The surprise agreement between Senator Joe Manchin and other Democrats on a new health care, energy and climate bill paves the way for some tax changes that have long been on President Biden's agenda. Whether the proposal could affect you may depend on your income, your job and where you live. Called the Inflation Reduction Act, the package — a dramatically scaled-down version of the last year's failed Build Back Better Act — aims to invest in clean energy, while allowing Medicare to negotiate drug prices and capping out-of-pocket drug costs for Medicare recipients at $2,000. The bill would also lower premiums for millions of people on Affordable Care Act plans. To pay for this, the bill would make changes to the IRS and the tax code to raise $739 billion, with about $300 millio...
Biden urges House to ‘put politics aside’ and pass chips bill
Politics

Biden urges House to ‘put politics aside’ and pass chips bill

President Biden on Thursday urged lawmakers in the House to “put politics aside” and pass a bill boosting the manufacturing of semiconductors after Republicans indicated they would oppose the legislation in the wake of a reconciliation package outlined by Democrats. “I hope that the House is going to pass this bill today. My plea is, put politics aside. Get it done,” Biden said during remarks focused mainly on the reconciliation package announced hours after the Senate passed the chips bill.  “We need to lower the cost of automobiles, appliances, smart phones, consumer electronics and so much more. All of these things are powered– almost everything in our lives is powered by these semiconductors and tiny computer chips,” Biden added. The chips bill, Biden argued, woul...
Biden discusses Democrats’ health care, tax and climate proposal as recession fears grow
Politics

Biden discusses Democrats’ health care, tax and climate proposal as recession fears grow

Washington — President Biden is delivering remarks Thursday on the new health care, tax and climate package unveiled by Senate Majority Leader Chuck Schumer and Sen. Joe Manchin, following news that the U.S. economy contracted for the second consecutive quarter."Simply put, the bill will lower health care costs for millions of Americans and it will be the most important investment, not hyperbole, the most important investment that we've ever made in our energy security," Mr. Biden said in remarks from the White House, adding it's a "big deal."Called the Inflation Reduction Act, the plan was announced by Schumer and Manchin on Wednesday, capping months of negotiations between the two Democrats that, until now, failed to yield a deal. While Manchin had previously expressed concerns about ...
What two negative GDP quarters means for ‘recession’ — and our politics
Politics

What two negative GDP quarters means for ‘recession’ — and our politics

Comment on this storyCommentThe U.S. economy has now shrunk for the second straight quarter, the Bureau of Economic Analysis announced Thursday. The 0.9 percent annualized drop in the second quarter comes on top of a 1.6 percent drop in the first quarter, further raising fears of a recession.While two straight negative quarters of gross domestic product (GDP) isn’t actually the technical definition of a recession — that determination is up to the National Bureau of Economic Research (NBER), which has long emphasized it takes other factors into account — it is the oft-used shorthand for a reason. GDP is the most important indicator, and Thursday’s news increases the already very valid questions about whether we’re in — or could be heading for — a recession.Naturally, this has led to plen...
Florida agency targets Miami restaurant over drag shows kids attend
Politics

Florida agency targets Miami restaurant over drag shows kids attend

  R House drag show performers R House Wynwood The R House restaurant in the Miami neighborhood of Wynwood is the target of a complaint filed by Gov. Ron DeSantis' administration, CBS Miami's Najahe reports. The state alleges that the restaurant's drag shows expose minors to sexually explicit conduct.  At the center of the controversy are videos and images of children at the drag shows. The DeSantis administration's complaint, filed Tuesday, says the weekend Drag Show Brunches expose minors to "sexually explicit drag shows." "Having kids involved in this is wrong. That is not consistent with our law and policy in the state of Florida and it's a disturbing trend in our soc...
Recession | Mississippi Politics and News
Politics

Recession | Mississippi Politics and News

U.S. economy contracts for second consecutive quarter. The U.S. economy is in recession. For the second quarter in a row, U.S. GDP is down, declining by 0.9% on the heels of a 1.6% decline in the first quarter of 2022. While unemployment remains relatively low, inflation is at a 40-year high and real wages have declined since the beginning of 2021.  This is particularly harmful for families at the lowest end of the wage scale who are squeezed by low savings rates and decreased purchasing power of goods. In addition to food prices spiking by double digit percentages, gas prices have been a huge driver of increasing costs for both business and consumers.  The uncertainty in the oil and gas industry is causing significant problems for business community and average consumers alike.  Cu...
Officials announce unexpected climate and tax deal
Politics

Officials announce unexpected climate and tax deal

Officials announce unexpected climate and tax deal - CBS News Watch CBS News In a surprise move, Sen. Majority Leader Chuck Schumer and West Virginia Sen. Joe Manchin announced a historic deal on climate, energy and health care costs – a major breakthrough for President Joe Biden. Chief White House correspondent Nancy Cordes has details on the unexpected compromise. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link