Author Archives: Kerry Lear

New York Sets Limit on Uber and Lyft Cars in the City

The New York City Council voted on Wednesday to limit the number of ride-sharing services, including Uber and Lyft. After intense campaigning from taxi drivers in the city, council members agreed in a 39-6 vote to pass multiple bills that will halt the business of these ride-sharing apps. “The council voted to halt the issuance of new for-hire vehicle licenses ...

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Trump is Ready to Tax All Chinese Imports

In a recent interview with CNBC, President Donald Trump made it clear that he is ready to imposed tariffs on all of the $505.5 billion in goods from China that were imported last year. “I’m ready to go to 500. I’m not doing this for politics. I’m doing this to do the right thing for our country,” said Trump on Friday to CNBC. ...

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What You Need to Know From the Trump-Putin Press Conference

On Monday, President Donald Trump and Russian President Vladimir Putin met for their highly anticipated conference in Helsinki, Finland. Prior to the meeting, Trump tweeted that the relations between U.S. and Russia have never been worse, but implied that that was about to change. “Our relationship with Russia has NEVER been worse thanks to many years of U.S. foolishness and ...

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$716 Billion Defense Bill Passed by Senate

On Monday, a $716 million defense bill passed in Senate with an 85-10 vote from lawmakers. The fiscal 2019 National Defense Authorization Act, H.R. 5515 (115) increases the budget so the military can acquire more warships, fighter jets, and troops. It also includes a large 2.6 percent pay raise for troops. “The wide-ranging legislation includes roughly $716 billion in spending, ...

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Trump is Open to Rejoining the TPP, Only If a Better Deal is Negotiated

Last year, the Trump administration withdrew from the Trans-Pacific Partnership (TPP), but is now signaling officials to explore rejoining if only a “substantially better” deal is negotiated.    “Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama. We already have BILATERAL deals with six of the eleven nations in TPP, and are working to ...

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Zuckerberg to Testify Before Congress This Week

Facebook’s founder and CEO Mark Zuckerberg has agreed to testify before Congress regarding the Cambridge Analytica privacy scandal on Tuesday. It appears as though the social network’s founder is feeling the pressure from the public and lawmakers because last month, Zuckerberg suggested that Facebook’s leading engineers and lawyers would be more appropriate to answer Congress’s questions. “If it is ever ...

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China Responds to Impending Tariffs

On Thursday, President Donald Trump signed a memorandum that authorizes the U.S. Trade Representative to determine what type of tariffs should be placed on China to handle the country’s unfair trade practices. The memorandum says that the U.S. Treasury Department should consider restrictions on the communist country “to address concerns about investment in the United States directed or facilitated by China ...

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The Federal Government Still Spends Way More on the Elderly Than on Children

A paper being presented this week at the Brookings Institution outlines the substantial long-term benefits of the investment in early childhood to our society. However, federal spending is still being spent significantly more on the elderly than children. In 2015, the federal government spent about $35,000 per elderly person though Medicare and social security programs versus the $5,000 on children ...

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