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News & Articles By Laura Harris
05/07/2024
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By Laura Harris
High unemployment rates, high taxes and population exodus pushing Illinois to the brink of collapse
The Democrat-controlled state of Illinois continues to struggle with high unemployment rates, a burdensome tax system and a population exodus, leading to a diminished tax base, higher budget deficits and skyrocketing pension debt. According to data from the Illinois Department of Employment Security, Illinois ranked fifth-highest in unemployment rates among states in March, with a rate of […]
05/03/2024
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By Laura Harris
Low-cost China-made Volvo EV to be sold in the U.S. this summer, threatening Tesla and other EV makers
A Chinese-made electric vehicle is set to arrive in the United States’ EV market this summer, boasting power and efficiency comparable to the Tesla Model Y but with a $8,000 lower sticker price. The EX30 electric SUV, a product of the Swedish luxury car brand Volvo, is a five-seater electric SUV with a 275-mile driving range […]
04/30/2024
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By Laura Harris
REPORT: 29% of Americans earn above the poverty line but still LESS than what they need to comfortably get by
Nearly 40 million families, or 29 percent of the total American population, are earning above the poverty line but less than what they need to get by. This is according to data from the nonprofit United Way, which described these 29 percent of Americans as falling in the category of ALICE, or Asset Limited, Income Constrained […]
04/30/2024
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By Laura Harris
SHORT CIRCUIT: Ford’s electric vehicle unit lost $1.3 BILLION in first quarter of 2024
Ford Motor Company has reported $1.3 billion in losses on its Model E sector or a staggering $132,000 loss for each of the 10,000 vehicles sold during the first quarter of 2024. The electric vehicle (EV) unit, known as Model E, saw a 20 percent decrease in sales compared to 2023, with only 10,000 EVs sold in the first […]
04/29/2024
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By Laura Harris
Housing costs soar by 5.2% due to rising mortgage rates and low housing supply
A new report from real estate company Redfin warns that the cost of buying a house in the United States has increased by 5.2 percent due to rising mortgage rates, soaring home prices and persistently low housing supply. According to the report, the median home price in the U.S. is now at $380,250, which is just $3,095 shy […]
04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
04/15/2024
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By Laura Harris
Uber and Lyft to stop services in Minneapolis after City Council passes minimum pay rate for rideshare drivers
Rideshare giants Uber and Lyft are threatening to suspend all operations in Minneapolis following the City Council’s decision to enforce a minimum pay rate for rideshare drivers in the city. The ordinance, set to take effect on May 1, mandates rideshare companies like Uber and Lyft to compensate drivers a minimum rate of $1.40 per […]
04/15/2024
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By Laura Harris
Trudeau plans to continue immigration policies despite admitting they have caused decline in wages, housing crisis in Canada
Prime Minister Justin Trudeau has announced that his government will continue bringing in up to 500,000 permanent immigrants to Canada annually, despite openly admitting that his immigration policies have contributed to declining wages and housing crisis. In a media conference at Dartmouth, Nova Scotia, on April 2, a journalist asked Trudeau how his policies have contributed […]
03/29/2024
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By Laura Harris
REPORT: Renting is now cheaper than owning a house in America’s 50 biggest metro areas
A recent Realtor.com report found that renting has emerged as more cost-effective than buying homes across all 50 metro areas in the United States as home prices soar and mortgage rates escalate. Realtor.com, a company operated by News Corp. subsidiary Move Inc., determines the monthly expense of home ownership by aggregating the median listing prices of studio, one-bedroom and two-bedroom […]
03/28/2024
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By Laura Harris
POLL: Inflation and immigration rank as top concerns for voters as Biden and Trump gear up for 2024 rematch
As the political arena gears up for a highly anticipated rematch between President Joe Biden and former President Donald Trump in November, likely voters across the United States have voiced their primary concerns, with inflation, illegal immigration and the economy taking center stage. The poll by Center Square Voters’ Voice and Noble Predictive Insights surveyed […]
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