Thursday, May 2, 2024
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NFL Season Begins

This past Thursday night the Bears lost to the Packers 10 - 3 in what both sides agree to was a display of sloppily played Football. The Bears defense only allowed 1 touchdown but that was also the only touchdown that was scored in the game. When asked how he played Bears Quarterback Mitch Trubisky said,"Not that good not...
Michigan has become the first state to ban flavored e-cigarettes. Governor Gretchen Whitmer stated that "Bubble Gum Flavor, Fruit Loop Flavor, Motts Apple Juice Flavor. These are things that are targeted towards children and getting them addicted. Creating consumers for them so they can make money at the risk of children's health. These are kids who's brains aren't even...
Hong Kong withdrew the extradition bill today after several months of protests. Carry Lam The Chief Executive of Hong Kong said, "The government will formally withdraw the bill in order to fully allay public concerns". The people of Hong Kong feared if the bill had gone through it would have given the Chinese Communist Party control over Hong Kong’s...

The Tariff War

The latest round of tariffs the United States is imposing on China went into effect yesterday. You can find that list here. Everything from Goats, Sheep, and Chicken to Ginger, Curry, and Peanuts is being hit with a tariff. What this means for the American consumer is that all these products are going to become more expensive over time....
The 529 Savings Plan can be used as prepaid tuition or a college savings plan. A 529 is an after-tax plan where someone makes contributions to a plan where the monies deposited can be used for tuition(college and in many states private schools). Withdrawals from a 529 account are tax-free as long as they meet specific requirements. The new...
Hurricane Dorian is headed towards the East Coast of Florida and is expected to hit this Labor Day Weekend. The storm which was originally a tropical storm has magnified in intensity and is now a Category 3 Hurricane. Some weather forecasters predict that the hurricane will intensify to a Category 4 by the time it hits Florida this weekend....
Ezekiel Elliott continues his holdout against the Dallas Cowboys. The 24 year old running back ranked 1st in the league last year with 95.6 yards per game. His salary though is 10th in the league for salaries compared with other running backs. Ezekiel is holding out because he wants to have his salary renegotiated to something that is more...
Student loan debt is currently greater than $1.5 trillion and increasing each year. According to Credit.com the average debt per student is $31,172 and is currently the 2nd largest debt category in the U.S. Currently 71% of college graduates have student loans. According to trends.collegeboard.org the yearly tuition for a public 4 year school in 1988 was $3,360 in...
Protests in Hong Continued today for the 12th week now. Originally the protests started because of a controversial extradition bill that would have allowed China to extradite criminals in Hong Kong to be put on trial in mainland China. The people of Hong Kong feared this was giving the Chinese Communist Party control over Hong Kong's current judicial independent...

The 401(k) Plan

A 401(k) plan is a tax-qualified tax-deferred employer-sponsored retirement plan that an employee may make from their salary. Some employers match your 401(k) contributions up to the amount you invest but most employers don't come close to that amount. This year the average employer contribution has been 4.7%. 401(k) plans are great ways for employees to earn extra money...
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DEA Proposes Shift in Marijuana Classification: A Step Towards Policy Reform

The U.S. Drug Enforcement Administration (DEA) is set to initiate a major policy shift by reclassifying marijuana to a less restricted category, acknowledging its...

USCIS Reports Sharp Decline in H-1B Visa Lottery Applications Following New Rules

The U.S. Citizenship and Immigration Services (USCIS) reported a substantial 40% drop in the number of H-1B visa lottery applications for the current year,...

Newspapers Sue OpenAI and Microsoft Over Copyright Infringement Claims

Yesterday, a lawsuit was filed by eight daily newspapers, including the New York Daily News and the Chicago Tribune, against OpenAI and Microsoft. The...

China’s Renewed Actions at Scarborough Shoal Stir Tensions with Philippines

Tensions in the South China Sea have escalated once again as the Philippines accuses China of aggressive behavior and installing a barrier at the...

UN Report Links North Korean Missile to Attack in Ukraine

The United Nations (UN) has confirmed that debris from a missile that landed in the Ukrainian city of Kharkiv on January 2, 2024, originated...