Author: Krishna Bora

The migrant crisis is hitting American wallets hard. A study by FAIR reveals a staggering $150 billion price tag for 2023. This figure accounts for various services provided to 20 million illegal migrants. State and local governments bear most of this financial burden. Massachusetts Faces $1 Billion Budget Shortfall BBC Massachusetts is grappling with a significant budget deficit. Republicans claim Democrats are secretly diverting funds to address the migrant crisis. The state GOP has filed a FOIA request for transparency. FAIR estimates the actual cost to Massachusetts could be around $3 billion. New York Struggles with Multibillion-Dollar Migrant Expenses Colorado…

X, formerly Twitter, will shut its San Francisco headquarters on September 13. The closure date falls on a Friday, adding a touch of superstition. Employees received this information via email on Thursday. This move marks the end of an era for the social media company in the tech hub. Elon Musk Announces Relocation to Austin, Texas Fox Business Elon Musk decided to move X’s headquarters to Austin, Texas. He made this announcement last month, citing California’s policies as the reason. Austin has become a growing tech hub in recent years. This relocation aligns with Musk’s trend of moving his companies…

Social Security’s cost-of-living adjustment (COLA) for 2025 may disappoint beneficiaries. Projections suggest a 2.57% increase, down from 3.2% in 2024. Inflation eased to 2.9% in July, driving the lower estimate. Will this modest bump keep pace with retirees’ actual expenses? Inflation’s Impact: Are Prices Really Stabilizing? The Seniors Trust Lower inflation doesn’t equate to lower prices for essentials. Grocery and energy costs remain stubbornly high. Housing expenses haven’t eased as much as expected. Can seniors stretch their benefits to cover rising living costs? Full Retirement Age: The Creeping Goal Post? The Seniors Trust 2025 sees full retirement age (FRA) increase…

California Senate passes controversial housing bill. The legislation allows undocumented immigrants to access zero-down home “loans”. It narrowly passed with 23 votes for and 11 against. Will this move reshape California’s housing landscape? Zero Down, Zero Interest: Too Good to Be True? The Center Square The Dream for All program offers up to $150,000 or 20% of home price. Recipients pay nothing upfront and make no payments. The state claims 20% of appreciated value upon sale or refinancing. Could this program solve California’s housing crisis? Lottery for Homes: Who Are the Lucky Winners? The Center Square Last year, 1,700 applicants…

Libya taps into ancient aquifers beneath the Sahara. The Great Man-Made River project spans 1,750 miles. It aims to transport 6.5 million cubic meters of water daily. Could this desert nation become a water powerhouse? $25 Billion Gamble: Will It Pay Off? Newsweek Libya invests $25 billion in the GMMR project. The network uses enough steel to circle Earth 280 times. Five million tons of cement form the massive pipes. Is this the most ambitious water project in history? Gaddafi’s Dream: Eighth Wonder of the World? Construction Week Libya’s former leader dubbed GMMR the “eighth wonder”. The project began in…

Stop & Shop bans cigarettes and vapes from 360 stores. The retailer joins CVS, Target, and Walmart in this move. American Cancer Society applauds the decision. Will other chains follow suit? Community Wellness: Retail’s New Social Responsibility? The Guardian Stop & Shop commits to promoting neighborhood health. The chain offers free dietitian services to customers. Pharmacy associates provide trusted health advice. How will this impact local health statistics? Tobacco Sales: A Dying Revenue Stream? Ranker Stop & Shop remains silent on tobacco sales volume. U.S. cigarette sales declined by 11.7% in 2022. 1.6 million Americans still smoke regularly. Is this…

JP Morgan Chase Bank warns of potential charges for previously free services. Marianne Lake, Chase executive, cites new banking regulations as the cause. Chase serves over 66 million U.S. households. Will other banks follow suit in this seismic shift? Overdraft Caps: Who Really Pays the Price? Indiatimes New regulations aim to cap overdraft fees at $3. Banks collected $8.8 billion in overdraft fees in 2022. Chase claims these changes will impact low-income customers most. Can banks survive without these lucrative fees? Credit Card Late Fees: $8 Cap or Bust? Forage CFPB proposes to limit credit card late fees to $8.…

A major technology company is streamlining its operations. Around 100 jobs are being cut from its services division. This move reflects a changing focus within the organization. The company aims to prioritize other critical areas of its business. Which app is facing the brunt of layoffs? The Business Times The e-book platform is experiencing the most significant impact. Engineering roles are among the positions being eliminated. The news service team is also affected by these cuts. This restructuring signals a shift in the company’s priorities. Artificial Intelligence Takes Center Stage in Tech BBC The tech giant is pivoting towards AI…

A recent rocket landing attempt ended in disaster. The booster, on its 23rd mission, toppled and exploded upon touchdown. This marks the first failed landing for the company in over two years. The incident raises questions about the reliability of reusable rocket technology. What caused the private spacewalk delay? Business Standard Multiple factors contributed to postponing the civilian space mission. Safety concerns prompted initial delays. A helium leak on ground equipment forced further setbacks. Unfavorable weather conditions in splashdown areas led to additional postponements. Civilian Astronauts Prepare for Historic Mission Space.com Four non-professional astronauts await their chance to reach orbit.…