Countries have long imposed tariffs as a means of protecting and shoring up domestic industries. However, history and research have shown that the economic effects often fail to live up to the hype. On Tuesday, the Biden administration announced the latest iteration of American import taxes: a wave of new and heightened tariffs on Chinese exports across a slew of industries deemed strategic to national security. Economists expect that the newly announced $18 billion in tariffs likely will have a minimal near-term impact on GDP, inflation and monetary policy some equating it to a mere “rounding error.” However, on…

The Justice Department said that Boeing breached its obligations from a 2021 agreement that shielded the embattled corporation from criminal prosecution from two fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. In a filing in federal court in Texas on Tuesday, the DOJ said that Boeing failed to make changes to prevent it from violating federal anti-fraud laws.The changes were a condition of the deferred prosecution agreement that the airline manufacturer agreed to in 2021. The DOJ said that Boeing broke the agreement by “failing to design, implement, and enforce a compliance and ethics program to…

Adolescents and young adults with diabetes may be at higher risk of Alzheimer’s disease later on, according to a new study.The findings suggest that younger people with type 1 or type 2 diabetes are at an elevated risk of the neurodegenerative disease.The study aligns with increasing evidence showing a link between diabetes and Alzheimer’s.Diabetes is already understood to be a risk factor for Alzheimer’s.With rates of obesity rising in the United States and globally, the prevalence of diabetes is expected to follow, with the disease affecting more young people. Previous research has found that people over 40 who have these…

 A crypto shrimp, perhaps better called the King shrimp, who was earlier tracked by Crypto.News has upped the holdings of his Mollars token presale ‘bag.’   Buying frequently or dollar cost averaging into the presale,  the traders frequent buys have made them what’s believed to be the biggest holder of Ethereum blockchain’s coming store-of-value token.The buyer’s wallet transaction address is public [see here] and was last active 11 days ago.Investor has a successful track record with MemecoinsThe trader appears to be savvy in memecoin ICO investing as they have transactions with Shiba Inu (SHIB), Volt Inu (VOLT), and Robo Inu…

Household debt levels in the U.S. increased in the first quarter of 2024, which created new challenges for already stressed credit card borrowers, according to a new report from the Federal Reserve Bank of New York released Tuesday. The report found that overall debt levels rose by $184 billion, or 1.1%, in the first quarter to a total of $17.69 trillion. Overall borrowing levels are $3.5 trillion higher than they were at the end of 2019 prior to the onset of the COVID pandemic.Of the total, mortgage balances rose by $190 billion to $12.44 trillion while overall outstanding credit card…

ENCINO, LOS ANGELES () — A suspect is in custody after a violent robbery on a Metro bus Tuesday in Encino – the third assault on the transit system in the past 24 hours.The latest attack happened on a Metro bus at Ventura and Balboa boulevards around 2 p.m. Tuesday.Police responded and took the suspect into custody.Initial reports described the incident as a stabbing, but a Metro spokesperson later clarified that the suspect is accused of robbing a man’s cellphone and hitting him in the chest, but there was no stabbing involved.LAPD officers arrested the suspect as he was walking…

Burlesque the Musical, the first ever stage adaptation of Steven Antin’s movie Burlesque, is headed for the stage! See the cast of the show below, featuring Broadway’s Jackie Burns, as they show off their best burlesque moves ahead of their June opening!Watch the video!Burlesque the Musical previews at Manchester Opera House on Thursday 13 June with sold-out performances until Saturday 29 June 2024. It makes its Scottish premiere at Glasgow Theatre Royal where it will run from Wednesday 11 September to Saturday 28 September 2024 then returns to Manchester for a season from Thursday 3 October – Saturday 2 November 2024 prior to a West End run.Welcome to Burlesque the Musical, the glamorous, gritty and outrageously fun new…

New York    Walmart said Tuesday it is eliminating several hundred corporate jobs and will relocate most of its remaining remote office staff to its Bentonville, Arkansas, headquarters. Walmart confirmed the move in a memo sent by Donna Morris, its chief people officer, to employees on Tuesday and obtained by . Morris, in the memo, said the decision to relocate employees and ask other remote staff to come back into the office was made to facilitate better collaboration, innovation “and move even faster.” “We also believe it helps strengthen our culture as well as grow and develop our associates,” she…

Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges tied to the fatal 737 Max crashes, the Department of Justice said Tuesday.Boeing could now be subject to U.S prosecution, the Justice Department said in a filing in U.S. federal court in Texas. It said it still determining “how it will proceed in this matter” and that Boeing will have 30 days to respond.The airplane manufacturer broke the agreement by “failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations,” the Justice Department said.Boeing…

Share on PinterestIs it possible to develop an effective, long lasting flu vaccine? andreswd/Getty ImagesInfluenza viruses cause billions of flu infections and thousands of deaths across the globe each year.Developing an effective, long-term flu vaccine is challenging because of viral mutations. Researchers are interested in what strategies they can use to get around this problem. Results from a recent study suggest that targeting multiple areas of the virus’ proteins may be the key to creating a flu vaccine that offers long-term immunity, specifically focusing on an area that experiences less mutation. Developing a long lasting flu vaccine could be highly…

Last updated: May 14, 2024 19:30 EDT | 2 min read Brazilian authorities have upheld a ban on the use of crypto donations to fund political parties and candidates’ electoral campaigns in the country.In a ruling published on its website, the nation’s electoral court (Tribunal Superior Eleitoral, or TSE for short) wrote that it would “maintain” an existing “ban on the use of donations made in cryptocurrency.”The TSE’s ruling covers the period up until the 2024 municipal elections. Polls are slated for October 6 this year. A run-off vote is scheduled for October 27.Blow to Community as Brazil Upholds Crypto…

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as…

Minnie Mills. Arturo Holmes/WireImage The Summer I Turned Pretty alum Minnie Mills delivered drama with her exposed-bra look at the Bridgerton season 3 premiere.  Mills, 22, graced the Monday, May 13, red carpet in a black velvet Dauphinette gown that featured a structural protruding waist design. (Think the peplum trend, but modern.) The most standout detail of the dress, however, was the completely open bodice. The dress featured no neckline, exposing Mills’ upper torso.  She contrasted the artful design by covering her chest with an ivory bra top that featured ruched fabric. The bikini-like top tied behind her neck. For…

Sixty-six sworn probation officers in Los Angeles County have been placed on leave since Jan. 1, pending investigations for a range of alleged offenses, including some related to sexual misconduct and youth-on-youth violence, officials said Monday. The county Department of Probation said the figures include 14 — two more than previously announced — officers placed on leave related to youth-on-youth violence at Los Padrinos Juvenile Hall in the Los Angeles suburb of Downey. Those cases are being investigated by the office of California Attorney General Rob Bonta. Another 39 probation officers are accused of general misconduct, which includes suspected use of excessive…

The IRS warned on Tuesday that thousands of taxpayers could face criminal prosecution if they filed false tax returns for high refunds. In a press release, the IRS reiterated a warning not to fall for tax scams centered around the Fuel Tax Credit, Sick and Family Credit, and household employment taxes.Despite the warnings, the IRS reportedly came across thousands of dubious claims from taxpayers for credits for which they were not eligible. As a result, the IRS has delayed the refunds and is requesting the taxpayers under investigation to provide proof they are eligible for the credits. “Scam artists and…