Dunkin' Announces They No Longer Have Heart To Charge People For Such Depressing Meals
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NBC News
14 minutes ago
- NBC News
More Americans seek Caribbean 'golden passports' amid political and economic uncertainty
A growing number of Americans are buying Caribbean 'golden passports,' which grant dual citizenship through investment programs starting at $100,000. Consultants say demand is being driven by anxiety over U.S. politics and global instability.
USA Today
2 hours ago
- USA Today
Trump to appoint new Fed board member after governor Kugler announces resignation
Federal Reserve governor Adriana Kugler is stepping down, giving President Donald Trump an opening to fill. Federal Reserve governor Adriana Kugler is stepping down from the central bank's board, giving President Donald Trump the chance to appoint an early replacement amid his monthslong campaign to badger Fed officials into lowering interest rates. The announcement comes just two days after the Fed said it would hold its key interest rate steady, despite mounting pressure from Trump to trim rates. Two Trump-appointed board members in favor of lower rates, Michelle Bowman and Christopher Waller, dissented from the decision. Kugler was absent from the vote. Kugler's resignation gives Trump an opportunity to at least partially shape the Fed's makeup to his liking ahead of her original departure date. Kugler, a Biden-appointed governor, joined the seven-member board in 2023 and was set to serve through January 2026. Kugler didn't offer a reason for her Aug. 8 departure. A statement from the Fed said she would return to Georgetown University as a professor this fall. In a letter to President Donald Trump, Kugler said it has been the 'honor of a lifetime' to serve on the Fed's board of governors. 'I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market,' Kugler said. 'The Federal Reserve does important work to help foster a healthy economy and it has been a privilege to work towards that goal on behalf of all Americans for nearly two years.' In a July 30 note, Bill Adams, chief economist for Comerica Bank, noted that Trump may use Kugler's opening to appoint his pick for Fed Chair Jerome Powell's replacement. Powell, who was appointed by Trump in 2017, will have his term as Fed chair end in May 2026. The president, who has recently backed away from threats to fire Powell, has made clear that he's unhappy with the Fed's decision to hold off on rate cuts. In June, Trump said he's hunting for a new Fed chair and has narrowed his search to 'three or four people.' Adams said Trump's next pick for chair could be a current Federal Open Market Committee member or an external hire. "Perhaps the next Chair will have a different approach to monetary policy than Powell, but it's hard to say—recall that Powell himself is a Trump appointee," Adams wrote on July 30, before Kugler announced her resignation. "In any case, the Fed seems likely to cut interest rates between now and when Powell's term ends, which would make the transition feel less fraught."
The Hill
2 hours ago
- The Hill
Tesla found partly liable for fatal autopilot crash
A federal jury on Friday found Elon Musk's Tesla partially liable for a fatal 2019 crash involving the electric vehicle maker's autopilot system. The Miami jury determined Tesla was 33 percent responsible for the crash and ordered the company to pay several million dollars in damages. The family of Naibel Benavides sued the EV maker over the crash that resulted in the 22-year-old's death, alleging the company's autopilot system had 'defective and unsafe characteristics' that it failed to warn consumers about. 'Tesla's lies turned our roads into test tracks for their fundamentally flawed technology, putting everyday Americans like Naibel Benavides and Dillon Angulo in harm's way,' Brett Schreiber, lead attorney for the plaintiffs, said in a statement. 'Today's verdict represents justice for Naibel's tragic death and Dillon's lifelong injuries, holding Tesla and Musk accountable for propping up the company's trillion-dollar valuation with self-driving hype at the expense of human lives,' he continued. In the 2019 crash, the driver of the car, George McGee, had activated Tesla's autopilot function and taken his eyes off the road to look at his phone when the system failed to register an upcoming intersection. The car drove through the intersection and struck a parked car, killing Benavides and injuring her boyfriend, Dillon Angulo. The jury awarded $59 million in compensatory damages to Benavides' family and $70 million to Angulo, while hitting Tesla with $200 million in punitive damages. Tesla said in a statement that it plans to appeal the decision 'given the substantial errors of law and irregularities at trial.' 'Today's verdict is wrong and only works to set back automotive safety and jeopardize Tesla's and the entire industry's efforts to develop and implement life-saving technology,' the EV maker said. 'Even though this jury found that the driver was overwhelmingly responsible for this tragic accident in 2019, the evidence has always shown that this driver was solely at fault because he was speeding, with his foot on the accelerator – which overrode Autopilot – as he rummaged for his dropped phone without his eyes on the road,' it added. 'To be clear, no car in 2019, and none today, would have prevented this crash.'
