Boston University Cuts 120 Staff After Trump Funding Squeeze
BU will cut 120 positions and another 120 vacancies as part of a broader effort to curb its budget by 5% for fiscal 2026, President Melissa Gilliam and other administrators wrote in a message to faculty and employees on Monday. The job cuts and spending reduction are necessary to respond to 'a national renegotiation of how the country's higher education model will be funded,' Gilliam wrote in the message.
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Gizmodo
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- Gizmodo
Google Neutralizes Its Rivals… For Now
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CNET
a minute ago
- CNET
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Following signs of slowing inflation in late 2024, the Fed implemented three interest rate cuts but has since adopted a more cautious wait-and-see approach this year. Policymakers have held interest rates steady amid market fluctuations, a stance it's expected to uphold at its Federal Open Market Committee meeting next week Today's complex economic picture presents a challenge for the Fed, which is tasked with maintaining maximum employment and containing inflation. The president has claimed that prices are low and the Fed should cut rates immediately. But tariffs, which are taxes on imported goods, are widely expected to drive up prices. We're already starting to see the effects: In June, inflation ticked up to 2.7%. While lower than markets expected, price growth is still well above the Fed's annual target rate of 2%. As a result, experts say the central bank has good reason to keep rate cuts on pause. 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Wall Street Journal
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President Trump to Back Michael Whatley for North Carolina Senate as Lara Trump Bows Out
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