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CNN
11-07-2025
- Business
- CNN
Trump threatens a 35% tariff on Canadian goods, and other nations will be charged up to 20%
President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America's northern neighbor and one of its most important trading partners. 'Starting August 1, 2025, we will charge Canada a Tariff of 35% on Canadian products sent into the United States, separate from all Sectoral Tariffs,' Trump wrote in a letter posted to social media. NBC News also reported Thursday that Trump told 'Meet the Press' moderator Kristen Welker that the remaining US trading partners that have not yet received trade letters or reached framework agreements will be charged a blanket tariff rate. 'We're just going to say all of the remaining countries are going to pay, whether it's 20% or 15%. We'll work that out now,' Trump said, according to NBC News. This is a developing story and will be updated.
Yahoo
06-07-2025
- Politics
- Yahoo
Bob Costas Fears the Ease of Sports Gambling Will Lead to Addiction: ‘It's Going to Ruin Some Lives, That's Inevitable'
Bob Costas issued a warning against legalized sports betting while speaking to 'Meet the Press' host Kristen Welker on Sunday, emphasizing its impact on families. 'In the big picture, the house always wins,' he said, '[and] now you've got young guys with a phone in their hand, it's right there. And some of those people are going to become addicted to it and it's going to ruin some lives, that's inevitable.' More from TheWrap Bob Costas Fears the Ease of Sports Gambling Will Lead to Addiction: 'It's Going to Ruin Some Lives, That's Inevitable' | Video Jensen Ackles Still Has a Surprising Connection to 'Supernatural' Co-Star Jared Padalecki Kelly Clarkson Postpones Vegas Residency Opening to Prevent 'Serious Damage' to Her Voice 'My Life With the Walter Boys' Sets Season 2 Premiere Date, Teases First Look Images Costas, who has been open about his father's own sports gambling addiction in the past, also admitted to Welker he could not read gambling promos while calling games for the Major League Baseball Network. 'I just couldn't in good conscience encourage people to do something which I know — for some of them it's obviously just a little recreation and it's fine, but there's an insidious aspect to it that I didn't want to be part of,' he explained. Watch his full 'Meet the Press' interview below: There are 38 states in the United States that allow some degree of legal sports betting. Since the Supreme Court dismantled the Professional and Amateur Sports Protection Act (PASPA) in 2018, nearly every state has attempted some form of legalization. 'It's not fair enough to know exactly what the legislation would look like, but perhaps there should be more regulation. We're moving toward nearly all 50 states legalizing gambling at this point,' Costas warned. 'And it's inevitable if in fact as a group and over time gamblers didn't lose more than they win, then no back alley crap game, no casino in Atlantic City or Vegas, no racetrack, and now Bet MGM, Draft Kings, whatever it is, would ever exist.' The renowned broadcaster emphasized that sports gambling strikes a personal nerve. 'Well, my father was an inveterate gambler,' he later said, 'and I looked at him as a sort of Runyon-esque character: colorful, humorous, high-spirited. But it would be untruthful to say that it was all smooth sailing. 'There was a lot of trauma in our family life because he had a volatile temper and the mortgage was often riding on how his bets went,' Costas continued. 'And he didn't bet on, you know, cards or poker games or crap games or go to the racetrack. He bet on baseball, football, basketball games.' He attempted to bond with his father through sports. 'I'm sure I would have been a sports fan anyway like most of my fans, but I became even more knowledgeable. I became granularly knowledgeable because he was following all this so closely, and I was by his side,' Costas said. Costas also discussed the intersection of sports and politics with Welker. 'I think that politics inevitably has intersected with sports. Anyone who says that politics has no place in sports has to be abysmally unaware of the history here, a history that goes all the way back to Jack Johnson and Jesse Owens and Joe Louis and Jackie Robinson and Billie Jean King and Arthur Ashe and Curt Flood and Tommy Smith and John Carlos,' he insisted. 'Now, of the names I've mentioned, with the exception of Billie Jean, most of them are African American. But that's part of the story because until fairly recently in our nation's history sports and some aspects of entertainment have been the only avenues that were broadly – and even then there was a fight, Jackie Robinson didn't come until 1947– that were broadly accessible to people of color or where someone like Billie Jean King could make a larger statement about women's rights, not just within sports. And to turn your back on that is to wear a blindfold.' Watch the interview with Bob Costas in the video above. The post Bob Costas Fears the Ease of Sports Gambling Will Lead to Addiction: 'It's Going to Ruin Some Lives, That's Inevitable' | Video appeared first on TheWrap.


CNBC
04-07-2025
- Business
- CNBC
OpenAI CEO Sam Altman says he's 'politically homeless' in July 4 post bashing Democrats
OpenAI CEO Sam Altman posted on X Friday, saying he finds himself "politically homeless" as the Democratic party is no longer aligned with encouraging a "culture of innovation and entrepreneurship." Altman, whose company is a leader in artificial intelligence, made the post in celebration of the Fourth of July, saying he is "extremely proud to be an American" and believes the U.S. "is the greatest country ever on Earth." He used the post to share some of his political ideology, saying he believes in "techno-capitalism." "We should encourage people to make tons of money and then also find ways to widely distribute wealth and share the compounding magic of capitalism," he wrote. "One doesn't work without the other; you cannot raise the floor and not also raise the ceiling for very long." Altman, 40, said he's believed this ideology since he was 20, and that Democrats were aligned with it then but have since lost the plot and have completely "moved somewhere else at this point." "I'd rather hear from candidates about how they are going to make everyone have the stuff billionaires have instead of how they are going to eliminate billionaires," Altman wrote. That comment appears to have been in response to New York City Democratic mayoral candidate Zohran Mamdani, who this week said he does not think billionaires should exist. "I don't think we should have billionaires because, frankly, it is so much money in a moment of such inequality and ultimately what we need more of is equality across our city and across our state and across our country," Mamdani said on NBC's "Meet The Press."
Yahoo
30-06-2025
- Business
- Yahoo
Mamdani doubles down on plan for 'richer and whiter' NYC neighborhoods, says billionaires shouldn't exist
New York City mayoral candidate Zohran Mamdani doubled down on his plan to tax "richer and whiter neighborhoods," while also adding that he believes billionaires should not exist. The democratic socialist claimed Sunday that his push to burden white taxpayers was not racist, despite his agenda explicitly targeting white-majority areas. "That is just a description of what we see right now," Mamdani told NBC's "Meet the Press" on Sunday. "It's not driven by race. It's more of an assessment of what neighborhoods are being under taxed and overtaxed." Mamdani's policy proposal, "Stop the Sqeeze on NYC Homeowners," outlines his plans to "shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and whiter neighborhoods." New York Mayoral Hopeful Zohran Mamdani Slams Capitalism On Cnn, Cites Mlk To Defend Socialism The policy notes that homeowners in wealthy neighborhoods "pay less than their fair share," and proposes adjusting tax rates and assessment percentages to address the supposed imbalance. Read On The Fox News App New York Democrat Says Mayoral Candidate Zohran Mamdani 'Too Extreme To Lead' When asked whether he would change the language of the proposal, Mamdani deflected, saying that the proposal is meant to ensure a fair property tax system and that the wording simply reflects an observation. "The use of that language is just an assessment of the neighborhood." Mamdani said. "I'm just naming things as they are," he added. "The thing that motivates me in this is to create a system of fairness. It is not to work backwards from a racial assessment of neighborhoods or our city." Bernie Sanders, Aoc-backed Mayoral Candidate Planning Massive Spending Increases In Nyc Mamdani also reiterated his belief that "we shouldn't have billionaires," despite campaigning in the city believed to have the most billionaires in the world at 123 people. "I don't think that we should have billionaires, frankly," he said. "It is so much money in a moment of such inequality. And ultimately, what we need more of is equality across our city and across our state and across our country."Original article source: Mamdani doubles down on plan for 'richer and whiter' NYC neighborhoods, says billionaires shouldn't exist

Yahoo
29-06-2025
- Politics
- Yahoo
Chris Murphy calls birthright citizenship ruling 'dangerous'
Sen. Chris Murphy (D-Conn.) on Sunday condemned the Supreme Court's decision to rule in President Donald Trump's favor over nationwide injunctions in its birthright citizenship case. Murphy on Sunday told NBC's Kristen Welker that the ruling allows Trump to 'undermine' democracy. 'Taking away the power of courts to restrain the president when he's clearly acting in an unlawful manner, as he is when he says that children born in the United States are no longer citizens, you are assisting him in trying to undermine the rule of law and undermine our democracy,' Murphy said on 'Meet the Press.' Though the Supreme Court's decision did not give Trump a complete win, it did narrow nationwide injunctions that blocked his January executive order trying to end birthright citizenship for certain individuals. By a 6-3 ruling, the Supreme Court said that federal judges can't, with perhaps limited exceptions, issue injunctions that go beyond their regional authority. 'It's really dangerous because it will incentivize the president to act in a lawless manner,' Murphy added. 'Because now only the Supreme Court, who can only take a handful of cases a year, can ever stop him from violating the laws and the Constitution.' Trump has long supported ending birthright citizenship. On his first day in office this year, Trump signed an order to deny American citizenship to anyone born in the U.S. to foreigners on short-term visas or without legal status. But the 14th Amendment declares anyone 'born or naturalized in the United States and subject to the jurisdiction thereof' as a citizen of the United States. The 6-3 decision down ideological lines did not weigh in on the constitutionality of Trump's order or interpret the meaning of that clause, but the White House declared Friday's ruling to be a major victory for the administration. 'I'm grateful to the Supreme Court for stepping in and solving this very, very big and complex problem, and they've made it very simple,' Trump said of the ruling. Still, Murphy said the ruling, which will take effect later in July, only creates a 'patchwork' of citizenship laws that could differ from state to state. 'Both the Constitution and the law is clear. If you're born in the United States of America, you're a U.S. citizen,' Murphy said. 'But now because there's no longer going to be a federal policy, it's going to be different in every state. A child born in the United States, born in Connecticut will be a citizen. But that same child if they were born in Oklahoma might not be. That's chaos.' CORRECTION: The TV network for "Meet the Press" was incorrect in an earlier version of this article, as was Kristen Welker's first name.