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News & Articles By Cassie B.
02/21/2025
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By Cassie B.
IRS fires 6,000 employees as Trump Administration targets government waste
The IRS has laid off 6,000 probationary employees, targeting hires from Biden’s IRS expansion, as part of Trump’s government efficiency push. Critics argue the cuts, timed before tax season, could disrupt services, while the administration claims they ensure taxpayer dollars are spent wisely. The layoffs focus on customer service, IT, and tax dispute roles, sparing […]
02/18/2025
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By Cassie B.
Argentine president Javier Milei faces impeachment over $107 million crypto scandal
Argentine President Javier Milei faces impeachment risk after promoting a cryptocurrency that collapsed, losing 94% of its value. The token?s plunge follows an $107 million liquidity siphon by insiders, leaving investors with nearly worthless tokens. Milei’s critics and opposition lawmakers accuse him of enabling a scam, questioning his judgment and demanding accountability. This is not […]
02/18/2025
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By Cassie B.
Trump unveils reciprocal tariffs to level trade playing field, targets VAT systems
President Trump announced reciprocal tariffs to match tariffs imposed by other nations on U.S. goods, aiming for a “fair and reciprocal” trade environment. The policy targets value-added taxes (VAT) used by countries like the UK and China, which Trump argues are more punitive than traditional tariffs. The administration will review tariffs, VAT systems, and other […]
02/17/2025
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By Cassie B.
South Korean banks halt silver bar sales amid global and domestic uncertainty
South Korean banks halt silver bar sales due to surging demand, following a similar suspension of gold bar sales earlier this year. Rising global economic uncertainties and domestic political instability are driving investors toward safe-haven assets like gold and silver. Major banks, including KB Kookmin and Shinhan, are affected, with supply chains overwhelmed by the […]
02/16/2025
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By Cassie B.
DOGE exposes federal government’s bizarre use of limestone mine to process retirement papers by hand
Elon Musk’s DOGE uncovered a 230-foot-deep limestone mine in Pennsylvania used to manually process federal retirement paperwork, sparking widespread criticism. The facility employs 700 workers to handle 10,000 retirement applications monthly using outdated methods like manila envelopes and cardboard boxes. Despite $130 million spent on digitization efforts, the government has only progressed to the letter […]
02/14/2025
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By Cassie B.
Trump administration targets 200,000 probationary federal workers in sweeping workforce cuts
The Trump administration has directed federal agencies to terminate approximately 200,000 probationary employees to streamline government operations and reduce waste. Layoffs, executed via prerecorded videos and emails, have already impacted thousands, with some employees given just 30 minutes to leave. The move aligns with President Trump’s broader agenda to shrink the federal workforce, including hiring […]
02/12/2025
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By Cassie B.
Trump’s reciprocal tariffs aim to level trade playing field for U.S. workers
President Trump plans to impose reciprocal tariffs on countries charging duties on U.S. imports, aiming to protect American industries and workers. The strategy seeks to level the playing field by matching foreign tariff rates, incentivizing trading partners to lower their tariffs. Critics warn of potential inflation and trade wars, but supporters argue it could boost […]
02/10/2025
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By Cassie B.
Trump announces 25% tariffs on steel and aluminum to protect U.S. industries
President Trump announces 25% tariffs on steel and aluminum imports to protect U.S. industries. Tariffs are part of Trump’s broader strategy for fair trade, with reciprocal tariffs planned to address imbalances. U.S. steel and aluminum stocks surge, with predictions of increased domestic manufacturing and job creation. Trump cites national security concerns, arguing that domestic production […]
02/05/2025
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By Cassie B.
China prepares to resume trade talks with Trump amid tariff pressures
Trump’s new tariffs have compelled China to reopen trade negotiations, addressing issues like the fentanyl crisis. China will reportedly propose reviving the Phase One trade deal and increasing U.S. product purchases, particularly in agriculture and energy. The tariffs are expected to impact China’s GDP, pushing Beijing to avoid a full-scale trade war. Canada and Mexico […]
02/02/2025
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By Cassie B.
London gold market faces shortage and prices soar as Trump tariff fears spark U.S. stockpiling
A surge in gold deliveries to the U.S., driven by fears of potential tariffs under Trump, has caused a shortage in London, the world’s largest gold trading hub. Gold prices hit a record high of $2,800.99 per ounce, fueled by safe-haven demand amid fears of economic disruptions from tariffs. Logistical challenges in moving gold globally, […]
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