President Donald Trump announced he will not sign a bipartisan housing affordability bill, calling it "a big yawn." He cited "PROTEST" over the Senate's failure to pass his "SAVE AMERICA ACT," which requires proof of citizenship for voting. The housing bill, aimed at speeding up construction and limiting Wall Street ownership of homes, can become law without his signature.
California Gov. Gavin Newsom advocates for a nationwide tax on billionaires, dubbed an "economic reset for America," while reiterating his opposition to a state-level wealth tax proposal set for a November vote, arguing it would drive wealth out of California.
The House of Representatives approved a bill to prohibit political dynasties, a move that comes nearly four decades after the 1987 constitution mandated such legislation. The bill bars close relatives from simultaneously holding elective posts in the same jurisdiction.
UK government plans to lower electric car sales targets from 80% to 50% by 2030 have drawn strong criticism from the charging industry and EV brands. Critics argue this move, influenced by manufacturer and union lobbying, will harm investment, jobs, and the UK's automotive future, potentially benefiting Chinese manufacturers.
Olivia Trujillo, President Claudia Sheinbaum's dressmaker, shares insights into creating the president's signature suits and dresses. Despite Sheinbaum's busy schedule, Trujillo expresses a desire for fittings, highlighting the personal touch often missing in the president's tailored wardrobe.
Olivia Trujillo, President Claudia Sheinbaum's dressmaker, shares insights into crafting the president's signature style, highlighting Sheinbaum's preference for Mexican fabrics and Indigenous motifs. The article also delves into Sheinbaum's political journey, her background as a scientist, and her distinct leadership style compared to her predecessor.
Estonia is urging the EU to ban former Russian soldiers from entering the bloc, arguing they could be recruited by Putin's security services for sabotage or espionage. The Baltic nation has blocked 1,300 ex-combatants from entering this year and wants a blanket ban even after fighting in Ukraine ends. EU foreign policy chief Kaja Kallas supports the proposal, with concrete proposals expected by June.
University of Oregon chemist Christopher Hendon has developed a novel method for measuring coffee's flavor profile using a potentiostat—an electrochemical tool typically used for battery testing. By sending an electrical current through coffee samples, the technique measures how electricity interacts with the liquid, providing a better assessment of flavor than existing methods. The study focused on roast color and beverage strength, the two variables most affecting sensory profile. Hendon successfully tested the method on four coffee bean samples, identifying the distinctive signature of a batch that failed quality control.
Bank of America economist Aditya Bhave warned that Kevin Warsh's proposed trimmed-mean inflation measure — which removes extreme price shocks — might not achieve its intended effect. While Warsh's method shows softer inflation (2.3-2.8% vs 3% core PCE), Bhave noted it could paradoxically give more weight to food and energy prices. Historical data shows trimmed-median exceeded core PCE in 2019-2020, which would have encouraged a hawkish Fed stance.
