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The US is insolvent. It’s not an exaggeration, it’s an economic fact. At least it’s not bankrupt yet. There is a big difference between the two. Bankruptcy is when you are unable to pay your invoice when it is due. When you can’t pay your bills and can’t borrow money to cover them, you’ll go bankrupt.Levin (Main Street Economics)Today, America is bankrupt. You cannot fulfill your obligations based solely on income. Investors are still lending to us, so we avoid defaults and bankruptcy. In short, we live with credit cards. As long as the card swipes, the music will play.…
Matt Brown and Matt O’Brien WASHINGTON (AP) – House Republicans have surprised tech industry watchers, adding clauses to the Republican signed “big, beautiful” tax bill, and a clause that prohibits states and regions from regulating artificial intelligence for a decade. The short but consequential provisions that fall within the fundamental markup of the House Energy and Commercial Commission are a major benefit to the AI industry. This has lobbyed for uniform, light touch regulations to develop technologies that promise to transform society. However, while the provisions will be widespread if enacted, they face long odds in the US Senate. “I…
FORT MYERS, Fla. (WFLA) – A man is faced with charges after Fort Myers police say they shot a neighbor, a two-year-old pit bull, and injured a dog to the point that they had to be euthanized. According to the Fort Myers Police Department, 33-year-old Merci-Dieu Ferd Ferd Frenot was arrested and charged with aggravated animal cruelty following the May 15 incident, causing excessive pain or death. Pasco woman photographed, killing her husband, “click, click, boom”: affidavit NBC affiliate WBBH spoke with Kenneth Baker, the owner of the dog who claimed his pet was not a threat. “The dogs are…
By Michelle Chapman Charter Communications is offering to acquire Cox Communications, a $34.5 billion merger that combines two of the top three US cable companies. Cox is the country’s third largest cable television company with over 6.5 million digital cable, internet, telephone and home security customers. There is a strong footing in the states that span California and Virginia. More widely known as Spectrum, Charter Communications has over 32 million customers in 41 states. The cable industry has been attacked for years from streaming services such as Disney, Netflix, Amazon, HBO Max, and internet plans offered by mobile phone companies.…
MIAMI, Fla. (WFLA) – The U.S. Coast Guard loaded an estimated $140 million worth of illegal drugs in the Port Everglades on Friday. The suspect, whose officials were detained by the United States, was seized from six suspicious vessels that halted between April 12th and May 7th in the Atlantic and Caribbean. Of the 255 people, a former Bucs player was arrested for “Searching Fools.” In total, contraband amounted to around 19,055 pounds of cocaine and marijuana. Of that, 10,000 pounds were seized from one fishing boat that stopped 1,200 miles west of the Canary Islands. (Credit: US Coast Guard)(Credit:…
It has been more than 100 days since President Donald Trump took office. He vowed to lower food prices on the first day during the campaign, and while egg prices are finally falling, the costs of other consumer goods remain high. At currently at $6 per pound, the average price for ground beef has hit a record high for the third consecutive month, jumping 15 cents since March. Electricity costs also peaked in April, according to the latest data from the Consumer Price Index. Some good news? Egg prices have fallen from an all-time high. The average egg cost was…
TAMPA — Hillsboro Circuit Judge Nancy Jacobs will step down from the bench at the end of May, she announced Friday a few weeks after the state’s disciplinary committee recommended she be resigned.A committee of the Florida Judicial Qualifications Committee found Jacobs violated the judicial canon (the ethical rules running for the judges’ conduct and for the bench). The race, whose abortion rights became a major issue, featured hints of political partisanship, which is rare in Florida judicial contests.The panel concluded that Jacobs’ actions made her unsuitable for office.Her effective resignation on May 31 comes when the Florida Supreme Court…
Stark, Fla. (Hill) — The serial killer of the accused, executed for murder in Florida on Thursday, used his final words to express his support for President Trump after providing comfort to his family and the families of his victims. “President Trump, I’m keeping America great. I’m ready to go,” said 62-year-old Glenn Rogers, shortly before he died of a fatal injection due to the murder of Tina Marie Cribbs, the 34-year-old mother of the two he stabbed 30 years ago. Florida’s only public HBCU chooses a lobbyist with ties to DeSantis as the next president Rogers, originally from Ohio,…
Tallahassee – Florida’s unemployment rate rose to 3.7% in April. This is the third time this year. The Florida Department of Commerce released a report Friday showing an estimated 410,000 people lost jobs from their 11.203 million workforce in April. The 3.7% rate rose from 3.6% in February and March. Prices in January were 3.5%, up from 3.4% in December. It was 3.3% in April 2024. The number of eligible people unemployed increased 7,000 in April, 46,000 more than in April 2024, the report shows. Meanwhile, the labor force increased by 5,000 in April, and 57,000 from April 2024. Statewide,…
TALHASSEE, Fla. (WFLA) – New details have been revealed in a timeline of events before and after last month’s fatal shooting at Florida State University. Phoenix Echner, 20, is considered a archer and faces two counts of first-degree murder and seven attempted murders. Officials said the updated timeline for the event began with Ichner reaching the FSU parking garage at 11:00am and entering and leaving the vehicle for about an hour. 11:56 AM -Ikner fires the first shot.11:57 AM -Ikner is seen running with a firearm towards the Student Union.11:58am – Multiple 911 calls begin. Ikner continues shooting, attacking multiple…