Homeowners in the Villas of Carillon townhome community in Feather Sound, Florida, are grappling with a significant financial burden following a request from their homeowners association (HOA) board for a $60,000 special assessment. In early June, homeowners received notice detailing that the HOA’s reserves had never been fully funded in its 20-year history, presenting the…
United Parcel Service (UPS) has announced plans to close its Baltimore County distribution warehouse, leading to the layoff of 540 workers. The company notified the Maryland Department of Labor on June 20 about the closure of its facility located at 3901 Vero Road, scheduled for August 23. This 182,000-square-foot facility, situated off Interstate 95 and…
In a last-minute decision that has raised eyebrows, Governor Gavin Newsom signed Senate Bill 1524 on Saturday, permitting California restaurants and bars to continue charging service fees, healthcare costs, and other surcharges, provided they are clearly listed for diners to see. This move, while a relief to many in the service industry, also personally benefits…
John Deere, the American icon of farm equipment, has announced that it will lay off about 610 workers from its plants in Illinois and Iowa. These job cuts are happening because the company is facing rising costs and lower demand for their products. The affected plants include East Moline, Illinois, where 280 workers will lose…
In a nostalgic twist of fate, Basic Fun!—the iconic toy company behind beloved brands like Tonka trucks, Lincoln Logs, and more—has filed for Chapter 11 bankruptcy, signaling a sobering reality for traditional hands-on toys amidst the digital age. Basic Fun!’s extensive portfolio spans generations, encompassing timeless classics such as Care Bears, Lite Brite, and K’nex,…
As the COVID-19 pandemic receded, the U.S. housing market began grappling with a significant challenge: rapidly increasing rent rates. Under President Joe Biden’s administration, a notable surge in immigration has become intertwined with this trend, potentially contributing to the escalating costs of rental housing. Upon taking office in January 2021, President Biden swiftly reversed many…
Warren Buffett, the famous investor and billionaire, often gives advice about money and investing. He’s known for his simple and practical approach, but some of his suggestions might seem unrealistic for people who don’t have a lot of money. One of his main pieces of advice is to invest in the stock market. Buffett believes…
Imagine a scenario that keeps American car companies awake at night: Chinese car manufacturers set up factories in Mexico to take advantage of North American trade rules. They then flood the U.S. market with very cheap electric vehicles (EVs). This scenario poses a significant threat to the American auto industry, particularly to major players like…
California motorists are bracing for another hike in gas taxes come July 1. The state’s excise tax on gasoline is set to increase from 57.9 cents to 59.6 cents per gallon, according to an announcement from the California Department of Tax and Fee Administration. This move is part of an ongoing trend that has seen…
In his recent State of the State address, Governor Gavin Newsom made a bold claim: “Here’s the truth Republicans never tell you: California is not a high tax state.” This assertion, while partially accurate, requires deeper examination to fully understand the nuances of California’s tax system. California’s tax system is progressive, meaning that the more…
