⚖️ A judge says that the Justice Department can continue investigating the seized material from former President Trump’s home while they litigate the case.
The U.S. Federal Reserve will raise interest rates another 0.75%. It feels like decades ago that they were at 0% but it was less than one year ago!
This is the third consecutive increase and likely not the last. All 19 members of the board voted for this increase. There will be two more Fed meetings this year and most are expecting at least two more similar increases before the clock strikes 2023.
Fed officials are hoping that these big rate jumps will slow inflation to 3.1% by 2023.
The office of New York Attorney General Letitia James filed a lawsuit against former President Trump and his three oldest children on Wednesday. The claim accuses the Trumps and their organization of inflating the value of assets in order to secure favorable bank loans.
“There aren't two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans,” James said on Twitter. “Trump's crimes are not victimless. When the well-connected and powerful break the law to get more money than they are entitled to, it reduces resources available to working people, small businesses, and taxpayers.”
The suit claims inflated values for a number of Trump-owned assets. It asks a court for a judgment of $250 million and to prohibit any of the Trumps from serving as officer or director of any New York organization in the future.
The former President has reportedly already offered a settlement for this case but the AG rejected it. That doesn’t mean that a settlement won’t come eventually but the AG clearly wanted this case to be filed at the very least.
Throw Out That Body Wash
Alright guys let’s chat skincare. If your skincare routine is basically you washing your face in the shower with that one shower gel that you’ve been using since high school – then it’s time to level up that skincare game! Because as it turns out that regular body wash you have been using, that you thought was “good enough” is probably damaging your skin. But thanks to Lumin you can drop that bottle of three in one and start using products that actually take care of your skin.
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Facebook parent company Meta plans to reduce expenses by 10%, partly through layoffs. Facebook growth has stalled for the first time in the company’s history and forcing the company to cut back on expenses. According to the Wall Street Journal, “Meta reported having 83,553 employees at the end of the second quarter, up 32% from a year ago.”
Google is also asking some of its employees to apply for jobs elsewhere in the company or else.
This follows a hiring spree in 2021 but as economists have been predicting, layoffs are coming for everyone. Even the Silicon Valley.
A new study of school uniforms in the U.S. and Canada found that they contain forever chemicals, or PFAS.
School uniforms are made to be stain resistant. The chemicals that are added to make them stain resistant contain forever chemicals.
Scientists are not saying that these uniforms harm children but they expressed concern because forever chemicals have been linked to all manner of health issues from fertility to obesity. But constant exposure to the skin, the largest organ in the body, is clearly of concern.
In the UK, uniforms are reportedly PFAS-free. Also, if you meet my middle daughter, you’d see that there is no such thing as stain-proof.
News By The Numbers
40,000. That is how many people Walmart will hire for the holiday season. That is significantly down from last year when the company hired 150,000 people for the holidays.
2030. That is when Uber says that all of its drivers will use electric cars.
$3,195. That is how much the new Peloton Row costs. It is available for pre-order now and will ship in December.
Whoopi is trending because she shut this conversation down on The View in which one host attacks politician Nikki Haley for allegedly using a nickname. That host Whoopi uses a nickname.
Boycott PayPal is trending because PayPal shut down the account of a parents’ group that advocated keeping schools open during the pandemic due to the “nature of its activity.”
Dahmer Netflix is trending because the new Netflix series about the life of serial killer Jeffrey Dahmer was released yesterday.
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