Black people like me because I'm 'discriminated against' too, Trump claims

Trump lawyers vie to discredit key witness Cohen at trial

Credit Card Delinquencies Are on the Rise

Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. . In Q1 2024, delinquencies reached 8.9% at an annualized rate. America hasn't seen this high of a percentage of serious credit card delinquencies since 2012, Fox News reports. . In the first quarter of 2024, credit card and auto loan transition rates into serious delinquency continued to rise across all age groups, Joelle Scally, regional economic principal within the Household and Public Policy Research Division at the New York Fed, via Fox Business. An increasing number of borrowers missed credit card payments, revealing worsening financial distress among some households, Joelle Scally, regional economic principal within the Household and Public Policy Research Division at the New York Fed, via Fox Business. Researchers aren't sure why delinquencies are so high since the unemployment rate is low, but they have a few theories. One of those theories is that consumers drained savings throughout the pandemic but continue to spend at high levels. Another theory is that some Americans switched to jobs with lower salaries. Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic. These are all kinds of complex issues. We don't exactly know what's behind the increase of these delinquency rates. But it's definitely something that we're tracking, New York Fed researchers, via Fox Business. The average annual percentage rate for credit cards hit a record of 20.72% recently.

Experts Question Claim That Yogurt Can Help Prevent Type 2 Diabetes

Experts Question Claim , That Yogurt Can Help , Prevent Type 2 Diabetes. Associated Press reports that the United States Food and Drug Association's recently allowed yogurt producers to claim it reduces the risk of Type 2 diabetes. . However, at the time, the agency acknowledged that the claim is based on limited evidence. In 2018, Danone North America, the U.S. side of the French firm, sought FDA clearance for making the "qualified health claim.". Qualified health claims lack full scientific support but are allowed as long as manufacturers include a disclaimer to avoid misleading the public. Similar qualified health claims have been allowed for dietary supplements since 2000 and for food products since 2002. . In March of 2024, the FDA granted Danone's request. . According to the FDA, there is some evidence that eating at least 2 cups of yogurt a week could reduce the risk of developing Type 2 diabetes, which impacts about 36 million Americans. Critics of the FDA's decision have countered that the claim is not based on randomized control trials which could prove or disprove yogurt's purported health benefits. Critics of the FDA's decision have countered that the claim is not based on randomized control trials which could prove or disprove yogurt's purported health benefits. The Center for Science in the Public Interest, an advocacy group, cautions that no single food can reduce the risk of developing a disease linked to overall diet. AP reports that experts have expressed concerns that the label change could encourage people to eat yogurt high in sugar, which could increase the risk of developing diabetes

FTC to Decide Whether Noncompete Agreements Should Be Banned

FTC to Decide , Whether Noncompete Agreements , Should Be Banned. After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. . The commission said that if approved, the final rule "would generally prevent most employers from using noncompete clauses.". The commission said that if approved, the final rule "would generally prevent most employers from using noncompete clauses.". Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. . The Biden administration says that these types of agreements hurt workers by decreasing wages. The White House also argues that these agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. . FTC Chair Lina M. Khan issued a statement when the proposed ban was initially introduced. The freedom to change jobs is core to economic liberty and to a competitive, thriving economy, FTC Chair Lina M. Khan, via statement. Noncompetes block workers from freely switching jobs, depriving them of higher wages and better working conditions, and depriving businesses of a talent pool that they need to build and expand, FTC Chair Lina M. Khan, via statement. Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information. Those businesses also question whether the agency has the power "to regulate such agreements," NPR reports. . If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days, and legal challenges would likely ensue.

Millennials Want a 4-Day Workweek, Poll Indicates

Millennials Want a 4-Day Workweek, , Poll Indicates. Redfield and Wilton Strategies recently conducted a poll for 'Newsweek' to find out how Americans feel about the idea of moving toward a four-day workweek. 4,000 U.S. voters were surveyed between April 6 and 7. 63% were in favor of a four-day workweek. 46% think the model makes employees more productive. Out of all age groups surveyed, millennials accounted for 74% of those who want to work less hours. Of that 74%, 44% "were strongly in favor of a shorter working week," 'Newsweek' reports. 50% of people born in 1964 and before supported a four-day workweek. The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress. The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress. The sad reality is, Americans now work more hours than the people of most other wealthy nations, Bernie Sanders, via March 2024 health committee hearing. Lisa Countryman-Quiroz, CEO of non-profit JVS, called a 5-day, 40-hour workweek outdated. The five-day workweek was created in a different time. It served its purpose, but today's world is more fast-paced and technology-driven than our workplace predecessors could have imagined, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'. Since implementing a four-day workweek, our results have been incredible. , Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'. We've found our employees are more productive, report better work-life balance, and experience less burnout. Incredibly, our turnover rate has been cut nearly in half, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'

Biden Looks to Energize Young Voters With Earth Day Solar Energy Grants

Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants. Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants. NBC reports that President Joe Biden will mark Earth Day with the announcement of $7 billion in federal grants for residential solar projects. NBC reports that President Joe Biden will mark Earth Day with the announcement of $7 billion in federal grants for residential solar projects. The grants will bring solar energy to over 900,000 households in both low- and middle-income communities. . According to senior administration officials, the projects receiving additional funding will reduce emissions by 30 million metric tons and save $350 million every year. . According to senior administration officials, the projects receiving additional funding will reduce emissions by 30 million metric tons and save $350 million every year. . NBC reports that solar power has gained traction as a clean energy source that could help reduce U.S. reliance on fossil fuels. However, the high cost of initial installation makes solar energy inaccessible for many households in the U.S. However, the high cost of initial installation makes solar energy inaccessible for many households in the U.S. 49 of the new grants will be awarded at the state level, six more will serve Native American tribes and another five are multi-state awards. The grants will be used for renewable investments that include rooftop solar and community solar gardens. . The grants will be used for renewable investments that include rooftop solar and community solar gardens. . Officials say that the latest environmental announcements are part of an effort to energize young voters ahead of his upcoming reelection campaign. Biden also reportedly plans to expand the American Climate Corps green jobs training program, which was created last year by executive action. . Biden also reportedly plans to expand the American Climate Corps green jobs training program, which was created last year by executive action. . The corps, which will offer nearly 2,000 positions across 36 states, is meant to offer young Americans the chance to help enact the Biden administration's climate agenda. . The corps, which will offer nearly 2,000 positions across 36 states, is meant to offer young Americans the chance to help enact the Biden administration's climate agenda.