#economic-impact

#economic-impact

New York City will probably soon see three new casinos, whose owners could rake in profits because of a recent surge in gambling in the United States that has some campaigners worried. The New York gaming facility location board this week approved three proposed casinos in the US's largest city two in Queens and one in the Bronx after determining the businesses would create new jobs and generate billions in tax revenue, according to the group's report.

From his inauguration to last month's glitzy White House dinner for the Saudis, Trump basks in the support, gifts and affirmation of the most famous AI leaders and companies in the world. The big picture: Trump has essentially fused Silicon Valley and government in a race to both beat China to all-powerful AI and rescue an economy that's treading water outside of the AI boom. He has rolled back regulations, awarded huge contracts, and downplayed concerns about AI safety or downside risk.

"Moreover, we had the traditional underestimation of the opponent and overestimation of our own military."

Their purpose is to reduce or eliminate barriers to the exchange of goods and services; they do this in an assortment of ways, including lowering tariffs, creating straightforward customs procedures, and setting clear rules for business activity. FTAs also create more efficient and competitive markets. These agreements can aid in economic growth by creating better access to new markets, encouraging innovation, and lowering prices for consumers.

Trump in an August executive order said federal grants had been insufficiently vetted, and some propagated absurd ideologies. Hastings, whose South San Francisco firm Nkarta engineers killer cells to fight disease, said biotechnology companies across the board are cutting staff and product-development projects as uncertainty over what comes next rattles investors.

For 17 years, she had earned a living cutting and polishing the gems that helped transform Botswana from one of the world's poorest nations into one of Africa's success stories. Diamonds were discovered in 1967, a year after independence, an abrupt change of fortune for the landlocked country. Botswana became the world's top diamond producer by value, and second-largest by volume after Russia. Diamonds are woven into the national identity.

The extended rant came in the wake of the Wednesday shooting of two National Guard members who were deployed to patrol Washington, D.C. under Trump's orders, one of whom died shortly before the president spoke to U.S. troops by video on Thursday evening. A 29-year-old Afghan national who worked with the CIA during the Afghanistan War is facing charges for the shooting. The suspect emigrated as part of a program to resettle those who has helped American troops after U.S. withdrawal from Afghanistan.

A new assessment by the International Monetary Fund (IMF) has concluded that corruption in Pakistan is behind an economic crisis driven by state capture where public policy is manipulated to benefit a narrow circle of political and business elites. The Governance and Corruption Diagnostic Assessment (GCDA), finalised in November 2025, presents a grim picture of a system marked by dysfunctional institutions that are unable to enforce the rule of law or safeguard public resources.

Black women are being sidelined at scale Since February, Black women have lost 297,000 jobs. Another 223,000 remain unemployed. And 75,000 have been pushed out of the labor force entirely. I estimate that these forced exits alone are draining an estimated $9.2 billion from U.S. GDP this year. These aren't just missing paychecks; they represent lost productivity, lost tax revenue, and diminished national output.

Super Bowl 60 arrives at Levi's Stadium in Santa Clara on February 8, 2026, drawing attention to the region's blend of innovation and culture. The Bay Area Host Committee unveiled a series of activations designed to highlight the area's strengths as a host for global gatherings. With the game just months away, preparations ramp up to create memorable experiences for fans and locals alike.

Globally, an estimated 50 million people were living as digital nomads by 2024, roughly doubling from around 20 million just a few years prior. In the United States alone, the number of people identifying as digital nomads increased from approximately 7.3 million in 2019 to 18.1 million in 2024, a 147% rise since pre-pandemic times. While remote workers once scattered randomly across the globe, something remarkable happened: they started clustering in specific countries where their foreign income could stretch furthest.

A field of blazing flowers bloomed in front of Durham cathedral, a net of pulsing green light arched over the market place, and the traffic control signs were warning of global warming and mass extinctions. Farewell to Arctic ice and the Queenwood shrub frog, they read, and they might have read farewell to Lumiere. For three nights and one last time, the much admired-and imitated-Lumiere festival is bringing joy, crowds and international light artists to the dark winter streets.

A U.S. Travel Association report forecasts a 3.2 per cent decline in international tourism spending in the country for 2025, a loss of $5.7 billion US compared to the previous year. The association largely attributes the loss to a decline in the number of Canadian visitors a trend that has persisted since U.S. President Donald Trump returned to office in January, sparked a trade war with Canada and began referring to the country as the 51st state.

What is the current shutdown's expected economic impact? The CBO estimate says the federal spending delay will produce short-term economic losses - largely in the fourth quarter of 2025 - that will mostly be recouped during the first quarter of 2026, assuming the shutdown ends by then. CBO projected how much the shutdown would hamper U.S. economic growth per quarter, adjusted for inflation and multiplied by four, to convert a quarterly figure into an annual one.

Since the beginning of the COVID-19 pandemic, home prices in the United States have climbed twice as fast as incomes. Now, millions of Americans are effectively priced out of the market. Surging home prices are due in large part to a historic housing shortage, estimated to be as high as 4.7 million units. While the ongoing housing affordability crisis has grown especially pronounced in the last five years, the causes of the supply shortage can be traced back nearly two decades.