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Mike Waltz faces Senate grilling over Signal chat

by David Harrison – Chief Editor July 15, 2025
written by David Harrison – Chief Editor

Waltz Pivots UN Role Amidst “America First” Overhaul

Senate Grills Nominee on Reforms, Funding, and Past Security Blunders

WASHINGTON – Mike Waltz outlined a vision for the United Nations Tuesday, emphasizing a return to core missions and a critical review of U.S. financial support under a potential Trump administration focused on “making the U.N. great again.” As the nominee for U.S. Ambassador to the United Nations, Waltz signaled a strong commitment to major reforms, aligning with the priorities of President Donald Trump and Secretary of State Marco Rubio.

“Back to Basics” at the World Body

During his Senate confirmation hearing before the Foreign Relations Committee, Waltz articulated his belief that the U.N. should serve as a crucial global forum. He stated, “We should have one place in the world where everyone can talk — where China, Russia, Europe and the developing world can come together and resolve conflicts.” However, he also voiced concern that the organization has strayed from its original peacekeeping mandate after eight decades.

Scrutiny Over Signal Chat Incident

The hearing addressed the controversial Signal chat incident from May, where Waltz, then a national security adviser, mistakenly included a journalist in a private conversation discussing sensitive military plans. While Waltz denied being removed from his previous post, Democratic senators raised strong objections to his handling of classified information. Senator Chris Coons remarked, “We both know Signal is not an appropriate and secure means of communicating highly sensitive information.” Senator Tim Kaine labeled the action an “amateurish move,” and Senator Cory Booker expressed disappointment, citing a “lack of accountability” from Waltz and other administration officials.

Waltz maintained that the communication adhered to administration cybersecurity standards, asserting that “no classified information was shared.” He noted that a military investigation into the matter was still ongoing.

Reshaping Diplomacy and Combating Global Influence

The nominee detailed an agenda focused on challenging China’s growing global influence and scrutinizing U.S. funding for U.N. agencies perceived as having inefficient or redundant mandates. A key focus will be addressing what Waltz described as “deep antisemitism” within the United Nations system. This includes allegations of UNRWA, the U.N. agency for Palestinian refugees, promoting “antisemitic hate” in its schools in Gaza.

The U.N. itself is undergoing significant restructuring, partly in response to the current administration’s drastic cuts to foreign assistance, which have impacted humanitarian aid agencies. The organization is grappling with financial instability, leading to job reductions and project consolidations. According to the UN Department of Economic and Social Affairs, total assessed contributions for the UN regular budget and peacekeeping budget in 2023 amounted to over $3.3 billion. The administration’s strategy aims to ensure that all U.S. contributions directly serve compelling national interests.

U.N. Reform: A Critical Juncture

Senator Mike Lee of Utah emphasized the stakes for the U.N., stating that with Waltz at the helm, “the U.N. will have what I regard as what should be its last chance to demonstrate its actual value to the United States.” He added that the Security Council has an opportunity to prove its worth in settling disputes and brokering deals, moving beyond “progressive political virtue signaling.” Waltz pointed out that while U.N. revenue has increased significantly, this growth has not been matched by a commensurate rise in global peace, noting that U.N. revenue “has quadrupled in the last 20 years” without a direct link to increased peace.

Waltz’s Continued White House Role

Questions were also raised regarding Waltz‘s continued employment on the White House payroll as an adviser, earning an annual salary of $195,200, despite his departure as national security adviser. A White House official explained this was to ensure a smooth transition. Waltz clarified that he was being paid as an adviser “transitioning a number of important activities,” refuting the assertion that he had been terminated from his previous role.

July 15, 2025 0 comments
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Business

Content Writing Tips: Improve Your Skills & Productivity

by Priya Shah – Business Editor July 12, 2025
written by Priya Shah – Business Editor

With the U.S. economy solid but still facing elevated risk of recession — or, as President Trump described it in May, in a “transition period” — states are pitching themselves as the most stable place for companies to locate no matter what happens to the economy.

“Multiple international headquarters, hundreds of billions of committed investments across a variety of industries and the economy to handle it all,” the Indiana Economic Development Corporation promises.

“Georgia job creation remains strong,” that state’s Department of Economic Development assures. “The State of Georgia is celebrating another year of sustained momentum for business recruitment and expansions.”

“Wisconsin is one of the most fiscally responsible states in the nation,” the state’s Economic Development Corporation says.

A CNBC analysis of all 50 state economic development websites finds that the economy — and factors relating to it such as job growth, foreign direct investment and the housing market — are the most frequently mentioned selling point this year. Economy popped up 222 times in our tally, well ahead of the next most mentioned factor, infrastructure, at 203. Under the methodology for CNBC’s annual business competitiveness study, America’s Top States for Business, that makes Economy the heaviest weighted category in 2025.

But measuring state economies is more challenging than usual this year. Sweeping federal budget cuts are threatening to throw sand in the gears of an economic engine in many states. And tariffs — so far, a wildly moving target — are already crimping the economies of states that depend on international commerce.

“If you don’t know what your product is going to cost, if you don’t know if your export market is going to be there in six months, if you don’t understand the terms that you’re trading on, it makes it really hard to say, ‘Okay, we’re gonna take a risk and invest in this new product line’,” said Dan Anthony, president of Trade Partnership Worldwide, a Washington, D.C.-based economic data firm.

To score each state’s economy in this year’s Top States for Business study, we considered traditional measures such as state gross domestic product growth, job growth, state fiscal health, the number of major corporations headquartered in each state, and the strength of the local housing market. But we also considered how dependent each state is on a shrinking federal government for spending and hiring. And we considered each state’s exposure to a trade war, using data compiled for us by Trade Partnership Worldwide.

“The big things that we start out looking at is just really exposure to international trade, and particularly the goods trades,” Anthony said.

In addition, the data looks specifically at states’ exposure to China, which is at the heart of the trade war.

Some states are particularly vulnerable should the economy take a turn for the worse. But these states have what it takes to navigate a recession.

10. South Carolina

Table of Contents

  • 10. South Carolina
  • 9. Georgia
  • 8. Utah
  • 7. Idaho
  • 6. Washington
  • 5. New York
  • 4. Delaware
  • 3. North Carolina
  • 2. Texas
  • 1. Florida

Workers listen as US Vice President JD Vance speaks, during a tour of Nucor Steel Berkeley in Huger, South Carolina, on May 1, 2025.

Kevin Lamarque | AFP | Getty Images

While The Palmetto State is among the states most vulnerable to increased tariffs — international goods trade made up one-third of its GDP last year — South Carolina enters this unsettled period with one of the fastest growing economies in the nation, and some of the best job growth. Notably, that job growth is not occurring in the manufacturing sector, including the auto industry, where tariff increases could hit hard. Instead, the state’s biggest job growth is in construction, where employment rose more than 7% year-over-year in April, according to the U.S. Bureau of Labor Statistics. Federal revenue made up about 33% of the state budget last year, roughly in line with the national average.

2025 Economy Score: 274 out of 445 Points (Top States Grade: B-)

GDP (2024): $273.3 billion (+4.2%)

Job Growth (2024): +2.4%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 33%

International Goods Trade (2024): $91.4 billion (33.4% of GDP)

Major Corporate Headquarters: None

9. Georgia

A cargo ship and tug boat travel into the Port of Savannah on the Savannah River in Savannah, Georgia, US, on Saturday, April 12, 2025.

Parker Puls | Bloomberg | Getty Images

The Peach State’s diverse economy will come in handy should the national economy worsen. Seventeen companies in the Standard & Poor’s 500 are headquartered in Georgia, and while the home of the Port of Savannah is heavily dependent on international trade, there is plenty of other business to take up the slack in a slowdown. Georgia entered 2025 with solid economic growth, though job growth dropped off considerably. Hiring in most sectors, except for health care, has leveled off, or, in some cases, declined.

2025 Economy Score: 277 out of 445 Points (Top States Grade: B)

GDP (2024): $701 billion (+3.4%)

Job Growth (2024): +0.9%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 29%

International Goods Trade (2024): $197.6 billion (28.2% of GDP)

Major Corporate Headquarters: Home Depot, Delta Airlines, Coca-Cola

8. Utah

Homes under construction on private land outside the Uinta-Wasatch-Cache National Forest near Park City, Utah, US, on Tuesday, June 24, 2025.

George Frey | Bloomberg | Getty Images

The Beehive State’s economy was buzzing last year — leading the nation in GDP growth, and near the top for job growth. Utah‘s tech sector is a major driver, but some of the biggest job gains occurred in construction as the state tries to get ahead of a severe housing shortage.

For years, landlocked Utah has been pursuing the concept of an “inland port” to better link its dynamic economy to the rest of the world. The idea has morphed from a single, giant facility to 13 smaller ones around the state, but now, Utah’s embrace of international trade could backfire on the state’s economy. Utah’s international goods trade makes up nearly 17% of state GDP. And Trade Partnership Worldwide estimates that retaliatory tariffs from other countries could increase Utah business costs by up to 30%.

2025 Economy Score: 279 out of 445 Points (Top States Grade: B)

GDP (2024): $235.7 billion (+4.5%)

Job Growth (2024): 1.7%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 29%

International Goods Trade (2024): $40 billion (16.9% of GDP)

Major Corporate Headquarters: Extra Space Storage

7. Idaho

The construction site of Micron’s new semiconductor fabrication plant in Boise, Idaho, US.

Jeremy Erickson | Bloomberg | Getty Images

The Gem State’s economy continues to dazzle, with solid growth last year. The state’s housing market, which has been on a bit of a roller coaster ride in recent years, has stabilized nicely for now, and new home construction is taking off. Idaho is also relatively insulated from tariffs, with limited international trade and tiny exposure to China. But Idaho depends on the federal government for a comparatively large share of state spending. In February, Republican Gov. Brad Little warned of a potential “economic shock” from the Trump budget cuts, but said Idaho had the wherewithal to withstand it.

2025 Economy Score: 288 out of 445 Points (Top States Grade: B)

GDP (2024): $99.6 billion (+3.9%)

Job Growth (2024): 1.5%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 40%

International Goods Trade (2024): $13.5 billion (13.6% of GDP)

Major Corporate Headquarters: Micron Technology, Lamb Weston Holdings

6. Washington

Shoppers look at fruit for sale at Frank’s Quality Produce Co. at Pike Place Market in Seattle, Washington, US, on Wednesday, May 28, 2025.

M. Scott Brauer | Bloomberg | Getty Images

The Evergreen State is fertile ground for entrepreneurs. A new business starting up in Washington stands a better chance of survival than in any other state, according to an analysis of Bureau of Labor Statistics data by Simply Business, a national insurance marketplace. Researchers found that businesses in the state stand an 86.4% chance of surviving their first year, 89.3% in their second year, and 91.8% in their third year. The broader economy in Washington was in the top five for growth last year, though job growth has slowed since the beginning of this year. The state is relatively well insulated from federal budget cuts, but it would be on the front lines of a trade war with China. With China accounting for more than 16% of Washington’s international goods trade, it is the fourth most exposed state.

2025 Economy Score: 296 out of 445 Points (Top States Grade: B+)

GDP (2024): $702 billion (+3.7%)

Job Growth (2024): 1.7%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 26%

International Goods Trade (2024): $109.6 billion (15.6% of GDP)

Major Corporate Headquarters: Amazon, Microsoft, Costco

5. New York

Benno Schwinghammer | Picture Alliance | Getty Images

The size and scope of the Empire State’s economy should help to insulate it somewhat from the impacts of tariffs and federal budget cuts. Only California is home to more major corporations than New York. But federal funding does account for a relatively large portion of the state budget. Democratic Gov. Kathy Hochul said in April that Trump budget cuts could impact some $1.3 billion in federal funding to the state, and warned that tariffs could result in 280,000 lost jobs. Those impacts would be significant, but all is relative in a state with a general fund budget of more than $110 billion, and a workforce of nearly 10 million. Only about 53,000 of those employees — less than half of one percent — work for the federal government.

2025 Economy Score: 298 out of 445 Points (Top States Grade: B+)

GDP (2024): $1.83 trillion (+2.4%)

Job Growth (2024): 1.8%

Debt Rating and Outlook (Moody’s): AA1 Stable

Share of state spending from federal funds: 40%

International Goods Trade (2024): $251.6 billion (13.7% of GDP)

Major Corporate Headquarters: American Express, JPMorgan Chase, Pfizer

4. Delaware

Visitors queue at The Ice Cream Store along the boardwalk at Rehoboth Beach, Delaware, U.S.

Kevin Lamarque | Reuters

While growth in The First State was moribund last year, Delaware’s economic foundation is sound, and well-insulated from the upheaval coming from Washington. The state does have some exposure to international trade, but only a small portion of that — about 8% — is with China. The state is among the least dependent on the federal government, which accounts for just a quarter of state spending and about 0.8% of the workforce. Delaware has lost some of its allure as a place to incorporate, following court decisions seen as unfriendly to business — like the one last year voiding Tesla CEO Elon Musk’s compensation package. But it was still the second most popular state in which to start a business last year, after Wyoming.

2025 Economy Score: 317 out of 445 Points (Top States Grade: A-)

GDP (2024): $79.7 billion (+2.1%)

Job Growth (2024): 0.9%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 25%

International Goods Trade (2024): $15.6 billion (19.6% of GDP)

Major Corporate Headquarters: DuPont de Nemours, Incyte

3. North Carolina

A storm damaged apartment complex in a landscape scarred by Hurricane Helene on March 24, 2025 near Swannanoa, North Carolina. Nearly six months after the historic storm, communities in western North Carolina continue the recovery process.

Sean Rayford | Getty Images

Year after year, The Tar Heel State turns in solid growth, and last year was no exception. It is a major reason that North Carolina is CNBC’s Top State for Business overall in 2025. North Carolina’s housing market, while suffering shortages exacerbated by last year’s Hurricane Helene, nonetheless does reasonably well on affordability, according to data from the National Association of Homebuilders. The state is somewhat sheltered from federal budget cuts — federal employees make up just 1% of the workforce. But tariffs are a concern in a state that relies heavily on international trade.

2025 Economy Score: 322 out of 445 Points (Top States Grade: A-)

GDP (2024): $661.9 billion (+3.7%)

Job Growth (2024): 0.9%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 38%

International Goods Trade (2024): $133.8 billion (20.2% of GDP)

Major Corporate Headquarters: Bank of America, Duke Energy, Nucor

2. Texas

In an aerial view, shipping containers are organized at the Houston Port of Authority on February 10, 2025 in Houston, Texas.

Brandon Bell | Getty Images

They say everything is bigger in Texas, and that includes the economy — the second biggest state economy after California. That should be especially helpful in these tumultuous times. While The Lone Star State is heavily reliant on the federal government in its budget, federal employees make up less than 1% of the state’s vast workforce. And while international goods trade is an important part of the Texas economy, only a small percentage of that trade, about 6%, is with China. The state enters these tumultuous times with solid finances, and a wealth of foreign direct investment.

2025 Economy Score: 348 out of 445 Points (Top States Grade: A+)

GDP (2024): $2.17 trillion (+3.6)

Job Growth (2024): 1.3%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 36%

International Goods Trade (2024): $857.7 billion (39.5% of GDP)

Major Corporate Headquarters: ExxonMobil, Oracle, AT&T

1. Florida

Mitch Graham (C) inquires about jobs at Triton Recovery during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2025 in Sunrise, Florida.

Joe Raedle | Getty Images

The Sunshine State tops CNBC’s Economy rankings for a third consecutive year in 2025. Economic growth and job growth remain solidly in the top ten, state finances are strong, and the state is a leader in new business formations. Florida is a major player in international trade, but it comprises a relatively small percentage of the state’s overall economy. And only a small percentage of that international trade is with China, leaving the state in a better position than many when it comes to tariffs. Florida depends on the federal government for about 34% of its budget — and roughly two-thirds of its $34 billion Medicaid budget. That has Floridians keeping a wary eye on Washington.

2025 Economy Score: 363 out of 445 Points (Top States Grade: A+)

GDP (2024): $1.34 trillion (+3.6)

Job Growth (2024): 1.4%

Debt Rating and Outlook (Moody’s): AAA Stable

Share of state spending from federal funds: 34%

International Goods Trade (2024): $185 billion (13.8% of GDP)

Major Corporate Headquarters: CSX, Carnival, Lennar

July 12, 2025 0 comments
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World

Rubio faces tough conversations about Ukraine and tariffs at ASEAN meeting

by Lucas Fernandez – World Editor July 10, 2025
written by Lucas Fernandez – World Editor

KUALA LUMPUR, Malaysia (AP) — U.S. Secretary of State Marco Rubio and his Russian counterpart will meet Thursday in Malaysia for what could be a testy conversation as tensions between the countries rise over Moscow’s increasing attacks on Ukraine and questions about whether Russia’s leader is serious about a peace deal.

Rubio and Foreign Minister Sergey Lavrov are to see each other in Kuala Lumpur, where both men are attending the annual Association of Southeast Asian Nations Regional Forum, which brings together all 10 ASEAN members and their most important diplomatic partners, including Russia, China, Japan, South Korea, the Europeans and the U.S.

The meeting will be their second face-to-face encounter since Rubio took office, although they have spoken by phone several times. Their first meeting came in February in Riyadh, Saudi Arabia, as the Trump administration sought to test both Russia and Ukraine on their willingness to make peace.

This one is set to take place shortly after the U.S. resumed some shipments of defensive weapons to Ukraine following a pause — ostensibly for the Pentagon to review domestic munitions stocks — that was cheered in Moscow.

The resumption comes as Russia fires escalating air attacks on Ukraine and as U.S. President Donald Trump has become increasingly frustrated with Russian President Vladimir Putin.

“Putin is not, he’s not treating human beings right,” Trump said during a Cabinet meeting Tuesday, explaining the pause’s reversal. “It’s killing too many people. So we’re sending some defensive weapons to Ukraine, and I’ve approved that.”

A US diplomatic push could be overshadowed by tariff threats

Rubio was also seeing other foreign ministers, including many whose countries face tariffs set to be imposed on Aug. 1. The tariff threat could overshadow the top diplomat’s first official trip to Asia, just as the U.S. seeks to boost relations with Indo-Pacific nations to counter China’s growing influence in the region.

Rubio sought to assuage concerns as he held group talks with ASEAN foreign ministers.

“The Indo Pacific, the region, remains a focal point of U.S. foreign policy,” he told them. “When I hear in the news that perhaps the United States or the world might be distracted by events in other parts of the planet, I would say distraction is impossible, because it is our strong view and the reality that this century and the story of next 50 years will largely be written here in this region.”

U.S. Secretary of State Marco Rubio, second left, meets with Malaysia’s Prime Minister Anwar Ibrahim, right, at the prime minister’s office at Parliament as the Association of Southeast Asian Nations (ASEAN) Foreign Ministers’ Meeting takes place in Kuala Lumpur Thursday, July 10, 2025. (Mandel Ngan/Pool Photo via AP)

“These are relationships and partnerships that we intend to continue to build on without seeking the approval or the permission of any other actor in the region of the world,” he said in an apparent reference to China.

Trump notified several countries on Monday and Wednesday that they will face higher tariffs if they don’t make trade deals with the U.S. Among them are eight of ASEAN’s 10 members.

U.S. State Department officials said tariffs and trade won’t be Rubio’s focus during the meetings, which Trump’s Republican administration hopes will prioritize maritime safety and security in the South China Sea, where China has become increasingly aggressive toward its small neighbors, as well as combating transnational crime.

U.S. Secretary of State Marco Rubio, center, arrives at Subang Air Base, outside of Kuala Lumpur Thursday, July 10, 2025. Rubio arrived in Malaysia to attend the ASEAN Foreign Ministers' Meeting. (Mandel Ngan/Pool Photo via AP)

U.S. Secretary of State Marco Rubio, center, arrives at Subang Air Base, outside of Kuala Lumpur Thursday, July 10, 2025. Rubio arrived in Malaysia to attend the ASEAN Foreign Ministers’ Meeting. (Mandel Ngan/Pool Photo via AP)

But Rubio may be hard-pressed to avoid the tariff issue that has vexed some of Washington’s closest allies and partners in Asia, including Japan and South Korea and most members of ASEAN, which Trump says would face 25% tariffs if there’s no deal.

Malaysian Prime Minister Anwar Ibrahim has warned that global trade is being weaponized to coerce weaker nations. Speaking at an ASEAN foreign ministers’ meeting on Wednesday, Anwar urged the bloc to strengthen regional trade and reduce reliance on external powers.

Rubio’s “talking points on the China threat will not resonate with officials whose industries are being battered by 30-40% tariffs,” said Danny Russel, vice president of the Asia Society Policy Institute and a former assistant secretary of state for East Asia and the Pacific during the Obama administration.

When Anwar said “ASEAN will approach challenges ‘as a united bloc’ — he wasn’t talking about Chinese coercion but about U.S. tariffs,” Russel noted.

8 of ASEAN’s 10 members face major tariff hikes

Among ASEAN states, Trump has so far announced tariffs on almost all of the 10 members of the bloc, which would face a 25% tariff that could specifically hit its electronics and electrical product exports to the United States.

Trade Minister Zafrul Aziz said Wednesday that while Malaysia is ready to resume tariff negotiations, it wouldn’t cross its red lines, including U.S. requests for changes to government procurement, halal certification, medical standards and digital taxes.

Trump sent tariff letters to two more ASEAN members Wednesday: Brunei, whose imports would be taxed at 25%, and the Philippines at 20%. Others hit this week include Cambodia at 36%, Indonesia at 32%, Laos at 40%, Malaysia at 25%, Myanmar at 40% and Thailand at 36%.

Vietnam recently agreed to a trade deal for a 20% tariffs on its imports, while Singapore still faces a 10% tariff that was imposed in April. The Trump administration has courted most Southeast Asian nations in a bid to blunt or at least temper China’s push to dominate the region.

In Kuala Lumpur, Rubio also will likely come face-to-face with China’s foreign minister during his brief visit of roughly 36 hours.

Chinese Foreign Minister Wang Yi attends ASEAN Post-Ministerial Conference with China at the Kuala Lumpur Convention Centrein Kuala Lumpur, Malaysia, Thursday, July 10, 2025. (Hasnoor Hussain/Pool Photo via AP)

Chinese Foreign Minister Wang Yi attends ASEAN Post-Ministerial Conference with China at the Kuala Lumpur Convention Centrein Kuala Lumpur, Malaysia, Thursday, July 10, 2025. (Hasnoor Hussain/Pool Photo via AP)

Russia's Foreign Affairs Minister Sergei Lavrov attends the Association of Southeast Asian Nations (ASEAN) Post-Ministerial Conference during the 58th ASEAN Foreign Ministers' meeting and related meetings at the Convention Centre in Kuala Lumpur, Thursday, July 10, 2025. (Mohd Rasfan/Pool Photo via AP)

Russia’s Foreign Affairs Minister Sergei Lavrov attends the Association of Southeast Asian Nations (ASEAN) Post-Ministerial Conference during the 58th ASEAN Foreign Ministers’ meeting and related meetings at the Convention Centre in Kuala Lumpur, Thursday, July 10, 2025. (Mohd Rasfan/Pool Photo via AP)

Russel noted that Chinese Foreign Minister Wang Yi is a veteran of such gatherings and “fluent in ASEAN principles and conventions,” while Rubio “is a rookie trying to sell an ‘America First’ message to a deeply skeptical audience.”

Issues with China, including on trade, human rights, the militarization of the South China Sea and China’s support for Russia in Ukraine, remain substantial.

U.S. officials continue to accuse China of resupplying and revamping Russia’s military industrial sector, allowing it to produce additional weapons that it can use to attack Ukraine.

Earlier on Thursday, Rubio signed a memorandum on civilian nuclear energy memorandum with Malaysia’s foreign minister, which will pave the way for negotiations on a more formal nuclear cooperation deal, known as a 123 agreement after the section of U.S. law that allows them.

Such agreements allow the U.S. and U.S. companies to work with and invest in civilian energy nuclear programs in other countries under strict supervision.

___

Eileen Ng contributed to this report from Kuala Lumpur, Malaysia.

July 10, 2025 0 comments
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World

Home Insurance Costs: Rising Rates in Every State [Year]

by Priya Shah – Business Editor July 5, 2025
written by Priya Shah – Business Editor

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California Home Insurance Premiums Surge After Wildfires

Table of Contents

  • California Home Insurance Premiums Surge After Wildfires
    • The Impact of Wildfires on Insurance Rates
    • Nationwide Premium Increases

Six months after devastating wildfires ravaged Los Angeles, California homeowners are facing a harsh reality: soaring home insurance premiums [1]. The online marketplace Insurify projects a 21% increase in California premiums this year, even in areas far removed from the fire zones. This surge follows wind-whipped wildfires that claimed 30 lives and destroyed countless homes and businesses in areas like Altadena and Pacific Palisades in January 2025.

The Impact of Wildfires on Insurance Rates

The aftermath of the wildfires continues to impact California’s insurance landscape. while some properties show signs of recovery, the cost of insuring homes is rising significantly. According to Chase Gardner, data insights manager at Insurify, major wildfire events in California have a “really significant impact” on projected premium increases. When insurance companies pay out more in claims than they receive in premiums, they must raise prices to compensate.

Did You Know? the average cost to fight a wildfire in the United States is roughly $4 million per fire, according to the Congressional Research Service.

Nationwide Premium Increases

California is not alone in facing rising insurance costs. Insurify projects premium increases in all 50 states this year, averaging around 8%. Louisiana is expected to see the largest increase at 28%.States like Iowa and Minnesota are also looking at double-digit increases. This trend highlights

July 5, 2025 0 comments
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Business

For the sake of Trump, RI is boosting the imported wheat-buying boeing aircraft

by Priya Shah – Business Editor July 4, 2025
written by Priya Shah – Business Editor

Indonesia and US Negotiate Trade Tariffs

Indonesia is in talks with the United States regarding import tariffs, potentially offering near-zero duties on key US commodities in exchange for favorable terms. The deal may also include significant purchases of wheat and Boeing aircraft.

Proposed Trade Agreement Details

Indonesia is considering reducing tariffs on major US exports to between 0% and 5%, including agricultural products. In return, the Indonesian government seeks reduced import tariffs from the US, particularly on electronics, textiles, and footwear.

A purchase of Boeing aircraft by Garuda Indonesia is also under discussion as part of the cooperation agreement expected to be signed next week. Further sweetening the pot, Indonesia will import wheat worth US $500 million, approximately Rp 8.09 trillion (at an exchange rate of Rp 16,087).

The proposed deal comes after Indonesia recorded a US $17.9 billion trade surplus with the US in 2024.

Official Statements

“(Tariffs) The main US exports are close to zero, but also depending on how much the tariff we get from the US,” said Coordinating Minister for the Economy Airlangga Hartarto, according to Reuters.

According to a report by the U.S. Department of Agriculture, U.S. agricultural exports to Indonesia totaled $3.6 billion in 2023, making it the 13th largest market for U.S. agricultural products (USDA).

Garuda and Boeing

Wamildan Tsani, President Director of Garuda, is reportedly in discussions with Boeing to potentially acquire 75 aircraft. Garuda has not yet officially commented.

Wheat Import Increase

Indonesia is also proposing an increase in wheat imports as part of the agreement being discussed next week.

“Its members will buy a total of two million tons through a tender at a competitive price. The point is that all members will buy US wheat,” explained Franciscus Welirang, Chairman of the Indonesian Flour Flour Factory Association.

Existing Trade Dynamics

Currently, Indonesia imports soybeans, petroleum gas, and airplanes from the US. Susiwijono Moegiarso, Secretary of the Coordinating Ministry for Economic Affairs, stated that the government has requested the US to lower tariffs on key Indonesian exports like electronics, textiles, and footwear.

Investment Opportunities

Indonesia is also offering opportunities for US investment in significant mineral projects, which include resources of copper, nickel, and bauxite.

July 4, 2025 0 comments
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News

Trump marks celebration of America’s 250th anniversary in Iowa

by David Harrison – Chief Editor July 4, 2025
written by David Harrison – Chief Editor

Trump Touts Tax Cuts at Pre-July 4th Rally

At an Iowa rally, Donald Trump turned what was supposed to be a celebration of the upcoming 250th anniversary of the United States into a showcase for himself, praising newly-approved tax cut legislation.

Celebrating a Legislative “Victory”

On the eve of Independence Day, Trump declared, “there could be no better birthday present for America than the phenomenal victory we achieved just hours ago, when Congress passed the one big beautiful bill to make America great again.” He intends to sign the bill at a White House picnic accompanied by a flyover of stealth bombers.

Trump boasted after taking the stage, pumping his fists as his campaign anthem played. In addition to tax breaks, the approved legislation will increase funding for deportations, while simultaneously reducing healthcare and food assistance for low-income individuals.

America250 Launch

The event held at the Iowa State Fairgrounds in Des Moines marked the kickoff of a year-long celebration leading up to the 250th anniversary of American independence. Next summer, the commemoration will culminate in a large fair on the National Mall in Washington, featuring exhibits from every state.

Organizers hope that the upcoming year of events will unite a divided nation and bridge political gaps. However, during his speech, Trump asserted that patriotism is linked to his own agenda, claiming that Democrats who opposed the legislation “hate our country.”

Political Undertones

According to a Pew Research Center study, partisan animosity is higher than at any point in the last two decades, with Republicans and Democrats holding increasingly negative views of one another (Pew Research Center 2024).

Monica Crowley, the U.S. Ambassador and Trump’s liaison to the America250 organizing group, stated that the anniversary events are “something that I think that all Americans can come together to celebrate and honor our history as well as our present and our future.” However, when she introduced the former president, she lauded Trump as a modern-day revolutionary.

Crowley added, “I don’t know what more people expect or want from an American president. He is literally fulfilling the entire job description, and so much more.”

Security Concerns

Thousands of spectators braved high temperatures to see Trump. The crowd displayed a variety of Trump-themed merchandise. During the speech, sounds similar to fireworks were heard, evoking memories of his attempted assassination. Trump responded, “It’s only fireworks, I hope. Famous last words.” Unlike a year prior, he spoke from behind bulletproof glass.

“You always have to think positive,” he said. “I didn’t like that sound either.” However, this reminder did not diminish Trump’s enthusiasm. He talked about U.S. strikes on Iranian nuclear facilities, falling egg prices, fewer migrants at the border, and his past election wins.

Looking Ahead

“We got great marks in the first term, and this is going to blow it away,” Trump said. He mentioned that he calls his wife Melania “first lady” because “it reminds me that I’m president.”

Trump also announced plans for the “Patriot Games,” a sporting event for high school athletes, and suggested hosting UFC matches at the White House.

This year, budget cuts have complicated the anniversary celebrations. The National Endowment for the Humanities informed state humanities councils that their federal grants had been terminated. These councils had allocated funds for anniversary events at local institutions.

Gabrielle Lyon, executive director of Illinois Humanities and chair of the Illinois America 250 Commission, said the cuts have already impacted programs, including community readings of the Declaration of Independence.

Lyon stated, “It is very hard to understand how we can protect and preserve people’s ability locally to make this mean something for them, and to celebrate what they want to celebrate, if you’re not funding the humanities councils.”

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