In May, a key inflation gauge indicated that prices remained stubbornly high, with prices up 2.3% compared to the previous year. Core prices, excluding food and energy, rose 2.7% annually, exceeding the Federal Reserve’s 2% target. Simultaneously, consumer spending decreased by 0.1% for the first time since January. While tariffs have influenced prices of certain goods, falling prices in other areas have offset these increases.
A three-year study in Germany found that providing a €1,200 monthly universal basic income (UBI) to 107 participants did not lead to decreased employment or work hours. Instead, recipients experienced significant improvements in overall well-being and mental health, comparable to major life events. Increased savings and altered spending patterns, particularly towards travel and social activities, were observed. These positive effects remained stable throughout the study, suggesting that UBI broadened possibilities rather than fundamentally changing participants’ values or personalities.
Veteran Washington Post columnist Jennifer Rubin and former White House ethics czar Norm Eisen launched a new publication, The Contrarian, citing concerns about the Post’s compromised independence and its failure to robustly challenge authoritarianism. The publication, described as pro-democracy rather than simply anti-Trump, will feature diverse voices and utilize a Substack platform, offering some free content alongside a paid subscription model. The Contrarian’s launch follows several high-profile departures from the Washington Post, fueled by controversies surrounding owner Jeff Bezos and the newspaper’s perceived reluctance to criticize powerful figures. The founders aim to provide “unshackled media” to combat what they see as an existential threat to American democracy.
Jennifer Rubin, a Washington Post columnist, resigned, citing Jeff Bezos’s allegedly “bent-knee approach” to President-elect Trump as a threat to American democracy. Rubin’s departure follows other resignations stemming from perceived pro-Trump biases at the Bezos-owned Post and other major media outlets. In her resignation, Rubin accused Bezos and other corporate media owners of prioritizing profit over journalistic integrity and betraying their audience’s trust. She launched a new media outlet, The Contrarian, aiming to provide unbiased commentary.
John Q. Hosedrinker