American Consumer Giant Announces Mass Layoffs as Shoppers Tighten Their Belts
Procter & Gamble has announced it will slash 7,000 jobs as consumers pull back amid economic uncertainty.
The maker of Gillette shaving products and Tide laundry pods revealed the 15 percent cut to its workforce on Thursday.
The job losses will occur over the next two years and hit non-manufacturing positions. It is not yet clear which of its brands will be affected
Weakened economic prospects will be felt around the world, with almost no exception… (Continue to full article)
The ‘8-Year Rule of Social Security’ — A Retirement Rule
Sometimes, waiting feels like the wrong move. Until it proves to be your best one. For instance, on June 5, 1944, Allied troops were prepared to launch the largest military invasion in history. But when poor weather rolled in, General Dwight D. Eisenhower made the high-stakes decision to delay D-Day by 24 hours, despite enormous pressure to proceed.
That pause changed the course of history.
Sure, the fate of the world doesn’t rest on your decision to file for Social Security. But the quality of your retirement might. And, like Eisenhower’s call, it often comes down to timing… (Continue to full article)
Here’s How Likely a Recession Is for the Second Half of 2025
We’ve officially made it through the first half of the year without a recession, but will that hold true for the rest of the year?
Many Americans are not optimistic that we will make it through 2025 unscathed — a recent survey of 2,000 Americans conducted by Talker Research and Affirm found that 58% believe a recession is inevitable.
I still think a recession is unlikely, but the trade policy situation increases the risk. The economy has a lot of momentum and solid underpinnings — a tight labor market, wage growth in excess of inflation, interest rates that remain lower than relatively recent highs, good if not great productivity growth, and the AI boom is picking up steam.
That doesn’t make the economy immune to a recession, but it helps to insulate it well… (Continue to full article)
‘Economy is RIGGED’
Robert Reich explains how ‘Trump fooled the majority of Americans‘
“This is the one thing that I agree with Donald Trump about: The economy is rigged — but it’s rigged against working-class people,” Reich told Goodman. “And I think Mamdani understood that. He understood that people have got to want a change, but also, they want affordability.
They want an economy that is working for them. And they want new faces. They want younger people. They want a new generation of Democratic leaders… (Continue to full article)
How Privatizing Social Security Could Impact Retirees
Social Security is the bedrock of the American retirement system. Although it was never intended to fully cover the expenses of retirees, many Americans unfortunately find themselves in this situation.
But with an average monthly retirement payout of just $1,980.86 as of February 2025, according to the Social Security Administration, the idea of privatizing Social Security has reared its head once again… (Continue to full article)
The US Is Staring Down a Fate Worse Than Recession, and 4 Other Bold Forecasts From a Top Economist
The US has flirted with the dreaded S-word for much of this year, and it’s not out of the woods yet.
That’s according to Torsten Sløk, the chief economist at Apollo Global Management, who thinks the US is at a critical inflection point for stagflation, a dire scenario in which economic growth slows while inflation remains high.
That problem is often regarded as even harder for policymakers to solve than a typical recession, as higher inflation can prevent the Federal Reserve from cutting interest rates to boost the economy.
The scenario has largely been triggered by President Donald Trump’s tariffs… (Continue to full article)
Major Changes Ahead: USPS Updates Service Standards and Prices on July 1st
The U.S. Postal Service (USPS) is implementing a series of significant changes starting July 1st, impacting both mail delivery times and postage rates. These adjustments are part of the Postal Service’s broader “Delivering for America” 10-year plan, aimed at modernizing the network and achieving long-term financial sustainability.
One of the most notable changes involves service standards for various mail classes. While First-Class Mail will largely maintain its current 1-5 day delivery window, some mail will see faster standards, while a smaller portion might experience slightly slower delivery.
The Postal Service is transitioning from 3-digit to 5-digit ZIP code pairings for service standards, promising greater precision in delivery expectations and expanding “turnaround” service for faster regional mail processing… (Continue to full article)
