Saturday, June 28
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Trump ends trade talks with Canada over tech tax. President Trump posted to Truth Social yesterday that the US would be “terminating ALL discussions on Trade with Canada, effective immediately” and would set new tariffs on Canadian goods within a week. Trump cut off trade negotiations after feeling that US Big Tech companies weren’t experiencing the famous Canadian friendliness because the country is imposing a new digital services tax similar to the one tech giants loathe in Europe. Canada has long been an ally and one of the US’ largest trading partners, but recent US tariffs have raised tensions.
Consumers spent less in May, but were happier in June. Last month, US consumers pulled back for the first time since January, and personal incomes also fell, data released yesterday by the Commerce Department showed. Meanwhile, the personal consumption expenditures price index—the Fed’s favorite inflation gauge—ticked up slightly. But the economic data wasn’t all a bummer, because as the most recent survey results from the University of Michigan revealed, consumer sentiment rose this month, with Americans feeling rosier about their economic future as the initial fears raised by the president’s aggressive tariffs began to subside.
University of Virginia president resigns amid DEI fight. A day after the New York Times reported that the Department of Justice had urged UVA President James Ryan to step down to resolve an investigation into the school’s diversity, equity, and inclusion initiatives, he did just that. “I cannot make a unilateral decision to fight the federal government in order to save my own job,” he said in a letter to the university community. Ryan, who had led the school since 2018, drew criticism from conservatives for the school’s DEI practices, and the DOJ claimed that the university had failed to comply with a Trump executive order that banned schools with federal funding from having them. The resignation comes as the Trump administration has also put pressure on other universities, including Harvard and Columbia.—AR
At A Glance
Bookkeeping
> $520K: Hammer price of Princess Diana's "Caring Dress" at a charity auction.
> 11 days, 19 hours, 23 minutes: Quickest time to scuba dive on every continent.
Browse
> Can the social media app BeReal make a comeback?
> Two brothers have a vision for their abandoned $10K Boeing 727.
> Ranking the best (and worst) states for summer road trips.
> Meet the man who photographs insects in extreme detail.
> Transform gifts into perfectly baked loaves of bread.
Listen
> Is location sharing changing relationships for better or worse?
> The rise and continued reign of the American sleepaway camp.
Watch
> Former CIA officer shares the art of uncovering and concealing secrets.
> Filipino chocolate is melting away. What will it take to save it?
> How grocery stores transformed the world and human health.
> Brighten your weekend with some baby giggles.
Long Read
> A plea from a millennial to Gen Z to bring back house parties.
> Childhood through the eyes of a drug dealer’s innocent daughter.
Most Clicked This Week: Telegram CEO to give $14B fortune to his 100+ kids.
In The NEWS
Sports, Entertainment, & Culture
> The 2025 NHL Draft kicks off tonight (7 pm ET, ESPN); see complete first round mock draft (More) | ... and NBA Draft wraps up; see complete draft results (More)
> Ariana Grande, Kieran Culkin, and Mikey Madison among 534 invited to join the Academy of Motion Picture Arts and Sciences, organizers of the Oscars (More) | Denis Villeneuve tapped to become director of latest James Bond film (More)
> Kenya's Faith Kipyegon runs fastest-ever mile for a woman but fails to break the four-minute mile barrier (More) | PayPal signs multiyear deal with Big Ten and Big 12 to facilitate payments to student-athletes (More)
Science & Technology
> Meta hires top OpenAI researcher, Trapit Bansal, to help lead new "superintelligence" unit; poaching is the latest in a reported multi-hundred-million-dollar hiring spree by Meta to jump-start lagging AI program (More) | Meta explained (1440 Topics)
> World's oldest rocks confirmed to be almost 4.2 billion years old; region along Canada's Hudson Bay shore is the only known formation to remain from Earth's Hadean Eon (More) | What was the Hadean Eon? (More, w/video)
> New study suggests babies born prematurely may feel pain before developing the brain circuitry needed to understand and react to the experience (More)
Business & Markets
> US stock markets close higher (S&P 500 +0.8%, Dow +0.9%, Nasdaq +1.0%); S&P 500, Nasdaq briefly trade above all-time closing highs as White House signals July 8-9 tariff deadlines could be extended (More)
> The US economy shrank at 0.5% annual rate during the first three months of 2025, faster than previous estimate of 0.2%, per final report; decline was driven partly by slowdown in consumer spending and a surge in imports ahead of tariffs (More)
> Core Scientific shares close up 33% following report AI infrastructure provider CoreWeave is in talks to buy the bitcoin mining firm (More) | Nike beats Q4 estimates, but reports 12% year-over-year drop in sales (More)
Politics & World Affairs
> Iran’s Supreme Leader Ali Khamenei downplays US strikes and warns against further attacks in first public remarks since ceasefire (More) | Iran's centrifuges at Fordo are no longer operational, per UN watchdog's head, citing their susceptibility to vibrations (More)
> Ukrainian forces stop Russian advance in the northern region of Sumy, per top general (More) | At least 29 students dead, more than 250 injured in stampede following electric transformer explosion in the Central African Republic (More)
> Ecuador's most wanted man—drug lord Adolfo MacÃas Villamar—captured in underground bunker beneath luxury home in 10-hour operation; Villamar, also known as "Fito," was the leader of cocaine-trafficking Los Choneros (More)
SOURCE: 1440 NEWS
Owning a Home
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I have heard from several news outlets like CNN, FOX News, CBS, MSNBC, and ABC that the AMERICAN DREAM is no longer available to Americans, especially when it comes to home ownership.
They blame the reason for this on low wages and the high cost of living. Both of those reasons are accurate - wages are low and the cost of living is high, especially in the SOUTH.
However, that has never stopped the low wage earners in Tennessee from buying a house, like the people in the north and other parts of the USA claim it does them.
People in Tennessee and I would assume in other states as well, buy cheap homes as a starter home, usually around $50,000. Then after five years, they upgrade to a $100,000 home. Again, after five years, they upgrade to a $200,000 home. Five more years go by and they acquire a $300,000 that they live in for maybe ten years this time before buying a $400,000 home.
After twenty-five years, they are now able to afford a really nice home. When I say really nice home, a $400,000 home in the south is like buying an $800,000 to a $1,000,000 home up north or out west in California.
It is my guess that those who are bitching about not being able to buy a home, are those who want a $200,000 to $300,000 home from the getgo and who have no desire to pay their dues.
People in Tennessee especially East Tennessee, work as electrician, carpenters, bank tellers, retail clerks, etc. and have no problem buying themselves starter homes.
Tennessee is one of the lowest wage-earning states in the USA and yet home ownership is never out of the question either as a single person or a couple.
This is one of the reasons why I don't trust or believe mainstream media news outlets.
New theory proposes time has three dimensions, with space as a secondary effect
Time, not space plus time, might be the single fundamental property in which all physical phenomena occur, according to a new theory by a University of Alaska Fairbanks scientist.
The theory also argues that time comes in three dimensions rather than just the single one we experience as continual forward progression. Space emerges as a secondary manifestation.
"These three time dimensions are the primary fabric of everything, like the canvas of a painting," said associate research professor Gunther Kletetschka at the UAF Geophysical Institute. "Space still exists with its three dimensions, but it's more like the paint on the canvas rather than the canvas itself."
Friday, June 27
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