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Unemployment Claims Rise, Job Market in 'Low-Hire, Low-Fire' State
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Unemployment benefits surge, Fed cuts rates amid job market concerns - Applications for unemployment benefits in the US jumped by 44,000, totaling 236,000, higher than expected. The Federal Reserve reduced its benchmark lending rate for the third time, despite a seemingly robust job market. Fed Chairman Jerome Powell fears the job market may be weaker than official data suggests, potentially shedding an average of 20,000 jobs monthly since spring. Continuing jobless claims fell to 1.84 million, the lowest since mid-April, but experts attribute this to seasonal adjustments and benefit eligibility limits. The job market remains in a low-hire, low-fire state, making it difficult for the unemployed to find new opportunities.
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Trump Administration Bans Items from Park Gift Shops
01:56|The Trump administrations directive to remove certain items from national park gift shops and bookstores, aimed at creating neutral spaces, has sparked controversy. Conservation groups argue its censorship, while conservative think tanks support the idea. Park service employees and gift shop managers are uncertain about which items will be banned, and the park services decision to end free admission on Martin Luther King Jr. Day and Juneteenth, while extending it to Flag Day, has further fueled debate.
Ex-Michigan Coach Fired, Arrested for Assault
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Machado: Returning to Venezuela, Regardless
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Settler's Land Grab: A Biblical Claim in the West Bank
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Older Voters Favor Republicans in Midterm Poll
01:58|Recent Democratic victories have fueled hope for taking back Congress in next years midterm elections, but a new Reuters and Ipsos poll suggests a significant challenge ahead, particularly with older voters. While Democrats have seen some wins, the poll indicates a greater advantage for Republicans with this demographic, who are also more likely to vote in non-presidential election years. The poll shows that forty-six percent of voters aged fifty and older plan to vote Republican, an eight-point lead over the thirty-eight percent who favor Democrats. This is a notable shift from past midterm cycles. Democrats may need to adjust their message to appeal more broadly to older voters, focusing on prosperity for all age groups, not just job creation and affordability.
Thailand's PM Dissolves Parliament, Elections in 45-60 Days
01:49|Thailands Prime Minister Anutin Charnvirakul dissolves parliament, paving the way for earlier elections amidst political instability and border conflict with Cambodia. The move follows a disagreement with the Peoples Party, the largest opposition group, and is endorsed by the King. The elections, initially planned for March or April, are now expected within 45-60 days. The political turmoil coincides with a border conflict resulting in at least 20 deaths and nearly 200 injuries. The upcoming elections are crucial as Thailand navigates internal political shifts and external conflicts, with the economy facing challenges like US tariffs, high household debt, and weak consumer spending.
Haddad May Join Lula's 2026 Campaign, Central Bank Rates Uncertain
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Nemo Returns Eurovision Trophy Over Israel's Participation
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Rebels Seize Uvira, Risking Regional Conflict
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