Saturday, April 26
Billionaire Issues Dire Warning: Trump’s Tariffs Could Trigger a Financial Disaster
US News

Billionaire Issues Dire Warning: Trump’s Tariffs Could Trigger a Financial Disaster

Billionaire hedge fund manager Ray Dalio has raised serious concerns about the U.S. economy, warning that Donald Trump’s aggressive trade policies could lead to economic trouble far worse than a typical recession. Speaking on NBC’s Meet the Press this Sunday, Dalio, the 75-year-old founder of Bridgewater Associates, said the U.S. is "very close to a recession" but emphasized that the risks go beyond that. “I think we’re at a major decision point,” Dalio said. “A recession usually means two quarters of negative GDP growth—we’ve seen those before. But what we’re facing now could be much more serious. We’re seeing signs of a breakdown in the global monetary system. We’re spending more than we can sustain. That’s a warning sign.” Dalio’s comments come amid market turmoil caused by...
IRS Starts Cracking Down on Digital Earnings: New Tax Rule Could Impact Millions
Finance

IRS Starts Cracking Down on Digital Earnings: New Tax Rule Could Impact Millions

The Internal Revenue Service (IRS) has introduced significant changes to tax reporting requirements for digital income, impacting millions of Americans who earn through online platforms, cryptocurrencies, and digital assets. These updates aim to enhance transparency and ensure compliance in the rapidly evolving digital economy.​ Lowered Reporting Threshold for Online Payments Starting with the 2024 tax year, the IRS has reduced the reporting threshold for third-party payment platforms like PayPal, Venmo, Etsy, and eBay. Previously, these platforms were required to issue Form 1099-K to users who received over $20,000 and had more than 200 transactions annually. Now, the threshold has been lowered to $5,000, meaning more individuals will receive this form for their online e...
Hegseth Warns: US Military Ready to ‘Go Big’ If Iran Nuclear Deal Collapses
US News

Hegseth Warns: US Military Ready to ‘Go Big’ If Iran Nuclear Deal Collapses

U.S. and Iranian diplomats began indirect talks on Saturday in Oman, aiming to address international concerns about Iran's nuclear ambitions. On Sunday, Defense Secretary Pete Hegseth called the initial discussions “productive” and “a good step forward.” Speaking to Fox News, he emphasized that while President Donald Trump hopes to avoid military action, the U.S. is fully prepared if necessary. “We’ve shown the ability to go far, go deep, and go big,” Hegseth said. “We don’t want to, but if it comes to that, we will act to stop Iran from obtaining a nuclear weapon.” President Trump echoed those sentiments earlier in the week, stating that military intervention is “absolutely” on the table if diplomacy fails. “If it requires military, we’re going to have military,” Trump told ...
Warren Urges Democrats to Act Now Against Trump’s Tariffs Without Waiting for Courts
US News

Warren Urges Democrats to Act Now Against Trump’s Tariffs Without Waiting for Courts

Senator Elizabeth Warren (D-Mass.) is urging Democrats to take a more aggressive stance against former President Trump’s tariffs, rather than waiting for the courts to act. Speaking on ABC News’s This Week on Sunday, Warren responded to questions about the legal challenges surrounding the tariffs and her call for the Securities and Exchange Commission (SEC) to investigate whether Trump allies may have financially benefited from the resulting market volatility. “We don’t have to wait for the courts to step in,” Warren said. “The real question is whether Republicans will stand with us on this.” Warren has recently called on Congress to act against Trump’s tariff measures, emphasizing that regulating trade is within Congress’s constitutional powers. She urged Democrats to push their ...
Trump’s Tariffs Could Shrink Your Social Security Check—Here’s How It Affects Retirees
Social Security

Trump’s Tariffs Could Shrink Your Social Security Check—Here’s How It Affects Retirees

Donald Trump’s presidency brought a major shift in U.S. trade policy, most notably through the imposition of tariffs on nearly 180 countries. Although these measures were introduced to safeguard American industries, they may unintentionally jeopardize the financial security of millions of retirees. Many Americans depend on investment tools like 401(k)s and IRAs for their retirement, and since these accounts are often tied to the stock market, they can be vulnerable to sudden market fluctuations triggered by tariff policies. In the wake of tariff announcements, major U.S. companies have seen their stock values drop, raising concerns among investors. This is particularly troubling for retirees whose savings are tied up in those stocks. As Phillip Battin, CEO of Ambassador Weal...
How a 65-Year-Old Survives on $1,700 Social Security and $120K Savings Without Downgrading Life?
Social Security

How a 65-Year-Old Survives on $1,700 Social Security and $120K Savings Without Downgrading Life?

At 65, having $120,000 saved for retirement might not stretch as far as you’d hoped. If you follow the 4% rule — a guideline that suggests withdrawing 4% of your retirement savings each year to make your money last about 30 years — you’d only be able to take out around $4,800 annually. That breaks down to just $383 per month. Now, add your $1,700 Social Security check to the mix, and your total monthly income sits at about $2,083. But your expenses total $3,900 a month, leaving you nearly $1,900 short every single month — and that doesn’t even include emergency costs like medical bills. And don’t forget about taxes. If you withdraw aggressively to cover your shortfall and your investments grow at 7% annually, being in a 22% tax bracket means you could run out of money in just 5 ye...
Missing the Real Issue? Why Targeting Musk Could Be a Huge Distraction
US News

Missing the Real Issue? Why Targeting Musk Could Be a Huge Distraction

Elon Musk is not the root problem. Neither is Donald Trump. The real issue lies in Republicanism and a political system that’s failing us. Across the U.S.—and here in Iowa—protests have been erupting against Elon Musk and Tesla. Critics highlight Musk’s disturbing admiration for fascist-era symbolism, cozy ties with neo-Nazi groups, and efforts to dismantle federal institutions. And they’re not wrong—Musk's behavior and rhetoric have been deeply alarming. From online commentary to public demonstrations and even petitions to remove him, the outrage is loud and growing. The core argument is this: “Elon Musk holds too much power, and no one elected him. How is one billionaire allowed to wreak havoc on the U.S. government?” That criticism is valid. Musk holds far too much sway ove...
Breaking: Gov. Kim Reynolds Will Not Run for Reelection—Political Reactions Pour In Across Iowa
Politics

Breaking: Gov. Kim Reynolds Will Not Run for Reelection—Political Reactions Pour In Across Iowa

In a surprising announcement on April 11, 2025, Iowa Governor Kim Reynolds declared she will not seek reelection in 2026, concluding nearly a decade of leadership in the state's highest office.​ A Decade of Service Governor Reynolds, 65, ascended to the governorship in 2017 following the appointment of then-Governor Terry Branstad as U.S. Ambassador to China. She was subsequently elected to full terms in 2018 and 2022, becoming Iowa's first female governor. Her political journey began in Clarke County, where she served as treasurer before moving on to the Iowa Senate in 2008 and later as lieutenant governor. In a heartfelt video posted on social media, Reynolds stated, "Serving as your governor has been the greatest honor of my life—an opportunity that, not so long ago, I neve...
April 16 Social Security Payout: Find Out If You’re Eligible to Get Paid
Social Security

April 16 Social Security Payout: Find Out If You’re Eligible to Get Paid

The Social Security Administration (SSA) is preparing to issue its next round of payments on Wednesday, April 16. This payment is part of the agency’s regular monthly distribution to millions of retirees across the country. The payment schedule is carefully structured around the birth dates of beneficiaries. For this cycle, individuals born between the 11th and 20th of any month are slated to receive their payments on April 16. However, those who began receiving Social Security benefits before May 1997 follow a different payment timeline. These long-term beneficiaries receive their payments earlier in the month, specifically on the 3rd. This arrangement helps simplify distribution and ensures early access to funds for individuals who have been part of the system the longest, ref...
Could You Get $5,000? Trump and Musk Push Game-Changing Tax Dividend Proposal
US News

Could You Get $5,000? Trump and Musk Push Game-Changing Tax Dividend Proposal

President Donald Trump and tech entrepreneur Elon Musk have proposed a new initiative called the "DOGE Dividend," aiming to distribute $5,000 checks to eligible American households. This plan is part of a broader effort to return a portion of government savings to taxpayers What Is the DOGE Dividend? The "DOGE Dividend" refers to a proposed one-time payment of $5,000 to qualifying U.S. households. The funds would come from savings achieved by the Department of Government Efficiency (DOGE), a temporary agency established by President Trump and led by Elon Musk. DOGE's mission is to reduce federal spending and improve government efficiency.​ Origins of the Proposal The idea was initially suggested by James Fishback, CEO of investment firm Azoria, on the social media platform ...