California is facing a multibillion-dollar budget deficit that will require lawmakers and the governor to make painful decisions. Nobody wants less funding for their child’s school, road maintenance, environmental progress or other essential services. There is one area, however, where spending can and should be cut: prisons. Thousands of California prison beds are not in use. Simply consolidating and closing some facilities could ultimately save the state hundreds of millions of dollars. This...
SES SA has agreed to buy Intelsat SA for $3.1 billion in cash to create a satellite giant that will better compete with billionaire Elon Musk’s Starlink, after reviving talks that fell apart last year.
Minister McGrath noted that the surplus is ‘heavily dependent on volatile “windfall” corporate tax receipts’.
Nashville Mayor Freddie O'Connell released the details of his transit referendum that is expected to go before voters in November, revealing his plans will cost $3.1 billion and be partially financed through a half-cent sales tax increase. In a statement, O'Connell called his transit referendum "the best opportunity we've ever had to build out our priority sidewalks, to synchronize signals so you're spending less time at red lights, and to connect neighborhoods via a better transit system that...
The Biden administration's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...
Ford Motor Company reported a whopping $132,000 loss on each electric vehicle sold during the first three months of the year, amassing a $1.3 billion loss.
The move will be seen as a major blow to the London Stock Exchange.
LeBron James scored 30 points to help the Los Angeles Lakers stave off elimination with a 119-108 win over the Denver Nuggets on Saturday night in Game 4 of a Western Conference playoff series.
USA Basketball announced Friday that 17 athletes will participate in the 3×3 Women’s National Training Camp in Springfield.
TUSCALOOSA, Ala.— It's a big day at Rhoads Stadium. Not only is it the
A string of prominent California Democrats has been the victim or alleged victim of crime over the past few years raising fresh concerns about law and order in the Golden State.On Thursday, thieves broke into the car of longtime Rep. Adam Schiff—a House Democrat who is currently running for the open Senate seat in California—and stole several bags, including one with his business clothes inside, according to The San Francisco Chronicle.Two days earlier, a fight broke out between San Jose...
SES is acquiring rival satellite operator Intelsat for $3.1 billion, a deal that would bring together two of the major GEO satellite operators.