Massachusetts is considering trust funds, aimed at reducing the racial wealth gap, for the state's poorest newborns that the recipients would be able to access when they turn 18. 

The "baby bonds" would be an at-birth publicly funded trust fund program for Massachusetts residents, to be used for college, buying a home or starting a business. The amount given to each eligible newborn would depend on their household income, although it doesn't give a maximum amount or specify who would qualify for the funds.  

“I thought my carrier was out hunting,” Mikelson said over a breakfast of eggs and pancakes at Raphael’s Bakery Cafe in downtown Bemidji.

But it wasn’t the buck hunt delaying the mail in Bemidji, a tiny town 100 miles south of the Canadian border where welcome signs are written in both English and Ojibwe and statues of Paul Bunyan and Babe the Blue Ox tower in downtown. Since early November, Bemidji has been bombarded by a sudden onslaught of Amazon packages — and local postal workers say they have been ordered to deliver those packages first.

What many deemed impossible just months ago is reality: Right-wing populist Javier Milei resoundingly won Argentina’s presidency.

The fiery freshman lawmaker’s victory Sunday night has thrust the country into the unknown regarding how extreme his policies will be following a campaign in which he revved a chainsaw to symbolically cut the state down to size.

Javier Milei may have won an unexpectedly large majority in Argentina’s presidential election but the self-declared “anarcho-capitalist” faces huge obstacles to implementing his radical programme to shrink government and dollarise the economy.

Argentina’s dire state, with inflation running at 143 per cent a year, a wildly unrealistic official exchange rate and unsustainable public finances, would pose a daunting challenge for any new head of state.

When there’s no real alternative, there’s no problem, as the saying goes. And that may be the logic of Argentina voters on Sunday who rejected the catastrophe of Peronist rule in favor of impulsive and charismatic outsider Javier Milei, who promised what for Argentina is the radical change of free-market economics.

Anheuser-Busch saw better performance in Q3 of 2023 despite still struggling in the U.S. after controversy surrounding Bud Light’s brief partnership with a transgender influencer.

The company reported revenue growth of 5%, more than was previously forecasted. Growth in the Middle East, Africa and Asia-Pacific helped grow revenue even as the brand experienced weaker sales in the U.S.

President Biden on Friday delivered brief remarks on the United Auto Workers strike that began Thursday night, accusing auto companies of refusing to share their profits with workers.

In a televised statement, Biden said the Big Three automakers were making "record profits" that "have not been shared fairly, in my view, with workers." 

Ecuador’s leftist candidate Luisa Gonzalez took the lead in the country’s presidential election held yesterday (Aug. 20). Backed by the powerful party of Rafael Correa—the fugitive ex-president who held the apex post between 2007 and 2017—45-year-old lawmaker Gonzalez has harked back to the economic and security situation under the Correa administration, when homicide rates were far from the current record highs and poverty was a diminishing.

Uber posted its first operating profit ever in the second quarter, signaling a win for a company that has long been dawdling on the path to profitability. The second-quarter results were driven by continued demand for ride-hailing and delivery services but also by cost discipline, Dara Khosrowshahi, Uber’s CEO, said in a statement. Monthly active users have surpassed pre-pandemic levels, and demand for deliveries remained strong despite the reopening of restaurants.

In the wake of the Supreme Court decision that struck down race-conscious admissions, we should recognize that, in practice, affirmative action mattered a great deal for very few and very little for most.

Yes, the decision will likely dramatically reduce the racial diversity of incoming classes at highly selective institutions like Harvard, Stanford and the University of North Carolina.

But because affirmative action only opened a tiny window of access to America’s most elite institutions, the ruling will make little difference for most college students.