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economy Archives - My Blog https://ks2252.com/tag/economy/ My WordPress Blog Wed, 29 Oct 2025 02:42:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 'Gone to Florida and Texas': New billboards slam NY, NJ over massive resident flight to red states https://ks2252.com/gone-florida-texas-new-billboards-slam-ny-nj-over-massive-resident-flight-red-states/ Wed, 29 Oct 2025 02:42:09 +0000 https://banparacard.com/gone-florida-texas-new-billboards-slam-ny-nj-over-massive-resident-flight-red-states/ FIRST ON FOX: Americans are voting with their feet, leaving high-tax, high-regulation states like New York and New Jersey behind. Unleash Prosperity is now warning that these states aren’t just losing residents — they’re losing wealth. Billboards that say “New Yorkers aren’t moving up, they’re moving out!” and “New Jersey isn’t moving up, families are …

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FIRST ON FOX: Americans are voting with their feet, leaving high-tax, high-regulation states like New York and New Jersey behind. Unleash Prosperity is now warning that these states aren’t just losing residents — they’re losing wealth.

Billboards that say “New Yorkers aren’t moving up, they’re moving out!” and “New Jersey isn’t moving up, families are moving out!” popped up Thursday in high-traffic areas of New York and New Jersey.

Unleash Prosperity told Fox News Digital it plans on leaving its warning signs in place until Nov. 19.

“We’re running this billboard campaign to alert people, the citizens of those states, that you’re losing your most precious resource in New Jersey and New York. And you know what that precious resource is? Your people, your citizens, your businesses and the money that they spend,” Steve Moore, the founder of Unleash Prosperity and a former Trump administration economic advisor, told Fox News Digital.

GOP ACTIVIST REVEALS WHY NEW JERSEY IS NOT ‘JUST A DEMOCRAT STATE’ IN PUSH TO FLIP GOVERNORSHIP

Unleash Prosperity is sending a warning to New York and New Jersey as more residents move out. (Angus Mordant/Bloomberg via Getty Images)

Unleash Prosperity’s Vote With Your Feet campaign tracks data from the IRS and other agencies to create interactive maps showing how population and wealth are moving across the country. The campaign site has interactive maps depicting the movement of people and money, as well as their politics.

Moore said that while the first “big wave” of migration the group tracked in the U.S. occurred during the COVID-19 pandemic, as residents of closed blue states moved to open red states, the pattern goes beyond that.

“Our study looks over the last 10 years. So, it’s not just the COVID effect,” he explained.

The former Trump administration economic advisor said “there’s no question” that the country’s politics will become more polarized if the population shift continues. Moore said it used to be that New Yorkers going to Florida would vote for Democrats in the Sunshine State. But now, he said, those moving out of New York and New Jersey are doing so for ideological reasons as well as economic ones. He also noted that Florida and Texas have become more red, not more purple, as people flee blue states.

Unleash Prosperity’s latest campaign uses billboards to warn New Jersey and New York residents that their neighbors are leaving en masse. (Unleash Prosperity)

FLORIDA SENATOR CALLS ON NEW YORKERS WHO ‘HATE SOCIALISM’ TO MOVE SOUTH WITH AERIAL AD

Moore declined to comment on specific candidates running for New York City mayor or New Jersey governor, but he said that politicians looking to hold those offices should know that “raising taxes in New Jersey or New York would be a disaster.”

“I believe if New York were to raise its income taxes — [like] some of the politicians are talking about — that Wall Street would no longer be located in New York City. It would move out,” he said. Moore touched on New Jersey as well, saying that many residents are fleeing the state because of its high taxes.

“New Jersey is the third highest taxed state in the country — one of the highest income taxes, one of highest business taxes — and small businesses and big businesses can’t do business there anymore. So, the policies need to be reversed,” he told Fox News Digital.

The four states that have lost the most people and the most income are New York, California, New Jersey and Illinois, according to Moore. He pointed to a common denominator that all four states share — “very, very high taxes.”

In addition to taxes and politics, Moore said crime and bad schools are other factors pushing blue state residents to flee. He said he sees crime as another kind of tax.

Billboards launched by Unleash Prosperity Oct. 23, 2025, warn New York and New Jersey residents about the mass exodus from their states. (Unleash Prosperity)

“I think crime is a tax. And if you can’t feel safe walking down the streets of your neighborhood, you’re going to want to leave,” he said.

Moore also said that if blue states were to allow school choice — a move that some say would allow low-income families to give their children better educational opportunities — they would see fewer residents leaving.

Moore said red state lawmakers, including Florida Gov. Ron DeSantis and Texas Gov. Greg Abbott, have handled crime control well and have kept taxes low, something he said are the keys to their success. He said lawmakers in blue states should aim to be more pro-business, to fight crime and to get rid of “all of the things that make cities today unlivable.” He pointed to the example former New York City Mayor Rudy Giuliani set when the Republican cleaned up the country’s most populated city.

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While he had criticisms of lawmakers in blue cities and states, Moore pointed to examples of Democrats who were doing well with population retention: San Francisco Mayor Daniel Lurie and Houston Mayor John Whitmire.

Moore described Lurie as a “very pro-business, moderate Democrat” and said he is “cleaning up” the city and that people are returning. Moore said Whitmire was a “no-nonsense” lawmaker who is fighting crime, cutting expenses and keeping taxes low.

“That’s what Democratic mayors and governors should be doing if they want to save their cities and states,” Moore said.

Rachel Wolf is a breaking news writer for Fox News Digital and FOX Business.

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Grocery bills in America: Here are the most and least expensive cities https://ks2252.com/grocery-bills-america-here-most-least-expensive-cities/ Tue, 28 Oct 2025 20:42:25 +0000 https://banparacard.com/grocery-bills-america-here-most-least-expensive-cities/ Americans in some cities are spending nearly four times more of their income on groceries than others, a new analysis shows, with the hardest-hit households mainly in the Midwest and South. Residents of Detroit spend the largest share of their income on groceries — nearly 3.8% — followed closely by Cleveland and Birmingham, Alabama, according …

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Americans in some cities are spending nearly four times more of their income on groceries than others, a new analysis shows, with the hardest-hit households mainly in the Midwest and South.

Residents of Detroit spend the largest share of their income on groceries — nearly 3.8% — followed closely by Cleveland and Birmingham, Alabama, according to a new report from personal finance website WalletHub. At the other end of the spectrum, residents in Fremont, California, spend less than 1%.

“In the cities where people spend the most money on groceries, residents often have low incomes on top of seeing high sticker prices on common grocery items,” said Chip Lupo, WalletHub writer and analyst.

HAMBURGER HELPER SALES SURGE AS AMERICANS TIGHTEN BUDGETS AND SEEK CHEAP, FILLING MEALS

Detroit and Cleveland have some of the lowest median household incomes in the country — $39,575 and $39,187, respectively, according to Data USA.

Cities with higher living costs such as San Francisco and San Jose, California, meanwhile, typically have higher incomes that balance out expenses.

Americans in some cities are spending nearly four times more of their income on groceries than others, according to a new study. (iStock)

The top five cities where residents spend the most on groceries are Detroit; Cleveland; Birmingham, Alabama; Newark, New Jersey; and Toledo, Ohio.

The five cities where residents spend the least are Fremont, California; San Jose, California; San Francisco; Irvine, California; and Gilbert, Arizona.

Grocery prices have climbed nearly 30% since before the COVID pandemic, according to federal data, and rose by as much as 0.6% between July and August, marking one of the largest monthly increases in the past three years.

HAMBURGER HELPER SALES SURGE AS AMERICANS TIGHTEN BUDGETS AND SEEK CHEAP, FILLING MEALS

To conduct its survey, WalletHub selected 26 grocery items covering a broad range of common household items, including meat, dairy, vegetables and fruits, frozen food and cleaning products, Lupo told Fox News Digital.

Meat and dairy prices drive most of the grocery cost gaps nationwide, with items like chicken, milk and eggs varying sharply by region, Lupo said. Produce tends to fluctuate less, he said.

Meat prices are fueling the biggest differences in grocery costs across the country, a WalletHub analyst said. (iStock)

Those in lower-income cities like Detroit and Cleveland, said Lupo, feel a bigger squeeze because even modest grocery bills eat up a larger share of limited paychecks, while people in high-income cities such as San Francisco and Washington, D.C., can better absorb inflated prices.

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Lupo said grocery prices have also risen more sharply in the Midwest and parts of the South than in many coastal cities.

“Midwest cities like Detroit and Cleveland and southern cities such as Birmingham show some of the highest grocery costs relative to income,” he said, adding that inflation and lower local wages play a big role. In high-cost coastal cities, higher incomes tend to offset the inflated prices.

Experts recommend comparing prices, choosing store brands and taking advantage of discount programs. (iStock)

He noted that the WalletHub analysis focused on 100 of the largest U.S. cities for which complete grocery cost data was available.

A spokesperson for Detroit declined to comment. Other recent reports have found that Detroit and Cleveland still rank among the most affordable cities in the U.S. based on overall living costs.

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Grocery prices have stabilized but at elevated levels, driven by inflation and supply constraints, Lupo said.

“Shoppers will need to rely on budgeting, discounts and smart buying to manage the increased costs,” he said.

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WalletHub’s experts also recommend sticking to a shopping list, joining store loyalty programs, buying generic products and comparing unit prices to avoid overspending.

Andrew Burnstine, an associate professor at Lynn University in Florida, told WalletHub the key to saving is planning meals, shopping with a list, comparing unit prices, choosing store brands and setting a firm grocery budget.

Buying in bulk at warehouse clubs can save money. (iStock)

Jeff Shockley, a professor at Virginia Commonwealth University, added that shoppers can cut costs by buying in bulk at warehouse clubs like Costco, taking advantage of discounts and loyalty programs and steering clear of impulse purchases.

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Dana DiPrima, the New York-based founder of the nonprofit For Farmers Movement, which supports American farmers, also recommended shopping seasonally and locally, buying and storing staples properly, sharing bulk purchases, seeking end-of-day or “ugly” produce deals — and using every part of the food, such as beet greens and carrot tops.

“At this time of year, you can also stock up on staples and things that you need all winter that store really well, like potatoes, carrots, onions and other roots,” DiPrima told Fox News Digital.

Deirdre Bardolf is a lifestyle writer with Fox News Digital.

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White House says government shutdown could eliminate next inflation report despite optimistic numbers https://ks2252.com/white-house-says-government-shutdown-could-eliminate-next-inflation-report-despite-optimistic-numbers/ Tue, 28 Oct 2025 20:30:48 +0000 https://banparacard.com/white-house-says-government-shutdown-could-eliminate-next-inflation-report-despite-optimistic-numbers/ The White House claimed Friday that the government shutdown could delay or eliminate the next inflation report, causing economic fallout. The Rapid Response 47 account on X wrote Friday, “The White House has learned there will likely NOT be an inflation release next month for the first time in history.” “Due to the Democrat Shutdown, …

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The White House claimed Friday that the government shutdown could delay or eliminate the next inflation report, causing economic fallout.

The Rapid Response 47 account on X wrote Friday, “The White House has learned there will likely NOT be an inflation release next month for the first time in history.”

“Due to the Democrat Shutdown, surveyors cannot deploy to the field — depriving us of critical data. The economic consequences could be devastating,” the post said.

President Donald Trump, meanwhile, celebrated a strong stock market performance, as newly released Labor Department figures showed that inflation for the month came in at a better than expected 3%.

The U.S. Capitol is seen during the 23rd day of the federal government shutdown and a driver pumping gas in Miami amid rising fuel prices contributing to inflation. (Celal Güneş/Anadolu via Getty Images; Joe Raedle/Getty Images)

WHAT FED MUST DO NOW AFTER JEROME POWELL’S JACKSON HOLE EPIPHANY

That’s the highest since January and up from 2.9% in August. Excluding the volatile food and energy categories, core prices also rose 3%, down from 3.1% in the previous month. Cooler inflation data for September sent Wall Street surging Friday.

“THE STOCK MARKET IS STRONGER THAN EVER BEFORE BECAUSE OF TARIFFS!” Trump wrote on Truth Social.

It comes as investors bet on another Federal Reserve rate cut following the new inflation figures.

Core inflation, excluding food and energy, also eased to 0.2% monthly and 3.0% annually, showing modest cooling, while gasoline prices — the biggest driver of inflation — surged 4.1% following several months of declines.

White House press secretary Karoline Leavitt hailed the figures in a statement to Fox News Digital.

“Inflation came in below market expectations in September thanks to President Trump’s economic agenda,” Leavitt said.

President Donald Trump hailed news that the stock market was surging Friday. (Kevin Dietsch/Getty Images)

“This is good news for American families, and it’s a shame the Democrats are using them as leverage to fund health care for illegal aliens. Democrats choosing to keep the government closed will likely result in no October inflation report, which will leave businesses, markets, families, and the Federal Reserve in disarray,” Leavitt said.

“Because surveyors cannot deploy to the field, the White House has learned there will likely NOT be an inflation release next month for the first time in history,” the administration added in an emailed statement to The Associated Press.

Republicans have blamed the shutdown on Democrats, arguing that they refused to fund the budget in an attempt to reinstate taxpayer-funded medical benefits for illegal immigrants through Democrat lawmakers’ continuing resolution, which would include extending the expiring Obamacare tax credits.

Democratic leadership has disputed the claims, saying that Trump and Republican lawmakers are really behind the shutdown.

The report comes as the broader economy shows steady growth but slower hiring, creating a mixed picture for consumers and markets.

Traders work on the floor of the New York Stock Exchange in New York on Oct. 9, 2025. Stocks rallied to record highs Friday after new inflation data came in cooler than expected, fueling bets on another Federal Reserve rate cut. (Michael Nagle/Bloomberg via Getty Images)

Rents rose just 0.2%, the smallest yearly gain in nearly four years, while consumer prices increased 3% in September from a year earlier, the highest since January, and up from 2.9% in August.

The figures show that inflation continues to rise more slowly than many economists expected when Trump imposed sweeping tariffs in April. Economists estimate that the tariffs are adding roughly 0.4 percentage points to annual inflation.

Some of those duties were later reduced as part of trade deals, while many companies have only passed on part of the tariff cost to consumers out of concern that doing so would reduce sales. Businesses may shift more costs to consumers in the coming months if the duties appear permanent.

TRUMP BLASTS ‘TOO LATE’ POWELL AGAIN, THREATENS LAWSUIT OVER FED’S $3B HQ RENOVATIONS

The smaller increase will come as a relief to the Federal Reserve, which has signaled it will cut interest rates again next week — the second time this year — even as inflation remains above its 2% target.

Kevin Hassett, director of the National Economic Council, echoed Leavitt’s optimism, saying the latest numbers show inflation continuing to move in the right direction despite the shutdown pause in reporting.

“This is actually a really great report,” Hassett told Fox News. “The market is responding appropriately to good news, because 48 Bloomberg economists said this number was going to go way up. If you look at core CPI — the measure economists rely on most — it was down from August, below expectations and headed in the right direction.”

Federal Reserve Chairman Jerome Powell is expected to cut interest rates again next week. (Chip Somodevilla/Getty Images)

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“The top-line number was slightly higher only because of a refinery shutdown in September that temporarily drove up gas prices, but those have already come down,” he said. “The next time we get a CPI release, once the government reopens, we’ll see even further reductions in inflation.”

Hassett added that the brief rise in gas prices doesn’t change the overall outlook, pointing to steady progress in cooling inflation.

“The bottom line is the markets are responding not because they think inflation is going up, but because they believe, as we know is true, that inflation is headed in the right trajectory,” he said.

The Associated Press contributed to this report.

Michael Dorgan is a writer for Fox News Digital and Fox Business.

You can send tips to michael.dorgan@fox.com and follow him on Twitter @M_Dorgan.

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America’s allies are finally paying their fair share for defense. Now they must pay their bills https://ks2252.com/americas-allies-finally-paying-fair-share-defense-now-must-pay-bills/ Tue, 28 Oct 2025 18:21:54 +0000 https://banparacard.com/americas-allies-finally-paying-fair-share-defense-now-must-pay-bills/ Days ago, President Donald TrumpthreatenedSpain with new tariffs unless Madrid increases its defense spending to 5% of its GDP. Whether this tactic proves effective remains to be seen, but one thing is certain: the president has been even more effective than he was in his first term when it comes to getting other nations to …

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Days ago, President Donald TrumpthreatenedSpain with new tariffs unless Madrid increases its defense spending to 5% of its GDP. Whether this tactic proves effective remains to be seen, but one thing is certain: the president has been even more effective than he was in his first term when it comes to getting other nations to honor their commitments.This fact has been most prominent when it comes to defense spending.

In 2006, America’s NATO allies agreed to spend2% oftheir GDPon defense. After several years of little progress, the Obama administration secured anupdated agreementin 2014 that all would achieve this goal by 2024.Yet when Trump first entered office in 2017, onlyfiveof 28 nations had met thatmark.

The president and his national security team, including me, pressed our allies hard back then to live up to their commitments.By 2021, the number of NATO members doing so haddoubledand allied military spending increased considerably.

President Donald Trump, alongside Secretary of State Marco Rubio, speaks during a news conference following the NATO Summit on June 25, 2025, in The Hague, Netherlands. On the summit agenda was a new defense investment plan that raised the target for defense spending to 5% of GDP. (Omar Havana/Getty Images)

Fast-forward to 2025.Aided by the ongoing war in Ukraine and a European fear of Vladimir Putin, Trump managed to achieve what many thought impossible: convince our NATO allies to spend a whopping5% of their GDPson defense!

In the economic space, the White House has similarly persuaded other nations to live up to past obligations when it comes to trade, using tariffs and other means where necessary to do so. This should be more apparent when it comes to future trade talks with China.

The communist state hasviolatedits obligations and reneged on numerous agreements for decades, from the theft of intellectual property to currency manipulation and the unfair subsidization of Chinese companies. During Trump’s first term, for example, the PRC notablynever purchasedthe $200 billion in additional U.S. exports it had promised.

China may be the most notorious country when it comes to reneging on commitments, but it’s not the only one.Many of America’s friends are also culpable, especially when it comes to deals made with U.S. companies.I have seen this during my own time in the private sector.

Trump says US will ‘do fine’ with China amid rare earth minerals dispute Video

This is enough of a problem that the House Appropriations Committee recently wrote in the Augustreportof their FY2026 spending bill for national security, Department of State and related programs that it “continues to be concerned by reports of commercial disputes between United States entities and host governments….”

The committee noted “particular concern” about “disputes over real property seized, held or expropriated by foreign governments.”The report went as far as to call out the governments of the “Democratic Republic of Congo, Djibouti, Honduras, Kuwait, and Mexico.”

Allegedly, Mexico’s state-owned oil company PermexowesAmerican contractors $1.2 billion. Kuwait is purportedlyaccusedof not paying the U.S. for its financial obligations – including for its Al Zour refinery, one of the largest oil refinery projects in the Middle East – where it reportedly has left U.S. and other contractors unpaid.

And,per the State Department, many U.S. companies operating in Honduras have “voiced concerns regarding politically motivated threats of criminal prosecution and expropriation of private assets.”

Secretary of State Marco Rubio speaks to media at Ben Gurion International Airport, as he departs Tel Aviv for Qatar following an official visit, near Lod, Israel, Sept. 16, 2025. (Nathan Howard/Pool Photo via AP)

The committee concluded its report by directing Secretary of State Marco Rubio “to utilize the various tools of diplomatic engagement to…. facilitate the timely resolution of such disputes.” Such action, of course, begins with America’s diplomats abroad.

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U.S. ambassadors who are already on station in foreign capitals facing such matters should press their host governments on all levels. As should those persons being put forward to the Senate for such assignments – beginning with Amer Ghalib, who testified Thursday at a hearingto be America’s next ambassador to Kuwait (currently the only vacant post in the House Committee’s call out list).

Further, a separate congressional hearing on the broader issue of foreign governments allegedly backpedaling on their agreements with U.S. companies would also be quite helpful.

US Trade representative sees 'real wages going up' Video

The administration has appropriately spoken about protecting U.S. jobs, preserving American innovation, and ensuring fairness when it comes to global trade and business. We have seen the president’s team act on these instincts.And given the business backgrounds of many in the administration, they surely appreciate the challenges that American companies face when addressing business disputes with foreign governments.

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Just as the president did this year by getting our NATO allies to live up to their spending commitments when it comes to bolstering the alliance, applying this same focus and energy to help U.S. firms resolve their disputes with foreign governments would go a long way to helping American companies and workers.

If our allies and friends want the benefits of partnership with the United States, they must also honor their commitments – to our country, our businesses and our workers. That’s another good way to put America first and promote U.S. economic growth and prosperity.

CLICK HERE TO READ MORE FROM MARK ESPER

Mark T. Esper, Ph.D., served as the 27th secretary of Defense.

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