State colleges and universities face big changes in state funding under $50.3 billion budget for state operations in the coming fiscal year. The budget also includes $60 million for expanded private-school voucher program. The Missouri House gave first-round approval Tuesday to a state operating budget that will close an almost $2 billion deficit by using almost all the state’s remaining surplus in the general revenue fund. At the end of more than five hours of debate, there were few changes in the spending plan for fiscal 2027 approved earlier this…
Posts published in “Finance”
Netflix, which offered an $83 billion bid for Warner Bros., announced Thursday it dropped out of the bidding war. That clears the way for Paramount Skydance to buy Warner Bros., which would merge Paramount in Hollywood and Warner Bros. in Burbank for the first time. The iconic studios are about 8 miles from each other and have been around since the early 20th century. Warner Bros. is known for everything from Bugs Bunny and “Casablanca” to the Superman and Harry Potter movies, and Paramount has served as the home to…
Japanese companies will finance investments valued at $36 billion in energy and minerals projects in Ohio, Texas and Georgia as part of a trade agreement that will cut U.S. tariffs on Japanese imports to 15%, according to the Trump administration. The announcement is part of Japan’s 2025 agreement to invest $550 billion over the next four years at the direction of the U.S., with the funds aimed at rebuilding and expanding core American industries. In October, the Trump administration provided details on Japanese investments of up to $332 billion to…
President Donald Trump has approved Gov. Jeff Landry’s request for more federal funding to help with recovery from a severe winter storm that hit North Louisiana in late January. The president signed off on a major disaster declaration that will bring more support from the Federal Emergency Management Agency to nine parishes: Bienville, DeSoto, East Carroll, Franklin, Morehouse, Ouachita, Richland, Tensas and West Carroll. The money will help pay for debris removal, emergency medical support, temporary generators and other services needed in the aftermath of the disaster. It can also…
Japan is preparing to lift long-standing restrictions on lethal weapons exports, marking another step in the erosion of its post-war arms export taboo. While the reform creates new diplomatic and commercial opportunities and allows deeper security cooperation with regional partners, Japan’s defence industrial base remains small, costly and capacity-constrained. Domestic procurement demands and labour shortages mean exports will likely remain modest, limiting the policy’s practical and strategic impact on regional military balances. Prime Minister Sanae Takaichi’s government is looking to loosen Japan’s long-standing restrictions on weapons exports, marking another step…
The cocaine market exploded between 2014 and 2023. Production in Colombia increased more than sevenfold to nearly 2,700 tonnes, according to the United Nations Office on Drugs and Crime (UNODC). Behind the scenes, drug traffickers find equally illicit ways to pay their suppliers and foot soldiers, or to spend the proceeds of their criminal trade. Their solution? Money laundering. It is estimated that 25% of the funds collected is laundered. Criminals generally launder money in three stages: firstly, they inject it into the financial system; secondly, they layer it with…
Few ideas in global finance generate as much anxiety as de-dollarization. To some Western observers, any attempt to reduce reliance on the US dollar is automatically framed as a political challenge to American power. Yet for much of the developing world, the conversation is far less ideological and far more practical. The push to diversify global payment systems and promote the use of local currencies is not about confrontation; it is a response to economic realities that many countries have lived with for decades. The dominance of the dollar has…
Actively promoting the reform process of the international financial system to adapt to changes in the global economic landscape is not only essential for advancing the international order toward a more just and equitable direction, but also a reasonable demand of the vast majority of developing countries. On December 27, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), now a World Bank institution, celebrate 80 years since they officially came into existence in late 1945. These institutions became the two main pillars of the…
State Sen. Scott Wiener wants to tackle energy affordability by making it easier than ever for households to adopt increasingly popular clean-energy tech. California lawmakers are considering two bills that would slash red tape for households looking to add certain types of clean tech. Earlier this month, state Sen. Scott Wiener (D), whose district includes San Francisco, introduced legislation that would make it easier for individuals to adopt all-electric, superefficient heat pumps (SB 222) and plug-in solar panels (SB 868). “The cost of energy is too high,” Wiener told Canary Media.…
The U.S. Supreme Court is currently reviewing a case to determine whether President Donald Trump’s global tariffs are legal. Until recently, tariffs rarely made headlines. Yet today, they play a major role in U.S. economic policy, affecting the prices of everything from groceries to autos to holiday gifts, as well as the outlook for unemployment, inflation and even recession. I’m an economist who studies trade policy, and I’ve found that many people have questions about tariffs. This primer explains what they are, what effects they have, and why governments impose…