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Guns, Law and the Uvalde Elementary School Shooting

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Guns, Law and the Uvalde Elementary School Shooting

The horrific college taking pictures yesterday in Uvalde, Texas, has ramped up the depth of the nationwide debate over gun management and the feelings round it.

The gunman killed 21 individuals, together with 19 kids, making this the deadliest taking pictures at a U.S. elementary college because the 2012 assault at Sandy Hook Elementary in Newtown, Conn. As a result of he turned 18 this month, the gunman was capable of legally buy two AR-15-style rifles in Texas, The Houston Chronicle reported.

Quickly after the taking pictures, the Senate majority chief, Chuck Schumer, moved to clear the way in which to drive votes on laws that might strengthen background checks for gun patrons. Senator Mitch McConnell, the minority chief, mentioned he was “horrified and heartbroken” by the taking pictures. However he and different Republican lawmakers gave no sign that they could drop their longstanding opposition to tighter gun legal guidelines, regardless that polls present that People overwhelmingly help such measures.

With the Senate divided 50-50, any laws on weapons must draw the help of all Democrats and not less than 10 Republicans to advance. The Democratic Senator Joe Manchin has mentioned he nonetheless helps the laws on background checks that he and the Republican Senator Pat Toomey launched after Sandy Hook, however yesterday he mentioned he didn’t favor eliminating the filibuster to go such a invoice.

Right here is how the newest mass taking pictures is more likely to reverberate in Washington and elsewhere:

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  • President Biden’s nominee to guide the Bureau of Alcohol, Tobacco, Firearms and Explosives, Steven Dettelbach, is ready to look earlier than the Senate Judiciary Committee right this moment. The listening to was already going to place a highlight on Biden’s stalled agenda on gun management, however the taking pictures raises the stakes. Republicans have portrayed Biden’s nominee as a risk to Second Modification rights.

  • The Nationwide Rifle Affiliation’s annual assembly opens on Friday in Houston, 300 miles from the location of the bloodbath. Former President Donald Trump, Gov. Greg Abbott of Texas and Senator Ted Cruz are amongst these scheduled to talk, and their phrases will get shut scrutiny. Requested yesterday in regards to the want for gun management measures, Cruz blamed Democrats and the media for dashing to “attempt to limit the constitutional rights of law-abiding residents.”

  • The taking pictures might improve strain on corporations to chop ties with the N.R.A., as some did within the wake of the 2018 highschool taking pictures in Parkland, Fla. That assault led to an even bigger push for boycotts than different current shootings, maybe as a result of the survivors had been youngsters who had been expert at leveraging social media.

  • Simply after the taking pictures, the California Senate handed a invoice permitting residents to sue makers or sellers of untraceable “ghost weapons” and unlawful assault weapons. The invoice was impressed by the abortion regulation in Texas that additionally deputizes personal residents. Different states might attempt related approaches to regulation.

  • Renewed requires tighter controls might result in a spike in gun gross sales. One month after the Sandy Hook taking pictures, a file two million weapons had been bought. Shares of gun makers typically rise after mass shootings, however the efficiency of main gun shares was combined in premarket buying and selling this morning, with Smith & Wesson up 1 p.c, Sturm Ruger down 1 p.c and Vista Out of doors falling 2 p.c.

“The gun producers have spent twenty years aggressively advertising and marketing assault weapons, which make them probably the most and largest revenue,” Biden mentioned in a speech to the nation yesterday. “For God’s sake, now we have to have the braveness to face as much as the trade.” This may very well be the mass taking pictures that results in vital change — or it might be a part of the lengthy record of different atrocities which were adopted by coverage stalemates.

Listed here are some methods to assist the victims of the taking pictures in Uvalde.


The Biden administration blocks Russia from paying American bondholders. The transfer will increase the probability of the primary default of Russia’s overseas debt in additional than a century. In the meantime, preventing is intensifying in Ukraine’s Donbas area, the place Ukrainian officers say they anticipate a devastating siege in Sievierodonetsk, the easternmost metropolis nonetheless underneath Ukrainian management.

One in 5 grownup Covid survivors within the U.S. could develop lengthy Covid. A big examine by the Facilities for Illness Management and Prevention, which evaluated digital medical data for almost two million individuals, discovered that the most typical post-Covid circumstances, no matter age, had been respiratory issues and musculoskeletal ache.

Glencore pays $1.1 billion to settle bribery and price-fixing fees. U.S. prosecutors mentioned the settlement with the mining and commodity-trading large adopted a “multiyear scheme to govern benchmarks used to set costs for oil at two of our nation’s busiest ports.”

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Two candidates in Georgia beat Trump-backed challengers. Gov. Brian Kemp trounced David Perdue in a victory that represented a convincing rebuke of former President Donald Trump. The victory units Kemp up for a rematch with Stacey Abrams. Within the secretary of state race, Brad Raffensperger, the Republican incumbent, averted a runoff towards Consultant Jody Hice.

The U.Ok. approves the sale of Chelsea F.C. to a U.S.-led investor group. The British authorities accredited the $3.1 billion sale of the soccer membership after receiving assurances that not one of the proceeds would go to its Russian vendor, Roman Abramovich, who hurriedly put his group available on the market three months in the past, virtually as quickly as Russian troops crossed into Ukraine.

The enterprise capital agency Andreessen Horowitz has guess large on crypto by means of market ups and downs. However nothing like this.

With the cryptocurrency market reeling — after the collapse of a so-called stablecoin helped tank the value of Bitcoin and worn out $300 billion in worth from the broader crypto economic system — the agency introduced this morning that it was launching its fourth and largest crypto fund, dedicating $4.5 billion to blockchain investments. “This speaks to the scale of the chance,” Arianna Simpson, a basic associate on the agency, instructed DealBook. “We’re excited to double down.”

The brand new fund will convey the agency’s whole crypto funding to $7.6 billion. About $1.5 billion of the fund will go to seed investments, and $3 billion to enterprise bets, backing initiatives of every kind from infrastructure to middleware to shopper apps.

Andreessen Horowitz, typically referred to as A16Z, believes the web might be improved by creating a brand new layer of infrastructure referred to as web3, constructed on blockchain know-how and fueled by cryptocurrencies. Believers say it is going to rework commerce and finance, permitting customers to transact with out intermediaries, receives a commission for participation and assist govern corporations.

At present, tech corporations are “primarily extractive, taking and benefiting from information,” Simpson mentioned, however web3 gives “a very novel method to possession.”

The agency is worried that the current crash will spur officers to enact laws that might crimp crypto’s progress, Simpson mentioned. Andreessen Horowitz began a lobbying effort final yr to assist make its case in Washington.

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— The billionaire financier George Soros, talking in regards to the warfare in Ukraine yesterday on the annual assembly of the World Financial Discussion board. Soros mentioned Russia’s invasion “could have been the start” of World Battle III.


When former President Donald Trump’s social media firm and its merger associate introduced in December that they’d rounded up $1 billion in further personal funds for the deal, it set off hypothesis in regards to the identities of the buyers.

Now, a draft doc shared with The Instances’s Matthew Goldstein sheds some mild. The buyers are largely a mixture of small to midsize hedge funds based mostly within the U.S. and Canada. The hedge funds Pentwater Capital and Sabby Administration are two of the larger buyers within the personal placement, as beforehand reported by The Instances. Funds related to Pentwater, a $10 billion hedge fund based mostly in Naples, Fla., stand to get the biggest variety of shares by means of the deal, in keeping with the draft doc.

Different large buyers embody Anson Funds Administration, Kershner Buying and selling Americas, K2 & Associates, Yorkville Advisors and MMCAP.

For the time being, Trump Media — which employed former Consultant Devin Nunes, a staunch Trump ally, as chief govt in December — has no disclosed income, and its social community has struggled to realize traction. Two individuals briefed on the matter mentioned a remaining model of the draft was anticipated to be filed with regulators tomorrow, though the timing might change.

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Trump Media’s bankers instructed potential buyers that these keen to place up not less than $100 million would get a name from Mr. Trump, in keeping with 5 individuals who had been briefed in regards to the pitches however weren’t approved to talk publicly.

Among the many funds that turned down Trump Media’s bankers had been Millennium Administration, a $57 billion hedge fund; Hudson Bay Capital, a $15 billion hedge fund; and Balyasny Asset Administration, a hedge fund with $13 billion in property. Apollo International Administration, the large personal fairness agency, additionally handed, an individual briefed on the matter mentioned.

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Epic Games says Apple blocked 'Fortnite' in U.S. app store

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Epic Games says Apple blocked 'Fortnite' in U.S. app store

Epic Games on Friday said that its popular game “Fortnite” will be offline on Apple devices because the iPhone maker blocked its recent app update.

The dispute comes just weeks after Epic Games and other app developers cheered a judge’s ruling that limited the commissions that Apple makes through third party apps distributed through its app store.

Apple received a scathing rebuke from U.S. District Judge Yvonne Gonzalez Rogers, who sided with Epic Games, which alleged that the Cupertino, Calif., tech giant ran afoul of an order she issued in 2021 after finding the company engaged in anticompetitive behavior.

Under the ruling, Apple can’t collect commissions on purchases U.S. customers make through links inside iPhone apps that direct them to outside websites. Developers, which make money by selling digital goods and services via their apps and games, want to avoid giving Apple a cut of their revenue by sending customers to other websites.

“That [Apple] thought this court would tolerate such insubordination was a gross miscalculation,” the judge wrote in her ruling.

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Many developers applauded the court’s ruling, which limits what they call the Apple tax, and said they would pass on the savings to customers.

Epic Games’ Chief Executive Tim Sweeney earlier this month said “Fornite” would return to the App Store in the U.S. and possibly worldwide if Apple extends “the court’s friction free, Apple tax-free framework” globally. But on Friday, the “Fortnite” X account said that Apple blocked its submission.

“Now, sadly, Fortnite on iOS will be offline worldwide until Apple unblocks it,” the account posted. Epic Games did not return requests for further comment.

Apple said on Friday that it asked that “Epic Sweden resubmit the app update without including the U.S. storefront of the App Store so as not to impact Fortnite in other geographies.”

“We did not take any action to remove the live version of Fortnite from alternative distribution marketplaces,” Apple said in a statement.

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Rob Enderle, principal analyst with advisory services firm Enderle Group, said the recent ruling applies to the U.S. and Apple wants to retain the rest of its control worldwide. Apple makes significant money through apps.

“Apple is using their … strength to prevent ‘Fortnite’ from benefiting globally from their core win,” Enderle said.

Epic Games filed its lawsuit against Apple in 2020. “Fornite” generates revenue by letting people buy digital goods, such as “skins,” in the game, and Epic wanted to let users buy items outside the Apple system to avoid the company’s commission.

While the judge ruled that Apple did not have a monopoly in the mobile gaming market, the court ordered Apple to let app developers put links in its apps so customers could make outside purchases and bypass the company’s commission fee. Apple, however, defied the order, the court said.

Apple limited the ways that developers could communicate with its customers about out-of-app purchases and used wording that discouraged users from clicking on those links, the judge wrote. Apple would charge a commission fee for any goods or services purchased within seven days of a consumer clicking on a link that took them out of the app, the ruling said.

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Apple is appealing the ruling and has said it strongly disagreed with the judge’s decision.

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Consumers Show Signs of Strain Amid Trump's Tariff Rollout

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Consumers Show Signs of Strain Amid Trump's Tariff Rollout

The U.S. consumer has seemed unstoppable in recent years, spending throughout soaring inflation and the highest borrowing costs in decades. That resilience helped to keep at bay a recession that many thought inevitable after the pandemic.

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Consumer spending has fueled the economy

Year-over-year percentage change in retail and food service sales

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Source: U.S. Department of Commerce

Note: Data is seasonally adjusted.

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President Trump’s tariffs and their scattershot rollout have once again raised concerns that the United States may soon face an economic downturn. While the odds of an outright recession have fallen as the highest levies have been paused, there are reasons to be worried about the ability of consumers to continue to prop up growth.

Consumer spending accounts for more than two-thirds of U.S. economic activity, meaning a sharp enough pullback could cause significant damage.

For now, consumers are still spending, although more slowly than in the past. Their attitudes about the economic outlook have soured in recent months in anticipation of elevated prices, slower growth and higher unemployment. Americans have also become choosier about how they spend their money. Leisure and business travel has declined. People are buying fewer snacks and eating out less as they look to cut costs. They are even doing fewer loads of laundry to save money.

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“The economy is really vulnerable to anything that could go wrong, and clearly there’s a lot that could go wrong,” said Mark Zandi, chief economist of Moody’s Analytics.

It is not yet clear if the slowdown simply reflects distortions related to stockpiling before Mr. Trump’s trade war starts to really bite, or if it is an early sign of a full-blown retreat.

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Part of what has enabled consumers to spend so freely up until this point is a stockpile of savings that they accrued as a result of government stimulus during the pandemic and a booming stock market. Those savings have now largely been tapped out.

“The cushion that was there during the pandemic to weather the storm of higher prices is not there now,” Diane Swonk, the chief economist at KPMG, said. The highest-earning 10 percent of Americans, who drive the bulk of consumer spending, are still in good shape, but it’s the bottom 90 percent that worry her most.

Those households are under increased financial stress.

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The share of outstanding credit card debt that is 90 days or more past due started increasing in 2023 and has continued to rise across geographies and income levels, according to data through the first quarter of this year released Tuesday by the New York Fed and research by the St. Louis Fed. The trend has become particularly pronounced for poorer households.

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Credit card delinquency is high

Percentage of credit card debt that is 90 days or more past due

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Sources: Federal Reserve Bank of New York Consumer Credit Panel/Equifax and calculations by Sánchez and Mori (2025) of the Federal Reserve Bank of St. Louis

Notes: Data is quarterly. Income categories are based on per capita aggregate gross income in 2019 from individual income tax ZIP code data.

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And real-time credit reports from Experian, one of the three major U.S. credit rating firms, suggest the pace accelerated in April.

Americans are struggling with other kinds of payments, too. The overall delinquency rate, which includes all loan types, reached its highest level since 2020 in the first quarter of this year, according to the Fed data. This was driven by student loan delinquencies, as past-due student loans once again were included in credit reports after a pandemic-era pause on federal student loan repayments.

Because they now have to pay down those balances after a five-year reprieve, consumers may increasingly have trouble servicing other kinds of loans, another strain.

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What matters most, however, is the labor market. “If American consumers have money, they’re going to spend it, and the primary place they get money is through their jobs,” said Eric Winograd, an economist at the investment firm AllianceBernstein.

Businesses are still hiring, layoffs are low and the unemployment rate has stabilized at a historically low level of around 4 percent. But the labor market is noticeably less robust than it was in the aftermath of the pandemic, a period that was marked by booming hiring, soaring wages and acute worker shortages.

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“Nothing emboldens consumers quite like a strong labor market, and we don’t have that anymore,” said Tom Porcelli, chief U.S. economist at PGIM Fixed Income.

Companies are posting far fewer job openings and positions are no longer much more plentiful than the number of people looking for work as businesses reassess their staffing needs in an environment of slowing growth.

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Jobs are no longer much more plentiful than available workers

Job openings vs. unemployment

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Source: Bureau of Labor Statistics

Note: Data is seasonally adjusted.

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Spending is now consistently increasing faster than income, once adjusted for inflation. This imbalance cannot last, said Neil Dutta, head of economic research at Renaissance Macro. Either incomes will need to accelerate or consumption must slow over time. “Given what we know about the job market and wage growth, it’s more likely that consumer spending slows than incomes rise,” he said.

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Spending is growing faster than income

Year-over-year percentage change in real consumption vs. real income

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Source: Bureau of Economic Analysis

Notes: Income excludes government transfer payments. Data is seasonally adjusted.

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Pay is no longer soaring for workers in the lowest-paid industries, such as leisure and hospitality, who saw their earnings increase the fastest in the initial recovery period when the job market was strong and demand for their services was high. Now, pay is rising faster in high-wage industries — as pay for lower- and mid-wage jobs stagnate.

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Wage growth has slowed, particularly for workers in low-wage industries

Median year-over-year percentage change in industry-level earnings for nonmanagers

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Sources: Bureau of Labor Statistics; New York Times analysis

Notes: Lines show three-month rolling averages. Medians are weighted by employment levels. “Low-wage” is the bottom 25 percent of industries, “high-wage” the top 25 percent, and “mid-wage” the middle 50 percent.

It is too early to say if the lessons of the post-pandemic period will prove applicable this time around. Consumers are clearly under heightened pressure, but it will take time to know whether they are buckling under that weight or once again muscling through.

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So far, policymakers at the Federal Reserve do not appear too worried just yet and are taking their time to assess the economic impact of Mr. Trump’s policies before restarting interest rate cuts.

“The U.S. consumer never lets us down,” John Williams, president of the Federal Reserve Bank of New York, said in a recent interview.

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Retail theft surge in Inland Empire store prompts new policy: Leave shopping bags with the cashier

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Retail theft surge in Inland Empire store prompts new policy: Leave shopping bags with the cashier

A locally owned grocery store fed up with a rise in theft in its Inland Empire community is trying to crack down on the problem by restricting the use of large personal shopping bags in the store.

On a Facebook post in April, Matthew and Allison Whitlow announced their ownership of the Grocery Outlet on East Florida Avenue in Hemet. Less than a month later, the owners noted on social media that a personal bag policy will be strictly enforced citing “an influx of theft.”

In the post, the Whitlows asked that customers leave their reusable shopping and personal bags — including anything larger than a small handbag — in the front of the grocery store with a cashier.

“While this has always been posted on our front door, we have had some take advantage and walk out of store without stopping by the register,” according to a Facebook post.

The Whitlows declined to speak with The Times about the incidents that led to their decision.

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But asking customers to leave their reusable bags at the front of the store could create confusion for shoppers who are trying to follow state law and help the environment.

Since 2014, California has worked to eliminate single-use plastic bags from grocery stores and have recently taken a step further by passing legislation that would do away with the thicker plastic bags made of high-density polyethylene, or HDPE. Grocery stores have been offering the thicker HDPE bags to shoppers instead of the banned thin plastic bags.

In response, shoppers across the state have stocked up on reusuable grocery bags, made of canvas or cloth.

The new bag policy is in response to an uptick in retail theft across the state, an issue so problematic that state officials have dispatched California Highway Patrol officers to help local police get a handle on retail crime and car theft and help bolster traffic enforcement.

Gov. Gavin Newsom has sent officers to Oakland and Bakersfield, cities that have had immense issues with smash-and-grab retail crime.

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Customers who leave their large bags at the front are allowed to take out and carry their smartphones and wallets while they shop.

The Whitlows are encouraging their customers to use store-provided hand baskets instead.

“With us being locally/independently owned, when theft occurs, it not only hurts us, but the community,” the post stated. “We know this is inconvenient for everyone, but we want to ensure that we have products for you all as well as not lose any so we can keep pricing affordable.”

Rather than resort to theft, the owners suggested in the post that shoppers who are struggling to make ends meet ask for help.

“Please ask for one of the owners, Matt or Allison, and we will see what we can do to help,” the post stated.

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