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- Data Center’s Spill of 5,000 Gallons of Diesel Forces N.J. River Cleanup
The fuel poured from a storage tank at a large data center in Secaucus, N.J., into a tributary of the Hackensack River. [TheTopNews] Read More.25 mins ago - DSA platform could cost up to $212T over a decade, analysis finds
The policy agenda of the Democratic Socialists of America (DSA) would cost between $71 trillion and $212 trillion in fresh spending over a decade, according to a new analysis.The progressive wing of the Democratic Party has seen electoral success recently, with some candidates backed by the DSA advancing in primaries in the wake of Zohran Mamdani's election as mayor of New York City.Angie Nixon, a DSA member in Florida, won the Democratic nomination for the U.S. Senate. Progressives who have touted similar policies as those in the DSA platform have also found recent success in Democratic primaries for U.S. Senate races, with Abdul El-Sayed winning in Michigan and Peggy Flanagan prevailing in Minnesota.Adam Michel, the director of tax policy studies at the Cato Institute, wrote in the New York Post that the "DSA promises a world of plenty, paid for by somebody else. Simple math says otherwise."THE HISTORY OF SOCIALISM IN THE US – AND WHY THE AMERICAN DREAM PREVAILSMichel analyzed the DSA platform and found that while the platform is "thin on details," he was able to estimate the spending policies would total between $71 trillion and $212 trillion in new spending over the next decade.He noted that at the high end of that estimate, the total government spending would reach as high as 92% of U.S. economic output."The socialists claim their plan will do away with rent. They'll make healthcare free and forgive student loans. Their system will provide utilities, college and food at no cost to the consumer," Michel wrote."However, making something free at the point of use simply shifts the cost somewhere else – in this case, to taxpayers," he added.BILL ACKMAN SOUNDS ALARM ON MAMDANI'S ECONOMIC AGENDA: 'SOCIALISM IS A DISASTER'Michel said that universal healthcare could cost $40 trillion to $70 trillion in spending over the course of a decade, as reforms modeled off a Medicare for All-like healthcare system would see the government take on costs like paying for doctors and nurses as well as operating medical facilities.Another plank in the DSA platform, a federal jobs guarantee, would cost up to $60 trillion to cover the wages of millions of American workers over a decade, according to Michel, who added that the elimination of rent or mortgages as part of a housing guarantee would cost trillions."Washington is currently projected to collect about $70 trillion in federal taxes over the next 10 years. To cover… [TheTopNews] Read More.33 mins ago - Paramount mum but LA officials on notice as rumors of move from California to Na...While Paramount has yet to announce its official departure from Hollywood, Los Angeles officials are on high alert after Los Angeles Mayor Karen Bass and Attorney General Rob Bonta were told an exit announcement was imminent.While TMZ reported that the statement was expected Tuesday, no announcement has been made. Meanwhile, Paramount Skydance officials have been spotted in Nashville scouting commercial properties as the studio considers moving some of its operations there, according to insiders with knowledge of the search in a new report.The studio has already looked at more than 400,000 square feet of potential space in Music City, according to a report by Politico. Other possible relocation options on the table include Texas and Georgia.Paramount declined to comment on the reports of a possible move when contacted by Fox News Digital.PARAMOUNT'S CALIFORNIA FUTURE IN DOUBT AMID ESCALATING LEGAL FIGHT"We cannot comment on a company's plans," Bonta's office told Fox News Digital. "It's no secret that Paramount has been making this threat, despite its alleged commitment to California and Hollywood. What Paramount decides to do is Paramount's choice alone. We'll continue to apply the law without fear or favor and continue to be open to coming to the table for good faith discussions."Bonta told MS NOW on Thursday that LA officials are still willing to come to the table and negotiate."We’ve heard this threat before, and it’s inconsistent with other things that they have said," he said. "If they decide to leave, that’s their independent choice. I’m not asking for it. I don’t want it, obviously, and that responsibility will lay at their feet."CNN STAFFERS SEE PARAMOUNT MERGER AS 'INEVITABLE' DESPITE LEGAL BATTLE DELAYING ELLISON TAKEOVERBonta was also asked about the possible move Thursday at The Atlantic Festival in New York."We will do our job," he said. "We have a job to enforce the law without fear and without favor, and at the same time, we are always open to come to the table if it is in good faith, and it is sincere, and we will always explore an opportunity to get the results that we want with our evaluation of the case at the table."CNN STAFFERS BRACE FOR PARAMOUNT CEO'S POTENTIAL PLAN TO LAUNCH EDITORIAL BOARD TO OVERSEE NETWORKIn July, Bonta, along with 11 other state attorneys general, filed an antitrust lawsuit against Paramount in an attempt to block the proposed Warner Bros. Discovery acquisition. They claimed the… [TheTopNews] Read More.1 hour ago
- California high-speed rail consultants billed taxpayers for a private plane, tik...California High-Speed Rail Authority officials rubber-stamped hundreds of thousands of dollars in travel charges incurred by outside consultants, according to a new report from the state's inspector general.The lavish spending revelations come as the $126 billion project has become a national symbol of government waste. Sixteen years after voters approved the initiative, not a single mile of track has carried a commercial passenger, and a recent assessment warned the project's funds could dry up entirely by the end of 2027.The audit, released Tuesday by the California Office of the Inspector General (OIG), revealed that taxpayers footed the bill for private aircraft travel, tiki bar visits, cigar lounges, luxury rideshares and international trips over a two-year period."In total, the Authority paid more than $2 million in travel-related costs for consultants at the four consulting firms in fiscal years 2024-25 and 2025-26," the OIG said.The investigation reviewed travel reimbursements billed by four outside consulting firms over the two-year period. It found that roughly 60%, or $680,500, of the payments it reviewed had not received advanced authorization. Additionally, $543,400 in travel expense payments were found to be "not allowable." In some instances, agency staff didn't even know the trips had taken place until the invoices arrived, frequently approving them with vague justifications like a "typical M-F week."The audit uncovered a lack of oversight, noting the agency's behavior is "inconsistent with the Authority’s role as the steward of public resources."TRUMP CALLS CANADA'S POTENTIAL EU ASSOCIATE MEMBERSHIP ‘LAUGHABLE,’ WARNS EUROPE OF ‘VERY HEAVY TARIFFS’Instead of standard business travel, the audit flagged an array of unauthorized luxury expenditures billed to "questionable locations" without prior approval. Financial consulting giant KPMG LLP was specifically identified by the OIG as the firm that billed the authority for rides to a nightclub, a tiki bar and a Washington, D.C. cigar lounge. Taxpayers were also on the hook for an outing to an escape room, a trip to a Denver sushi restaurant and a 25-mile "Uber Comfort" ride to a steakhouse in Folsom, California.KPMG declined to comment.The audit of the reimbursements extended to daily routines and premium transit. The agency repeatedly reimbursed ride-hailing trips to Planet Fitness gyms in and around Sacramento, continuing the practice even after a supervisor explicitly put in writing that the state does not cover rideshares to gyms.One consultant billed taxpayers $40 for a luxury "Uber Black" ride to travel less than a single mile in downtown… [TheTopNews] Read More.1 hour ago
- Video shows Waymo driverless vehicle stuck in ‘AI loop’ on flooded P...A Waymo vehicle struggled to navigate a flooded street in Phoenix this month, becoming stuck for more than 10 minutes in an "AI loop," according to witnesses.The car was filmed as it hesitantly moved back and forth, at one point almost backing into another car.WAYMO GETS REGULATORY APPROVAL TO SCALE UP ROBOTAXI SERVICE ACROSS CALIFORNIA, ENTER 2 NEW MARKETS"There were actually two Waymos holding up traffic," said Roger Pelkey, who captured the incident on video. "The one further up finally made it through. This one was stuck in an AI loop and frustrating drivers."The video shows the vehicle continually moving slightly forward before backing up, as other vehicles with human drivers went around.WAYMO RECALLS NEARLY 4,000 ROBOTAXIS AFTER CARS ENTER FREEWAY WORK ZONESIn May, Waymo suspended its driverless taxi operations across multiple cities — including Atlanta, San Antonio, Austin, Houston and Dallas — due to repeated incidents involving floodwaters.The vehicles encountered severe weather and drove into submerged streets, with some becoming stranded or stuck in floodwaters.Earlier this month, the company brought its driverless robotaxi service to Denver, San Diego and Tampa, expanding its fully autonomous ride-hailing service to 14 cities.CLICK HERE TO GET FOX BUSINESS ON THE GOFOX Business has reached out to Waymo for comment. [TheTopNews] Read More.3 hours ago
- King Charles Meets With A.I. Executives About Safety RisksThe gathering in Scotland brought together industry leaders amid a growing debate about the safety risks of unchecked artificial intelligence. [TheTopNews] Read More.3 hours ago
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