Fact-checking false claims NATO troops are preparing to attack Russia from Estonia
A video claiming to show tanks preparing to advance towards St Petersburg from Tallinn in fact shows images from Estonia's Independence Day procession.
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Yahoo
an hour ago
- Yahoo
A new Target boycott begins June 3. Here's what to know in Wisconsin
Another boycott of Target begins on June 3, the latest in a series of week-long spending freezes targeting major corporations across the U.S. The Minneapolis-based retailer been the subject of several other actions this year, including a boycott on the fifth anniversary of George Floyd's murder, a Black History Month boycott and a 40-day "fast" organized by faith leaders to coincide with Lent. Like previous week-long boycotts, the action was organized by The People's Union USA. John Schwarz, the group's leader, told The Arizona Republic the boycotts aren't directly related to companies' DEI positions, but rather to "hold corporations and corrupt systems accountable." In January, Target announced it would be ending its DEI program this year after President Donald Trump returned to office. Here's what Wisconsin shoppers should know: The Target boycott begins on June 3 and runs through June 9. Though the spending freeze is intended to last for a week, a post on Schwarz's Instagram indicated the group is calling for a "permanent boycott" of the retailer. "They've had their chance," the post said. "Now we show them the true power of the people. There are 38 Target locations across Wisconsin, according to its store directory. The People's Union USA has more consumer boycotts through July. Here's the schedule: McDonald's: June 24-30 Independence Day boycott: July 4 After these week-long boycotts, the group has also planned month-long boycotts for July and August, according to Schwarz's Instagram. In July, consumers are urged to boycott Starbucks, Amazon and Home Depot. Walmart, McDonald's and Lowes are the subject of August's boycotts. This article originally appeared on Milwaukee Journal Sentinel: Why are Wisconsin consumers boycotting Target this week?
Yahoo
12 hours ago
- Yahoo
Where in Europe are workers losing ground as taxes rise faster than wages?
Among the 27 European countries covered in the OECD's Taxing Wages 2025 report, seven recorded a decline in real post-tax income in 2024 compared to 2023 for the average single worker without children. This measure reflects the amount of money left to spend or save after taxes are deducted and inflation is taken into account. The countries affected were Italy, Estonia, Czechia, France, Greece, Belgium, and Spain. In Italy, the average wage increased by 3.9% in 2024. With inflation at 1.2%, this translated to a real wage growth of 2.7% before taxes. However, the personal average tax rate—which includes both personal income tax and employee social security contributions—rose sharply by 7.5%. This created a significant gap between real wage growth and the increase in personal taxation, ultimately eroding much of the benefit from higher wages. Cristina Enache, global tax economist at the Tax Foundation, emphasised the impact of increased social security contributions. While this highlights a growing gap between wages and taxation, it doesn't directly reveal how much real post-tax income changed. Personal average tax rates also increased by more than 4.5% in Estonia and Czechia, leading to lower real post-tax incomes in 2024, as real wage growth did not keep pace. Enache of the Tax Foundation noted that in Estonia, the tax burden rise was driven by the removal of certain tax allowances. In Czechia, the increase was primarily due to higher social security contributions from either employees or employers. In France, real wages grew by 0.7%, but the personal average tax rate increased by 1.7%, resulting in lower real post-tax incomes compared to 2023. During this period, Portugal, the UK, and Turkey recorded the highest increases in real post-tax incomes. In Portugal, the personal average tax rate fell by 8%, while real wages grew by 4.7%. 'Portugal reduced its income tax rates for the first six tax brackets, reducing the overall tax wedge for the average income earner,' Cristina Enache told Euronews. In the UK, the average tax rate dropped by 8.7%, although real wage growth was modest at 1.6%. In Turkey, despite a 3.9% increase in the personal average tax rate, a substantial 15.5% rise in real wages led to significantly higher real post-tax incomes in 2024 compared to 2023. However, some critics have accused the national statistical office of manipulating inflation figures. Cristina Enache explained that "real post-tax income" refers to the income a person takes home after taxes, adjusted for inflation. 'A lower real post-tax income means that after taxes and inflation, the individual has less money to spend. Therefore, a decrease in the real post-tax income between 2023 and 2024 means that the worker earning the average wage is losing purchasing power,' she said. 'Bracket creep' occurs when income growth causes individuals to pay higher average income tax rates over time. This typically happens when inflation pushes taxpayers into higher tax brackets or erodes the value of tax credits, deductions, and exemptions. According to the Tax Foundation, 'bracket creep' leads to higher income taxes without any real increase in income. 'Indexing the income tax (and, depending on the design, the social security contributions) to inflation would avoid bracket creep and could mitigate the decrease in real post-tax income for workers,' Enache pointed out. The Euronews article titled 'Where did real wages rise and fall the most in Europe in 2024?' takes a closer look at how wages changed compared to 2023—examining nominal increases, inflation, real wage growth, and average salaries. Sign in to access your portfolio
Yahoo
19 hours ago
- Yahoo
Target faces another boycott starting June 3. Here's why this spending freeze is different
Another Target boycott starts this week amid the retailer's stance on diversity, equity, and inclusion (DEI) initiatives. Organized by advocacy group The People's Union USA, the Target boycott is one of 11 consumer spending pauses scheduled in 2025. The list of planned boycotts includes Walmart, Amazon, McDonald's and more. Black faith leaders like Pastor Jamal-Harrison Bryant led the now-indefinite nationwide Target boycott separately. Here's what to know about the latest Target spending freeze and how the boycott might look in Ohio. The upcoming June Target boycott takes place June 3-9, 2025. While the spending pause will last for about a week, the organization's leader has also called for a permanent Target boycott. Consumers are urged to avoid shopping at Target, both in store and online. Target, like some other major retailers, announced it would end its diversity, equity and inclusion efforts. According to the Arizona Republic, these changes included ending a program aimed at helping Black employees advance in the company and supporting Black-owned businesses. John Schwarz, founder of The People's Union USA, called for the permanent boycott of Target in a May 26 Instagram post. "Target needs to be shut down. This corporation needs to feel the full power of the people," he said. Schwarz told The Arizona Republic that the actions of The People's Union USA are not directly tied to companies' DEI stances, but still aims "to hold corporations and corrupt systems accountable." Following previous spending boycotts, Target found itself embroiled in DEI controversy and suffered a subsequent drop in foot traffic and sales. The company also indicated boycotts, inflation and tariffs as a result of President Donald Trump's trade war impacted sales. Target operates 65 stores across the state, according to ScrapeHero. This includes six in Cincinnati, five in Columbus, and one in Akron, according to Target's Ohio store directory. These are the dates for the rest of the year's boycotts, according to The People's Union USA: Target: June 3-9 McDonald's: June 24-30 Independence Day boycott: July 4 This article originally appeared on Cincinnati Enquirer: Target boycott begins June 3. Here's what it could look like in Ohio
