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Nationwide plan for "Economic Blackout" on Friday catches on in Chicago

Nationwide plan for "Economic Blackout" on Friday catches on in Chicago

CBS News28-02-2025

In an Economic Blackout set for Friday, groups are urging Americans not to spend any money on Friday as a form of protest.
The blackout is seeing support in Chicago.
The call to action — or rather inaction — is asking that American consumers refrain from making any purchases at major retailers on Friday, Feb. 28. The protest comes as people continue to endure rising prices on everything from food and gas to housing and utilities, epitomized by the soaring cost of eggs which in January averaged $4.95 a dozen.
In downtown Chicago, people move with purpose — whether they're driving, catching, a train, or shopping. But many hope the Economic Blackout will slow all of that down, in Chicago and around the country.
Behind the boycott is a group called The People's Union USA, a self-described grassroots organization founded by John Schwarz, a 57-year-old dad originally from Queens, New York City, who has been promoting the consumer blackout for weeks on social media.
Founded by Schwarz this month, The People's Union says it has no political affiliation, but focuses on "fairness, economic justice and real systemic change."
Official messaging from the People's Union suggests a boycott of all major retailers, with the goal of enacting broader economic change.
But many postings for the event created by online supporters have suggested a targeted boycott of retailers like Ford, McDonald's, Meta, Target, Walmart and Amazon, which have ended their DEI programs to comply with an executive order signed by President Trump in January.
"I really like the idea," said Jane Mangold, who had just come from the Target at 1 S. State St. "I reluctantly went to Target."
Word about the movement has been spreading in Chicago.
"I support it," said Terrence White. "If it's going to stop a lot of these programs from being eliminated and keep programs we need and keep people employed, I support it."
Mangold plans not to shop Friday because she is a beneficiary of DEI.
"I benefited in my career because there was a focus at some of the companies I worked at to really make sure that women were given equal opportunity that the men had, and what's wrong with that?" she said.
The one-day boycott is intended to show the power consumers have.
"I think it's about people. But I will say that everything is about politics," said Mike Nellis, a Chicago-based digital fundraising and advertising agency for Democrats. "I think money talks. Money might be the only thing left in American politics that actually matters."
Many have questioned if a one-day boycott will have any impact in the long term.
"We're going to have to take some unconventional actions, and this is a good place to start," Nellis said.
Nellis pointed to 2011, when a group of young activists descended on Wall Street in New York City to protest the gaping economic equality in America. That was known as Occupy Wall Street.
"I think you saw a lot of it during the George Floyd protests, where people were very frustrated and taking to the streets," Nellis said. "I think you can even go back to the Tea Party. I'll give Republicans credit — the Tea Party, like there was a lot of Astroturf in that, but there were also a lot of really angry people coming out."
The People's Union already has additional days in March to halt shopping.

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Chilco River Holdings to Host Exclusive Premium Whiskey Bourbon & RTD Tasting Event at Crazy Pour in Villa Park, IL
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Associated Press

time11 minutes ago

  • Associated Press

Chilco River Holdings to Host Exclusive Premium Whiskey Bourbon & RTD Tasting Event at Crazy Pour in Villa Park, IL

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Smaller amusement parks hope for a strong summer under the shadow of tariffs
Smaller amusement parks hope for a strong summer under the shadow of tariffs

Hamilton Spectator

time12 minutes ago

  • Hamilton Spectator

Smaller amusement parks hope for a strong summer under the shadow of tariffs

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6 Ways To Sidestep Rising Car Prices If Tariffs Take Hold
6 Ways To Sidestep Rising Car Prices If Tariffs Take Hold

Yahoo

time17 minutes ago

  • Yahoo

6 Ways To Sidestep Rising Car Prices If Tariffs Take Hold

With auto prices already inflated since the pandemic, proposed tariffs on imported vehicles could make matters worse. According to Reuters, tariffs could add as much as $12,000 to the cost of an imported car, a blow most Americans simply can't absorb. A recent JDMBUYSELL survey found that nearly 2 in 5 say they can't afford any increase in vehicle costs, and over half believe the proposed trade measures are more political than practical. Learn More: Read Next: While 47% still hope to buy a car in the next year, most are rethinking how. Here's how many are navigating the financial landmines and avoiding sticker shock if tariffs take hold. Used cars are quickly becoming the go-to workaround. With 17% already shifting focus to the secondhand market, the demand for reliable, lower-mileage models is expected to spike. Among Gen Z, used cars are the clear frontrunner, with 37% saying they'll buy pre-owned instead of paying tariff-inflated prices for new imports. Check Out: Thirty-seven percent of U.S. drivers said they'd opt for an American-made car if tariffs hike prices. It's a practical pivot that could save thousands. Domestic automakers stand to gain the most, especially from boomers and Gen Xers, who are drawing a hard line on price. For many, the trade-off in style or features is worth avoiding the financial hit. Twenty-five percent plan to downsize or downgrade their expectations. Swapping out a premium brand for a budget-friendly make or choosing a lower trim level are becoming popular strategies. Among Gen Z and millennials, flexibility matters more than prestige — and that mindset is spreading across other age groups as prices climb. Making savings over the longer term, with things like greater fuel efficiency, is also shaping decisions around buying. Twenty-two percent say they'd shift to more efficient vehicles to offset higher upfront costs, and the logic makes sense; if prices go up, saving money on things like fuel matters even more. More than half of Americans plan to hit pause on buying a car altogether. Delayed deals are now a key coping mechanism, especially for low- to middle-income earners. For buyers who aren't under pressure to upgrade, waiting out the policy changes could avoid thousands in extra costs. Despite the hype, only 6% said they'd switch to an electric vehicle (EV) like Tesla or Rivian to dodge tariff costs. But younger buyers seem more open to it, with nearly 1 in 3 Gen Zers at least considering the switch, and 14% said they'd go electric even if prices rise, a rate nearly five times higher than among boomers. The path forward isn't clear. With 40% of Americans expressing zero faith in federal trade policy to protect ordinary drivers, most aren't waiting for government solutions. Instead, they're adjusting buying plans, exploring alternatives and bracing for more expensive decisions ahead. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Here's the Minimum Salary Required To Be Considered Upper Class in 2025 Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on 6 Ways To Sidestep Rising Car Prices If Tariffs Take Hold

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