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Hysteria over Trump's economy is unwarranted, economist says the US is on a ‘nice course'

Hysteria over Trump's economy is unwarranted, economist says the US is on a ‘nice course'

Fox News3 days ago
Former U.S. International Trade Commission chief Peter Morici weighs in on President Donald Trump's economic policy on 'Fox Report.'
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Apple Is Opening a Manufacturing Academy in Detroit
Apple Is Opening a Manufacturing Academy in Detroit

Gizmodo

time11 minutes ago

  • Gizmodo

Apple Is Opening a Manufacturing Academy in Detroit

Apple just announced plans to open a manufacturing academy in Detroit this August, as the company faces pressure from President Donald Trump to build iPhones in the U.S. Starting August 19, Apple will partner with Michigan State University to host free workshops for small and mid-sized businesses, aimed at helping American companies adopt artificial intelligence and smart manufacturing techniques. 'Apple works with suppliers in all 50 states because we know advanced manufacturing is vital to American innovation and leadership,' said Apple COO Sabih Khan in a press release. 'With this new programming, we're thrilled to help even more businesses implement smart manufacturing so they can unlock amazing opportunities for their companies and our country.' The workshops will cover topics like machine learning and deep learning in manufacturing, automation in production, using data to improve product quality, and applying digital technologies to enhance operations. Along with the in-person courses, Apple engineers are already consulting U.S. companies to help boost productivity, efficiency, and quality across their supply chains. The consulting help is available both online and on-site. Additionally, Apple plans to offer virtual classes later this year, teaching workers skills like project management and manufacturing process optimization. The company already runs 18 similar academies around the world that are focused on training software developers. Apple teased its first manufacturing academy back in February, when it announced plans to invest over $500 billion in the U.S. over the next four years. Part of that money is going toward an advanced manufacturing facility in Houston, which will produce servers to support the company's AI ambitions. The investment also includes Apple's work with thousands of U.S. suppliers, its data centers, and Apple TV+ productions. President Donald Trump has continued to press Apple to expand its manufacturing footprint in the U.S., using tariffs and public pressure to encourage companies to bring production back home. Apple isn't his only target. This year, companies like John Deere, Johnson & Johnson, and General Motors have also highlighted their new U.S. manufacturing efforts—moves the White House has been quick to take credit for. Still, tensions remain between Trump and Apple, as the company has yet to fulfill his wish to move iPhone production to the U.S. One analyst estimates that U.S.-made iPhones could cost up $3,500. In April, reports surfaced that Apple was shifting some iPhone manufacturing to India amid concerns about tariffs on goods from China. A month later, Trump told reporters in Qatar that he made it clear to Tim Cook that he didn't want Apple building its products in India. 'I said to Tim, I said, 'Tim, we've treated you really good, we put up with all the plants that you built in China for years … we're not interested in you building in India, India can take care of themselves,'' Trump said, according to Axios.

Trump hints at when new Air Force One from Qatar could take off
Trump hints at when new Air Force One from Qatar could take off

USA Today

time11 minutes ago

  • USA Today

Trump hints at when new Air Force One from Qatar could take off

Speaking to reporters, the president suggested he could start flying in the luxury jumbo jet by early next year. President Donald Trump suggested he could be flying on a refurbished Air Force One, gifted to the United States by the Middle Eastern country of Qatar, as soon as February of 2026. Speaking to reporters on July 29, the president said he's still unsure exactly how much the luxury jumbo jet, which he announced in May, will fully cost. "That's up to the military," he said. "I really haven't been involved. It's their plane." Trump's assertion follows reporting in ⁠The New York Times on July 27 that a recent $934 million transfer of Pentagon funds likely includes money to pay for and renovate the new plane. Democrats and experts have estimated the entire price tag of the project, including renovations, could potentially exceed $1 billion. The unprecedented gift of a Boeing 747, itself valued at $400 million, to the White House has been stirring controversy for months. The scrutiny from critics such as Sen. Jack Reed, D-R.I., the ranking member of the Armed Services Committee, has centered on a view of the arrangement as an overreach of presidential authority, with unclear implications for American foreign policy. Read more: MAGA backlash: Trump's plan to accept Qatari plane draws fire from friends A memorandum of understanding signed by Defense Secretary Pete Hegseth and Qatari officials and viewed by USA TODAY says the plane is an "unconditional donation." Qatari officials offered it without contingencies related to "any past, present or future official act or decision," according to the memo. When he initially announced the gift, Trump said he would be "stupid" not to accept what he called a "free, very expensive airplane." The president plans to use the jet while he's in office before donating it to his presidential foundation and library. Contributing: Cybele Mayes-Osterman, USA TODAY

Trump administration wants Harvard to pay far more than Columbia as part of settlement

time12 minutes ago

Trump administration wants Harvard to pay far more than Columbia as part of settlement

WASHINGTON -- The Trump administration is pressing for a deal with Harvard University that would require the Ivy League school to pay far more than the $200 million fine agreed to by Columbia University to resolve multiple federal investigations, according to two people familiar with the matter. Harvard would be expected to pay hundreds of millions of dollars as part of any settlement to end investigations into antisemitism at its campus, said the people, who spoke on the condition of anonymity to discuss internal deliberations. Harvard leaders have been negotiating with the White House even as they battle in court to regain access to billions in federal research funding terminated by the Trump administration. The White House's desire to get Harvard to pay far more than Columbia was first reported by The New York Times, which said the school has signaled a willingness to pay as much as $500 million. Harvard did not immediately comment. The Trump administration plans to use its deal with Columbia as a template for other universities, with financial penalties that are now seen as a staple for future agreements. Last week, Columbia leaders agreed to pay $200 million as part of a settlement to resolve investigations into alleged violations of federal antidiscrimination laws and restore more than $400 million in research grants. Columbia had been in talks for months after the Trump administration accused the university of allowing the harassment of Jewish students and employees amid a wave of campus protests over the Israel-Hamas war. Harvard faces similar accusations but, unlike Columbia, the Cambridge, Massachusetts, school challenged the administration's funding cuts and subsequent sanctions in court. Last week, President Donald Trump said Harvard 'wants to settle' but he said Columbia 'handled it better.' The Trump administration's emphasis on financial penalties adds a new dimension for colleges facing federal scrutiny. In the past, civil rights investigations by the Education Department almost always ended with voluntary agreements and rarely included fines. Even when the government has levied fines, they've been a small fraction of the scale Trump is seeking. Last year, the Education Department fined Liberty University $14 million after finding the Christian school failed to disclose crimes on its campus. It was the most the government had ever fined a university under the Clery Act, following a $4.5 million fine dealt to Michigan State University in 2019 for its handling of sexual assault complaints against disgraced sports doctor Larry Nassar. The University of Pennsylvania agreed this month to modify school records set by transgender swimmer Lia Thomas, but that school's deal with the Trump administration included no fine. The Trump administration has opened investigations at dozens of universities over allegations of antisemitism or racial discrimination in the form of diversity, equity and inclusion policies. Several face funding freezes akin to those at Harvard, including more than $1 billion at Cornell University and $790 million at Northwestern University. Last week, Education Secretary Linda McMahon called the Columbia deal a 'roadmap' for other colleges, saying it would 'ripple across the higher education sector and change the course of campus culture for years to come.' ___ The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at

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