Business owner speaks out on why he's suing Trump admin over tariff turmoil
Learning Resources CEO and Chairman Rick Woldenberg joins Ana Cabrera to share why he is suing the Trump administration over the tariffs and explains how the constant whiplash of the tariff policies is hurting his business. Woldenberg says it has been "harder" than the Covid-19 pandemic.
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Yahoo
29 minutes ago
- Yahoo
Neighbors, PBOT fed up with NW 13th outdoor plaza
PORTLAND, Ore. (KOIN) — Outdoor dining spots became quite popular during and since the COVID-19 pandemic. They popped up around the city and many restaurants continue using the extra, outdoor space. But neighbors who live near the Northwest 13th Avenue Plaza said things have gotten out of hand. 'It was a great idea. And certainly during pandemic, everybody was all for it. But it's now, it's really just become an extension of this restaurant,' said neighbor Steve Heard about the outdoor seating at River Pig. 'People don't know what to do. Then you've got this little narrow area here, like, the fire trucks can't get through here. And it's just been kind of a mess.' The Portland Bureau of Transportation, which regulates the outdoor seating areas, said the structures like the one at Northwest 13th Avenue were that officially began in 2023. Stone Soup Cafe offers 'workforce culinary training' However, some of the restaurants' permits expired in December 2024. PBOT gave them deadline extensions for several months but told them fines were possible. In May, began getting fined $500 weekly. On June 1, the PBOT $500 fines became daily. Ramzy Hattaar, who owns River Pig, told KOIN 6 News he's been trying to work with the city. The restaurant filed for another permit, he said. 'I think the biggest issue, and what people are misunderstanding is, you know, we're not opposed to a standardized solution,' Hattaar said. And, he said, he needs more time. 'We need to find a way to afford to make the changes and have it not collapse our businesses and still want people to come down to the Pearl District during the summer months,' he said. Though PBOT declined an on-camera interview, they did provide answers in an email. 'The three businesses have not complied with plaza requirements, despite a year and a half of notice and four deadline extensions,' spokesperson Dylan Rivera said. 'Portland Fire & Rescue raised concerns about the roofs of the large structures creating fire hazards, the blocking of a building fire escape and inability to access fire department water connections on the building facade.' PBOT said the three businesses are River Pig, Papi Chulo's and The Star. Because the businesses 'have not complied' with 'PBOT will be moving forward with the removal of these plaza blocks due to lack of compliance, declining public support at this location, and ongoing maintenance and operations issues.' Rivera also said these structures at the Northwest 13th Avenue Plaza are also too big. 'As we stated in a notice in April, if the businesses did not come into compliance by May 11, weekly fines would begin, and if they did not come into compliance by June 1, daily fines would begin,' Rivera said. River Pig's Hattaar said the soonest he can get a contractor he can afford to take down the outdoor seating will be June 9. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29 minutes ago
- Yahoo
Fare increases planned for Ring and Ride buses
Fares for the region's Ring and Ride services are set to increase for the first time in eight years due to cost pressures. Charges for a single trip would rise from £1.30 to £2 if the plans are approved by West Midlands Combined Authority's (WMCA) board later this month. Board members are also expected to award contracts to operators which will guarantee the service for a minimum of five years from 1 December. Demand for Ring and Ride services has grown steadily, according to WMCA figures which show 2,487 people have taken a trip in the last six months. Bosses said the last week of March was the busiest since the start of 2020, when the service was hit by the Covid-19 pandemic. The authority currently provides a subsidy of nearly £6.5m per year to run the service but this is almost half the figure from 2010/11 when its budget was around £12 million. A WMCA report said income from fares brought in about £250,000 per year and that this was reinvested into the service. Despite rises in inflation, charges have remained the same since April 2017. The fees are much lower than the region's fixed route bus network – which will see fares increased further later this month – which has led to concerns people who do not need Ring and Ride might attempt to switch to it. "Fares are now significantly lower than the standard single bus fares despite the significantly higher level of customer service," the report said. "The current scenario could also potentially drive people who don't need this service to switch to it rather than using fixed route bus. "Without any fares adjustments the service will become increasingly unsustainable and place further pressure on the transport levy." If approved, the new Ring and Ride fare structure would be: £2 – Registered user aged 16+ / essential escort carer (up from £1.30) £1 – Registered user aged 5-15 (up from 65p) £2 – Adult travelling with registered user (down from £2.40) £1 – Child travelling with a registered user (up from 65p) Children under the age of 5 will still travel for free This news was gathered by the Local Democracy Reporting Service which covers councils and other public service organisations. Follow BBC Wolverhampton & Black Country on BBC Sounds, Facebook, X and Instagram. Hundreds of jobs saved at Ring and Ride service Strategy to improve bus network could cost £44m 'Ghost buses' and cut services: Passengers complain as bus cap rises WMCA Local Democracy Reporting Service
Business Insider
2 hours ago
- Business Insider
Jamie Dimon says the markets feel 'complacent' right now — and he's not optimistic about a soft landing
JPMorgan CEO Jamie Dimon said people could be in for a surprise when they realize that the market is not doing as well as they think. Dimon was speaking to Fox Business' Maria Bartiromo for an interview filmed on Friday, which aired on Monday. During the sit-down, Bartiromo asked him about his thoughts on how the markets are doing. "Complacent. Prices are high. Things are going okay. Prices are kind of working to a soft landing. I hope that's true. I just think the odds of that are lower than other people think, and that they are gonna surprise," Dimon told Bartiromo. "There's so many things moving out there, from deficits to geopolitics, to trade. It's complex, and something can go wrong. And when things do, you usually get surprised," he continued. A representative for Dimon did not respond to a request for comment from Business Insider. Dimon had made a similar warning when he spoke at the Reagan National Economic Forum on Friday. Dimon said the US is headed for a " crack in the bond market" because it "massively overdid" spending and quantitative easing during the COVID-19 pandemic. "It is going to happen," Dimon told forum attendees. "I just don't know if it's going to be a crisis in six months or six years, and I'm hoping that we change both the trajectory of the debt and the ability of market makers to make markets," he added. But Treasury Secretary Scott Bessent disagreed with Dimon. "I've known Jamie a long time and for his entire career he's made predictions like this. Fortunately, none of them have come true," Bessent said in an interview on CBS' "Face the Nation" on Sunday. "That's why he's a banker, a great banker. He tries to look around the corner," Bessent continued. House Republicans passed President Donald Trump's " big beautiful bill" on May 22. GOP lawmakers hope the bill, which is now with the Senate, will be reach Trump's desk on July 4. The Committee for a Responsible Federal Budget said the bill, in its current form, will increase the deficit by $2.5 trillion over the next 10 years. Bessent, however, said the Trump administration plans to reduce the deficit and "leave the country in great shape in 2028." "So the deficit this year is going to be lower than the deficit last year, and in two years it will be lower again. We are going to bring the deficit down slowly. We didn't get here in one year, and this has been a long process," he told CBS on Sunday. To be sure, Dimon isn't the only one who thinks the market has grown complacent. On Monday, "Big Short" investor Steve Eisman told CNBC's "Fast Money" that the market has "gotten pretty complacent" about tariffs. "I have one concern, and that's tariffs. That's it," Eisman said, adding that trade negotiations with Europe will be "incredibly complicated." "And I don't know what's going to happen with China. I just don't know how to handicap this because it's just too many balls in the air," he continued.
