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Business owner speaks out on why he's suing Trump admin over tariff turmoil

Business owner speaks out on why he's suing Trump admin over tariff turmoil

Yahoo30-05-2025
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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Five takeaways as Trump seizes control of DC police, deploys National Guard
Five takeaways as Trump seizes control of DC police, deploys National Guard

The Hill

time30 minutes ago

  • The Hill

Five takeaways as Trump seizes control of DC police, deploys National Guard

President Trump announced on Monday that he was taking control of the District of Columbia's police and deploying the National Guard. Trump portrayed the moves, which will involve around 800 National Guard troops, as a response to high crime rates in the nation's capital. He said it was an attempt to 'rescue' the District from 'bloodshed, bedlam and squalor.' Reporters in a packed White House briefing room received handouts just before the president spoke where the District's murder rate was shown as higher than those of other international cities including Bogota, Delhi and London. Police statistics, however, show that crime rates in the District have fallen sharply over the past two years. Violent crime is down 26 percent when compared year-to-date against 2024. Last year, in turn, saw a 32 percent drop in homicides and a 35 percent drop in overall violent crime compared to 2023. That being said, the total number of homicides last year, 187, was still above the years that immediately preceded 2020's COVID-19 pandemic. Here are the main takeaways from Trump's announcement. A major assertion of federal power — and Trump's power The decision from Trump was more expansive than many people expected. A deployment of National Guard troops had been predicted, in part because the District's status — short of full statehood — gives the president clear control of when the Guard is deployed. The decision to wrest control of Washington's police — the Metropolitan Police Department (MPD) — was a significantly larger step. The fact that it came amid falling crime rates makes it even more controversial. So too does the politics of the District. Voters who gave then-Vice President Harris more than 90 percent of their votes last November will have their police force taken over by a notably divisive Republican president. Trump secured fewer than seven percent of the vote in D.C. The Home Rule Act of 1973, which gives the District its current measure of autonomy, provides for a president taking emergency control of the D.C. police for 48 hours. During that period, a president who wishes to extend control is supposed to provide the reasons for that decision to the chairpersons and ranking members of House and Senate committees with responsibilities for the District. Doing this enables presidential control for 30 days. Any extension beyond that, the statute says, can only come if 'the Senate and the House of Representatives enact into law a joint resolution authorizing such an extension.' Whether Trump accedes to those requirements remains to be seen. D.C. mayor offers modulated response District of Columbia Mayor Muriel Bowser (D) was critical of Trump's decision without intensifying her rhetoric as much as she could have. Bowser called the president's move 'unsettling and unprecedented' in a news conference. She also used the move to reiterate her belief that D.C. should be granted full statehood — a long-standing aim for many of the District's voters. In relation to a question about the prospect of military troops being deployed, Bowser said: 'I think I speak for all Americans: We don't believe it is legal to use the American military against American citizens on American soil.' But Bowser struck a fairly restrained tone throughout — including on social media where she wrote: 'Here's where we stand after today's announcement: we will follow the law, work with federal officials, and continue the work we do every single day to keep D.C. safe, beautiful, and the best city in the world.' Not everyone in city government was quite so measured. The District's attorney general, Brian Schwalb (D), said that Trump's move was 'unlawful' and asserted that 'there is no crime emergency in the District of Columbia.' Democrats, liberal groups worry about militarization at Trump's behest Beyond the D.C. government, Democrats, liberals and civil rights groups expressed angst over what they see as Trump's penchant for gratuitous militarization. Sen. Jack Reed (D-R.I.) said in a statement that Trump's 'ever-expanding use of the military for domestic matters is beyond alarming.' Reed cited as a precursor Trump's deployment of the National Guard and Marines in Los Angeles earlier this year — against the wishes of California Gov. Gavin Newsom (D) — saying that this showed a willingness 'to deploy U.S. military forces on American streets for inflammatory and political reasons.' Sen. Patty Murray (D-Wash.) accused Trump of being 'an incoherent wannabe dictator who is trying to turn D.C. into his personal police state.' Sen. Cory Booker (D-N.J.) contended that 'using U.S. military forces to enforce a policy agenda on American soil is a gross abuse of power that reeks of authoritarianism.' Among the broader criticism, Monica Hopkins, the executive director of the D.C. chapter of the American Civil Liberties Union (ACLU) called Trump's move, 'political theater and a blatantly phony justification for abuse of emergency powers.' It's unclear where things go from here Even amid all the words on both sides, there is a lot of uncertainty. One obvious question is whether Trump will fulfill the demands of the Home Rule Act, in terms of informing Congress about the reasons for his decision to take control of the police, and in ceding back control of the MPD after no more than 30 days. Another issue is where exactly the National Guard or other federally-commanded troops will be deployed. Trump has focused on tourist-friendly areas being besmirched by crime. But in fact Washington's worst crime rates by far are found in the economically deprived neighborhoods east of the Anacostia River, far from the epicenter of tourism. Another uncertainty hangs over what the president would characterize as success. In a social media post, he insisted that crime — as well as 'Savagery, Filth and Scum' — would 'DISAPPEAR' from D.C. Presumably he doesn't consider literally zero crime to be an achievable goal. Does any crime at all amount in his mind to justification for maintaining federal control? The news conference wasn't all about D.C. During Monday's news conference, Trump took questions on other topics. The most interesting moments came when he discussed his upcoming meeting with Russian President Vladimir Putin, scheduled for Friday in Alaska. Trump's tone suggested a new turn against Ukrainian President Volodymyr Zelensky. Trump and Vice President Vance berated Zelensky during an Oval Office meeting in late February but more recently the president had seemed to be putting pressure on Putin. That changed back Monday, when Trump once again appeared to blame Zelensky for the war, which was in fact started by Russia's 2022 invasion. 'I get along with Zelensky but, you know, I disagree with what he's done — very severely disagree,' Trump said. 'This is a war that should have never happened.' A deadline Trump had set for new sanctions on Russia expired on Friday without action being taken.

Rosen Law Firm Urges Lineage, Inc. (NASDAQ: LINE) Investors with Large Losses to Contact the Firm for Information About Their Rights
Rosen Law Firm Urges Lineage, Inc. (NASDAQ: LINE) Investors with Large Losses to Contact the Firm for Information About Their Rights

Business Wire

timean hour ago

  • Business Wire

Rosen Law Firm Urges Lineage, Inc. (NASDAQ: LINE) Investors with Large Losses to Contact the Firm for Information About Their Rights

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that an investor filed a class action lawsuit on behalf of purchasers of Lineage, Inc. (NASDAQ: LINE) common stock pursuant and/or traceable to the registration statement issued in connection with Lineage's July 2024 initial public offering (the 'IPO'). Lineage is a cold storage focused real estate investment trust ('REIT'). For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Lineage, Inc. (NASDAQ: LINE) Misled Investors Regarding its Business Operations. According to the lawsuit, the registration statement was false and/or misleading and/or failed to disclose that: (1) Lineage was then experiencing sustained weakening in customer demand, as additional cold-storage supply had come on line, Lineage's customers destocked a glut of excessive inventory built up during the COVID-19 pandemic, and Lineage's customers shifted to maintaining leaner cold-storage inventories on a go-forward basis in response to changed consumer trends; (2) Lineage had implemented price increases in the lead-up to the IPO that could not be sustained in light of the weakening demand environment facing Lineage; (3) Lineage was unable to effectively counteract the adverse trends listed above through the use of minimum storage guarantees or as a result of operational efficiencies, technological improvements, or its purported competitive advantages; (4) as a result, rather than enjoying stable revenue growth, high occupancy rates, and steady rent escalation as represented in the registration statement, Lineage was in fact suffering from stagnant or falling revenue, occupancy rates, and rent prices; and (5) consequently, Lineage's financial results, business operations, and prospects were materially impaired. When the true details entered the market, the lawsuit claims that investors suffered damages. What Now: You may be eligible to participate in the class action against Lineage, Inc. Stockholders who want to serve as lead plaintiff for the class must file their motions with the court by September 30, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome.

‘Trump's worst nightmare': Mamdani targets the president in his general election bid
‘Trump's worst nightmare': Mamdani targets the president in his general election bid

Politico

time2 hours ago

  • Politico

‘Trump's worst nightmare': Mamdani targets the president in his general election bid

'Every seat matters, every race matters, and who is mayor of New York is crucial,' Nadler said. 'New York City needs a leader who won't give Trump an inch, who won't flinch or bargain away our rights.' Trump has questioned Mamdani's citizenship, vowed to arrest him if he interferes with federal agents' crackdown on illegal immigration and threatened to cut federal funding to New York City if Mamdani doesn't 'do the right thing.' 'Comrade Mamdani is the American people's worst nightmare,' White House spokesperson Abigail Jackson said Monday, charging that the Democratic nominee's policies will tank the economy, increase crime and favor undocumented immigrants over American citizens. 'The American people have repeatedly rejected this Communist agenda and the more Mamdani shares his radical policies, the more the American people will recoil.' Mamdani identifies as a democratic socialist and has said he is not a communist. And Communist Party leaders don't count him as a member. Cuomo, making another bid for mayor after losing by nearly 13 points in the June Democratic primary, has argued that Trump would step all over Mamdani. Cuomo said he already stood up to Trump as governor during the Covid pandemic. 'Trump will flatten him like a pancake,' Cuomo posted on X. 'In 2020, Trump sent the National Guard into other states. Not New York. There's only one person in this race who can stand up to Trump: the one who already has, successfully and effectively.' (Cuomo used another food simile in a June primary debate, saying Trump would cut into Mamdani 'like a hot knife through butter.') Adams, the incumbent mayor, has said he is not beholden to anyone, including the president. He has insisted that he seeks a working relationship with Trump for the benefit of the city. And Sliwa, the longshot Republican making a repeat bid for mayor, has no direct relationship with Trump at all. In fact, the GOP nominee has encouraged Trump to stay out of the race for mayor. Mamdani said Monday he's open to dialogue with Trump if it benefits New Yorkers and that as mayor he would combat the president's agenda by staffing up city agencies, including the Law Department, and investing in legal representation for immigrants subject to deportation proceedings. 'Much of that fight back, that has to be delivered forcefully, rhetorically, through conversations, both public and private,' Mamdani said. 'But there's also the act of governance that is its own fight back, a governance that is actually characterized by competence and by compassion.'

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