
White House says chips deals could perhaps expand to other companies
"It stands with these two companies, perhaps it could expand in the future to other companies. I think it's a creative idea and solution," press secretary Karoline Leavitt said during a press briefing.
(This story has been refiled to fix capitalization in headline and add a period at the end of paragraph 2)
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Daily Mail
27 minutes ago
- Daily Mail
Foreclosures rocket by 32% in Las Vegas after rip-off prices and Trump boycotts triggered slump in tourist city
Growing numbers of Las Vegas homeowners are falling into foreclosure as soaring prices and Trump boycotts decimate the city, a new report found. In Clark County, 200 default notices were filed in June, an increase of 32 percent from the same month last year, a research report from the University of Nevada 's Lied Center for Real Estate found. Default notices are filed after a property owner falls behind on their mortgage payments and indicates the start of the foreclosure process. 'With high interest rates, global economic uncertainty over tariffs, and a reduction of tourism in Southern Nevada, the local housing market has started to show some signs of distress,' the report said. Approximately 1,290 notices of default were filed in Clark County in the first six months of this year, up 28 percent from last year, according to the research report. A majority of the default notices are from single-family homes, nearly 1,035 filings, followed by 133 from townhome owners and 83 condo owners. Research director for the Lied Center, Nicholas Irwin, told the Las Vegas Review-Journal that the increase in filings is concerning, considering that Sin City has been suffering from a major tourism slump. He said that Las Vegas' unemployment rate is higher than the national average and warned of 'turbulent times ahead' for the local economy. The Las Vegas Convention and Visitors Authority (LVCVA) has also sounded the alarm on a steep decline in tourism and its negative impacts on the area. 'Some of the decisions that our administration has made around international relations has caused a drop in tourism,' LVCVA president Steve Hill said at a recent board of directors meeting, reported Fox 5. 'That has happened for Canada. Our international visitation is actually pretty flat, but that is making up for the 20-plus percent drop in tourism from Canada, which is our largest international source of visitation. That matters and we are having to overcome that.' Since his return to the White House, Trump quickly launched a hostile attack on the country and threatened to make it America's '51st state' if it did not submit to his tariff demands. With Canadians making up a large part of all tourism to Sin City, Trump's antagonism towards its residents may have played a role. A decrease in visitors from the north has also had negative impacts on business at Las Vegas' Harry Reid International Airport. The number of airline passengers arriving at Sin City's main airport is forecasted to continue to plummet by almost 100,000 per day, a new report warned. Capacity rates at Harry Reid International Airport are forecast to drop dramatically in the second half of 2025, according to LVCVA. The grim outlook is due to a decline in visitors from Canada, along with maintenance issues with the airport's second-largest airline, experts said. They warned that the number of inbound passengers will plunge by around 95,000 seats per day for the rest of the year. The worrying prediction represents a 2.3 percent fall from 2024 numbers, according to the report by Ailevon Pacific Aviation Consulting, which was commissioned by the city's tourism board. Workers across several industries in the tourist city claim tipping in the city has plunged by as much as 50 percent. Service workers are blaming a sharp drop in visitors, which they say has left them with fewer customers and lower pay. Some are pointing fingers at Trump, saying his presidency has led to a drop in international visitors, while some say the real problem is Vegas itself. The city only welcomed 3.39 million visitors in March, down almost eight percent from 3.68million in February. April saw just over 3.3 million visitors, a drop of 5.1 percent from last year. Hotels were 82.9 percent full the same month, compared with 85.3 percent in March 2024. Midweek occupancy recorded a decline of 2.5 percent in the same period, despite more than half a million people attending conferences there. And in June, there was a reported 11.3 percent drop in visitors compared to June 2024, while international travel to the city has fallen 10 percent.


The Independent
27 minutes ago
- The Independent
Dozens of New York marijuana stores could be forced to move over legal error
New York 's three-year-old recreational marijuana licensing system has been thrown into disarray after officials admitted a fundamental error in how they measure the legally mandated distance between cannabis dispensaries and schools. For years, the state had been using a simple door-to-door measurement, but it has now emerged that they misread the law, which requires the 500-foot (152-metre) buffer to be measured from the edge of a school 's property line. This startling admission, made by the Office of Cannabis Management last month, has plunged approximately 100 cannabis shops into uncertainty, leaving them to await a legislative fix or face potential relocation. Osbert Orduña, who owns The Cannabis Place in New York City, now deemed too close to a nearby preschool, described the news as like dropping "a grenade in the laps" of business owners. He added: "The way that they executed this was a complete and utter failure in leadership." The blunder represents the latest setback for New York's struggling legal marijuana programme. The initiative has been consistently hampered by legal challenges, a sluggish rollout, and significant regulatory gaps that have inadvertently allowed an illicit market to flourish across the state. Businesses now face an anxious wait as authorities grapple with the implications of their misinterpretation. 'To give you this news, and for the weight of it, I am incredibly sorry,' said Felicia A.B. Reid, acting executive director of the cannabis agency, said in notices to the businesses. The error impacts a sizable share of the state's roughly 450 cannabis dispensaries. About 60 of those were licensed using the erroneous measurement system, mostly in New York City, plus around another 40 that have licenses but are yet to open their doors. On top of that, there are almost 50 other businesses that have applied for licenses under the incorrect measurement system and are awaiting final approval from the agency. The state has set aside a pot of money where applicants can get up to $250,000 to help relocate. The existing shops have been told they can remain open for now, and even continue to operate with their expired licenses as long as the businesses file an application for a renewal. Regulators say they are urging state lawmakers to create a permanent fix that will allow the shops to stay put. But they have also noted that is not guaranteed. The state Legislature isn't scheduled to sit again until January. Meanwhile, business owners say they're being forced to operate in a gray area. Jillian Dragutsky, who opened a dispensary called Yerba Buena in Brooklyn a few months ago, worries the issue still jeopardises a dispensary's ability to bank, get insurance and purchase inventory since they are supposed to have valid licenses in place. 'How do you grow your business not knowing where you're going to be a few months from now?' Dragutsky said. In a statement, the cannabis office said businesses can obtain 'proof of a valid license or a letter of good standing to operate' by contacting the agency. An internal review of the cannabis office released last year detailed numerous problems at the agency, including inexperienced management and shifting licensure rules, while state leaders promised an administrative overhaul. Gov. Kathy Hochul, who has previously said the program has been a 'disaster,' called the school proximity problem 'a major screw up' and vowed to find a legislative fix. 'These people have worked hard. They've waited a long time. They put their life savings into something that they thought was going to help them support their families,' she said. 'So what I'm been doing is first of all reassuring them that you're going to be OK. Secondly, we need to get the law changed to have a fix.'


The Independent
27 minutes ago
- The Independent
DeSantis announces plans for second immigration detention facility in north Florida
Florida Republican Gov. Ron DeSantis ' administration is preparing to open a second immigration detention facility at a state prison in north Florida, as a federal judge decides the fate of the state's holding center for immigrants at an isolated airstrip in the Florida Everglades dubbed 'Alligator Alcatraz.' DeSantis announced Thursday that the new facility is to be housed at the Baker Correctional Institution, a state prison about 43 miles (69 kilometers) west of Jacksonville. It is expected to hold 1,300 immigration detention beds, though that capacity could be expanded to 2,000, state officials said. After opening the Everglades facility last month, DeSantis justified opening the second detention center, dubbed 'Deportation Depot' by the state, by saying President Donald Trump 's administration needs the additional capacity to hold and deport more immigrants. 'There is a demand for this,' DeSantis said. 'I'm confident it will be filled.' ___ Kate Payne is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.