Latest news with #TheCaliforniaPost
New York Post
6 days ago
- Business
- New York Post
California, here we come: A new Post is racing to the rescue
Great news for the left coast: California. As the Golden State's decline accelerates, the New York Post Media Group is launching The California Post to expose the causes of the rot. Based in Los Angeles, our new edition will contain daily content in print and online, offering the same intrepid, level-headed, reader-focused journalism that's made the New York Post so indispensable. Advertisement It'll report on news, entertainment, politics, culture, sports and business from a California perspective — and call out the lunatic policies dragging the state down, sending businesses and residents fleeing. For the first time ever, California is shrinking compared to the nation overall: from 12.1% of the US population in 2010 to just 11.9% a decade later, costing it a seat in Congress — and it's looking at losing up to five more seats after the 2030 Census. Since just 2020, more than 500 companies ditched the state or shrank operations while expanding elsewhere, per the Center for Jobs & the Economy. Advertisement Why? Life in California has worsened, thanks mostly to unchecked lefty pols. Taxes are off the charts (the top income-tax rate, 13.3%, is the nation's highest), yet poverty is everywhere. Regulatory rules and litigation block development, leading to sky-high housing costs. Last year, the California Policy Center found the state had America's highest unemployment, lowest income growth and highest poverty rate. Advertisement It highlighted Cali's ranking by Chief Executive magazine as the worst state in America to do business — for the 10th year in a row. Notable, too, are the huge costs of the left's green agenda. Meanwhile, armies of the homeless rule the streets; crime runs rampant. Lefty pols like LA Mayor Karen Bass and Gov. Gavin Newsom actually defend criminal illegal migrants. Advertisement The recent LA riots, and the fires months before, highlight the duo's feckless incompetence. But media there just can't (or won't) manage to call out the pols responsible. Count on The California Post to fill that role. 'Los Angeles and California surely need a daily dose of The Post as an antidote to the jaundiced, jaded journalism that has sadly proliferated,' quips Chief Executive Robert Thomson of News Corp, parent of the New York Post Media Group. Relax. The new paper will still be fun, and appreciative of the state's many allures: its stunning natural beauty, idyllic weather, diverse demographics — as well as the unique spirit that drove California's growth for so long, and still makes it almost a country in its own right. The new Post will honor the state's proud history — as the world capital of film and music and a leader in technology, military production, agriculture and tourism. And, of course, sports. The paper's set to debut in early 2026. Keep an eye out: There's hope for California yet.
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
Murdochs launch California newspaper as they grapple with Trump
Amid a tense legal battle between United States President Donald Trump and Rupert Murdoch, News Corp is launching a new right-wing tabloid in Los Angeles. Nick Papps, the weekend editor of Melbourne's The Herald Sun, will become the first editor-in-chief of The California Post, a new daily print product. The announcement comes just one year after Murdoch claimed print papers have as little as 15 years left. The New York Post Media Group announced the launch of the Post's West Coast counterpart overnight. News Corp's Australian boss Michael Miller confirmed Papps' move on Tuesday morning. ' The New York Post is going Hollywood,' the company said in a statement, adding that The California Post will bring the Post' s 'brand of fearless, common-sense journalism' and 'legendary headlines' when it launches next year. A new print product is a rare launch in the publishing industry. Last year, Murdoch predicted that print news has fewer than 15 years remaining, with circulation and print advertising both in structural decline. Loading The paper bragged about its influence in its announcement, stating that President Trump keeps a framed copy of the newspaper's front page outside the Oval Office. Murdoch, global News Corp boss Robert Thomson and the company are facing a legal battle with Trump, after the president sued the Wall Street Journal over a story it published in July, detailing a personal letter with a racy drawing allegedly sent by Trump to disgraced financier Jeffrey Epstein two decades ago. Trump has sought to have the 94-year-old Murdoch forced to answer questions under oath within weeks, arguing his age and health could rule him out of appearing at any trial, when it comes.
The Age
6 days ago
- Business
- The Age
Murdochs launch California newspaper as they grapple with Trump
Amid a tense legal battle between United States President Donald Trump and Rupert Murdoch, News Corp is launching a new right-wing tabloid in Los Angeles. Nick Papps, the weekend editor of Melbourne's The Herald Sun, will become the first editor-in-chief of The California Post, a new daily print product. The announcement comes just one year after Murdoch claimed print papers have as little as 15 years left. The New York Post Media Group announced the launch of the Post's West Coast counterpart overnight. News Corp's Australian boss Michael Miller confirmed Papps' move on Tuesday morning. ' The New York Post is going Hollywood,' the company said in a statement, adding that The California Post will bring the Post' s 'brand of fearless, common-sense journalism' and 'legendary headlines' when it launches next year. A new print product is a rare launch in the publishing industry. Last year, Murdoch predicted that print news has fewer than 15 years remaining, with circulation and print advertising both in structural decline. Loading The paper bragged about its influence in its announcement, stating that President Trump keeps a framed copy of the newspaper's front page outside the Oval Office. Murdoch, global News Corp boss Robert Thomson and the company are facing a legal battle with Trump, after the president sued the Wall Street Journal over a story it published in July, detailing a personal letter with a racy drawing allegedly sent by Trump to disgraced financier Jeffrey Epstein two decades ago. Trump has sought to have the 94-year-old Murdoch forced to answer questions under oath within weeks, arguing his age and health could rule him out of appearing at any trial, when it comes.
Boston Globe
6 days ago
- Automotive
- Boston Globe
Trump to appoint new top labor official within days
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up MEDIA Advertisement The New York Post announces a California newspaper Copies of The New York Post are displayed at a hotel in midtown Manhattan. KARSTEN MORAN/NYT New York's biggest tabloid is heading West. The New York Post said Monday that it would introduce a new version next year called The California Post, aiming to muscle in to an ailing local news ecosystem on the West Coast. The California Post will have its headquarters in Los Angeles and replicate The New York Post's style of bombastic reporting, sports coverage, and celebrity gossip from a California perspective, the company said. The newspaper will have its own staff of reporters, editors and photographers, though it will also share some resources with The New York Post. It will publish online and will print a daily edition starting in early 2026. Keith Poole, editor-in-chief of The New York Post, will be in charge of both newspapers. Nick Papps, a longtime editor at News Corp's Australian operation, will be the editor-in-chief of The California Post. — NEW YORK TIMES Advertisement AUTOMAKER Tesla grants Musk $29 billion in stock to 'keep Elon's energies focused' A Tesla dealership in Austin, Texas. Brandon Bell/Getty Tesla granted shares to Elon Musk worth nearly $30 billion, the company said Monday, describing it as a 'good faith' award to help retain the carmaker's CEO after his previous multibillion-dollar pay package was struck down by a judge. The company approved a grant of 96 million shares for Musk, which he could tap after two years of service in a 'senior leadership role' at Tesla. The mercurial billionaire, whose business empire includes rockets, artificial intelligence, brain implants, and more, hinted last month that he wanted more shares in Tesla, on top of his 13 percent stake, to prevent his ouster by 'activist' shareholders. It was a 'major concern,' he said on an earnings call with analysts. With the new shares, Musk would own nearly 16 percent of Tesla, a stake that would be worth over $150 billion at the company's stock price Monday. The package amounts to an extraordinary pay raise for Musk as Tesla sales and profit are falling and the company is losing market share, in part because of his behavior. His involvement in right-wing politics has alienated many liberal car buyers who are more likely than conservatives to buy electric vehicles. Musk is already the world's richest person, worth about $350 billion, according to Bloomberg. — NEW YORK TIMES FASHION American Eagle jumps as Trump touts Sydney Sweeney jeans ad Billboards of actress Sydney Sweeney are seen outside of an American Eagle store in New York City. Michael M. Santiago/Getty American Eagle Outfitters Inc. shares surged after President Trump came out in support of a controversial ad from the company. The spot, with the actress Sydney Sweeney, is the 'HOTTEST ad out there,' Trump said in a social media post. He added American Eagle jeans are 'flying off the shelves.' Trump deleted an earlier post, in which the actress' first name was misspelled. The stock jumped about 24 percent during Monday trading to $13.28 per share. Through last week's close, the shares had declined 36 percent this year. The apparel retailer launched an ad blitz in July with the tagline 'Sydney Sweeney Has Great Jeans.' One of the campaign's videos plays on the same-sounding word 'genes' as Sweeney zips up her jeans and intones that 'genes are passed down from parents to offspring often determining traits like hair color, personality, and even eye color.' 'My jeans are blue,' she adds, flashing her blue eyes at the camera. When American Eagle initially announced the ad campaign on July 23, shares rose as investors cheered the company snagging a deal with Sweeney, whose popularity has surged after appearances in TV shows such as 'White Lotus' and 'Euphoria'. In the following days, the gain eroded after critics said the ad's focus on the genes of a white, blond woman conjured up the racist theory of eugenics. Other social media users have said critics are reading too much into the ads. — BLOOMBERG NEWS Advertisement LABOR Boeing defense union goes on strike The Boeing logo at the company's factory in Renton, Wash. Lindsey Wasson/Associated Press Thousands of machinists at Boeing's defense hub in the St. Louis area went on strike at midnight Monday for the first time since the mid - 1990s, marking a new spasm of labor unrest for the Seattle-based aerospace giant. About 3,200 machinists in Missouri and Illinois who build fighter jets and munitions voted Sunday to reject the latest contract offer from Boeing. The strike represents a new challenge for Boeing chief executive Kelly Ortberg, who's attempting to revive the fortunes of the beleaguered airplane company after huge financial losses, production slowdowns, and a string of safety issues. 'We are prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers,' Dan Gillian, a Boeing vice president, said in a statement Sunday. — WASHINGTON POST Advertisement ECONOMY The vast majority of US adults are stressed about grocery costs, new poll finds A butcher's counter in a grocery store in Miami. Joe Raedle/Getty The vast majority of US adults are at least somewhat stressed about the cost of groceries, a new poll finds, as prices continue to rise and concerns about the impact of President Trump's tariffs remain widespread. About half of all Americans say the cost of groceries is a 'major' source of stress in their life right now, while 33 percent say it's a 'minor' source of stress, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Only 14 percent say it's not a source of stress, underscoring the pervasive anxiety most Americans continue to feel about the cost of everyday essentials. Other financial stressors — like the cost of housing or the amount of money in their bank accounts — are also broadly felt, but they weigh more heavily on younger Americans, who are less likely than older adults to have significant savings or own property. The survey also found that about 4 in 10 Americans under age 45 say they've used what are known as 'buy now, pay later' services when spending on entertainment or restaurant meals or when paying for essentials like groceries or medical care. — ASSOCIATED PRESS Advertisement TECH Lyft will use Chinese driverless cars in Britain and Germany Baidu, one of China's biggest software companies, said Monday that it would supply Lyft, an American ride-hailing service, with self-driving cars assembled by Jiangling Motors of China. ADEK BERRY/AFP via Getty Images China's automakers have teamed up with software companies to go global with their driverless cars, which are poised to claim a big share of a growing market as Western manufacturers are still preparing to compete. The industry in China is expanding despite tariffs imposed last year by the European Union on electric cars and despite some worries in Europe about the security implications of relying on Chinese suppliers. Baidu, one of China's biggest software companies, said Monday that it would supply Lyft, an American ride-hailing service, with self-driving cars assembled by Jiangling Motors of China. Lyft is expected to begin operating them next year in Germany and Britain, subject to regulatory approval, the companies said. The announcement comes three months after Uber and Momenta, a Chinese autonomous driving company, announced their own plans to begin offering self-driving cars in an unspecified European city early next year. Momenta will soon provide assisted driving technology to Chinese company IM Motors for its cars sold in Britain. — NEW YORK TIMES
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
New York Post Media to Launch The California Post in 2026
The New York Post Media Group plans to launch a new venture, The California Post, early next year. The publication will be based in Los Angeles and operate as a separate entity under the New York Post Media Group, according to statement on Monday. The California Post's content will appear across multiple platforms, and a daily print edition.
