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Trump administration begins sweeping layoffs with probationary workers, warns of larger cuts to come; NYC music school teachers strike after union negotiations break down; Ohio advocates push for inclusive policies during Black History Month; Health experts recommend sunshine, socializing to cure 'winter blues.'

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Federal workers tasked with securing elections from foreign interference are placed on leave, parents' organizations reject dismantling Dept. of Education, and the Congressional Black Caucus presses discussions on slavery reparations.

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Rural America struggles with opioids and homelessness in unexpected ways, Colorado's Lariat Ditch could help spur local recreation, and book deliveries revive rural communities hit by Hurricane Helene.

Economists predict 2025 economic trends amid presidential transition

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Monday, January 6, 2025   

As President-elect Donald Trump prepares to take office, economists are weighing in on how his promised policies might shape what's ahead in 2025.

Economists pointed to tariffs, the stock market, electric vehicles, agriculture and education as key issues for this year.

Jason Miller, professor of supply chain management at Michigan State University, predicted the tariffs Trump has promised will take center stage. He also pointed to signs of a positive tailwind.

"Retailers have entered the holidays with inventory sort of in line with demand conditions," Miller observed. "November sales for motor vehicles were phenomenally strong for light trucks and SUVs. It was, on a seasonably adjusted basis, the third-highest month of all time."

Miller expected importers will stockpile Chinese goods to avoid tariffs but past tariffs failed to create jobs and instead, drove up costs, raising prices for consumers.

Miller projected the first major supply chain story this year could unfold as early as Jan. 15, involving the International Longshoremen's Association. He noted the East Coast and Gulf port contracts are set to expire, raising the threat of more port strikes.

"We may see port strike, Round 2," Miller emphasized. "No one is clear yet on how the incoming Trump administration would respond to that. Would they invoke the Taft-Hartley Act to end that strike, or would they let that play out?"

He added they are also monitoring extreme weather events similar to the polar vortex back in 2018, which could have a substantial effect on the economy.


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In 2023, the Biden administration ordered a Bakersfield oil company to remove old oil rigs from Carrizo Plain National Monument in Central California. (Bob Wick/BLM)

Environment

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Groups that fight to protect public lands are criticizing the Trump administration's new review of all oil, gas and mining on public lands. National …


Environment

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This weekend, Virginians will participate with other birders around the world in the Great Backyard Bird Count. Thousands of birding enthusiasts …

Environment

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This weekend, birders across the world, including in Maryland, will participate in the Great Backyard Bird Count. Thousands of birding enthusiasts …


A new study looking at drought impacts on grasslands found that such lands in China saw a 43% reduction in annual productivity, compared with just a 25% reduction in North America under the same conditions. (Adobe Stock)

Environment

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Grasslands are considered a vital component of South Dakota's landscape. But on the heels of new research, an expert suggests they might not fare as …

Social Issues

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Minnesota is little less than a year away from launching its paid-leave law, but state lawmakers are debating whether to delay the start until 2027…

In its next contract, the Manhattan School of Music Precollege Program faculty union is looking for "reasonable" class sizes and for teachers to easily access remote learning tools when needed. (Adobe Stock)

Social Issues

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A New York City music school's faculty is back in the classroom after a weeklong strike. The Manhattan School of Music's Precollege Program faculty …

Social Issues

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A New York bill would require schools to teach about the Jan. 6 insurrection. The bill calls for all K-12 students to be taught about the event…

Health and Wellness

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An Atlanta-based group is making sure more people have access to an unconventional but effective treatment for their moderate mental health challenges…

 

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