Matt Gagnon discusses the trustworthiness of economic data, emphasizing the importance of timely, albeit imperfect, estimates for policy and business decisions. He explains the process of revising job reports, noting that initial estimates are revised as more data becomes available, with final accurate figures available a year later. Gagnon criticizes the Trump administration’s economic policies, particularly tariffs, arguing they hinder economic activity, reduce exports, and inflate costs, ultimately leading to less economic growth and job creation. He contrasts this with the first Trump administration and highlights the predictable downward revisions in economic data. Gagnon also touches on the broader issues of honest media commentary and the challenges of making non-partisan critiques.
The horse-drawn carriages that have cruised through Central Park for more than 150 years will soon be banished from New York City, ending an iconic tradition beloved by tourists but long opposed by animal welfare activists.
Trees fell onto homes and utility poles were knocked down by a possible tornado in a central Arizona community during a series of violent storms that moved through the state overnight into Thursday.
The Orionids — one of two major meteor showers caused by remnants from Halley's comet — will peak this week, though a large moon will dim visibility until after it sets late at night.
Six Flags Over Georgia opened its gates Friday evening for the first time since a man fell to his death from one of the amusement park's towering roller coasters.
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