Matt Gagnon discusses the federal worker buyout plan, noting that a court order temporarily blocked it, giving the Trump administration more time to convince employees to leave. The Office of Personnel Management extended the deadline to Monday at 11:59 pm, and over 60,000 employees have accepted the offer, which is approaching 4% of the workforce. Gagnon criticizes the government’s inefficiencies, comparing it to the private sector’s ability to restructure failing companies.
The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May – roughly double what forecasters had expected – and the unemployment rate remained at a low 4.3%.
A Colorado court reversed homicide convictions against two paramedics on Thursday in the death of Elijah McClain, a Black man who was pinned down by police and injected with a fatal dose of ketamine.
The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks.
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