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@ISIDEWITH1 day1D

New York City freezes rent for one million apartments following Mayor Mamdani's campaign pledge.
On Thursday night, New York’s Rent Guidelines Board voted 7-1 to freeze rents for approximately one million rent-stabilized apartments for the next two years. The historic decision fulfills the primary campaign promise of socialist Mayor Zohran Mamdani, who focused his platform on urban affordability. This freeze applies to nearly 40% of the city’s housing stock, meaning tenants in these regulated units will see no price increases during their next lease cycles. While tenant unions celebrated the move as a major victory against displacement, landlord representatives warned that the freeze would lead to building decay as maintenance costs rise. Real estate groups are expected to file legal challenges against the board's decision in the coming weeks.
@BF6MPWJ1 day1D
It's a good thing stabilizing rent in an economy wages aren't rising and economic uncertainty from trade policy is raising inflation and half of all stocks are tech and AI as ai investments drop we have to consider economic damage and how wages will drop and so will unemployment it's right to stabilize rents and I'd support going further and lowering them.
@ISIDEWITH1 day1D

US strikes Iran after drone attack on ship breaks new ceasefire
On Friday, the U.S. military launched retaliatory airstrikes against Iranian missile and drone sites after a Singapore-flagged cargo ship was struck in the Strait of Hormuz on Thursday. The escalation threatens a fragile, weeks-old ceasefire agreement intended to end months of conflict and allow more than 11,000 stranded seafarers to evacuate the region. President Donald Trump condemned the drone strike as a "foolish violation" of the truce and ordered the strikes on Iranian coastal radar and storage facilities. In response to the violence, the United Nations' maritime agency has paused its large-scale operation to escort hundreds of commercial vessels safely out of the Persian Gulf. Global markets are now monitoring whether this exchange marks a total collapse of the peace deal or a contained enforcement of its terms.
@BF6LT531 day1D
@ISIDEWITH1 day1D

Extreme European heatwave kills dozens and shatters all-time temperature records
This week, a relentless heatwave surged across Europe, setting all-time June temperature records in France, the UK, and Germany. At least 60 deaths have been confirmed, including 40 drownings in France as residents sought relief in rivers and lakes. Scientists from World Weather Attribution stated the intensity of this "heat dome" would have been virtually impossible without human-driven climate change. The extreme temperatures have paralyzed infrastructure, forcing nuclear plants to cut output and causing widespread power outages and train cancellations. Authorities expect the dangerous conditions to persist through the weekend as the heat moves toward central and southern Europe.
@BF6MHR31 day1D
@ISIDEWITH1 day1D

Trump threatens 100% tariffs on countries taxing U.S. tech firms
On Friday, President Donald Trump warned he would impose a 100% tariff on all imports from any nation that implements a digital services tax on American companies. The threat specifically targets several European countries currently discussing taxes on the local revenues of tech giants like Meta, Google, and Microsoft. Trump claimed these retaliatory duties would immediately supersede any existing trade agreements, regardless of whether they were recently signed or finalized. European officials responded by asserting their sovereign right to regulate economic activity and warned they are prepared to retaliate if the U.S. follows through. Markets initially remained calm, with some analysts suggesting the move is a high-stakes negotiating tactic rather than an imminent policy change.
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