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Economy Apr 02, 2026

US Economy in Turmoil: One Year On from Trump's 'Liberation Day' Tariffs

It's been one year since Donald Trump's 'liberation day' tariffs shook the global economy. Experts …
It's been 12 months since Donald Trump's 'liberation day' on April 2, 2025, when the US president introduced tariffs on nearly every country the US did business with. The move sent shockwaves through the global economy, causing chaos in Washington and beyond. Experts say that if Trump had spent the last 14 months on the golf course instead of in the White House, the US economy would be in a better place. The wholesale slashing of government jobs and defunding of US aid agencies had already signaled that Trump was in a hurry to upset institutions he considered profligate or useless. Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America. Dario Perkins, the head of global research at the consultancy TS Lombard, said: 'If you think that discouraging investors from buying assets in the US is a victory, then you don’t believe in a growing economy.' He added that Trump's policies had led to a decline in US manufacturing jobs and a growing trade deficit. The data supports Perkins' claims. US companies stopped hiring almost as soon as liberation day was announced. Significant revisions in February to data covering 2025 pushed payroll employment down by 403,000 jobs, resulting in the addition of just 181,000 jobs last year. This small boost is set against the 163 million people who are employed in the US. Russ Mould, the investment director of the British stockbroker AJ Bell, said: 'America is still home to the world’s largest economy and its reserve currency, as well as the globe’s largest equity and bond markets, but investors continue to reassess their exposure one year on from liberation day.' The next few months of steadily increasing confidence levels followed probably the calmest period in the second Trump presidency. But sentiment began to fall again in the autumn as the White House battled with Congress over the federal budget deficit and much of the public sector was shut down. A poll by the University of Michigan showed consumer confidence at a near record low at the end of 2025. A six-month moving average produced by the Conference Board showed every generation, from baby boomers to gen Xers, had lost confidence in the economy over the past year. Trump’s liberation day executive order stated: 'The decline of US manufacturing capacity threatens the US economy in other ways, including through the loss of manufacturing jobs.' However, the US manufacturing sector shed 100,000 jobs between January 2025 and March 2026. The ratio of manufacturing workers to total nonfarm employment fell to the lowest point since 1939. Bryan Riley, the director of the National Taxpayers Union Foundation’s free trade initiative, said: 'One year after liberation day, the evidence is in. Tariffs failed even by the Trump administration’s own terms. They did not shrink the trade deficit, did not revitalise manufacturing and did not help farmers. It would be a mistake to replace one set of failed tariffs with another.' Some major US companies have redirected their investments to Europe, but China has proved to be one of the main beneficiaries. In the year to February 2026, China’s industrial profits increased by 15.2%. It's a boom that Beijing will struggle to repeat should Chinese companies face fuel and energy shortages and price hikes. But the decline of two major powers can only be to China’s gain.
#Donald Trump #tariffs #US manufacturing jobs
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Economy Apr 02, 2026

Student Loan Forgiveness Offers Lifeline to Hundreds of Thousands Amid $1.7 Trillion Debt Burden

A small but growing group of U.S. borrowers are experiencing life‑changing relief as the Department…
Out of roughly 43 million Americans who collectively owe close to $1.7 trillion in student loans, only a limited number have seen their balances wiped clean. For those fortunate few, the impact has been profound, reshaping financial stability and opening new career possibilities.Laura Kluss, a 41‑year‑old clinical social worker from Sacramento, California, received forgiveness through the Public Service Loan Forgiveness (PSLF) program at the end of 2025. Her loan, which had ballooned into the six‑figure range, was reduced to zero, allowing her to consider a shift from government work to the private sector without the weight of debt.Earlier this week, the U.S. Department of Education began alerting approximately 164,000 additional federal borrowers that they may qualify for automatic loan discharge. The outreach focuses on individuals who attended any of more than 150 colleges alleged to have misled students about graduation rates, employment outcomes, or true program costs.For borrowers like Kimberly from Pennsylvania, the news feels like “hitting the lottery.” She explained that the forgiveness will enable her to settle other obligations, such as her mortgage and vehicle loan, and she warned that “college is a scam unless you become a doctor or a lawyer,” urging prospective students to consider trade schools instead.Ian Hobbs, a 43‑year‑old adjunct professor in Arizona, also saw his loans discharged, yet he stresses lingering repercussions. He noted that a high debt‑to‑income ratio has blocked mortgage approvals and job opportunities for over a decade, describing the experience as akin to “indentured slavery.”Jennifer Alfonso, a disabled stay‑at‑home wife from Florida, is awaiting a decision on a Total and Permanent Disability (TPD) discharge. She said that relief would prevent automatic deductions from her SSDI benefits, which currently leave her barely able to cover basic living costs.Alfonso also cautioned others to verify a school’s accreditation, recounting her own ordeal with an unaccredited institution that forced her to restart her nursing education after transferring credits.Brad Hufeld, a retiree in Delaware, Ohio, has carried a loan for 23 years after his college closed before he could graduate. He highlighted the personal toll, including the loss of his mother during that period, and urged borrowers to read the fine print before signing up for any program.A woman in her 60s working at a bottling plant in Kentucky, who filed for Chapter 13 bankruptcy two years ago, expressed hope that forgiveness could finally allow her to retire and keep her bills current.Finally, a 65‑year‑old semi‑retired truck driver in Texas, whose loan finances a truck‑driving certification rather than a degree, said that discharge would improve his credit score and provide much‑needed financial relief, adding a reminder to “do your homework before committing to any educational path.”p>
#Department of Education #student loan forgiveness #public service loan forgiveness
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Sports Apr 02, 2026

Phil Mickelson Withdraws from Masters Tournament Due to Family Health Issue

Phil Mickelson has withdrawn from the upcoming Masters Tournament due to an ongoing family health m…
Professional golfer Phil Mickelson has announced that he will not compete in next week's Masters Tournament due to an ongoing 'family health matter.'The 55-year-old, a six-time major winner, expressed his respect for Augusta National Golf Club and wished everyone the best of luck, stating he will be watching.Mickelson has had a notable career, winning the Masters in 2004, 2006, and 2010. He has also secured victories in two PGA Championships (2005 and 2021) and the Open Championship in 2013.This year's Masters would have marked Mickelson's 33rd start at Augusta. Only seven other players have achieved the feat of winning the tournament three times.Mickelson has been dealing with health issues and previously missed the first four LIV Golf events of the year. He returned to action last month at LIV Golf South Africa, finishing in a tie for 48th place.
#Phil Mickelson #Masters Tournament #Augusta National Golf Club
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Books Apr 02, 2026

The Painful Silence: A Family's Struggle with Estrangement and Loss

The author reflects on her decision not to tell her estranged sister about their other sister's ter…
The author's poignant essay explores the intricacies of family relationships, particularly the painful silence that can accompany estrangement. Years of strained relations between two sisters ultimately led to a difficult decision: not to inform the estranged sister about their terminally ill sister's condition.The author recounts a meeting with her two sisters, V, who had been living with cancer for 15 years, to discuss her wishes for a peaceful death at home. The absent sister, who lived abroad, was not invited. The author chose not to disclose V's condition to their estranged sister, citing the potential for additional pain.As the author navigated the complex web of family dynamics, she communicated with the estranged sister about their mother's illness, but kept V's condition private. This decision, though made out of love and respect for V's wishes, left the author with a profound sense of sadness.The essay is a thought-provoking exploration of the challenges of family estrangement and the difficult choices that can arise during times of loss. The author's reflections on her own experiences serve as a backdrop for a broader discussion on the complexities of human relationships.Circle of Wonders, by Kathryn Heyman, is a novel that likely delves deeper into these themes.
#her #she #not
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Sports Apr 02, 2026

Los Angeles Rams' Puka Nacua Enters Rehab as Lawsuit Alleges Antisemitic Remark and Biting Incident

Rams wide receiver Puka Nacua began a rehab program before being sued by Madison Atiabi, who claims…
Puka Nacua, the Los Angeles Rams’ standout wide receiver, entered a rehabilitation program months before a civil suit was filed against him, according to his legal counsel.Attorney Levi McCathern told The California Post that Nacua’s decision to seek treatment was not a reaction to the lawsuit, but an effort to "improve his overall behavior in every aspect of his life" and that he will remain in rehab for an extended period.The plaintiff, Madison Atiabi, alleges that during a New Year’s Eve dinner in Los Angeles last year, Nacua uttered a profane anti‑Jewish slur and subsequently bit her shoulder, leaving visible teeth marks. She also claims Nacua bit a friend’s thumb with enough force to cause acute pain.McCathern vehemently refutes the antisemitic accusation, describing the alleged bites as "horseplay" and citing multiple sober witnesses who assert that Nacua never made the offensive remarks attributed to him.In December, Nacua issued a public apology after a livestream gesture was criticized for echoing antisemitic tropes, further intensifying scrutiny of his conduct.On the field, the 24‑year‑old had a breakout season, leading the NFL with 129 receptions, 1,715 yards, and 10 touchdowns. He continued his dominance in the playoffs, topping the league with 24 catches for 332 yards and two touchdowns.With his contract set to expire this offseason, Nacura is eligible for an extension that could rank him among the highest‑paid receivers in NFL history, though the Rams have yet to announce any negotiations.
#Los Angeles Rams #Puka Nacua #Madison Atiabi
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Tech Apr 02, 2026

Google Introduces Gmail Address Change Feature for US Users

Google is allowing US users to change their Gmail address username once every 12 months without los…
Google has announced a new feature that allows US users to change their Gmail address username without losing access to their account. This update enables users to appear more professional by changing the quirky usernames they may have chosen in the past. The tech company has introduced a limit of one name change per 12 months. For example, users with addresses like [email protected] can change them to more professional ones like [email protected]. Sundar Pichai, Google's chief executive, highlighted that users can now say goodbye to outdated usernames like [email protected] or [email protected] by updating their account settings. Previously, Gmail users with quirky email addresses had to create a new account to change their username. The new feature allows users to transfer all their emails, data, and future traffic to the new address while keeping their old address active. Users can change their Gmail address by going to their account settings, clicking on personal info, then email, and selecting the option to change their Google account email. Google has not indicated whether this feature will be rolled out worldwide. This update is particularly significant as email addresses are now integral to day-to-day online tasks, such as logging into streaming platforms, and are highly visible in professional interactions like job applications.
#Google #Gmail #Email address change
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World Economy Apr 02, 2026

Reform UK donor Nick Candy nets £275 million in record‑breaking Chelsea mansion sale

Property developer and Reform UK treasurer Nick Candy has sold his Grade II‑listed Chelsea mansion …
Nick Candy, who serves as the honorary treasurer of Reform UK and is among its top financial backers, has completed the sale of his Chelsea residence for an estimated £275 million. The transaction, first reported by Bloomberg, is believed to set a new benchmark for residential sales in London and ranks among the world’s most valuable property deals. Known as Providence House, the Grade II‑listed estate sits within the grounds of the Royal Chelsea Hospital and features a private lake and swimming pool. The identity of the purchaser has not been disclosed. Land Registry records list the current owner as Providence House LLP, a partnership controlled by Candy, with his estranged wife, former pop star Holly Valance, also named as a partner. A mortgage charge from First Abu Dhabi Bank is registered against the title. Candy’s involvement with Reform extends beyond his treasurer role; he contributed roughly £1 million to the party last year and has been instrumental in high‑profile fundraising events, including a 2024 gathering for Donald Trump Jr. at the estate. He has previously been seen alongside Nigel Farage as the party promoted a “billionaires’ bonanza” scheme offering wealthy individuals a £250,000 fee for ten‑year residency and a special tax regime. Candy also attended a meeting between Farage and billionaire Elon Musk at Mar‑a‑Lago in December 2024. Alongside his brother Christian, Candy amassed his fortune through global property ventures. He continues to market other high‑value assets, including a £175 million penthouse at One Hyde Park and a Los Angeles mansion, while maintaining office space in Mayfair that also houses Farage’s company, Thorn in the Side. Originally purchased by Christian Candy in 2012, the Chelsea mansion was later transferred to Nick Candy, underscoring the family’s long‑standing presence in the UK’s luxury property market.
#candy #his #reform
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Games Apr 02, 2026

Life Is Strange: Reunion Concludes a Decade-Long Journey with Emotional Impact

The final chapter of Life Is Strange, titled Reunion, brings together protagonists Max Caulfield an…
The Life Is Strange series, which debuted in 2015, has been praised for its unique storytelling and character development. The final chapter, Reunion, reunites protagonists Max Caulfield and Chloe Price as adults, concluding their decade-long story. The game follows Max, now a photography professor at Caledon University in Vermont, as she attempts to prevent a deadly fire from destroying the campus. Her time-traveling powers allow her to rewind time and interrogate students and faculty to unmask the future arsonist. This is when Chloe reappears, sparking a rekindled love story between the two characters. The game's narrative explores themes of first love, relationships, and the impossibility of avoiding the pain of loss. While the deduction aspect of the game is light, the plot is simple and free of narrative lacunae. The characters, particularly Chloe, are well-developed and likable, making the game's conclusion emotionally impactful. Reunion zeroes in on the best aspects of the Life Is Strange series, including its focus on character relationships and emotional storytelling. The game's ability to evoke feelings in players is a testament to its success, making it a memorable conclusion to the series.
#max #chloe #life
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Tech Apr 02, 2026

UK Social Media Users Post Less Due to Video Apps and Online Reputation Fears

UK social media users are becoming less active on tech platforms due to the rise of video apps and …
Social media users in the UK are posting, sharing, and commenting less on tech platforms, driven by the rise of video-oriented apps and fears that online posts could harm their reputation. According to Ofcom, 49% of adult social media users now post, share, or comment, down from 61% in 2024.The proportion of users exploring new websites has also decreased, from 70% to 56%. Joseph Oxlade, senior research manager at Ofcom, cited the popularity of video apps like TikTok and Instagram Reels as a reason for the decline in active use.Concerns about the long-term impact of online posts on personal and professional lives are also a factor. 49% of adults are now concerned about posts causing them problems in the future, up from 43% in 2024. This fear is not unfounded, as historic internet posts have been known to cause embarrassment for public figures.Despite this, social media use remains widespread, with 89% of adult internet users using at least one social media platform. The Ofcom data was based on a survey of 7,500 people across the UK last year over the age of 16.The data also showed that use of AI tools like ChatGPT has increased, with 54% of UK adults using them, up from 31% in 2024. Some users are interacting with AI as if it were a person, using it for tasks like seeking relationship advice or generating creative content.
#Ofcom #TikTok #Instagram
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