Business
Congress votes to avert shutdown, sending short-term funding bill to Biden’s desk on January 18, 2024 at 9:54 pm Business News | The Hill
The House approved a short-term spending bill Thursday to keep the government funded through March, sending the stopgap to President Biden’s desk for his signature one day before a partial shutdown deadline.
The chamber cleared the two-step continuing resolution (CR) in a 314-108 vote hours after the Senate approved the measure, punting government funding deadlines to March 1 and March 8 and buying lawmakers more time to finish the formal appropriations process. The legislation is the third short-term spending bill Congress has approved in fiscal 2024.
Passage of the stopgap marks a cleared hurdle for Speaker Mike Johnson (R-La.), who cut a deal with other congressional leaders to avert a shutdown and, subsequently, was able to sell the proposal to enough members in his conference to get it over the finish line.
But the Speaker had to rely heavily on Democratic support after conservatives staked their opposition to the proposal, criticizing it for a lack of spending cuts and border security policy. Only two Democrats voted against the measure.
Former Speaker Kevin McCarthy (R-Calif.) was ousted in October in part for making a similar decision.
Challenges loom for Johnson. The Speaker has vowed to fight to secure conservative policy riders in the 12 annual appropriations bills, a goal that will be difficult to achieve against Democrats in the Senate and White House.
“I think we’ll be able to get our policy riders and our policy changes,” he told CNN’s Kaitlan Collins in an interview Wednesday night.
The Speaker — who has held the gavel for just 85 days — is also walking on thin ice with conservative Republicans who are frustrated with his handling of government funding matters and the question of sending additional aid to Ukraine. Hard-liners came out against the top-line spending deal Johnson struck with Democratic leaders earlier this month, spelling more trouble for his still-nascent Speakership.
Johnson last week rejected calls from conservatives to renege on the bipartisan top-line spending deal he had backed days before, and he brushed aside a suggestion from the right flank to put a long-term continuing resolution on the floor, which would have triggered a 1 percent across-the-board cut mechanism that was included in the debt limit deal McCarthy struck with Biden last year.
Reps. Chip Roy (R-Texas) and Marjorie Taylor Greene (R-Ga.) have both floated forcing a motion to vacate, the mechanism that was used to oust McCarthy, though there does not appear to be a strong threat to his Speakership.
Thursday’s passage did not come without some last-minute drama.
First, House Republican leadership announced that the chamber would vote on the two-step stopgap bill Thursday afternoon, rather than Friday morning, rushing to the floor as Washington prepares for a Friday snowfall. The Senate approved the legislation early Thursday afternoon, after leaders locked in a time agreement Wednesday night.
Then, Rep. Bob Good (R-Va.), the chair of the House Freedom Caucus, and Rep. Andy Harris (R-Md.), a member of the conservative group, huddled with Johnson and pitched him on adding an amendment vote on border and migration policy as part of the government funding process. Good said Johnson was “considering it.”
The Speaker, however, rejected the plea — which would have thrown a wrench in the planned process to avert a shutdown — dealing another blow to conservatives who have urged Johnson to embrace their hard-line tactics during the government funding process, to no avail.
“What we’re trying to do is do what’s best for the country, which is to reduce our spending, secure our borders,” Good told The Hill after Johnson’s spokesperson said the plan for funding the government had not changed. “We’re trying to help him and be a partner with him in doing that.”
“Unfortunately, to this point, decisions have been made to form a coalition with Democrats on the material legislation that matters to the country,” he added.
Asked if there would be any consequences for Johnson, Good responded: “We’ll see.”
While a chunk of conservatives opposed the CR on Thursday, the two-step framework is one they championed in the previous CR.
Members of the right-flank viewed the unconventional configuration as a way to avoid a massive end-of-year, whole-of-government omnibus bill.
Under the new measure, lawmakers agreed to extend funding for four of the 12 annual spending bills through March 1, staving off a funding lapse for the departments of Agriculture, Transportation, Housing and Urban Development, and Energy, as well as the Food and Drug Administration and other agencies.
The bill also kicks a Feb. 2 deadline for the remaining government agencies — like the departments of Defense (DOD), Labor, Education, and Health and Human Services — to March 8.
Spending cardinals in both chambers say the extra time is necessary to craft all 12 funding bills, but some are already worried about the pace of negotiations as they wait for a decision from top negotiators on the allocations for each of the dozen spending measures.
“I don’t think it’s a good sign,” Sen. Jon Tester (D-Mont.), who heads the subcommittee that oversees DOD funding, told The Hill on Thursday. However, he added that Senate Appropriations Chair Patty Murray (D-Wash.) and House Appropriations Chair Kay Granger (R-Texas) are working on a deal “to get the numbers.”
If Congress has to pass another stopgap bill in March, it would mark the fourth lawmakers have had to pass in the current session as deep partisan divides remain over spending. There is also concern in Capitol Hill about an impending April deadline for automatic spending cuts if Congress doesn’t finish its work on time.
“I’m worried about that,” Tester said. “I mean, the truth is, there needs to be some urgency.”
House, Business, News The House approved a short-term spending bill Thursday to keep the government funded through March, sending the stopgap to President Biden’s desk for his signature one day before a partial shutdown deadline. The chamber cleared the two-step continuing resolution (CR) in a 314-108 vote hours after the Senate approved the measure, punting government funding deadlines…
Business
Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

America’s job market is facing an unprecedented crisis—and nowhere is this more painfully obvious than at Harvard, the world’s gold standard for elite education. A stunning 25% of Harvard’s MBA class of 2025 remains unemployed months after graduation, the highest rate recorded in university history. The Ivy League dream has become a harsh wakeup call, and it’s sending shockwaves across the professional landscape.

Jobless at the Top: Why Graduates Can’t Find Work
For decades, a Harvard diploma was considered a golden ticket. Now, graduates send out hundreds of résumés, often from their parents’ homes, only to get ghosted or auto-rejected by machines. Only 30% of all 2025 graduates nationally have found full-time work in their field, and nearly half feel unprepared for the workforce. “Go to college, get a good job“—that promise is slipping away, even for the smartest and most driven.
Tech’s Iron Grip: ATS and AI Gatekeepers
Applicant tracking systems (ATS) and AI algorithms have become ruthless gatekeepers. If a résumé doesn’t perfectly match the keywords or formatting demanded by the bots, it never reaches human eyes. The age of human connection is gone—now, you’re just a data point to be sorted and discarded.
AI screening has gone beyond basic qualifications. New tools “read” for inferred personality and tone, rejecting candidates for reasons they never see. Worse, up to half of online job listings may be fake—created simply to collect résumés, pad company metrics, or fulfill compliance without ever intending to fill the role.
The Experience Trap: Entry-Level Jobs Require Years
It’s not just Harvard grads who are hurting. Entry-level roles demand years of experience, unpaid internships, and portfolios that resemble a seasoned professional, not a fresh graduate. A bachelor’s degree, once the key to entry, is now just the price of admission. Overqualified candidates compete for underpaid jobs, often just to survive.
One Harvard MBA described applying to 1,000 jobs with no results. Companies, inundated by applications, are now so selective that only those who precisely “game the system” have a shot. This has fundamentally flipped the hiring pyramid: enormous demand for experience, shrinking chances for new entrants, and a brutal gauntlet for anyone not perfectly groomed by internships and coaching.
Burnout Before Day One
The cost is more than financial—mental health and optimism are collapsing among the newest generation of workers. Many come out of elite programs and immediately end up in jobs that don’t require degrees, or take positions far below their qualifications just to pay the bills. There’s a sense of burnout before careers even begin, trapping talent in a cycle of exhaustion, frustration, and disillusionment.
Cultural Collapse: From Relationships to Algorithms
What’s really broken? The culture of hiring itself. Companies have traded trust, mentorship, and relationships for metrics, optimizations, and cost-cutting. Managers no longer hire on potential—they rely on machines, rankings, and personality tests that filter out individuality and reward those who play the algorithmic game best.
AI has automated the very entry-level work that used to build careers—research, drafting, and analysis—and erased the first rung of the professional ladder for thousands of new graduates. The result is a workforce filled with people who know how to pass tests, not necessarily solve problems or drive innovation.
The Ghost Job Phenomenon
Up to half of all listings for entry-level jobs may be “ghost jobs”—positions posted online for optics, compliance, or future needs, but never intended for real hiring. This means millions of job seekers spend hours on applications destined for digital purgatory, further fueling exhaustion and cynicism.
Not Lazy—Just Locked Out
Despite the headlines, the new class of unemployed graduates is not lazy or entitled—they are overqualified, underleveraged, and battered by a broken process. Harvard’s brand means less to AI and ATS systems than the right keyword or résumé format. Human judgment has been sidelined; individuality is filtered out.

What’s Next? Back to Human Connection
Unless companies rediscover the value of human potential, mentorship, and relationships, the job search will remain a brutal numbers game—one that even the “best and brightest” struggle to win. The current system doesn’t just hurt workers—it holds companies back from hiring bold, creative talent who don’t fit perfect digital boxes.
Key Facts:
- 25% of Harvard MBAs unemployed, highest on record
- Only 30% of 2025 grads nationwide have jobs in their field
- Nearly half of grads feel unprepared for real work
- Up to 50% of entry-level listings are “ghost jobs”
- AI and ATS have replaced human judgment at most companies
If you’ve felt this struggle—or see it happening around you—share your story in the comments. And make sure to subscribe for more deep dives on the reality of today’s economy and job market.
This is not just a Harvard problem. It’s a sign that America’s job engine is running on empty, and it’s time to reboot—before another generation is locked out.
Business
Why 9 Million Americans Have Left

The Growing American Exodus
Nearly 9 million Americans now live outside the United States—a number that rivals the population of several states and signals a profound shift in how people view the American dream. This mass migration isn’t confined to retirees or the wealthy. Thanks to remote work, digital nomad visas, and mounting pressures at home, young professionals, families, and business owners are increasingly joining the ranks of expats.

Rising Costs and Shrinking Wallets
Living in the US has become increasingly expensive. Weekly grocery bills topping $300 are not uncommon, and everyday items like coffee and beef have surged in price over the last year. Rent, utilities, and other essentials also continue to climb, leaving many Americans to cut meals or put off purchases just to make ends meet. In contrast, life in countries like Mexico or Costa Rica often costs just 50–60% of what it does in the US—without sacrificing comfort or quality.
Health Care Concerns Drive Migration
America’s health care system is a major trigger for relocation. Despite the fact that the US spends more per person on health care than any other country, millions struggle to access affordable treatment. Over half of Americans admit to delaying medical care due to cost, with households earning below $40,000 seeing this rate jump to 63%. Many expats point to countries such as Spain or Thailand, where health care is both affordable and accessible, as a major draw.

Seeking Safety Abroad
Public safety issues—especially violent crime and gun-related incidents—have made many Americans feel unsafe, even in their own communities. The 2024 Global Peace Index documents a decline in North America’s safety ratings, while families in major cities often prioritize teaching their children to avoid gun violence over simple street safety. In many overseas destinations, newly arrived American families report a significant improvement in their sense of security and peace of mind.
Tax Burdens and Bureaucracy
US tax laws extend abroad, requiring expats to file annual returns and comply with complicated rules through acts such as FATCA. For some, the burden of global tax compliance is so great that thousands relinquish their US citizenship each year simply to escape the paperwork and scrutiny.
The Digital Nomad Revolution
Remote work has unlocked new pathways for Americans. Over a quarter of all paid workdays in the US are now fully remote, and more than 40 countries offer digital nomad visas for foreign professionals. Many Americans are leveraging this opportunity to maintain their US incomes while cutting costs and upgrading their quality of life abroad.

Conclusion: Redefining the Dream
The mass departure of nearly 9 million Americans reveals deep cracks in what was once considered the land of opportunity. Escalating costs, inaccessible healthcare, safety concerns, and relentless bureaucracy have spurred a global search for better options. For millions, the modern American dream is no longer tied to a white-picket fence, but found in newfound freedom beyond America’s borders.
Business
Will Theaters Crush Streaming in Hollywood’s Next Act?

Hollywood is bracing for a pivotal comeback, and for movie lovers, it’s the kind of shake-up that could redefine the very culture of cinema. With the freshly merged Paramount-Skydance shaking up its strategy, CEO David Ellison’s announcement doesn’t just signal a change—it reignites the passion for moviegoing that built the magic of Hollywood in the first place.

Theatrical Experience Roars Back
Fans and insiders alike have felt the itch for more event movies. For years, streaming promised endless options, but fragmented attention left many longing for communal spectacle. Now, with Paramount-Skydance tripling its film output for the big screen, it’s clear: studio leaders believe there’s no substitute for the lights, the hush before the opening credits, and the collective thrill of reacting to Hollywood’s latest blockbusters. Ellison’s pivot away from streaming exclusives taps deep into what unites cinephiles—the lived experience of cinema as art and event, not just content.
Industry Pulse: From Crisis to Renaissance
On the financial front, the numbers are as electrifying as any plot twist. After years of doubt, the box office is roaring. AMC, the world’s largest theater chain, reports a staggering 26% spike in moviegoer attendance and 36% revenue growth in Q2 2025. That kind of momentum hasn’t been seen since the heyday of summer tentpoles—and it’s not just about more tickets sold. AMC’s strategy—premium screens, with IMAX and Dolby Cinema, curated concessions, and branded collectibles—has turned every new release into an event, driving per-customer profits up nearly 50% compared to pre-pandemic norms.
Blockbusters Lead the Culture
Forget the gloom of endless streaming drops; when films like Top Gun: Maverick, Mission: Impossible, Minecraft, and surprise hits like Weapons and Freakier Friday draw crowds, the industry—and movie fans—sit up and take notice. Movie-themed collectibles and concession innovations, from Barbie’s iconic pink car popcorn holders to anniversary tie-ins, have made each screening a moment worth remembering, blending nostalgia and discovery. The focus: high-impact, shared audience experiences that streaming can’t replicate.
Streaming’s Limits and Studio Strategy
Yes, streaming is still surging, but the tide may be turning. The biggest franchises, and the biggest cultural events, happen when audiences come together for a theatrical release. Paramount-Skydance’s shift signals to rivals that premium storytelling and box office spectacle are again at the center of Hollywood value creation. The result is not just higher profits for exhibitors like AMC, but a rebirth of movie-going as the ultimate destination for fans hungry for connection and cinematic adventure.

Future Forecast: Culture, Community, and Blockbuster Dreams
As PwC and others warn that box office totals may take years to fully catch up, movie lovers and industry leaders alike are betting that exclusive theatrical runs, enhanced viewing experiences, and fan-driven engagement are the ingredients for long-term recovery—and a new golden age. The Paramount-Skydance play is more than a business move; it’s a rallying cry for the art of the theatrical event. Expect more big bets, more surprises, and—finally—a long-overdue renaissance for the silver screen.
For those who believe in the power of cinema, it’s a thrilling second act—and the best seat in the house might be front and center once again.
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