Apple News Today People are noticing “recession signs” everywhere. What does the data say?
25 snips
May 8, 2025 Discover the latest signs pointing to a potential recession, with economists struggling to interpret mixed economic data. Dive into the Vatican's financial turmoil as it grapples with its deficits and the complexities of reform. Explore the controversial ban on fluoride in Utah and Florida's drinking water and its implications for public health. Plus, hear about intriguing developments in U.S. intelligence regarding Greenland and the innovative use of AI in courtrooms, along with cardinals' cinematic insights into papal elections.
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Mixed Recession Signals and Uncertainty
- Economists see mixed signals about recession; some businesses report declines, but overall data doesn't yet confirm recession.
- Fed Chair Jerome Powell notes risks exist, but key economic markers remain steady, reflecting uncertainty without immediate downturn signs.
Tariffs Impact on Small Business
- Stephen Borelli, CEO of Cuts clothing store, shares how tariffs forced price raises and reduced demand.
- Despite his support for Trump, he worries high tariffs threaten small businesses and the American dream.
Vatican's Financial Mismanagement
- Vatican finances remain in deep deficit due to mismanagement and resistance to reforms.
- Efforts by Pope Francis to impose financial discipline met clergy pushback, complicating sustainable solutions.