The Great Debate on Tariffs & Meta Fires Workers Over $25?

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Oct 18, 2024

The discussion kicks off with a debate on Trump's proposed tariffs and their potential economic impact, with Yellen raising concerns for American consumers. Meanwhile, Netflix is winning with price hikes and new subscribers, while Uber's acquisition of Expedia intrigues investors. Meta faces backlash after layoffs tied to a meal stipend policy. Candy companies are turning to gummies as cocoa prices rise, and in a fascinating twist, Prada is venturing into space fashion by designing spacesuits for a moon mission!

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ADVICE

Halloween Costume Advice

Avoid costumes like Beetlejuice or Inside Out characters if you want to be original this Halloween.
Alternatively, embrace the trend and wear those costumes to be ironically original, suggests Toby Howell.

INSIGHT

Tariff Impact

Broad, untargeted tariffs harm consumers and businesses, according to Janet Yellen.
This contrasts with targeted tariffs addressing unfair competition, like those on Chinese goods.

ANECDOTE

Washing Machine Tariff

Trump's 50% tariff on washing machines during his presidency cost US consumers an extra $1.5 billion annually.
This illustrates how tariffs can increase consumer prices.

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