Economy and TradingGovernment

Government Shutdown 2025 Triggers Federal Layoffs, Disproportionate Impact on Black Workers

The ongoing government shutdown has triggered thousands of federal layoffs, with reports indicating disproportionate impacts on Black workers and their communities. Administration officials confirm RIFs targeting multiple agencies while healthcare programs face significant cuts.

Federal Shutdown Leads to Widespread Layoffs

The 2025 government shutdown has entered its 11th day, triggering what sources indicate are the first waves of Reduction in Force (RIF) actions across multiple federal agencies. According to reports, budget director Russell Vought confirmed the initiation of RIFs in a social media post, marking the administration’s follow-through on previous threats made as the partisan budget standoff continues.

BusinessPolicy

Michelle Mone-Linked PPE Firm Fails to Repay £122 Million After Contract Breach

A company connected to Baroness Michelle Mone has failed to repay £122 million after breaching a COVID-19 PPE contract. The Department of Health and Social Care is pursuing legal action to recover funds after a High Court ruling found the supplied gowns were not sterile.

PPE Contract Breach Leads to Massive Repayment Demand

A company linked to Conservative peer Baroness Michelle Mone has reportedly failed to meet a deadline to repay £122 million for breaching a COVID-19 personal protective equipment (PPE) contract, according to recent legal developments. Sources indicate that PPE Medpro, a consortium led by Mone’s husband Doug Barrowman, missed the Wednesday 16:00 BST deadline to pay damages awarded to the Department of Health and Social Care (DHSC).

Economy and TradingEnergy

Energy Sector: The Critical 7% Driving America’s Economy

While energy represents only 7% of America’s GDP, it’s the essential foundation supporting all other economic activity. Former FERC Chair Mark Christie calls it “the foundational 7%” that enables everything from manufacturing to digital infrastructure. Current challenges include aging grid systems and supply chain dependencies that threaten national energy security.

Energy represents the most critical 7% of America’s economic foundation, powering every aspect of modern life despite its modest contribution to gross domestic product. According to former FERC Chair Mark Christie, now founding director of William & Mary Law School’s Center for Energy Law & Policy, “it’s the foundational 7%… everything else in our economy and lifestyle flows from it.” This perspective highlights how energy serves as the indispensable bedrock supporting the other 93% of economic activity, from artificial intelligence development to manufacturing and healthcare systems.

Why Energy Powers America’s Economic Engine

BusinessEconomy and Trading

Jobless Growth Becomes New Normal as AI Reshapes Labor Market

Goldman Sachs economists identify “jobless growth” as the new labor market normal, where AI-driven productivity gains outpace hiring. This trend particularly impacts Gen Z and entry-level workers despite solid GDP growth.

The United States is experiencing a troubling new economic phenomenon that Goldman Sachs economists call “jobless growth” – a situation where robust GDP expansion coincides with stagnant hiring, creating particular challenges for Gen Z workers and recent college graduates. According to recent analysis by Goldman economists David Mericle and Pierfrancesco Mei, this pattern represents a fundamental shift in labor market dynamics that’s likely to persist throughout the mid-2020s.

The Anatomy of Jobless Growth

GovernmentPolicy

Government Shutdown Day 13: Betting Markets Now Favor Longest Shutdown in History

The ongoing government shutdown has reached Day 13 with betting markets now predicting it could become the longest in US history. Key economic data releases have been suspended while hundreds of thousands of federal workers face furloughs as political divisions deepen over healthcare and budget negotiations.

As the government shutdown enters its thirteenth day, betting markets now favor this becoming the longest government shutdown in US history, according to data from prediction markets tracking the political standoff. The Trump administration has maintained funding for certain priorities while hundreds of thousands of federal workers face furloughs and critical economic data collection remains suspended.

Administration Priorities During Shutdown

Assistive TechnologyHealthtech

Women Rebuilding Mental Health Tech With Compassion-Driven Innovation

Three women entrepreneurs are revolutionizing mental health technology by addressing systemic gaps in care accessibility. Their companies leverage AI, Medicaid coverage, and personal experience to create scalable solutions for underserved populations.

In an era where mental health awareness dominates social media feeds, three innovative women are rebuilding mental health tech from the ground up with solutions that address fundamental accessibility barriers. While World Mental Health Day prompts well-intentioned reminders about self-care, these founders recognize that true access to care requires systemic change, not just motivational messaging. Their work through the Headstream Accelerator demonstrates how lived experience combined with technological innovation can create compassionate, scalable mental health solutions.

Transforming Foster Care Through AI-Powered Mental Health