Citadel CEO Ken Griffin warned against President-elect Donald Trump’s proposed steep tariffs, citing concerns about crony capitalism. Griffin expressed worries that short-term benefits for domestic companies could lead to long-term harm to corporate America and the economy. Trump’s protectionist trade policy could result in increased production costs, higher consumer prices, and a rise in special interest groups lobbying for higher tariffs, according to Griffin.
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Florida plans migrant detention centre in Everglades
The Department of Homeland Security is establishing a detention center for migrants in the Florida Everglades, funded largely by FEMA, with costs estimated at $450 million annually. Criticism has arisen from local lawmakers, including Miami-Dade's mayor, over potential environmental impacts, while Florida's Attorney General argues the site will deter escapees due to its remote location. Need More Context? 🔎
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