The recent surge of migrants has put major cities across the U.S. under significant financial pressure. “I think it’s at this point, politically unsustainable for the Biden administration to maintain this unlimited flow into what’s essentially a welfare state network of cities like New York, Denver and Chicago,” said Simon Hankinson, a senior research fellow … Read more
The American Red Cross has long been recognized as the universal symbol of humanitarian services —and it’s an expensive operation. In 2022, the American Red Cross generated more than $3.2 billion in operating revenue and spent just over $3 billion in expenses the same year, according to its financial statements. Contributions only make up about … Read more
In an aerial view, burned cars and homes are seen in a neighborhood that was destroyed by a wildfire on August 18, 2023 in Lahaina, Hawaii. Justin Sullivan | Getty Images Widespread damage from Hawaii’s recent wildfires and Hurricane Idalia in Florida underscores the costly effects of natural disasters on small businesses. The total cost to … Read more