Key Takeaways
- Silicon Valley tech figures are funding super-PACs to oppose AI regulations before midterm elections.
- Department store Dillard's purchased a Texas mall for $34 million, defying retail trends.
- Negative net immigration could slow U.S. economic growth and increase the federal deficit.
Deep Dive
- Silicon Valley figures and venture capitalists are forming pro-AI super PACs.
- These PACs aim to advocate against strict artificial intelligence regulations.
- The lobbying efforts are intensifying ahead of next year's midterm elections.
- Department store Dillard's purchased the Longview Mall in Texas for $34 million.
- This acquisition bucks the trend of other retailers exiting American malls.
- Dillard's aims to ensure property upgrades amidst declining mall values and concerns over deferred maintenance.
- WSJ reporter Kate King noted department stores typically stopped owning malls about 30 years ago.
- Net immigration to the U.S. could be negative this year for the first time in decades.
- WSJ reporter Paul Kiernan indicates this slowdown is a key factor in the U.S. labor market's "curious balance."
- Lower immigrant labor force participation could lead to slower economic growth and a larger federal deficit.