Kugler, Entrepreneurship and Aggregate Productivity FRB New York Staff Report No. 981 February 7, 2025 Abstract This paper studies the relationship between entrepreneurship and aggregate productivity. We develop a model in which entrepreneurship is a key driver of productivity growth. In the model, entrepreneurs create new firms that are more productive than incumbents. The entry … Read more
FBI Announces Nationwide Crackdown on South American Theft Groups February 7, 2025 The Federal Bureau of Investigation (FBI) today announced a nationwide crackdown on organized theft groups originating in South America. The operation, dubbed “Operation Tierra Firme,” is aimed at dismantling the criminal networks responsible for a surge in property crime, identity theft, and financial … Read more
El Salvador – Level 2: Exercise Increased Caution February 7, 2025 The U.S. Department of State has updated its travel advisory for El Salvador to Level 2: Exercise Increased Caution. This replaces the previous Level 3: Reconsider Travel advisory. Reason for the Update: The decrease in the travel advisory level is based on an assessment … Read more
West Point Grad Seeks 3rd Super Bowl Ring Before Fulfilling Service Commitment February 7, 2025 U.S. Army Captain and West Point graduate Matt Kelce is on the cusp of making history by winning a third Super Bowl ring before fulfilling his service commitment. Kelce, a 33-year-old offensive lineman for the Philadelphia Eagles, was drafted in … Read more
Pentagon Officials Inspect Walter Reed Damage, Promise Resources for Infrastructure Repairs February 7, 2025 WASHINGTON, D.C. – Senior Pentagon officials, including the Secretary of Defense and the Chairman of the Joint Chiefs of Staff, visited Walter Reed National Military Medical Center on Tuesday to assess the damage caused by a recent electrical fire and pledged … Read more
Defense Secretary Underscores DOD Priorities During Pentagon Town Hall Date: 2025-02-07 23:17 Source: Defense.gov Summary: During a town hall meeting at the Pentagon, Defense Secretary Dr. Mark Esper highlighted the Department of Defense’s (DOD) top priorities for 2025. These priorities include: Readiness: Ensuring the U.S. military remains ready to defend against any threat. Modernization: Investing … Read more
Shared Challenges, AUKUS Partnership Top Topics as U.S., Australian Defense Leaders Meet for First Time On February 7, 2025, senior defense leaders from the United States and Australia met for the first time in a high-level dialogue to discuss shared challenges and strengthen their partnership under the AUKUS security agreement. The meeting, held at the … Read more
Secretary of Defense Pete Hegseth to Travel to Germany, Belgium, and Poland Washington, D.C. – February 7, 2025 – Secretary of Defense Pete Hegseth will travel to Germany, Belgium, and Poland from February 9-13, 2025, to meet with leaders and discuss a range of security issues. Germany Secretary Hegseth will begin his trip in Berlin, … Read more
Toyota’s Driving Possibilities Program Expands in Michigan February 6, 2025 Toyota USA’s Driving Possibilities program, which provides accessible transportation solutions for individuals with disabilities and senior citizens, has officially made its mark in Michigan. The program, which has been operating in several other states, has partnered with local organizations to provide adapted vehicles and advanced … Read more
Toyota Recalls Certain 2024-2025MY Toyota Tacoma 4-Wheel Drive Trucks February 6, 2025 Toyota Motor North America (Toyota) is recalling certain 2024-2025 model year Toyota Tacoma 4-wheel drive trucks due to a potential issue with the front axle. Affected Vehicles The recall affects approximately 21,000 vehicles in the United States. The affected vehicles have the following … Read more