
Closing racial wage gap in just 20 occupations would boost millions of Black Americans
CBSN
About 2 million Black Americans could climb into the middle class if they were given equal wages as their White co-workers, a new study from corporate consulting firm McKinsey estimates.
Moving that many people to the middle class would benefit the larger U.S. economy as well as Black communities, said Shelley Stewart III, a McKinsey partner who led the study released Thursday. Newly minted middle-class families would have much less need for public assistance like food stamps and housing vouchers, thus reducing U.S. government spending on social service programs, Stewart said. Black households would earn an extra $220 billion in wages annually if the racial wealth gap were erased, and that in turn would generate more income for federal and state governments to tax, he added.
Trump's tariffs target Heard Island and McDonald Islands, Australian territory inhabited by penguins
With his announcement of widespread new tariffs on Wednesday, President Trump spared very few places on the globe from his effort to upend global trade — even the remote Heard Island and McDonald Islands, a sub-Antarctic Australian territory inhabited by penguins, but no people.

Researchers are predicting an above-average Atlantic hurricane season in 2025, likely producing stronger and more frequent storms than a typical year but at the same time with less intensity expected than last season. The annual prediction is closely watched in Florida and other coastal states at risk when hurricane season officially starts June 1.