President Donald Trump exerted significant influence over the John F. Kennedy Center for the Performing Arts last year, while also announcing potential trade deals and facing economic challenges in Iran. Trump successfully gained control of the Kennedy Center, ousted its leader, and installed a loyalist, according to Time. He also declared himself chairman of the reconstituted board and treated the center as an extension of the White House.
Time reported that Trump put his name on the building in December, formerly known as The John F. Kennedy Memorial Center for the Performing Arts.
Meanwhile, Trump stated he agreed to a trade deal with India that would lower tariffs to 18%, according to NPR Politics.
In Iran, the Islamic Republic faced significant economic and social challenges, Time reported. The Iranian currency collapsed, with the dollar surging from 70,000 rials to over 1,400,000 rials. "The government has become one of the most disgraced regimes in the world," Time stated, adding that it has dragged the country into deep decline and is now incapable of feeding its own people.
On the economic front, PepsiCo announced it would cut prices on many of its chips, including Lay's, Doritos, Cheetos, and Tostitos, by up to nearly 15%, NPR News reported. The company said the new retail prices would start rolling out this week, ahead of the Super Bowl. PepsiCo stated it received the message from shoppers who have complained about higher prices, according to NPR News.
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