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NEWS - FRIDAY, JULY 03, 2026 - NEWS
The U.S. Department of Justice is suing California over a state law that took effect Wednesday restricting sales of pistols that can be illegally converted into machine guns with a device called a 'Glock switch.' LA Times
VOA VIEW: it will be interestng.
Trump has fixated on making changes to the nation's capital in his second term. LA Times
Fresh off a recent string of key upset victories, the Democratic Socialists of America (DSA) is eyeing more potential breakthrough wins in Michigan, Wisconsin, and possibly Florida over the next few weeks as it works to drag Democrats further to the left. New York Post
VOA VIEW: The DSA will Destroy the foolish Dem party.

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“Israel answered hatred with resilience, destruction with rebuilding, and terror with life,” the ministry said, adding that despite ongoing challenges, “Israel rises.” New York Post
Mayor Zohran Mamdani will deliver a presidential-style speech Friday for America's 250th birthday in what City Hall billed a "major address" hours before President Trump delivers his own remarks. New York Post
VOA VIEW: Few care what Mamdani has to say.
Goldman joins other financial firms that have announced they will make contributions that at least match the $1,000 federal contribution. New York Post
The influential conservative commentator’s relationship with the president and the G.O.P. fractured over the war with Iran. Now, he says he is charting a new course. New York Times
VOA VIEW: He has become a fool.
Employers added fewer jobs in June than a month earlier but the unemployment rate ticked down, a decent showing for the U.S. economy. New York Times
VOA VIEW: Good!
Long-delayed funeral ceremonies for Ayatollah Ali Khamenei, killed during U.S.-Israeli strikes at the war’s outset, are set to begin Friday. For the regime, it is a critical moment to demonstrate that it has endured. New York Times
VOA VIEW: It has not endured.

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The 800-foot-tall residential development was designed by the architects Philip Johnson and John Burgee, but scrapped before construction. An archivist saved the rough draft. New York Times
Idaho became the first state to institute a firing squad as the primary execution method for death row inmates. OANN
Vice President JD Vance strongly criticized the U.S. Supreme Court (SCOTUS) following its decision to strike down the Trump administration’s executive order (EO) on birthright citizenship. OANN
VOA VIEW: A TRUEISM.
To cut down on food waste and prevent unnecessary confusion for shoppers, California is drastically changing how grocery items are labeled under a new consumer protection law. OANN

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The United States murder rate has plummeted to what experts project is its lowest level since at least 1900, according to a new report. OANN
VOA VIEW: Thank Trump.
President Donald Trump delivered remarks after touring the newly opened Theodore Roosevelt Presidential Library, honoring the 26th president of the United States, “a man who embodied the heart and soul and fight and spirit of our country as much as anyone who ever lived," according to Trump. OANN
After a Russian couple known for scaling skyscrapers around the world climbed to the top of the Empire State Building's antenna Wednesday, building management and security experts are confronting questions about how the pair breached one of the city's most heavily guarded landmarks. Washington Times

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Hannah Dugan, the former Wisconsin judge convicted of trying to thwart ICE's attempt to arrest an illegal immigrant in her courtroom, begged for mercy this week, saying she shouldn't serve any jail time because she has suffered enough. Washington Times
VOA VIEW: She got caught was her only remorse.
Americans created airplanes, computer chips, the internet and automobile assembly lines over 250 years of industry -- but they've also invented unheralded gems such as refrigerators, barcodes, washing machines and Doppler radar. Washington Times
Health officials are encouraging people to use bug spray and mosquito-control efforts as West Nile virus season is off to its earliest and worst start in over two decades. Washington Times
Extremely dangerous heat, coupled with humidity, could result in heat index readings of 100 to 115 degrees from the Midwest to the East Coast, forecasters said. CBS
The gang "has committed numerous attacks targeting civilians, law enforcement officers, and government officials," Secretary of State Marco Rubio said. CBS
VOA VIEW: Wipe them out.

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People can begin depositing money in the new tax-deferred investment accounts on Saturday, with eligible children receiving a $1,000 government contribution. CBS
The helicopter, which was assigned to the USS George H.W. Bush, is not believed to have been taken down by hostile action, the Navy said. CBS
VOA VIEW: Make them pay dearly.
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said. CBS

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Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%. CNBC
Despite record beef prices, Americans aren't giving up steak. Consumers are treating beef as an affordable luxury and prioritizing it for special occasions. CNBC
VOA VIEW: So be it.
The Russian defence ministry said that it launched a "massive strike using long-range precision air, land, and sea-based weapons and attack drones." CNBC
Trump’s ties to FIFA and Gianni Infantino face new scrutiny as the World Cup enters the knockout round and European lawmakers press over a Peace Prize complaint. CNBC
Oil prices fell more than 1% on Wednesday after talks between Washington and Tehran concluded. CNBC
VOA VIEW: This has round over and over again.
Agencies prepare for potential threats to Fourth of July crowds as millions gather on the National Mall for America 250 fireworks celebration. FOX News
VOA VIEW: We should watch for trouble makers.
A high-tech bait bike program in Oregon has led to dozens of arrests as deputies crack down on bicycle theft in Washington County, near Portland. FOX News
Four people arrested after 16 children were found in deplorable conditions in Vinton County, Ohio, officials said. Two children were flown to trauma centers. FOX News
A federal judge has temporarily blocked the Defense Department from enforcing its escort policy, at least for reporters with The New York Times. UPI
VOA VIEW: The judge does not have the authority.
A federal judge on Wednesday ruled that the U.S. Postal Service cannot change its delivery of ballots to meet an executive order on voting by mail. UPI
VOA VIEW: The judge does not have the authority.
Decisions by two judges have blocked the federal government from attaching restrictions to a student loan forgiveness program for public servants. UPI
VOA VIEW: Judges are overstepping their authority.
John Brennan, former director of the CIA, has filed a lawsuit asking a court to preserve records of the Trump administration's investigation of him. UPI
VOA VIEW: Brennan has little, if any, authority.

VOA VIEW -- Is the opinion of "Voice of Americans", which is a private entity not affiliated in any way with the United States government or any of its agencies. The opinions expressed here, in whatever medium or format, are not necessarily the opinions of the ownership or advertisers of this web site - 0415.


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COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
July 06, 2026

     Americans' understanding of basic financial concepts has fallen to a 10-year low, raising concerns that households are becoming less prepared to manage debt, savings and retirement decisions, according to a new study from investment giant TIAA and Stanford University's Global Financial Literacy Excellence Center. 

     In 2025, U.S. adults correctly answered only 47% of the 28 questions used to assess financial literacy, down from a high of 52% in 2020 and the lowest score in the decade since the survey began. The decline was driven by a growing share of Americans with very low financial literacy, which has jumped to 25% this year from 20% a decade ago, the study found.  Pitiful.

     The findings are troubling because low financial literacy is linked with worse outcomes, such as carrying higher levels of debt, Surya Kolluri, the head of TIAA Institute, told CBS News. The survey didn't examine why scores declined, but he said possible factors include misleading financial informThe findings are troubling because low financial literacy is linked with worse outcomes, such as carrying higher levels of debt, Surya Kolluri, the head of TIAA Institute, told CBS News. The survey didn't examine why scores declined, but he said possible factors include misleading financial information on social media, weaker overall literacy and the financial strains many households already face.

     "Those with lower levels of financial literacy are four times more likely to have trouble making ends meet," Kolluri said. Women and younger adults scored lower than other groups. Women answered 44% of the questions correctly, compared with 50% for men. Gen Z adults, ages 18 to 29, had the lowest score of any generation, at 38%, while baby boomers had the highest, at 54%.

     The generation gap is partly due to Gen Z's age, as many aren't likely to be well-versed in the retirement topics addressed in the survey. But Kolluri also suspects it could be due to financial pressures on young people, such as high student debt and a sense that buying a home mayation on social media, weaker overall literacy and the financial strains.