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US stocks hang around their records as GM and others show how tariffs are impacting them

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www.abccolumbia.com – Associated Press – 2025-07-22 09:47:00

SUMMARY: Wall Street remained near record highs Tuesday despite mixed earnings reports and concerns over President Trump’s tariffs. The S&P 500 was flat, the Dow rose slightly, and the Nasdaq dipped after hitting a record. General Motors’ stock fell 5.2% despite strong spring profits, citing a $4–5 billion tariff impact expected in 2025. Homebuilders D.R. Horton and PulteGroup gained over 7%, reporting better-than-expected profits despite economic challenges. Genuine Parts lowered its full-year profit forecast due to tariffs but beat quarterly expectations. Coca-Cola’s stock fell slightly despite solid profits. Treasury yields stayed steady as the Federal Reserve awaits more economic data before adjusting rates. Japan’s Nikkei fell amid political uncertainty and trade tensions. European and Asian markets showed mixed results.

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News from the South - North Carolina News Feed

Warren Wilson left out of NC Helene bill. Reason unclear.

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carolinapublicpress.org – Kate Denning – 2025-07-22 08:21:00


The recent North Carolina Helene recovery package allocated $500 million for Western NC damage relief, including over $4 million to small private colleges. However, Warren Wilson College, which sustained $12 million in flood damages, received no state aid. Nearby Montreat and Lees-McRae colleges received $1.5 million each, and Mars Hill got $500,000. Warren Wilson was initially allocated $1.5 million but was removed in the final bill, raising concerns of political bias, especially as local Democrat Rep. Lindsey Prather criticized the exclusion. Officials and college leaders express disappointment, emphasizing natural disaster aid should be nonpartisan given the school’s significant contributions to the state.

The most recent Helene recovery package from the state allocated $500 million to help address remaining damage to Western North Carolina, more than $4 million of which went to small private colleges and universities in the area. Even so, Warren Wilson College in Swannanoa, which says it sustained $12 million in damages, yet was not on the receiving end of any financial aid from the state.

The Swannanoa Valley in eastern Buncombe County experienced significant flooding from Helene with the river cresting at 26.1 feet, the highest point since 1916. Warren Wilson Provost and Dean of the Faculty Jay Roberts said 60 campus buildings experienced either roof or flood damage. FEMA and the Army Corps of Engineers helped remove 70,000 cubic yards of debris at the school. The campus did not have drinking or running water for a substantial amount of time, he said.

Warren Wilson President Damián J. Fernández issued a statement voicing his disappointment with the legislation’s exclusion of the college. He asked lawmakers to reconsider providing support when the legislature reconvenes later this month. 

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Montreat College, located just 12 miles east of Warren Wilson, also experienced significant damage. Its gymnasium was the most impacted, and the college estimated it would take up to eight months to restore. Lees-McRae College in Banner Elk described its damage as moderate to Carolina Public Press in October. Three of its buildings were damaged by fallen trees, including a residence hall. 

But Montreat and Lees-McRae each received $1.5 million in the latest relief package. In addition, Mars Hill University received $500,000. Brevard College, Gardner-Webb University and Lenoir-Rhyne University each received $250,000. 

And despite initially being allocated $1.5 million when the House appropriations committee introduced the bill in May, Warren Wilson ultimately received nothing in the final version. 

State representatives in the area are saying the change-up was a political move. 

When the package was on the floor for a vote June 26, when it ultimately passed unanimously, state Rep. Lindsey Prather, D-Buncombe, pointed out Warren Wilson’s lack of funding. Prather represents the 115th district, where Warren Wilson resides.

“I’m confused and I’m disappointed and I’m very frustrated,” Prather said on the floor. “It certainly feels like the institutions in Buncombe — which as a whole, received the most amount of damage — are being carved out of this bill. I hope that this isn’t politicization of recovery. It’s hard not to read it that way.”

In addition to the lack of funding to Warren Wilson, Prather said an aspect of the funding allocated to the larger public universities also struck her as odd. 

Western Carolina University and Appalachian State University both received $2 million, whereas UNC-Asheville, also located in Buncombe County, has to share its $2 million with the North Carolina Arboretum. The arboretum is an affiliate of the UNC System, but is not directly under UNC-Asheville or any individual institution. 

Seeing as Montreat, a conservative religious college that is also located in Buncombe County, Prather told CPP these disparities make it seem as though institutions that are perceived as more progressive are being treated unfairly. 

While Warren Wilson is affiliated with the Presbyterian Church and a member of the Association of Presbyterian Colleges and Universities, Roberts said he would describe the school as one with a historic religious affiliation rather than a religious college. 

Warren Wilson was one of eight private colleges and universities included in the original bill proposed by the House. Johnson C. Smith University, an HBCU in Charlotte, was also initially positioned to receive $500,000 but was later removed. While Charlotte did not get the brunt of the storm, JCSU reported it had to close a residence hall due to water damage from Helene, leading the university to relocate more than 200 students. 

When the legislation made its way to the Senate, all higher education institutions were stripped from the bill entirely. It wasn’t until the bill landed in the conference committee, a temporary joint committee created for the House and Senate to work out the bodies’ differences on a piece of legislation, that the six private schools and three UNC System schools made it in the final cut. 

The conference committee was composed of four Republican representatives and four Republican senators. None of them responded to multiple requests for comment from CPP.

Prather said the makeup of the committee was disappointing but not surprising based on the current leadership in the legislature.

“Republican leaders in the legislature were the first to say that we all need to pull together for Western North Carolina and we can’t politicize this, we all need to support our brothers and sisters,” she said. “And then they go and form a conference committee with only Republicans, including some Republicans that don’t live in Western North Carolina.”

State Rep. Eric Ager, D-Buncombe, represented Warren Wilson in past iterations of the state’s districts. Now the college falls under Prather’s jurisdiction, but it wasn’t easy for her to get there. 

Ager believes it’s Prather’s election that made Republicans strip Warren Wilson from the recovery package.

Crews work on power lines on Warren Wilson Road in Swannanoa on Oct. 1, 2024. Colby Rabon / Carolina Public Press

When North Carolina was redistricted in 2023, Republicans used what Ager called a “donut strategy,” leaving Asheville as its own district in the middle and drawing two districts that lean more conservative, the 114th and 115th, around the city. Despite the 115th district appearing to be a Republican stronghold, Prather won the seat by a tight margin in 2024. 

It’s hard to see any other reason why Warren Wilson was left out of Helene funding than politics, Ager said. 

“That’s the only reason I can think of that makes Warren Wilson different, because the reality of it is they suffered a lot more damage than the other schools that were on the list,” he said.

Warren Wilson leaders were surprised by the college’s exclusion because the school’s communication and relationships with lawmakers were positive throughout the storm and recovery efforts, Roberts said. They don’t want to speculate on why Warren Wilson was cut, and they’re still working to get answers several weeks later.

The college is attempting to be sensitive in the way it lifts up concerns about being excluded, Roberts said. He hopes all Americans understand that natural disasters are not political events.

“Natural disasters are when every American — regardless of where they come from, what their political affiliation is — gets support because we come together as a country during times like this,” he said. 

“I think that should be an understood, baseline expectation for everyone in whatever region of the country you come from, and that’s certainly our expectation here.”

While the storm had a great impact on Warren Wilson, Roberts emphasized the impact Warren Wilson has on the state — 40% of their students are from North Carolina, another 40% are Pell Grant eligible and the college’s presence contributes $50 million to North Carolina’s economy, he said.

Ager and Prather both said they hope proposed funding for Warren Wilson will be revisited, though they aren’t sure it would be a successful endeavor.

“I always worry that they’re going to make a political decision rather than a common sense policy decision,” Ager said.

This article first appeared on Carolina Public Press and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License.

The post Warren Wilson left out of NC Helene bill. Reason unclear. appeared first on carolinapublicpress.org



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Left

This article presents a critical perspective on the state legislature’s handling of disaster relief funding, highlighting potential political motivations behind the exclusion of Warren Wilson College from aid. The coverage emphasizes concerns from Democratic state representatives and affected institutions, framing Republican-led decisions as possibly partisan and unfair. The tone leans toward advocacy for equitable aid and accountability in government, common in Center-Left reporting, but it maintains factual reporting and quotes multiple viewpoints without overt ideological rhetoric. Thus, it exhibits a moderate left-leaning bias focused on social fairness and government oversight.

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News from the South - South Carolina News Feed

Wall Street rises toward records as Verizon begins a big week for profit reports with a beat

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www.abccolumbia.com – Associated Press – 2025-07-21 09:33:00

SUMMARY: U.S. stocks rose Monday, nearing record highs ahead of a busy earnings week, despite tariff pressures from President Trump. The S&P 500, Dow Jones, and Nasdaq all gained, led by Verizon’s strong quarterly profit and raised forecasts. Block jumped 8.2% after being added to the S&P 500, while steel producer Cleveland-Cliffs gained 6.6%, benefiting from tariffs boosting domestic manufacturing. Some companies like Domino’s saw weaker profits. Upcoming earnings from GM, Alphabet, Coca-Cola, and Tesla will test tariff impacts. U.S. consumers show strength in travel and retail data. Treasury yields declined, and European markets slipped. Japan’s ruling party lost parliamentary majorities, signaling political and economic uncertainty.

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The post Wall Street rises toward records as Verizon begins a big week for profit reports with a beat appeared first on www.abccolumbia.com

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News from the South - North Carolina News Feed

Jackson Co. threatens to break up another NC regional library

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carolinapublicpress.org – Lucas Thomae – 2025-07-21 08:21:00


Jackson County, North Carolina, voted to leave the Fontana Regional Library system, citing controversy over LGBTQ+ content in children’s books. The decision, supported by four of five commissioners, followed months of public debate. Critics warn the departure will raise operational costs and reduce services. Several municipalities, including Sylva and Webster, have expressed support for staying in the system. The county has until July 2026 to reverse its decision. Only one book was challenged in five years. Library officials and local leaders hope to negotiate a compromise to avoid increased taxpayer burdens and diminished educational and cultural resources.

Last month, Jackson became the second county in Western North Carolina to vote to exit its library system following local controversy over books with LGBTQ+ content. The move is the latest example of public libraries in the region being turned into political battlegrounds over such issues.

On June 24, the Jackson County Board of Commissioners voted to exit the Fontana Regional Library it shares with Macon and Swain counties. Four members of the five-person commission voted in favor of the exit. The lone “no” vote was Board Chairman Mark Letson, who cited increased financial burden on the county as the reason for his opposition.

Months of impassioned public comments at meetings of the county commissioners and public library board preceded the deciding vote. As in Yancey County, which on July 1 officially exited its former library system, a group of conservative residents ignited the movement to leave the system with complaints over materials in the library that they deemed inappropriate for children.

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Yancey locals who supported remaining in the library system spent months trying to convince county commissioners to reverse course through protest and threat of legal action, but their efforts fell short.

Now, a strikingly similar situation is playing out in Jackson, and supporters of the library system there are aiming for a different outcome. They are joined by the several municipalities within Jackson County who have signaled that they also want Jackson to remain a part of Fontana Regional.

Jackson County has until July 2026 to reverse its decision. At that time, the control of two system libraries within Jackson County — one in the community of Cashiers and the other in the county seat of Sylva — will be turned over to the county commissioners.

Lead-up to the Jackson County vote

Although rumors of a potential exit from Fontana Regional have circulated ever since Yancey County’s consequential vote to leave its library system, Jackson County commissioners began serious talks earlier this year.

County Manager Kevin King told commissioners in previous public meetings that the transition would require hundreds of thousands of dollars in additional county spending to maintain the same level of services offered by the regional system.

All the while, a contingent of conservative commissioners sympathetic to the idea of leaving the system accused the libraries of espousing liberal ideologies and questioned whether safety measures at the library branch in Sylva were up to par.

Commissioners called upon Tracy Fitzmaurice, who serves both as the librarian of the Sylva branch and the director of Fontana Regional, to respond to their concerns at several public meetings.

On June 19, the Jackson commissioners conducted a joint meeting with the Fontana Regional board of trustees during which they peppered library officials with questions about library administration, funding, safety measures and the book challenging process.

Despite claims of inappropriate materials in the children’s section of the library, only one book has been challenged in the last five years in Jackson County, and none have been removed from the collection. One book over that span, a sex education graphic novel, was reclassified from the youth to the young adult section.

Library officials hoped that the joint meeting would allow Fontana Regional and Jackson County to come to an understanding and avoid the county’s exit. But five days later, commissioners voted to break away from the system.

Fitzmaurice told CPP in an email that she was “saddened and disappointed” by the vote.

“I thought that the joint meeting between the (Fontana Regional) Board of Trustees and the Jackson County Commissioners on June 19th would have cleared up some of the legal aspects of how the libraries in Jackson County are managed,” she said.

“I also hoped the commissioners would give the (Fontana Regional) Board members time to review the commissioners’ concerns. Everyone is aware that by leaving (Fontana Regional) the Jackson County libraries will cost more to operate and the taxpayers will carry this cost.”

Neither King nor Letson responded to a request for an interview prior to the publication of this article.

Municipal governments push back

Several weeks before the commissioners’ decision, the Village of Forest Hills and Town of Webster passed resolutions in support of Jackson County remaining in the regional library.

“Withdrawal from the Fontana Regional Library System would result in increased operational costs for a standalone system, diminished resources, reduced programming, and potentially limit the scope and quality of library resources available to Jackson County residents, thereby negatively impacting the educational opportunities and quality of life for its citizens,” the Town of Webster’s resolution read.

That resolution and a similar one passed by the Forest Hills council were sent to Jackson County officials.

Webster and Forest Hills, each of which comprise fewer than 400 residents, are only tiny enclaves in the 44,000-person county. Much of Jackson’s population lives in unincorporated areas, giving county officials an outsized amount of governing power.

The largest community, Cullowhee, is the site of Western Carolina University, which boasts 11,000 students. It is located just south of Sylva and, being a large public university, is home to a sizable LGBTQ+ population.

However, there exists no municipal government in Cullowhee that could weigh in on the Jackson County library situation.

The one municipal government that could wield significant influence is Sylva, the county seat and largest incorporated community with more than 2,000 residents.

Town commissioners were set to vote on a similar resolution in support of Fontana Regional during their regular meeting on June 12, but it was scratched from the agenda following a motion from commissioner Jon Brown.

Brown told CPP that although he supported Jackson remaining in the regional library, he didn’t think it was appropriate for Sylva to pass a resolution on a divisive issue that the town ultimately didn’t have control over.

“It’s been a real hot topic in our community,” Brown said.

“There’s been a lot of conversation. A lot of folks feel passionately about the library. We have one of the best libraries I’ve ever seen — it’s a real treasure for Jackson County and Sylva, and I hope that we can keep the doors open, keep the funding it needs and keep all the great services.”

Brown said commissioners will likely vote this week on a revised resolution in support of a compromise between Fontana Regional and Jackson County.

Sylva Commissioner Brad Waldrop, who also supports Jackson remaining with Fontana Regional, confirmed in an email that town commissioners are working on a new resolution.

“I am still in favor of a resolution from the Town of Sylva in support of remaining in the FRL and am working to make that happen,” Waldrop said.

“Although Jackson County commissioners already voted to leave the FRL, that doesn’t actually occur until July 2026 so there’s still time to reverse course from this bad decision that looks certain to significantly increase costs, decrease library services, or both.”

This article first appeared on Carolina Public Press and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License.

The post Jackson Co. threatens to break up another NC regional library appeared first on carolinapublicpress.org



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Center-Left

The article from Carolina Public Press presents a largely factual account of Jackson County’s decision to exit the Fontana Regional Library system, but its framing subtly favors those opposing the exit. Language choices such as describing residents supporting LGBTQ+ content as seeking “compromise” and opponents as part of a “conservative movement” suggest a slight ideological slant. Emphasis on cost increases, community opposition, and emotional reactions from library officials also leans toward supporting the library system’s continuation. However, the piece includes multiple perspectives and quotes from both sides, maintaining a mostly balanced tone with a modest left-leaning tilt.

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