News
Consumer Technology Association forecasts $537 billion sales in 2025; tariffs could cut U.S. consumer purchasing power of tech up to $143 billion
The Consumer Technology Association forecasts a 3.2% growth in the U.S. tech industry for 2025, but proposed tariffs by President-elect Trump may significantly reduce consumer purchasing power and hurt the sector’s competitiveness.
LAS VEGAS – January 5, 2025 – Announced at the agenda-setting CES® 2025 Tech Trends to Watch, the Consumer Technology Association (CTA)® projects record retail revenues as the U.S. consumer technology industry grows 3.2% over 2024 to $537 billion in 2025. This signals growth in consumer spending on tech products and services, according to CTA’s U.S. Consumer Technology One-Year Industry Forecast.
Meanwhile, updated CTA research shows the tech products consumers love and rely upon, including smartphones and laptops, are threatened by President-elect Trump’s tariff proposals. CTA’s updated report: “How Proposed Trump Tariffs Increase Prices for Consumer Technology Products” shows:
- Tariffs on technology products could lead to a $90-$143 billion decline in U.S. consumer purchasing power.
- Purchases of laptops and tablets could decline by as much as 68%, consumption of gaming consoles could decline by as much as 58% and consumption of smartphones could decline by up to 37%.
“The tech sector is America’s economic engine, driving global innovation and job creation,” said CTA CEO Gary Shapiro. “Our positive forecast reflects the industry’s strength, but proposed tariffs threaten the deflationary power of tech in the global economy. Tariffs are a tax on American businesses and consumers. We urge the incoming administration and Congress to prioritize an Innovation Agenda that fosters growth.”
“The incoming administration must address how tariffs impact American businesses and consumers,” said CTA Vice President of Trade Ed Brzytwa. “Retaliation from our trading partners raises costs, disrupts supply chains, and hurts the competitiveness of U.S. industries. U.S. trade policy should protect consumers and help American businesses succeed globally.”
If you missed the CES Research Trends presentation, watch the replay of CES 2025 Trends to Watch, presented by CTA at 10 a.m. PT, Monday, January 6.
Methodology
CTA’s U.S. Consumer Technology One-Year Industry Forecast is updated twice a year, informed by qualitative and quantitative input from CTA members, industry experts and third-party data sources.
How The Proposed Trump Tariffs Increase Prices for Consumer Technology Products was commissioned by CTA and undertaken by Trade Partnership Worldwide LLC (TPW). TPW employed a modeling strategy that enables the researchers to estimate the cross-country impacts of changes in trade policy (applying increased tariff rates on top of existing tariff rates) for detailed product categories.
Sign up for CTA Research Insights.
About Consumer Technology Association (CTA)®:
As North America’s largest technology trade association, CTA is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.
About CES®:
CES is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA)®, CES features every aspect of the tech sector. CES 2025 takes place Jan. 7-10, 2025, in Las Vegas. Learn more at CES.tech and follow CES on social.
STM Daily News is a vibrant news blog dedicated to sharing the brighter side of human experiences. Emphasizing positive, uplifting stories, the site focuses on delivering inspiring, informative, and well-researched content. With a commitment to accurate, fair, and responsible journalism, STM Daily News aims to foster a community of readers passionate about positive change and engaged in meaningful conversations. Join the movement and explore stories that celebrate the positive impacts shaping our world. https://stmdailynews.com/
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Nature
What a bear attack in a remote valley in Nepal tells us about the problem of aging rural communities
A 71-year-old in Nepal’s Nubri valley survives repeated bear attacks as youth outmigration and rapid population aging leave fewer people to protect crops and homes—pushing bears closer to villages and raising urgent questions about safety, conservation rules, and rural resilience.

Geoff Childs, Washington University in St. Louis
Dorje Dundul recently had his foot gnawed by a brown bear – a member of the species Ursus thibetanus, to be precise.
It wasn’t his first such encounter. Recounting the first of three such violent experiences over the past five years, Dorje told our research team: “My wife came home one evening and reported that a bear had eaten a lot of corn from the maize field behind our house. So, we decided to shoo it away. While my wife was setting up camp, I went to see how much the bear had eaten. The bear was just sitting there; it attacked me.”
Dorje dropped to the ground, but the bear ripped open his shirt and tore at his shoulder. “I started shouting and the bear ran away. My wife came, thinking I was messing with her, but when she saw the wounds, she knew what had happened.”
Researchers Dolma Choekyi Lama, Tsering Tinley and I spoke with Dorje – a 71-year-old resident of Nubri, a Buddhist enclave in the Nepalese highlands – as part of a three-year study of aging and migration.
Now, you may be forgiven for asking what a bear attack on a septuagenarian has to do with demographic change in Nepal. The answer, however, is everything.
In recent years, people across Nepal have witnessed an increase in bear attacks, a phenomenon recorded in news reports and academic studies.
Inhabitants of Nubri are at the forefront of this trend – and one of the main reasons is outmigration. People, especially young people, are leaving for education and employment opportunities elsewhere. It is depleting household labor forces, so much so that over 75% of those who were born in the valley and are now ages 5 to 19 have left and now live outside of Nubri.
It means that many older people, like Dorje and his wife, Tsewang, are left alone in their homes. Two of their daughters live abroad and one is in the capital, Kathmandu. Their only son runs a trekking lodge in another village.
Scarcity of ‘scarebears’
Until recently, when the corn was ripening, parents dispatched young people to the fields to light bonfires and bang pots all night to ward off bears. The lack of young people acting as deterrents, alongside the abandonment of outlying fields, is tempting bears to forage closer to human residences.
Outmigration in Nubri and similar villages is due in large part to a lack of educational and employment opportunities. The problems caused by the removal of younger people have been exacerbated by two other factors driving a rapidly aging population: People are living longer due to improvements in health care and sanitation; and fertility has declined since the early 2000s, from more than six to less than three births per woman.
These demographic forces have been accelerating population aging for some time, as illustrated by the population pyramid constructed from our 2012 household surveys in Nubri and neighboring Tsum.
A not-so-big surprise, anymore
Nepal is not alone in this phenomenon; similar dynamics are at play elsewhere in Asia. The New York Times reported in November 2025 that bear attacks are on the rise in Japan, too, partly driven by demographic trends. Farms there used to serve as a buffer zone, shielding urban residents from ursine intruders. However, rural depopulation is allowing bears to encroach on more densely populated areas, bringing safety concerns in conflict with conservation efforts.
Dorje can attest to those concerns. When we met him in 2023 he showed us deep claw marks running down his shoulder and arm, and he vowed to refrain from chasing away bears at night.
So in October 2025, Dorje and Tsewang harvested a field before marauding bears could get to it and hauled the corn to their courtyard for safekeeping. The courtyard is surrounded by stone walls piled high with firewood – not a fail-safe barrier but at least a deterrent. They covered the corn with a plastic tarp, and for extra measure Dorje decided to sleep on the veranda.
He described what happened next:
“I woke to a noise that sounded like ‘sharak, sharak.’ I thought it must be a bear rummaging under the plastic. Before I could do anything, the bear came up the stairs. When I shouted, it got frightened, roared and yanked at my mattress. Suddenly my foot was being pulled and I felt pain.”
Dorje suffered deep lacerations to his foot. Trained in traditional Tibetan medicine, he staunched the bleeding using, ironically, a tonic that contained bear liver.
Yet his life was still in danger due to the risk of infection. It took three days and an enormous expense by village standards – equivalent to roughly US$2,000 – before they could charter a helicopter to Kathmandu for further medical attention.
And Dorje is not the only victim. An elderly woman from another village bumped into a bear during a nocturnal excursion to her outhouse. It left her with a horrific slash from forehead to chin – and her son scrambling to find funds for her evacuation and treatment.
So how should Nepal’s highlanders respond to the increase in bear attacks?
Dorje explained that in the past they set lethal traps when bear encroachments became too dangerous. That option vanished with the creation of Manaslu Conservation Area Project, or MCAP, in the 1990s, a federal initiative to manage natural resources that strictly prohibits the killing of wild animals.
Learning to grin and bear it?
Dorje reasons that if MCAP temporarily relaxed the regulation, villagers could band together to cull the more hostile bears. He informed us that MCAP officials will hear nothing of that option, yet their solutions, such as solar-powered electric fencing, haven’t worked.
Dorje is reflective about the options he faces as young people leave the village, leaving older folk to battle the bears alone.
“At first, I felt that we should kill the bear. But the other side of my heart says, perhaps I did bad deeds in my past life, which is why the bear bit me. The bear came to eat corn, not to attack me. Killing it would just be another sinful act, creating a new cycle of cause and effect. So, why get angry about it?”
It remains to be seen how Nubri’s residents will respond to the mounting threats bears pose to their lives and livelihoods. But one thing is clear: For those who remain behind, the outmigration of younger residents is making the perils more imminent and the solutions more challenging.
Dolma Choekyi Lama and Tsering Tinley made significant contributions to this article. Both are research team members on the author’s project on population in an age of migration.
Geoff Childs, Professor of Sociocultural Anthropology, Washington University in St. Louis
This article is republished from The Conversation under a Creative Commons license. Read the original article.
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Sports
How the explosion of prop betting threatens the integrity of pro sports
Miami Heat guard Terry Rozier was among 34 individuals arrested in connection with federal investigations into illegal gambling, highlighting a growing concern in sports. Prop bets, which allow wagering on specific game outcomes, have become prevalent, increasing the risk of corruption and match-fixing. The global sports betting market is expanding rapidly, raising alarms about integrity in sports.

When I first heard about the arrests of Portland Trail Blazers coach Chauncey Billups, Miami Heat guard Terry Rozier and former NBA player Damon Jones in connection to federal investigations involving illegal gambling, I couldn’t help but think of a recent moment in my sports writing class.
I was showing my students a clip from an NFL game between the Jacksonville Jaguars and Kansas City Chiefs. Near the end of play, Jaguars quarterback Trevor Lawrence threw a perfect pass to receiver Brian Jones Jr. to secure a critical first down. Out of the blue, a student groaned and said that he’d lost US$50 on that throw.
I thought of that moment because it revealed how ubiquitous sports betting has become, how much the types of bets have changed over time, and – given these trends – how it’s naive to think players won’t continue to be tempted to game the system.
The prop bet hits it big
I’ve been following the evolution of sports gambling for about a decade in my position as chair of Penn State’s sports journalism program.
Back when legal American sports betting was mostly confined to Las Vegas, the standard bets tended to be tied to picking a winner or which team would cover a point spread.
But ahead of the 1986 Super Bowl between the Chicago Bears and the overmatched New England Patriots, casinos offered bets on whether Bears defensive lineman – and occasional running back – William “Refrigerator” Perry would score a touchdown. The excitement around that sideshow kept fan interest going during a 46-10 blowout.
Perry did end up scoring, and the prop bet took off from there.
Prop bets are wagers that depend on an outcome within a game but not its final result. They can often involve an athlete’s individual performance in some statistical category – for instance, how many yards a running back will rush for, how many rebounds a basketball center will secure, or how many strikeouts a pitcher will have. They’ve become routine offerings on sports betting menus.
For example: As I write this, I am looking at a FanDuel account I opened years ago, seeing that, for the Green Bay Packers-Pittsburgh Steelers game currently in progress, I can place a wager on which player will score a touchdown, how many yards each quarterback will throw for and much, much more. As the game progresses, the odds constantly shift – allowing for what are called “live bets.”
Returning to my student who lost the bet on Lawrence’s pass completion: It’s possible he’d placed a bet on Lawrence to throw fewer than a set number of yards. Or he could have been part of a fantasy league, which is also dependent on individual player performances.
Either way, a problem with prop bets, from an anti-corruption perspective, is that an individual can often control the outcome. You don’t need a group of players to be in on it – which is what happened during the infamous Black Sox Scandal, when eight players on the Chicago White Sox were accused of conspiring with gamblers to intentionally lose the 1919 World Series.
In the indictment against him, Rozier is accused of telling a co-defendant to pass along information to particular bettors that he planned to leave a March 2023 game early – a move everyone involved knew meant he would not reach his statistical benchmarks for the game. They could then place bets that he wouldn’t hit those marks.
In baseball, meanwhile, Luis Ortiz of the Cleveland Guardians was placed on leave during the 2025 season and is under investigation for possibly illegally wagering on the outcome of two pitches he threw. MLB authorities are essentially trying to determine if he deliberately threw balls as opposed to strikes in two instances. (Yes, prop bets have become so granular that you can even bet on whether a pitcher will throw a ball or a strike on an individual pitch.)
An exploding market with no end in sight
The popularity of prop bets feeds into a worldwide sports gambling industry that has experienced explosive growth and shows no sign of slowing.
Since the U.S. Supreme Court in 2018 ruled that states could decide on whether to allow sports betting, 39 states plus the District of Columbia have done so.
The leagues and media are more than just bystanders. FanDuel and DraftKings are official sports betting partners of the NBA and the NFL.
In the days after the Supreme Court ruling, I wondered whether journalists would embrace sports betting. These days, ESPN not only has a betting show, but it also has a betting app.
According to the American Gaming Association, sportsbooks collected a record $13.71 billion in revenue in 2024 from about $150 billion in wagers. A study released in February 2025 by Siena and St. Bonaventure universities found that nearly half of American men have an online sports betting account.
But those figures don’t begin to touch the worldwide sports betting market, especially the illegal one. The United Nations, in a 2021 report, reported that up to $1.7 trillion is wagered annually in illegal betting markets.
The U.N. report warned that it had found a “staggering scale, manifestation, and complexity of corruption and organized crime in sport at the global, regional, and national levels.”
Who’s the boss?
In early October 2025, I attended a conference of Play the Game, a Denmark-based organization that promotes “democratic values in world sports.” Its occasional gatherings attract experts from around the world who are interested in keeping sports fair and safe for everyone.
One of the most sobering topics was illegal, online sportsbooks that feature wagering on all levels of sport, from the lowest levels of European soccer on up.
It sounded somewhat familiar. This summer at the Little League World Series, which my students covered for The Associated Press, managers complained about offshore sportsbooks offering lines on the tournament, which is played by 12-year-old amateurs.
And with so much illegal wagering in the world, the issue of match fixing was bound to come up.
One session screened a recent German documentary on match fixing. Meanwhile, Anca-Maria Gherghel, a Ph.D. candidate at Sheffield Hallam University and senior researcher for EPIC Global Solutions, both in northern England, told me how she had interviewed a professional female soccer player for a team in Cyprus. The player described how she and her teammates were routinely approached with lucrative offers to throw matches.
Put it all together – the vast sums of money at play and the relative ease of fixing a prop bet, let alone a match – and you cannot be surprised at the NBA scandal.
I used to think that gambling was just a segment of the larger sports industry. Now, I wonder whether I had it exactly backward.
Has sports just become a segment of the larger gambling industry?
John Affleck, Knight Chair in Sports Journalism and Society, Penn State
This article is republished from The Conversation under a Creative Commons license. Read the original article.
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small business
When TV Talks About Gentrification and Shopping Local — and Where It Gets It Right (and Wrong)
A closer look at how the TV show The Neighborhood tackles gentrification and shopping local—and where the reality of online sales and small business survival is more complex.

In our continuing look at how entertainment—television, movies, and streaming shows—grapples with real-world issues, this time we turn our attention to gentrification and the often-repeated call to “shop local.” Once again, we examine how popular culture frames these conversations, this time through the CBS sitcom The Neighborhood and the episode “Welcome Back to What Used to Be the Neighborhood.”
A Familiar Story: When the Neighborhood Changes
In the episode, Calvin’s favorite longtime restaurant closes its doors and is replaced by a flashy new pet spa. To Calvin, the change symbolizes something much bigger than a single business closing—it represents the slow erosion of the neighborhood he knows and loves. In response, he launches a campaign urging friends and neighbors to buy local in order to protect small businesses from disappearing.
Emotionally, the episode hits home. Many communities across the country have watched beloved neighborhood institutions vanish, replaced by businesses that feel disconnected from the area’s history and culture. In that sense, The Neighborhood gets something very right: gentrification often shows up one storefront at a time.
Where Television Simplifies a Complicated Reality
But, as is often the case with television, the episode also simplifies a much more complex economic reality.
The show frames “shopping local” as a direct alternative to shopping online, subtly suggesting that online platforms are inherently harmful to small businesses. In real life, however, the line between “local” and “online” is no longer so clear.
Many local and small businesses now survive precisely because they sell online—through their own websites, through Amazon, or through other platforms that support independent sellers. For some, online sales are not a threat to local commerce; they are a lifeline.
Why Brick-and-Mortar Isn’t Always Sustainable
Rising costs are a major factor driving these changes. Commercial leases, insurance premiums, utilities, staffing costs, and local fees have all increased dramatically in many cities. For small business owners, keeping a physical storefront open can become financially impossible—even when customer support remains strong.
As a result, some businesses choose to close their brick-and-mortar locations while continuing to operate online. Others scale back to pop-ups, shared spaces, or hybrid models. These businesses may no longer have a traditional storefront, but they are still local—employing local workers, paying local taxes, and serving their communities in new ways.
The Real Issue Behind “Shop Local”
Where The Neighborhood succeeds is in capturing the emotional truth of gentrification: the sense of loss, displacement, and cultural change that comes with rising rents and shifting demographics.
Where it misses the mark is in suggesting that consumer choices alone—simply avoiding online shopping—can solve the problem.
The real challenges facing local and small businesses go far beyond individual buying habits. They include zoning policies, commercial rent practices, corporate consolidation, and economic systems that increasingly favor scale over community presence.
A Conversation Worth Having—Even If TV Can’t Finish It
The Neighborhood deserves credit for bringing these issues into mainstream conversation. It sparks discussion, even if it wraps a complicated topic in a sitcom-friendly moral lesson.
The reality is messier. Supporting local businesses today often means rethinking what “local” looks like in a digital economy—and recognizing that survival sometimes requires adaptation, not nostalgia.
Further Reading & External Resources
- U.S. Small Business Administration: Marketing & Online Sales for Small Businesses
Explains how small businesses use websites, marketplaces, and digital tools to survive and grow. - Brookings Institution: Understanding Gentrification
A research-based overview of gentrification, its causes, and its impact on local communities. - National Main Street Center: Supporting Local Small Businesses
Resources focused on preserving local businesses while adapting to economic change. - SCORE: Why Going Online Is Critical for Small Business Survival
Mentorship-backed guidance on how digital sales help small businesses remain competitive. - Harvard Business Review: How Small Businesses Can Compete in an Online Economy
An analysis of how independent businesses adapt to large online platforms without losing identity.
At STM Daily News, our Local and Small Business coverage continues to explore these real-world dynamics beyond the TV screen, highlighting the challenges, innovations, and resilience of the businesses that keep communities alive—whether their doors are on Main Street or their storefronts live online.
📍 Read more Local and Small Business coverage at: STM Daily News
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