President Trump and Prime Minister Morrison Celebrate ‘Promises Made, Promises Kept’ in Wapakoneta

Two countries played a key role in the building of the new Pratt Industries plant in Wapakoneta – Australia and the United States. Australian Prime Minister Scott Morrison and President Donald J. Trump, visited that new plant on Sunday. The opening of the recycled paper and cardboard plant represents, “Promises made, promises kept,” on the part of President Trump and Pratt Industries, which is owned by Aussie billionaire Anthony Pratt.

Read More

Pioneer Press Tries And Fails to Smear Center of American Experiment for ‘Conservative’ Economics

The Center of the American Experiment released its annual “The State of Minnesota’s Economy” report Tuesday, written by University of London and London School of Economics grad John Phelan. But The Pioneer Press wasn’t pleased with Phelan’s application of “data that has become popular with conservative economists,” that being GDP…

Read More

Amazon: The World’s Most Dangerous Crony Capitalist

by Rick Manning   The bedrock of American commerce – and of the broader capitalist experiment – has always been competition.  If you can build a better mousetrap, invent a longer-lasting light bulb or more efficiently churn out widgets (or in this case, clichés), odds are your endeavor will encounter success. It doesn’t…

Read More

SEC Transaction Fee Pilot Program Could Save Big Money for Small Investors, Pensioners

SEC building

By Robert Romano   In March, the Securities and Exchange Commission (SEC) proposed a new transaction fee pilot that would “subject stock exchange transaction fee pricing, including ‘maker-taker’ fee-and-rebate pricing models, to new temporary pricing restrictions across three test groups, and require the exchanges to prepare and publicly post data,” according to the…

Read More

Wisconsin and New Jersey are Among the States Looking To Copy Minnesota Model Of Using Federal Funds To Lower Insurance Premiums

Minnesota capitol

by Evie Fordham   Several states including Wisconsin and New Jersey are seeking to copy Minnesota’s model of federal reinsurance program funding that contributed to a 13-percent drop in premium rates in the state from 2017 to 2018. The Minnesota legislature adopted the program, which uses mostly federal funds to…

Read More

Contrary to Nervous Nellie ‘Economic Experts,’ the Trump Economy is Booming with Elevated Aluminum and Steel Prices

Donald Trump

By Robert Romano   One of the conventional wisdoms to do with the tariffs and duties levied by the Trump administration on steel, aluminum and lumber is that they will lead to higher prices and inflation, hurting producers and consumers, thus stunting economic growth. For example, billionaire Charles Koch warned on July…

Read More

Tribune Media Terminates Merger with Sinclair Broadcast Group, Files Lawsuit Alleging Breach of Contract

Tribune - Sinclair

by Nick Givas   Tribune Media Company killed its merger with Sinclair Broadcast Group on Thursday and filed a lawsuit against the media conglomerate, claiming breach of contract. Tribune is seeking financial compensation for losses it claims it suffered as a result of Sinclair’s breach of the merger agreement. Tribune is…

Read More

Maverick Musk Eyes $72 Billion Buyout to Take Tesla ‘Private’

Elon Musk

Tesla CEO Elon Musk is considering leading a buyout of the electric car maker in a stunning move that would end the maverick company’s eight-year history trading on the stock market. In his typically unorthodox fashion, the eccentric Musk dropped his bombshell on his Twitter account, which he has used…

Read More

The New York Stock Exchange Monopoly Set to Raise Fees to Access Trade Data

New York Stock Exchange

by Robert Romano   Government-created monopolies are not a new thing, and indeed there are times when Congress has determined that having a government charter for an authoritative, monopoly function can serve a valuable public need. Sometimes these are agencies. The Federal Reserve is tasked by Congress to control the money…

Read More

Ivanka Trump to Shutter Fashion Line, Focus on Government

Tennessee Star

Reuters   President Donald Trump’s oldest daughter, Ivanka Trump, is closing her fashion line to focus her energies on advising her father’s White House, she said through a representative on Tuesday. Trump, whose fortune comes from real estate development, came into office carrying a broad family business portfolio that trades…

Read More

Fiat Chrysler Names Jeep Boss to Replace CEO Stricken with Illness

Mike Manley

Reuters   Fiat Chrysler named on Saturday its Jeep division boss, Mike Manley, to take over immediately for Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with…

Read More

Google, Microsoft, Facebook And Twitter Reveal ‘Data Transfer’ Partnership

Google, Facebook, Twitter, Microsoft

by Eric Leiberman   Google, Microsoft, Twitter and Facebook are teaming up to provide users with the capability of transferring data across platforms and services, the latter two social media giants announced Friday morning. After heightened concerns over data utilization (even exploitation and manipulation), companies appear to be trying to…

Read More

Hardly ‘Crumbs’: Cookie Maker Hires Five Workers, Raises Pay, Expands Production Under Tax Cuts

Joseph Semprevivo

by Rachel del Guidice   The overhaul of the tax code by congressional Republicans didn’t produce just crumbs for the business of a popular cookie maker based in Florida. The Tax Cuts and Jobs Act has meant hiring, raises, investment in new equipment, and expanded operations, he says. “It has had…

Read More

Occupational Licensing Reform: A Bipartisan Blueprint for Helping Low-Income Workers

bureaucratic stamps

by Alex Muresianu   A new report from the University of Wisconsin-Madison comparing employment between Minnesota and Wisconsin after Minnesota raised its minimum wage found that Minnesotan workers saw a decline in employment, especially for young, inexperienced, and low-skilled workers, as employment in Wisconsin rose. Despite this evidence reaffirming that the minimum wage can hurt…

Read More

Three Ways Milton Friedman Improved the Field of Economics

Milton Friedman

by Luis Pablo De La Horra   Milton Friedman is probably the most important free-market thinker of the twentieth century. His ideas in defense of capitalism and economic freedom had an enormous influence on the shift towards free-market policies that took place from the 1970s onwards. Countries like the UK, China,…

Read More

President Trump’s Fuel-Efficiency Reality Check Revs Up the American Economy

automobile factory

by Derrick Hollie   Despite rampant speculation that President Donald Trump’s trade policy might increase some car prices, how his regulatory relief agenda may lower sticker prices and increase safety goes largely ignored. How did this happen? The Trump administration is revising the Corporate Average Fuel Economy standards imposed on automakers…

Read More

In Another Blow to Iran’s Faltering Economy, Shipping Giant CMA CGM Announces Exit, Citing US Sanctions

CMA CGM Shipping

Reuters   One of the world’s biggest cargo shippers announced Saturday that it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France’s CMA CGM that it was…

Read More

Conservatives Team Up with Immigrants to Tackle Costly New Jersey ‘Hair Braiding’ Regulation

hair braiding

by Elias Atienza   The New Jersey state chapter of Americans for Prosperity (AFP) is helping West African immigrants lobby the New Jersey legislature to change cosmetology requirements. West African immigrants, usually women, operate hair-braiding businesses that are essentially illegal, since state regulations require these workers to get a license, WNYC reported Monday.…

Read More

How Restrictive Labor Laws Keep Puerto Rico’s Economy Down

Puerto Rico

by Rachel Greszler   An economic crisis has engulfed Puerto Rico. The Financial Oversight Management Board, a federally-mandated advisory group, has worked to help Puerto Rico deal with its financial crisis and establish policies that will lead to long-run growth. The board says Puerto Rico must reform its labor market to…

Read More

Tennessee’s Zealous Barber Licensing Board Sued for ‘Irrelevant Requirements’

Elias Zarate

Those looking for a swifter path to becoming a barber in Tennessee just might find relief. The Tennessee Board of Cosmetology and Barbers Examiners is under fire for what twenty-five year-old Elias Zarate is calling “irrelevant requirements” associated with obtaining a Barber license – namely, a high school diploma. Born…

Read More

Malware Discovered Pre-Installed On Android Devices Including Chinese Company ZTE

Smartphones

by Kyle Perisic   An anti-virus company has discovered malware comes pre-installed on Android phones, including on ZTE phones — a Chinese phone company with ties to the Chinese government. “Thousands of users are affected” by the ad-related malware, or adware, according to Avast, the Czech anti-virus company, in its…

Read More

Bredesen-Backed Company Silicon Ranch Has History of Ethics Issues

Bredesen Solar Ranch

If Tennessee voters send former Democratic Gov. Phil Bredesen to the U.S. Senate this fall then Bredesen will step down as chair Silicon Ranch, a company he founded that has ethics problems. Silicon Ranch Corporation helps finance the construction of solar arrays. According to the Tennessean, Silicon Ranch owns or…

Read More

Nashville Firm Files Class Action Lawsuit Against United Community Bank For Alleged Improper Overdraft Fee Practices

United Community Bank for Alleged Improper Overdraft Fee

Nashville, Tennessee-based law firm Branstetter, Stranch & Jennings has filed a class action lawsuit against Georgia-headquartered regional bank United Community Bank, which has locations in three additional states, including Tennessee. BS&J filed the lawsuit with Cohen & Malad, LLP of Indianapolis, Indiana. The suit was filed in the United States…

Read More