Dartmouth Cancels Conservative Group’s Event after Alleged Antifa Threats

aerial view of The Dartmouth College

A conservative group at an Ivy League college was reportedly forced to take a planned event virtual after reported threats tied to a left-wing protest group, according to journalist Andy Ngo.

The Dartmouth College chapter of Turning Point USA (TPUSA) was hosting Ngo and Gabriel Nadales, a former member of the left-wing group, to discuss Antifa at a Thursday night event before the college canceled it due to concerns about security, the Post Millennial reported.

“In light of concerning information from Hanover police regarding safety issues shared late in the afternoon, similar concerns expressed by the College Republican leadership, and challenges with the student organization’s ability to staff a large public event and communicate effectively (including dissemination of the visitor policy and a prohibition on bags in the building), the College requested that the Extremism in America panel be moved online,” Diana Lawrence, a spokeswoman for Dartmouth, told the Daily Caller News Foundation.

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Commentary: Get Ready for a New Roaring Twenties

Statue of Liberty

On New Year’s Eve of 2019, revelers gathered around the globe to ring in a new decade. Many jubilantly attended “Roaring Twenties” parties, adorned in elegant evening wear, cloche and Panama hats, and knickerbockers, harkening back to an exciting, culturally vibrant era of economic prosperity. But whatever veiled hopes partygoers had for a booming future soon met jarring realities: a once-in-a-century pandemic, global lockdowns, an economic recession, and widespread civil unrest stemming from an incident of police brutality. The Roaring 2020s were not to be, it seemed.

Take heart: Mark P. Mills, a physicist, senior fellow at the Manhattan Institute, faculty fellow at Northwestern University, and a partner in Montrose Lane, an energy-tech venture fund, is out to rekindle our collectively dashed hopes. In his new book, The Cloud Revolution: How the Convergence of New Technologies Will Unleash the Next Economic Boom and a Roaring 2020s, Mills convincingly argues with verve, vitality, and – most importantly – evidence, that humanity is about to take a great step forward in the coming decade. And unlike the first Roaring Twenties, these won’t need to end with a Great Depression.

In the opening pages, Mills reminds us that the original Roaring Twenties didn’t start off so auspiciously, either. In fact, separated by a century, our situation seems eerily similar. The 1918 flu pandemic ran well into 1920, triggering a severe U.S. recession that lasted through summer 1921. Violent riots and political instability were also prevalent. Yet from this pit of public despair, Americans pulled themselves out. Propelled by remarkable advancements in mass production, medicine, electrification, communications via telephone and radio, movies, automobiles, and aviation, the United States saw its GDP rise by an astounding 43% between 1921 and 1929.

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Awaiting Supreme Court Decision, Iowa OSHA Blocks Vaccine Mandate for Businesses

man in yellow hardhat and work jacket

Iowans are waiting for the U.S. Supreme Court’s decision on the COVID-19 vaccine mandate for businesses with at least 100 employees. In the meantime, they’re moving ahead with actions of their own.

Iowa Department of Education Communications Director Heather Doe told The Center Square in an emailed statement that since Iowa is a state-plan state, the Iowa Division of Labor typically enforces workplace safety in Iowa instead of the federal Occupational Safety and Health Administration. The state is required to notify OSHA whether it will adopt a given Emergency Temporary Standard or provide notice it will not adopt it because its standards are as effective as the new federal standard. Iowa needed to respond to the standard by Jan. 7.

Iowa Labor Commissioner Rod Roberts did so, saying that the Hawkeye State will not adopt or enforce the mandate.

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Americans Ring in 2022 with Highest Mortgage Rates Since the Pandemic Started

Mortgage rates soared to their highest level since the beginning of the pandemic in the first week of 2022, according to Freddie Mac.

The 30-year fixed-rate mortgage averaged 3.22% in the week ending on Jan. 6, up from a 3.11% average during the previous week and marking the highest level since May 2020, Freddie Mac announced Thursday. The 30-year rate dropped to 2.65% in early 2021, its lowest level on record.

“Mortage rates increased during the first week of 2022 to the highest level since May 2020 and are more than half a percentage higher than January 2021,” said Sam Khater, chief economist at Freddie Mac, according to a company release.

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U.S. Economy Adds Just 199,000 Jobs in December, Far Below Expectations

Man in a hard hat pointing his finger

The U.S. economy recorded an increase of 199,000 jobs in December and the unemployment dipped to 3.9%, the U.S. Bureau of Labor Statistics (BLS) announced Friday.

Total non-farm payroll employment increased by 199,000 in December, according to the BLS, and the number of unemployed Americans dipped to 6.3 million. Economists surveyed by The Wall Street Journal projected the economy to add 422,000 jobs in December and for unemployment to fall to 4.1%.

December’s jobs report leaves the U.S. economy with roughly 6.5 million more jobs than at the end of 2020 but still 3.5 million short of pre-pandemic levels.

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Iowa Awards Two-Thirds of Strengthening Communities Grants to YMCA or YWCA Projects

Kids at a table, wearing masks, with teacher who is wearing a mask

Projects in the rural communities of Clinton, Hampton, Keokuk, Lake City, Maquoketa, Red Oak and Stanton will all together receive $250,000 in Strengthening Communities grants, the Iowa Department of Cultural Affairs announced Thursday.

The Iowa legislature appropriated funding for the Rebuild Iowa Infrastructure Fund for the Strengthening Communities grants. The grants support communities of fewer than 28,000 residents (based on the 2010 Census) that are renovating facilities or undertaking construction projects that promote “youth development, healthy living and social responsibility.” Organizations must present a minimum of 50% of the grant amount they request. The funding must be secured, dedicated to eligible expenses, raised through public and private funding (not including state funding), and be spent between 2022 and 2024.

The funding will support the following projects:

$65,000 for the YWCA in Clinton’s reconfiguration of childcare spaces and youth classrooms to expand capacity and improve efficiency to help increase child care accessibility and provide a safe environment.

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European Tech Firm Chooses Arizona as First American Location

A European solar power tech company has chosen Arizona as its first location in the United States.

Switzerland-based mechanical engineering company Meyer Burger Technology AG is establishing a production site for high-performance solar modules in Goodyear, Arizona. Production is expected to be operational by the end of 2022, creating an initial 250 jobs and more than 500 jobs at full capacity.

“I am very pleased to welcome Meyer Burger to our community,” Mayor of Goodyear Joe Pizzillo said in a news release.“The decision to make a large investment in our community shows Goodyear is an excellent location for advanced manufacturing businesses. Our highly skilled workforce, modern infrastructure, and low cost of doing business has created an environment where companies can thrive.”

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Commentary: ‘Roots,’ ‘Dreams,’ and the Unequal Punishment of Fraud

A week before Christmas, on the occasion of Alex Haley’s centennial year, Michael Patrick Hearn penned a lengthy tribute to his one-time Hamilton College prof. The first 4,000 words of the New York Times article Hearn fulfilled the promise of its title, as Hearn recounted in loving detail how “Alex Haley Taught America About Race — and a Young Man How to Write.”

Only about 500 words before the article’s completion does the Times reader learn there were problems with Haley’s 1976 “magnum opus”— Roots: The Saga of an American Family. Writes Hearn, much too matter-of-factly, “Haley and Doubleday might have saved themselves a lot of trouble had they acknowledged from the first that their big best seller was based on a true story.” This is Hearn’s gentle way of saying the book is a fraud. If additional irony were needed, Hearn wrote his paean to Haley under the Times rubric, “Nonfiction.”

Haley, in fact, stands accused of three counts of literary fraud. He passed off fiction as fact. He passed off another’s work as his own. And he plagiarized. Only one popular writer in recent times has faced comparable accusations. That is Barack Obama, author of his own imagined family saga, Dreams from My Father: A Story of Race and Inheritance. More on Obama in a minute.

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Kansas Lawmakers Reveal Draft Bill to Eliminate the Food Tax

Laura Kelly

Kansas Gov. Laura Kelly and the Legislature’s Democratic leadership on Thursday released a draft bill to get rid of the food sales tax in the state. 

Known colloquially as the “Axe the Food Tax” bill, the legislation would eliminate the state’s 6.5% sales tax on food. The draft bill also includes a full exemption on state and local taxes for items bought at farmers markets. 

Senate Minority Leader Dinah Sykes, D-Lenexa, and House Minority Leader Tom Sawyer, D-Wichita, helped craft the legislation and are formally looking for co-sponsors. 

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Commentary: The Flaw in Bret Weinstein and Heather Heying’s Proposal for the Future of Humanity

Bret Weinstein podcast

Bret Weinstein and Heather Heying, evolutionary biologists and visiting fellows at Princeton University, have written a fascinating new book, A Hunter-Gatherer’s Guide to the 21st Century, which Penguin Random House released in September.

The instant New York Times bestseller is riddled with interesting ideas and clever insights, ultimately arriving at a radical conclusion about how humanity must be governed in the future if we are to avoid civilizational collapse. However, the book’s concluding argument is built upon one fundamental economic fallacy, and to understand the flaw in the proposal is to understand how truly catastrophic the pursuit of Weinstein and Heying’s vision would be.

The Fear of Abundance

Weinstein and Heying’s fundamental claim is about the human propensity to seek economic growth, and the ultimate unsustainability of that goal.

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Experts Predict Less Economic Growth, Elevated Inflation for Years to Come

Woman shopping, going up escalator

A survey released Monday found that business experts expect prices and inflation to rise at elevated levels for years to come.

The National Association for Business Economics released the results of a survey of 48 economic experts who downgraded their growth predictions and projected elevated inflation through the second half of 2023, if not later.

“NABE Outlook survey panelists have ramped up their expectations for inflation significantly since September,” said NABE Vice President Julia Coronado, founder and president, MacroPolicy Perspectives LLC. “The core consumer price index, which excludes food and energy costs, is now expected to rise 6.0% from the fourth quarter of 2020 to the fourth quarter of 2021, compared to the September forecast of a 5.1% increase over the same period.”

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Big Oil CEOs Thumb Nose at Green Energy Transition, Say Fossil Fuels Still Have ‘Essential Role’

Mike Worth, Darren Woods and Amin Nasser

Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies could crash economies.

Crude oil and natural gas continue to be key to the world economy’s health and cannot be discounted, CEOs of ExxonMobil, Chevron, Halliburton and Saudi Aramco said during the ongoing World Petroleum Congress in Texas on Monday. The executives agreed that climate change should be addressed, but not to the detriment of current energy needs.

“I understand that publicly admitting that oil and gas will play an essential and significant role during the transition and beyond will be hard for some,” Saudi Aramco CEO Amin Nasser said during his remarks at the summit, the Financial Times reported.  People “assume that the right transition strategy is in place. It’s not,” Nasser said, Reuters reported. “Energy security, economic development and affordability are clearly not receiving enough attention.”

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Fraudsters Used Paycheck Protection Program Loans for Bentleys, Diamonds, Luxury Homes: Watchdog

woman on laptop with eye glasses and mug next to her

This week’s Golden Horseshoe goes to the Small Business Administration for millions in Paycheck Protection Program loans it issued to fraudsters who used the money to purchase luxury homes, high-priced jewelry and expensive cars, including a Bentley and two Lamborghinis, according to a watchdog report.

The Paycheck Protection Program had the highest percentage of cases of criminal activity of all the pandemic relief programs, according to the Pandemic Response Accountability Committee’s recent Semiannual Report to Congress.

“A total of 14 OIGs have indictments/complaints, arrests, and/or convictions from April 1, 2021, through September 30, 2021, related to the federal government’s COVID-19 pandemic response,” PRAC reported.

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Labor Board Orders New Union Election at Amazon Warehouse

Amazon warehouse in Maryland

The National Labor Relations Board (NLRB) ordered a new unionization election at an Amazon warehouse in Alabama, ruling that the company violated federal labor law during the first election.

“Today’s decision confirms what we were saying all along – that Amazon’s intimidation and interference prevented workers from having a fair say in whether they wanted a union in their workplace – and as the Regional Director has indicated, that is both unacceptable and illegal,” Retail, Wholesale and Department Store Union (RWDSU) President Stuart Appelbaum said in a statement Monday.

“Amazon workers deserve to have a voice at work, which can only come from a union,” he continued.

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Thanksgiving Dinner, Travel, Black Friday Shopping More Expensive as Inflation Continues to Rise

People on an escalator in an indoor shopping mall

As Americans prepare for Thanksgiving this year, traveling and cooking a family dinner will be significantly more expensive.

Inflation has increased by more than 6.2% this year, according to the consumer price index (CPI), representing the highest rate of price hikes in nearly 31 years.

In January 2021, before Biden “took over the presidency, annual inflation was at a stable 1.4 percent,” Americans for Tax Reform notes. “While inflation has already hit American families hard, President [Joe] Biden is pushing policies which would make this problem even worse.”

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Sen. Cruz: Skyrocketing Inflation in U.S. Comparable to 1970s under Carter

Ted Cruz

U.S. Sen. Ted Cruz, R-Texas, says that skyrocketing inflation and long lines at gas stations are a result of President Joe Biden’s policies and are returning the U.S. to the days of high inflation, high cost of living and gas lines under President Jimmy Carter.

Eleven months into Biden’s term, inflation reached a 31-year high and gas prices surpassed a seven-year high.

“I’ve got to tell you the trillions that are being spent, the trillions in debt that’s being racked up, it is historic and not in a good way,” Cruz told Fox News’ “Sunday Morning Futures.”

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Pennsylvania Lawmakers Consider Dumping Daylight Savings Time

Russ Diamond

Pennsylvania state Rep. Russ Diamond says it’s time to “stop the madness of changing clocks twice a year” and permanently place the Keystone State on Eastern Standard Time.

Lawmakers in the General Assembly’s State Government Committee discussed his plan to ditch Daylight Savings Time in a hearing last week.

“The general consensus among Pennsylvanians is they’re tired of changing clocks,” Diamond, R-Lebanon, told his colleagues on the committee.

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Developers Pause, Pull Out After St. Paul Passes Rent Control

St. Paul School District

Earlier this month, St. Paul voters chose 53%-47% to impose a 3% cap on rent increases per year.  Despite the rule not activating until May 22, developers already are pausing and pulling out of projects.

The cap is strict: it doesn’t account for inflation, small or large landlords, new or old buildings, “regardless of change of occupancy.” The goal is to obtain stable, affordable housing prices, but there are also wide-reaching unintended consequences.

Pre-election, Mayor Melvin Carter said he supported the initiative.

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‘America Is Back’: Biden Unveils Sweeping Oil, Gas Regulations That Would Cut Methane Emissions by 41 Million Tons

Drilling site at night

The Biden administration rolled out broad new regulations that it said will substantially reduce U.S. methane emissions within 15 years.

The sweeping regulations would cut methane emissions, which account for roughly 10% of the greenhouse gasses emitted by the U.S., by 41 million tons between 2023 and 2035, the Environmental Protection Agency (EPA) announced Tuesday. Such a reduction is equivalent to 920 million metric tons of carbon dioxide, or the amount emitted by all cars and commercial aircraft in 2019.

“As global leaders convene at this pivotal moment in Glasgow for COP26, it is now abundantly clear that America is back and leading by example in confronting the climate crisis with bold ambition,” EPA Administrator Michael Regan said in a statement.

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Report: Facebook Lobbyists Are Being Ignored and Banned from Lawmakers’ Offices

Two men in suits shaking hands

Facebook lobbyists are struggling to meet with lawmakers, Politico reported, as the tech giant faces congressional scrutiny and negative press surrounding its business practices.

Several lawmakers’ offices are ignoring Facebook’s policy team and even refusing to meet with lobbyists, Politico reported. Several congressional aides told the outlet that recent news reports on Facebook’s business practices, including its knowledge of how its platform affects teen users and its amplification of “misinformation,” have contributed to lawmakers’ hostile attitudes.

“Mark Zuckerberg has done more to polarize the country probably than anyone else and yet despite that, the antipathy towards him is one of the most bipartisan things that remains in the country,” a Democratic House staffer told Politico.

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Republican Leaders Push Back Against Global Business Tax

Mike Crapo and Kevin Brady

Republican lawmakers are pushing back against the Biden administration’s plan to join a global compact implementing a tax on U.S. corporations regardless of where they operate.

One hundred and thirty six136 countries agreed Friday to implement a global business tax, and G-7 finance leaders agreed to the plan Saturday. President Joe Biden and Treasury Secretary Janet Yellen praised the plan.

Proposed by the Paris-based Organization for Economic Co-operation and Development (OECD), an intergovernmental economic organization, the global tax is necessary to respond to an “increasingly globalized and digital global economy,” OECD said.

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‘We Will Use the Full Range of Tools’: Trade Representative Says U.S. Will Enforce Phase One Trade Deal with China

President Donald J. Trump, joined by Chinese Vice Premier Liu He, sign the U.S. China Phase One Trade Agreement Wednesday, Jan. 15, 2020, in the East Room of the White House. (Official White House Photo by Shealah Craighead)

U.S. Trade Representative Katherine Tai said the Biden administration would enforce the Phase One trade agreement negotiated by the Trump administration with China while giving a speech at the Center for Strategic and International Studies on Monday.

“For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world,” Tai said in prepared remarks. “China made commitments that benefit certain American industries, including agriculture, that we must enforce.”

China has fallen short on the purchase totals it agreed to as part of the agreement, increasing its purchases by only 69% as of July 2021, according to the non-partisan Peterson Institute for International Economics (PIIE).

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Facebook Whistleblower Says Company ‘Paying for Its Profits with Our Safety’

Facebook knowingly chooses to prioritize its profits over the safety of its users, Frances Haugen, a whistleblower and former Facebook employee, said in an interview with “60 Minutes” on Sunday.

“The thing I saw at Facebook over and over again was there were conflicts of interest between what was good for the public and what was good for Facebook,” Haugen told Scott Pelley on “60 Minutes” Sunday night. “And Facebook, over and over again, chose to optimize for its own interests, like making more money.”

Haugen, a former Facebook product manager, leaked thousands of internal company documents to The Wall Street Journal last month which detail the inner workings of the company. The leaked documents showed that Facebook employs a separate content review system for high-profile accounts, the company has conducted research into the harms its Instagram platform has on teen users, and it stokes controversy by boosting inflammatory content.

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Businesses Push Back Against Biden Plan to Track All Bank Transactions over $600 Through the IRS

Joe Biden outside

A major component of President Joe Biden’s plan to raise revenue to pay for his trillions of dollars in new federal spending is now under fire from trade associations across the country.

The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency’s funding and power. Biden’s latest proposal would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600.

In a sharp pushback against the proposal, more than 40 trade associations, some of which represent entire industries or economic sectors, signed a letter to U.S. House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif., raising the alarm about the plan.

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Rising Inflation Could Mean Largest Social Security Increase Since 1983

Person counting cash

Rising inflation and the price increases that come with it may lead to the highest raise for senior citizens in decades.

The Senior Citizens League predicted Thursday that the annual cost-of-living adjustment for 2022 Social Security payments could be the highest since 1983. The prediction comes as federal data this week showed two major signs of inflation, continuing a trend that has worsened this year.

“The estimate is significant because the COLA is based on the average of the July, August and September CPI data,” said Mary Johnson, a Social Security policy analyst for The Senior Citizens League. “With one third of the data needed to calculate the COLA already in, it increasingly appears that the COLA for 2022 will be the highest paid since 1983 when it was 7.4%.”

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Farmers Cry Foul over Biden’s Death Tax Proposal

Woman with ball cap on, out in the fields of a farm

President Joe Biden has proposed amending the inheritance tax, also known as the “death tax,” but farmers around the country are raising concerns about the plan.

In the American Families Plan introduced earlier this year, Biden proposed repealing the “step-up in basis” in tax law. The stepped-up basis is a tax provision that allows an heir to report the value of an asset at the time of inheriting it, essentially not paying gains taxes on how much the assets increased in value during the lifetime of the deceased. This allows heirs to avoid gains taxes altogether if they sell the inheritance immediately.

Under Biden’s change, heirs would be forced to pay taxes on the appreciation of the assets, potentially over the entire lifetime of the recently deceased relative. 

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Study: Minnesota Marriage Penalty ‘Hurts Families and Businesses’

Wedding venue

A new report released Wednesday lists the states with a marriage penalty on citizens’ income taxes.

The Tax Foundation, a non-partisan policy think tank, lists 15 states that penalize couples for being married.

Minnesota is one of those states. North Dakota and Wisconsin join the state in punishing marriage.

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Critics Pan Biden Order Calling for Half of U.S. Vehicle Sales to Be Electric by 2030

Electric car being charged

A new executive order from the Biden administration has accelerated the timeline for electric vehicles and raised questions about the economic impacts of the transition away from gas-powered vehicles.

President Joe Biden signed the executive order Thursday aimed at making 50% of vehicles zero emission in the U.S. by 2030, an aggressive push toward electric vehicles. About 2% of new cars sold each year in the U.S. are currently electric, according to the Pew Research Center.

“The Executive Order also kicks off development of long-term fuel efficiency and emissions standards to save consumers money, cut pollution, boost public health, advance environmental justice, and tackle the climate crisis,” the White House said.

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Study: Democrats’ Capital Gains Tax Hike Could Cost More Than 745,000 Jobs

Chris Van Hollen

A new Democratic proposal to increase the capital gains tax could cost 745,000 jobs, a study published by the Regional Economic Models Inc. (REMI) projects.

The Sensible Taxation and Equity Promotion (STEP) Act, which would tax unrealized capital gains when heirs inherit assets, among other things, would have a “significantly negative impact” on the economy, including average job losses of 745,000 over 10 years, the report found.

The analysis, conducted for the Committee to Unleash Prosperity, found that sustained annual job losses from eliminating a tax benefit on appreciated assets known as the step-up in basis could eliminate between 537,000 to 949,000 jobs, with models predicting a base of 745,000 lost jobs through 2030.

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Rental Car Companies Across U.S. Struggle to Replace Diminished Fleets

Blue sedan during sunset at dealership in lot

The country is opening up and travel is increasing, but visitors are finding the rental car landscape a bit empty.

Rental car companies are continuing to have a hard time keeping up with demand after selling off fleets to stay afloat during the pandemic.

“The fundamental thing that’s causing it is the very rational corporate response to the pandemic and the almost shutting down of international and domestic travel for most of 2020 and the first half of 2021,” Gregory Scott, spokesperson for the American Car Rental Association (ACRA), told The Center Square. “Airport rentals dropped 70-90% in March and April of last year, and as a result there were literally tens of thousands of vehicles sitting unrented and unwanted because people stopped traveling.”

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Federal Reserve Chair: Inflation to be ‘Elevated for Months’

Jerome Powell

Federal Reserve Chairman Jerome Powell tried to calm lawmakers’ fears about rising inflation but also said it would probably remain elevated for months to come.

Testifying before Congress this week, Powell said the Federal Reserve was willing to step in to address the situation, but that inflation should level out next year.

“As always, in assessing the appropriate stance of monetary policy, we will continue to monitor the implications of incoming information for the economic outlook and would be prepared to adjust the stance of monetary policy as appropriate if we saw signs that the path of inflation or longer-term inflation expectations were moving materially and persistently beyond levels consistent with our goal,” Powell said in his prepared testimony.

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U.S. Supreme Court Rules Against NCAA on Payment for College Athletes

Paying college athletes has been a hotly debated topic for years, but now the U.S. Supreme Court has released a ruling on the issue.

A group of current and former student athletes brought the lawsuit against the National Collegiate Athletic Association, arguing that the organization violated antitrust laws when it prevented student athletes from accepting certain education-related benefits.

The case, filed in 2018, challenged the NCAA and the biggest conferences including the Pac-12, Big Ten, Big 12, SEC, and ACC. The Supreme Court ruled unanimously in favor of the students Monday, saying the NCAA could not deny those benefits, which could include things like “scholarships for graduate or vocational school, payments for academic tutoring, or paid posteligibility internships.”

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Migration Study Shows Big Cities Continue Losing Population During First Quarter

U-Haul truck

Americans in the first quarter of 2021 continued their 2020 pattern of moving from expensive, densely populated areas to warmer, more tax-affordable states, according to a new study from Updater Technologies.

Updater Technologies is an online platform that allows people to use a centralized hub for moving, including finding a moving company, connecting internet and utility services and updating their address. The company says the inbound and outbound data it uses is more reliable than tabulating mail forwarding forms because it captures fully completed permanent moves in real time. It also indexes cities and states based on population, since using raw numbers would skew toward the most populated areas based on sheer volume.

Out of roughly 300,000 household moves during the first quarter, only 16 states had a greater percentage of inbound moves than outbound: Nevada, South Carolina, Tennessee, Arizona, Florida, Texas, North Carolina, Colorado, Georgia and Maine.

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Businesses, Republicans Raise the Alarm over Biden Taxes

Local icecream shop with chalkboard menu

As President Joe Biden promotes his several trillion dollars in proposed federal spending, Republicans and small businesses are raising the alarm, arguing the taxes needed to pay for those spending plans are a threat to the economy.

The House Ways and Means Committee met Thursday to discuss infrastructure development and in particular the impact of proposed tax increases to pay for it. Rep. Kevin Brady, R-Texas, the ranking member on the committee, argued that only 7% of Biden’s proposed infrastructure bill goes to infrastructure and that raising taxes would incentivize employers to take jobs overseas.

“As bad as the wasteful spending is, worse yet, it’s poisoned with crippling tax increases that sabotage America’s jobs recovery, hurts working families and Main Street businesses, and drives U.S. jobs overseas,”  Brady said. “We cannot fund infrastructure on the backs of American workers.”

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Republicans Release Plan to Address Growing Inflation Under Biden Administration

High gas prices

Congressional Republicans grabbed headlines this week after releasing an aggressive budget they say would cut taxes and spending, but key measures in the plan also would address one of the country’s most serious economic problems.

The House’s Republican Study Committee released a budget that lays out several measures to deal with inflation, a growing concern among economists after the latest federal data showed a spike in consumer prices. Notably, the index for used cars and trucks rose 10%, the largest one-month increase since BLS began recording the data in 1953. Food and energy costs rose 0.9% in the month of April, prescription drugs rose 0.5%, and gasoline rose 1.4% during the same month. The energy cost index rose 25% in the previous 12 months.

Republicans on the committee say their plan would address concerns over inflation by balancing the budget within five years, thereby eliminating the need to monetize debt, a process where the federal government prints money to make payments on what it owes. The national debt has soared to more than $28 trillion and is expected to continue climbing under President Joe Biden’s new spending plans.

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Report: Three-Fourths of All 2019 Property Insurance Suits in U.S. Were Filed in Florida

In 2019, Florida homeowners accounted for 8.16 percent of the nation’s property insurance claims, but more than 76 percent of property insurance lawsuits lodged against insurers.

Pointing to this “disparity,” Florida Insurance Commissioner David Altmaier in a five-page April 2 letter to House Commerce Committee Chair Rep. Blaise Ingoglia, R-Spring Hill, outlined four proposals to reduce property insurance litigation.

Insurers cite rampant litigation, ballooning reinsurance costs, “loss creep” from 2017-18 hurricanes and coastal flooding as a “perform storm” of coalescing factors leading to double-digit property insurance rate hikes that Florida businesses and 6.2 million homeowners are seeing or will see when renewing policies.

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Poll: Support for School Choice Increases After COVID Shutdowns

Classroom full of kids, that are being read a book

After states shut down schools and forced families into virtual learning, parents and families found new ways to provide K-12 education to their children. While doing so, support for school choice options soared, a new poll from Real Clear Opinion Research found.

Among those surveyed, 71% said they support school choice, which is defined as giving parents the option to use the tax dollars designated for their child’s education to send their child to the public or private school that best serves their needs. Across all racial and ethnic demographics, an overwhelming majority expressed support for school choice: Blacks (66%), Hispanic (68%), and Asian (66 percent).

These results “were the highest level of support ever recorded from major AFC national polling with a sample size above 800 voters,” the survey states.

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Surveys: 46 Million People Can’t Afford Health Care, Majority of Hospitals Not Providing Pricing Transparency

Assorted color syringes.

An estimated 46 million people — or 18% of the country — would be unable to pay for health care if they needed it today, a recent poll conducted by Gallup and West Health found.

In another survey by the Texas Public Policy Foundation, the majority of hospitals in the U.S. have yet to comply with a transparency ruling implemented this year that would help patients shop around for the most affordable prices.

Gallup’s findings are based on a poll conducted between February 15 and 21 among 3,753 adults with a margin of error of 2%.

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Minnesota Bipartisan Bill Aims to Reduce Prescription Drug Costs

A bipartisan bill claims it would reduce the cost of prescription drug costs to save taxpayers a potential millions – if not billions – of dollars.

Sen. Michelle Benson, R-Ham Lake, held a Friday news conference with Rep. Mike Howard, D-Richfield, highlighting the bill

SF 2178 would allow the state to share bid information submitted by pharmacy benefit managers (PBMs) for public employee contracts. The reverse auction process incentivizes PBMs to compete against each other by submitting lower offers in bidding rounds to win a contract, which is meant to achieve cost savings without impacting the quality of state health benefit plans.

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Missouri House Sends Bill Clipping Health Officials’ Emergency Powers to Senate

A bill that would require local governments to approve extensions of public health emergency orders after 15 days is ready for adoption by the Missouri House.

House Bill 75, sponsored by Rep. Jim Murphy, was perfected Wednesday in a floor debate and awaits only a floor vote to be transferred to the Senate, where a raft of similar bills are matriculating in committees.

HB 75, which has already passed through the House Special Committee on Small Business and Rules – Legislative Oversight committees, would allow local public health officials to order a closure for no more than 15 days.

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Ohio Prosecutors Support Bill to Force Convicted Rioters to Pay for Damages

Last summer, millions of dollars in taxpayer money were spent in response to protests that turned violent throughout Ohio. A bill proposed in the Ohio Senate looks to make sure those responsible will pay for it.

Senate Bill 41, currently being discussed by the Senate Judiciary Committee, calls for restitution from those who are convicted of property damage during riots, including vandalism. The restitution would pay the expenses of police and emergency crews who have to respond to riots. The bill also allows the government to take possession of any property left behind by those who end up convicted.

State Senator Tim Schaffer, R-Lancaster, is sponsoring the bill. Lou Tobin, the Executive Director of the Ohio Prosecuting Attorneys Association, offered his support before the committee recently.

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