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Friday, April 4, 2025

FINANCE

Solar Panel Tariffs Will Test Biden’s Loyalty to Chinese & American Manufacturers

The Biden administration will soon have to decide whether to appease China and climate change activists or to protect American manufacturing jobs. Early next year, import tariffs on solar panels will expire. Climate change activists want the Biden administration to let the tariffs lapse so that China can sell cheap solar...

Woke EPA Raises Vehicle Mileage Standards to 40 MPG, Driving Up Car Costs

(Headline USA) In a major setback for the auto industry, already kneecapped by crippling inflation, the Biden administration is raising vehicle mileage standards, reversing a Trump-era rollback that loosened fuel efficiency standards. A final rule issued Monday would raise mileage standards starting in the 2023 model year, reaching a projected...

Effort to Curb China’s Uyghur Slavery Finds Rare Bipartisan Support

(Headline USA) Senators gave final congressional approval last week to a bill barring imports from China’s Xinjiang region unless businesses can prove they were produced without forced labor, overcoming initial hesitation from the White House and what supporters said was opposition from corporations. The measure is the latest in a...

Bidenflation Costs Families Around $3,500 This Year

(The Center Square) A new report estimated the annual cost of elevated inflation this year will be around $3,500 per household. The Wharton School of the University of Pennsylvania, one of the nation’s leading business schools, released the report, which estimated much higher costs for American families because of inflation...

Biden Admin Using Phony Data to Cover Up Worsening Calif. Port Crisis

Despite claims by the Biden administration that the log jam at Port of Long Beach is getting better, new data suggest that, in fact, it’s getting worse, with longer wait times and less cargo being transferred onshore. The administration is using one set of numbers, while geo-data tracking software says...

Sen. Kennedy Warns Against Proposed SBA Direct Lending Program

(William Patrick, The Center Square) U.S. Sen. John Kennedy is trying to stop an effort to allow the U.S. Small Business Administration (SBA) from making direct government loans through its 7(a) lending program. The 7(a) program provides up to $5 million for eligible borrowers to spend on real estate, short-...

Fed Aims to Rein in Biden Inflation by Inflicting More Pain for Consumers

(Headline USA) For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates. That proved to be a serious miscalculation as Democrats incentivized joblessness through overly generous welfare...

Christmas Catalogs Keep Coming, Despite Major Postage Hikes

(Associated Press) A big postal rate increase over the summer hasn’t stopped catalog retailers from stuffing mailboxes this holiday season. The U.S. Postal Service says more than 300 million catalogs flooded into people’s mailboxes last month, and the overall number of catalogs has grown 12% over last year, officials said. The...

New Venture in Nebraska May Help US Compete w/ China in Rare-Earth Mining

The company working to build a mine in southeast Nebraska to extract a rare element used to make steel lighter and stronger said Tuesday that it may also be able to produce some of the key ingredients needed to make the powerful magnets used in electric vehicles and other...

GOP Sens. Ask Biden to Stop Vax Mandate for Cross-Border Truck Drivers

(Kim Jarrett, The Center Square) North Dakota U.S. Sens. John Hoeven and Kevin Cramer and other U.S. senators are asking President Joe Biden to halt a COVID-19 vaccination mandate for truck drivers crossing the U.S.--Canadian border. Biden's mandate would affect all essential, nonresident workers crossing the U.S. borders by land. Unless...

Retailers Blame Lax Online Vendors for Smash-and-Grab

Large retailers are calling on Congress to pass legislation that would make it tougher for criminals to sell goods stolen from smash-and-grab robberies anonymously through online retailers, said the Washington Post. “In a letter signed by the chief executives of 20 retailers---including Best Buy, Target, Nordstrom, Home Depot and Dollar...

UPDATE: Labor Advocates Bash Starbucks after Store Votes Not to Unionize

Pro-union activists pounced to attack coffee franchise Starbucks after the company appeared to have successfully staved off a challenge over a New York store's recent vote to unionize. Although one store did vote to do so, and appears poised to move forward on those plans, a second Buffalo location had...
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