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Prices Are Now Starting to Rise because of Tariffs. Economists Say This Is Just the Beginning | News Channel 3-12

64% Center coverage: 11 sources

By Alicia Wallace, CNN (CNN) — Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come into America will deliver a taxing blow to consumers via higher prices. However, recent months’ economic data has shown that overall inflation has remained fairly tame. Trump and members of his administration tout the positive economic reports as signs that tariffs ar…See the Story

Will the US Be a Safe Harbor for AI — or a Roadblock?

100% Right coverage: 1 sources

Senator Ted Cruz wants a federal moratorium on state-level AI regulation, centralizing authority in Washington. But if the federal government takes control, who controls the bureaucracy that will decide which AI products get licensed — and which get banned? Back in 2023, OpenAI CEO Sam Altman warned the US Senate that artificial intelligence posed risks on par with nuclear weapons. In hindsight, those warnings sound less like public service and…Ted Cruz · Great Barrington See the Story

Buy Now, Pay Later Is Just Credit, Not a Crisis

100% Right coverage: 1 sources

In 2023, Americans used Buy Now, Pay Later (BNPL) services to finance over $100 billion in US retail transactions, up nearly fivefold since 2020. This surge has alarmed personal finance professionals and media commentators. Their concerns fall into two related categories. First, overall levels of consumer debt are rising. Second, the way these loans are designed and advertised — buy now, pay later — encourages consumers to take on more debt, inc…Economy · Great Barrington See the Story

The Real Debt Threat: Government Spending, Not Tax Cuts

100% Right coverage: 1 sources

Larry Summers recently claimed on X that Republican tax policies — specifically the One Big Beautiful Bill (OBBB) pushed by Trump and congressional Republicans — are a major reason why the US is headed toward a debt crisis. He even revived his favorite 40-year claim that “the economy performs better under Democratic presidents.” Let’s be blunt: that’s nonsense. Summers is ignoring the actual root of the crisis — runaway spending by both major pa…Economy · Great Barrington See the Story

Millennials Embracing Socialism because Unfettered Capitalism Failed Them

Coverage: 2 sources

From the ashes of “not real socialism,” a new generation rises again, promising the same thing. We know where the road leads.Millennials · United States See the Story

Will Gen Z Realize Its Future Runs on Fossil Fuels?

American innovation requires our energy sector to use all available resources, but Generation Z apparently wants to limit its potential. Pew Research Center discovered that 43 percent of Gen Z respondents support phasing out oil, natural gas, and coal. Climate change is their top concern, and any energy source that doesn’t (purport to) resolve it is scorned. Yet, by distancing the country from fossil fuels, Gen Z is weakening America’s ability to compete. Fossil fuels are vital for domestic economic stability, as they boost state revenue and public offerings. Internationally, energy dominance is crucial for safeguarding national security and shaping foreign policy objectives. Only a holistic approach to energy can unleash American brilliance and save Gen Z from the setbacks of canning fossil fuels. Resources for the Future found that, between 2015 and 2019, fossil fuels generated an average of $138 billion per year for US local, state, tribal, and federal governments.Innovation · Gaza Read Article

Will Gen Z Realize Its Future Runs on Fossil Fuels?

100% Right coverage: 1 sources

Reagan’s Trade Gamble: The Story Behind the Voluntary Export Restraints

100% Right coverage: 1 sources

Ronald Reagan deserves much praise for his stalwart commitment to free trade and lowering trade barriers. Even his most contentious policy—the Voluntary Export Restraint (VER) agreement with Japan—can be seen as a defense of free trade, once the context and Reagan’s limited options are understood. But was the VER agreement a success? Do Trade Restrictions Fuel Growth? New Right thinkers such as Oren Cass certainly seem to think so, claiming two …Trade · Great Barrington See the Story

How Racism Was Redefined—and Turned into a Political Cudgel

100% Right coverage: 1 sources

Joseph (Jake) Klein’s book Redefining Racism dives deep into a narrow slice of the history of the Social Justice Fundamentalism (SJF) movement: the redefinition of the term “racism.” He starts in 1960s Detroit, and traces the history through decades of SJF activists from Robert Terry to Robin DiAngelo, to describe how the term “racism” got redefined away from “racial prejudice or discrimination” and into “prejudice plus power.” The redefinition …Economy · Great Barrington See the Story

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Top thedailyeconomy.org News

Los Angeles joining federal lawsuit against immigration raids

U.S. inflation accelerated last month to 2.7%, highest level since February

Prices Are Now Starting to Rise because of Tariffs. Economists Say This Is Just the Beginning | News Channel 3-12

Will the US Be a Safe Harbor for AI — or a Roadblock?

Buy Now, Pay Later Is Just Credit, Not a Crisis

The Real Debt Threat: Government Spending, Not Tax Cuts

Millennials Embracing Socialism because Unfettered Capitalism Failed Them

Will Gen Z Realize Its Future Runs on Fossil Fuels?

Will Gen Z Realize Its Future Runs on Fossil Fuels?

Reagan’s Trade Gamble: The Story Behind the Voluntary Export Restraints

How Racism Was Redefined—and Turned into a Political Cudgel

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