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Top thedailyeconomy.org News

Judge deems Trump's National Institutes of Health grant cuts illegal
US Politics · United States

Judge deems Trump's National Institutes of Health grant cuts illegal

56% Center coverage: 184 sources
A federal judge in Boston on Monday said the termination of National Institutes of Health grants for research on diversity-related topics by President Donald Trump's administration's was "void and illegal," and accused the government of discriminating against minorities and LGBT people.See the Story
Fed holds key rate steady, still sees two more cuts this year
Federal Reserve · United States

Fed holds key rate steady, still sees two more cuts this year

55% Center coverage: 150 sources
The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead, and still pointed to two reductions later this year. With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a range between 4.25%-4.5%, where it has been since December.See the Story
Dollar hits 3-year low on report Donald Trump could pick next Federal Reserve chair early
Federal Reserve · United States

Dollar hits 3-year low on report Donald Trump could pick next Federal Reserve chair early

48% Center coverage: 52 sources
The dollar weakened to a three-year low on Thursday after a report that Donald Trump was considering nominating the next Federal Reserve chair early, due to the US president’s frustration at the slow pace of interest rate cuts. The US currency fell 0.6 per cent against a basket of its trading partners including the pound and the euro, hitting a level last reached in early 2022.See the Story

Arthur Saginian | A Definition of Politics

100% Right coverage: 2 sources
In his April 9 column, Gary Horton’s monologue on President Donald Trump’s concept of global affairs went against nearly everything we were taught about world politics by (our political science professor) at College of the Canyons.  According to our political science professor, politics is the struggle for the allocation of limited resources, as in who gets what, how much, and why. We live in a world of limited resources, Mr. Horton, and that me…Donald Trump · Great BarringtonSee the Story

U.S. Dollar’s Decline Has Room to Run, but AI Boom Could Stop It

50% Right coverage: 4 sources
Investors betting on U.S. AI leadership could soften the blow of waning dollar dominance, allowing America to go from “hyper exceptional to merely exceptional.”Economy · United StatesSee the Story

SALT in the Wound: How Tax Deductions Reward Fiscal Irresponsibility

100% Right coverage: 1 sources
On May 22, Donald Trump celebrated the House’s passage of HR1 , proclaiming THE ONE, BIG, BEAUTIFUL BILL has PASSED the House of Representatives! This is arguably the most significant piece of Legislation that will ever be signed in the History of our Country! Incredibly, the actual formal name of the bill, in the legislation itself, is “The One Big Beautiful Bill” Act. Unsurprisingly, the bill is now often called the “OBBBA.” It’s hard to know…Economy · Great BarringtonSee the Story

Nazis Teach Us How to Defeat Them

The late Peter Drucker is considered the father of modern management theory. Born in Vienna, he was a young lecturer at Frankfurt University early in Hitler’s regime. In his book Adventures of a Bystander (retold in Life in the Third Reich), Drucker recounts the initial Nazi-controlled faculty meeting at Frankfurt University, which occurred shortly after Hitler’s rise to power in 1933. Drucker sets the stage: “Frankfurt had a science faculty dis…Economy · Great BarringtonRead Article

Mayday! Mayday! We Have Abuse of Emergency Powers

100% Right coverage: 2 sources
Despite being a proud member of the University of Virginia School of Law Class of 1992, I’m an economist, not a lawyer. Yet had I chosen upon receipt of my JD degree to “do law” rather than return to teaching economics, I certainly would have steered clear of constitutional law. Mastering the subtleties of that branch of jurisprudence requires a mind more supple than my own. Still, one need not be a Randy Barnett, Richard Epstein, or attorney fo…Elon Musk · United Arab EmiratesSee the Story

Should Economists Rule the World?

100% Right coverage: 1 sources
What would a world ruled by economists look like? Paul Krugman thinks that in such a world, there would be no need for the World Trade Organization, because all countries would understand that trade is mutually beneficial. Regardless of what others did, each country would follow the principles of free trade. And today, we see this idea of economists in power reflected in reality: Mark Carney, an economist who served as the central banker of two …Javier Milei · Great BarringtonSee the Story

The Techno-Industrial Policy Playbook Isn’t Conservative — It’s Central Planning

100% Right coverage: 1 sources
The Techno-Industrial Policy Playbook, published by American Compass, The Foundation for American Innovation, The Institute for Progress, and New American Industrial Alliance (NAIA) Foundation, is being sold as a bold new blueprint for American renewal. It proposes that the federal government directly invest in politically chosen “strategic sectors,” led by a National Investment Council and a presidential Chief Investment Officer. The message is…Economy · Great BarringtonSee the Story

Chinatown, Uptown business owners worry about tariffs as Trump’s trade war continues

The turmoil of tariffs has been painful for Chicago businesses that rely on China, which is the main target of President Trump’s trade wars. The businesses who are especially hurting include those in Chinatown and Uptown, two neighborhoods with large Asian communities. Spencer Ng owns Triple Crown, a 200-seat restaurant in Chinatown that his mother founded in 1996. In April, after Trump ordered 145% tariffs on China, some of Ng’s vendors raised …Donald TrumpSee the Story

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