A new rule put in place by the White House and the Bureau of Land Management has rocked the petroleum industry. Higher Rates to Drill on Public Land Oil and Gas companies are now required to pay more to drill on public land, among a number of other industry requirements recently introduced by the Biden … Read more
Among ongoing safety and security issues, the world’s foremost aircraft manufacturer is causing concern for some of the biggest airlines in the U.S. Boeing In Trouble Again? It’s blow after blow for Boeing, as the multi-national aircraft manufacturer faces a slate of safety concerns, security issues, compensation payouts, and pending lawsuits this year. Now, they … Read more
Chicago Mayor Brandon Johnson is back in the news this week after winning council members’ approval of his new plan to release $70 million to fund migrant services. Chicago Mayor Brandon Johnson’s Plan Approval In a 20-8 vote, Chicago Mayor Brandon Johnson won support for his plan, which had previously divided council members. Behind-the-Scenes Lobbying … Read more
A recent report by the United States Institute of Peace (USIP) stresses that the U.S. must improve its policies regarding critical minerals in Africa. The report suggests that the U.S. needs to strengthen its presence in African mining regions. It also advocates forming partnerships and making investments to reduce geopolitical risks. U.S. Reliance on Foreign … Read more
Denver’s recent Newcomer Operations and 2024 Budget proposal has prompted a major outcry against the city’s plans to defund the police in order to free up more money to cover the migrant crisis. Denver’s Budget Allocation for Undocumented Migrant Arrivals Sanctuary City Mayor Mike Johnston announced the new budget, which includes just under $90 million … Read more
“Mr Wonderful,” AKA Kevin O’Leary, has had some choice words to say about New York City’s new plan to charge people who drive into Manhattan. Let’s take a look at what he said. New York City’s Congestion Toll Program At the end of March 2024, New York City completed the final step in a fifteen-year-long … Read more
Governor of Ohio Mike DeWine has announced that he’s going to be directly tackling the childcare crisis that’s gripping the state in his State of the State address, alongside a whole host of other child-focused policies. DeWine’s Childcare Voucher Program The news with the biggest potential impact for thousands of families across Ohio is that … Read more
What was once an affordable treat is now slowly becoming an expensive luxury as coffee prices worldwide begin to climb, hitting new highs just this week. Let’s take a look at the whole story. Impacting Your Daily Brew Your coffee habit is sadly getting more and more expensive to maintain as global coffee prices soar. … Read more
At the start of 2024, the U.S. grappled with economic expansion and strong job growth but unexpectedly high inflation. This economic challenge is hurting the Federal Reserve’s target of a 2% inflation rate and leaving it with few options. 2024’s Economic Start The United States’ economic conditions at the start of 2024 initially showed signs … Read more
Boeing recently disclosed that they had wrongly classified $500,000 worth of personal trips for executive staff, amid ongoing problems for the company. Half a Million Undisclosed During an internal review, aviation giant Boeing admitted to spending $500,000 more on executive private jet flights than had been previously disclosed. Perks of the C–Suite Chief Executive David … Read more
A new forecast from UCF economist Sean Snaith – the director of UCF’s Institute for Economic Forecasting – has explored the future financial prospects of the sunshine state, and it seems as though things may be taking off. Florida’s Economic Outlook As we move into the winter of 2024, Snaith predicts that Florida’s economy will … Read more
President Biden’s Inflation Reduction Act (IRA) has caused a surge in green policies and a net boom for sustainable companies. Here’s a quick rundown of what’s been happening and where the sector could go from here. The Birth of the IRA In 2022, Biden announced the creation of the landmark IRA, a new federal law … Read more
During her week-long visit to China, U.S. Treasury Secretary Janet Yellen addressed escalating trade disputes, emphasizing the need to curtail excessive Chinese manufacturing and safeguard American interests from an influx of Chinese imports. Her remarks underscored President Biden’s commitment to preventing past economic setbacks caused by unfair trade practices. Yellen’s Diplomatic Effort During her recent … Read more
Southeast Asia is full of diverse cultures, economies, and geopolitical affairs. Recent surveys by the ISEAS-Yusof Ishak Institute have revealed shifting perspectives among Southeast Asian nations towards major global powers like the United States and China. Studies Show Changing Views Toward Major Powers New surveys by the ISEAS-Yusof Ishak Institute reveal shifting opinions among Southeast … Read more
Last year, Costco made the unusual decision of selling gold bars in its online store, and customers are flooding in to grab a few for themselves. Golden Decision Pays Off Last year the retail chain Costco made the unusual marketing move of selling gold bars to their customers. Now, it looks like the decision is … Read more
The U.S. government has pledged significant funds to Taiwan Semiconductor Manufacturing Company (TSMC) as a strategic initiative to enhance domestic chip production, address national security concerns, and foster a consistent supply of crucial microchips, thereby stimulating economic growth in the country. Biden’s Plan for U.S. Semiconductor Production President Biden has a bold plan to revive … Read more
As the global economy becomes increasingly interconnected, Chinese investment in American companies is expanding at an alarming rate. But what happens when iconic U.S. brands fall under foreign control? Here’s a deeper look into how Chinese ownership is quietly reshaping the landscape of American business, sparking concerns about influence and autonomy in the corporate world. … Read more
Gary Shilling, a famous financial analyst, foresees storm clouds gathering over the U.S. economy. The country has avoided an economic downturn so far, but there are warning signs of potential issues. The job market situation will likely play a major role in determining the nation’s economic future. Small Business Woes Small businesses often raise red … Read more
Economic relations between the U.S. and China are an intricate mix of competition, cooperation, and careful maneuvering. Janet Yellen, the U.S. Treasury Secretary, discussed a number of crucial issues, including manufacturing capacity and clean energy, during her China visit, sparking debates on both sides. Focus on Economic Diplomacy Statements from the U.S. and China highlight … Read more
Tensions in the Middle East have escalated, leading to a surge in oil prices to five-month highs. Concerns over a potential conflict between Israel and Iran fuel this rise. Investors are preparing for the impact on inflation and interest rates. Oil Prices Rise, Shaking Global Markets Oil prices have recently spiked due to rising tensions … Read more
