Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
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opinion
The Case for Capitalism
I’ve failed! I make the case for free markets … young people elect socialists! What are they thinking? Do they even think? Do they pay any attention to history? Or economics? Socialism always fails. Only markets create environments that let people prosper. “Getting the right environment—this country’s done it better than anyone else,” says Steve… -
opinion
Cracker Barrel and Its Shadow
One of Aesop’s best-known and most-beloved fables is the story of “The Dog and the Shadow,” which goes like this: “It happened that a Dog had got a piece of meat and was carrying it home in his mouth to eat it in peace. Now on his way home he had to cross a plank… -
news
US Bars Imports From 43 More Companies Over China’s Alleged Forced Labor Involving Uyghurs
REUTERS—The United States on Friday banned imports from 43 more companies over alleged human rights abuses of Uyghur and other minority groups, including Hunan Aihua Group, one of China’s largest capacitor manufacturers, according to a government posting. The companies were added to the Uyghur Forced Labor Prevention Act Entity List, which restricts the import of goods… -
news
Space Innovation Continues: Duffy Removes Barriers for Rocket Launches
Department of Transportation Secretary Sean Duffy announced this week that the Federal Aviation Administration launched a new initiative to “streamline commercial space licensing.” The decision removes barriers for companies like SpaceX and Blue Origin to further advance space exploration. “America won the first Space Race, and we can do it again—but only if we get… -
news
ABC Complains of ‘Retaliation’ by Trump Administration
WASHINGTON, July 30 (REUTERS)—Walt Disney-owned ABC said on Thursday that the Federal Communications Commission’s threat to revoke the network’s broadcast licenses is part of an unprecedented campaign of intimidation over broadcast content the Trump administration dislikes. ABC said that the Trump administration agency’s nearly unprecedented decision to order an early license review of the eight… -
news
SCOOP: The New Ban Hawley Wants After Fauci’s Senate Appearance
Sen. Josh Hawley, R-Mo., is set to announce legislation to bar all federal employees from soliciting cash prizes while they are in office. The announcement follows the senator grilling Dr. Anthony Fauci about the millions of dollars he pocketed while allegedly contributing to the spread and cover-up of the COVID-19 pandemic. “No federal bureaucrat should… -
analysis
The Data Center Question: What Will the Impacts Be for Georgians?
Recently, Georgians across the state have expressed concerns over the potential for new data centers to be built in their communities. Examples include a $20 billion project being discussed in Effingham County. Massive development projects raise many bipartisan issues, including the possibility of tax hikes and higher water and electricity costs. “It’s easy to say… -
news
EXCLUSIVE: Texas AG Paxton Targets DEI, ESG in Shareholder Advisory Firm Lawsuit
Texas Attorney General Ken Paxton brought a lawsuit against one of the world’s largest investment advisers, alleging it pushes an ESG agenda, an acronym for environmental, social, and governance. The lawsuit names the San Francisco-based Glass Lewis, a firm that advises more than 1,300 investment managers, and says its clients manage $40 trillion across 100… -
opinion
JD Vance Is Right: American Homelessness Is ‘Third World’
This month on “The Joe Rogan Experience,” Vice President JD Vance discussed Israel, Jeffrey Epstein, and aliens, topics that have lit up public conversation. Largely overlooked, however, were his thought-provoking remarks about America’s homelessness crisis, which highlight the harmful results of present policies in some of our largest cities and the need to enact new… -
opinion
Facing a Lawsuit, Airbnb Finds Room for Its Principles
For a while there, Airbnb seemed bent on taking a vacation from its principles. Happily, a federal lawsuit has driven home to the company the importance of honoring its stockholders. The lawsuit has prompted Airbnb to rethink and reverse its actions from a year ago, when the company refused to include two legitimate shareholder resolutions—both filed before… -
opinion
The Trump Administration Is Making Sure America’s Safety Net Is for Americans
For at least 30 years, the American welfare state has become a global magnet for immigrants, both legal and illegal, despite longstanding law to prevent exactly that. Since the late 19th century, federal law has barred any immigrant likely to become a public charge from entering the country. In 1996, with bipartisan support, Congress declared… -
opinion
Why Would Congress Want to Punish People for Their IRA Savings?
Sen. Ron Wyden, D-Ore., and Rep. Richard Neal, D-Mass., rolled out the Retirement Fairness for Working Americans Act this week, and the name alone tells you how Washington sells a bad idea. There is nothing fair about capping retirement accounts and forcing selloffs on people who did exactly what the tax code told them to… -
news
‘Ghost Students’ Defrauded Utah Taxpayers of Almost $1 Million
According to a recent report from the Utah legislative auditor general, the state’s higher education system lost over $830,000 in recent years to “ghost students” who apply to receive financial aid and run off with the money without pursuing a degree. “Institutions reported disbursing $834k to suspected fraudulent applicants and spending over 15,000 hours working… -
opinion
The SEC Moves to Repeal Its Ridiculous Climate Disclosure Rule
The Securities and Exchange Commission recently introduced a proposal to rescind its 2024 rule requiring companies to report extensive data on climate change, a much-needed move that will benefit Americans. Everyday citizens can and should use the SEC’s rulemaking portal to comment in support of this proposal. But first, it is worth revisiting the 2024… -
news
Trump-Backed Budget Skims Past House
The House of Representatives on Wednesday passed a concurrent budget resolution package, that sets the framework and instructions for what has been dubbed Reconciliation 3.0. The $95 billion framework would provide new spending for the military, intelligence and agriculture. The package also contains the SAVE America Act, a key legislation that would require proof of… -
news
The House Bans Insider Trading and Passes Voter ID
Congress just passed two major Republican efforts in one bill. The Stop Insider Trading Act, meant to stop members of Congress from profiting from the stock market based on insider knowledge, included the SAVE America Act. The legislation passed Wednesday evening, 232-198, with 13 Democrats joining Republicans to pass it. The Stop Insider Trading Act… -
news
Congress Wants to Overturn This SCOTUS Ruling
Earlier this year, the Supreme Court protected pesticide companies, ruling that they are protected from liability even if they leave off a warning label. A new bipartisan bill hopes to change this and hold manufacturers accountable. Rep. Anna Paulina Luna, R-Fla., joined a bipartisan group of members of Congress on Tuesday to introduce the Americans… -
opinion
Keep Chinese Humanoid Robots Out of US Markets
The United States is about to import the next generation of surveillance technology—not in the form of apps or routers but embodied in humanoid robots built by Chinese companies. These machines could become the next frontier of Chinese Communist Party surveillance, and Washington shouldn’t let them flood the U.S. market. Humanoid robots are programmed to… -
opinion
Socialism, Federalism, and the Future of the Electoral College
In the early 20th century, two of England’s intellectual giants engaged in a series of debates. Playwright George Bernard Shaw was the resident apologist for income redistribution and central planning. G.K. Chesterton, a Catholic writer, argued in favor of property rights and the decentralization of political power. “I found they were utterly insensate and grotesque,” Shaw… -
news
Trump Administration USPS Wins Key Court Fight Over Mail-In Ballot Oversight
The Trump administration scored a partial court victory on election integrity in a case involving mail-in ballots and voter rolls. A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit on Friday paused a lower court ruling against a U.S. Postal Service rule that conditioned delivery of mail-in ballots on…