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The Latest Breaking News from Michael Strain

Harris Scales Back Harmful Price Control Proposal

The narrower version put forward by her campaign is still bad, but much less so than the much broader one floated earlier.

Reason

What is 'price gouging' and why is VP Harris proposing to ban it?

Vice President Kamala Harris has proposed a ban on “price gouging” by food suppliers and grocery stores, as part of a broader agenda aimed at lowering the cost of housing, medicine, and food

The Independent UK

US Business Leaders Start To Rally Around Republican Candidate Nikki Haley

A growing number of US business leaders are rallying behind former South Carolina governor Nikki Haley as the Republican Party's presidential hopeful, seeing her as more stable than rival Donald Trump, and more favorable to business interests than incumbent Joe Biden.

International Business Times

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AI will create more jobs than it destroys: think tank director

The media is full of prognostications that artificial intelligence will erase many of our jobs through automation.

The Street

Lots of sound and fury on US debt, but not a crisis — yet

For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point

The Independent UK

Michael Hiltzik: The US economy is again being held hostage to our ridiculous federal debt ceiling

The individuals in charge of U.S. fiscal policy are often thought to be among the most sober people in the world, so you may be wondering why we're suddenly hearing ideas such as the minting of a trillion-dollar platinum coin or selling $100 face-value Treasury bonds for $200.

Los Angeles Times

Subsidies To Help Workers Would Hurt Poor People

Some people would benefit. Others would lose money or be rendered unemployable.

Reason

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EXPLAINER: How do we know when a recession has begun?

The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended

The Independent UK

A Bezos-Biden squabble: Can corporate taxes tame inflation?

Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet by President Joe Biden about corporate taxes as “disinformation” and “misdirection.”

People

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