Economy

President Biden and Democratic Party leaders are trying to take credit for seeding the next generation of innovations in the information technology sector. Crowing about their latest industrial policy, the CHIPS and Science Act, Senator Schumer stated that “the federal government [is] taking back the reins, putting money where its mouth is ...

There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth. At issue is Nippon Steel’s offer to purchase U.S. Steel for $14.9 billion – a surprisingly ...

Much of the resistance to Julie Su’s nomination as secretary of the Department of Labor has been based on her record as California’s labor commissioner—in particular, her role in the state’s effort to outlaw gig work. Her patrons have deflected the criticism as if it were baseless. But almost a year ...

There are nearly 400 bank branches in the city of Los Angeles, according to one source. Another says there are about 325 branches and 63 banks. Whatever the true number is, it doesn’t seem the city is underserved, especially in an era in which banks don’t even have to have ...

Alleviating the long-term burdens created by tort abuse should be a top priority regardless of the economic outlook. Considering our current economic struggles, however, the benefits from effective tort reform are more important than ever. The inflationary surge that began in mid-2021, even if it is ending, has left far ...