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...
WASHINGTON, July 14 (Reuters)—U.S. consumer inflation slowed more than expected in June, but that will probably offer little comfort to households or rule out an interest rate increase from the Federal Reserve this year, with the conflict in the Middle East still unresolved. The consumer price index increased by a still-high 3.5% in the 12...
Three relatively recent events arguably serve as the most prominent landmarks for the dramatic shift in corporate governance we are currently witnessing. First, after roughly 100 years of essentially unchallenged dominance, Delaware’s role as the undisputed home of corporate charters ran into an iceberg in the form of Elon Musk. On Jan. 30, 2024, a...
A new bipartisan bill is set to be introduced in the Senate next week as the federal government steps in to protect college sports, athletes, fans, and women’s sports. Congress is acting with the first governance and revenue bill of its kind. The Senate Commerce Committee, chaired by Sen. Ted Cruz, R-Texas, announced it has...
Are investors in “passive” index funds being misled about how shares held in those funds are being voted? After providing some relevant background below, I argue that failing to properly disclose the active voting of passive fund shares could violate consumer protection provisions, anti-fraud provisions, or other related provisions covering deceptive practices. When it comes...
Young people now blame capitalism for poverty, racism, high prices, even climate change. They listen to people like Rep. Alexandria Ocasio-Cortez, D-N.Y., who says, “Capitalism … is the absolute pursuit of profit at all human, environmental, and social cost. That is not a redeemable system.” Give me a break. Yes, capitalism is often ugly. It...
THE DAILY CALLER NEWS FOUNDATION—Energy Secretary Chris Wright deflected when asked by “Meet the Press” host Kristen Welker about when gas prices would start to drop. The average price of a gallon of gas in the United States on Sunday was $4.52, according to AAA, up over $1.50 from $2.98 on Feb. 26, days before the start...
Most people live for the weekend. Whether a student waiting for that last Friday bell to ring or a businessman finishing up his last meeting of the week, human beings desire to be freed from work. The most extreme form of this might be the way that many people long for retirement, a time when,...
New York City Mayor Zohran Mamdani intends to keep one of his most controversial campaign promises: city-owned grocery stores. In his 100-day address on Sunday, he announced the city’s first socialist supermarket will be up and running in East Harlem in 2027. The only thing slower than Mamdani opening the store next year will be...
As Americans grapple with painful prices at the pump amidst a global oil crisis, some Alaskan lawmakers seem intent on making that pain even worse. The 49th state is debating a tax increase on certain oil and gas companies, a measure that will make energy even more expensive and chill investment. The state Senate shoehorned...
The GOP is keeping tax policy in the headlines with a successful Tax Day, as Americans can expect an average $3,000 refund. Members are now looking ahead to how they can continue to be the party of “working Americans.” During a press call about President Donald Trump’s One Big Beautiful Bill Act—now commonly referred to as the...
FIRST ON THE DAILY SIGNAL—A consumer advocacy organization is asking the House Oversight Committee to examine whether major insurance companies are allowing wokeness to shape business decisions. Consumers’ Research President Will Hild wrote a letter to Chairman James Comer, R-Ky., claiming that large insurers are “leveraging their market power, corporate governance practices, and public-facing programs to...
