The Biden administration hopes to assuage European economic fears over green energy subsidies in the Inflation Reduction Act. The European Union is concerned that the law gives tax credits on certain electric or hybrid vehicles built in North America, excluding those made in the EU. This has the potential to start a green energy subsidies war
You could be excused for believing that everything is going to hell. We are living through a tumultuous time, and the next two years are going to be especially difficult with severe disruption to supply chains, runaway inflation and, worst of all, food shortages in much of the world. But it also may be a
A country incapable of providing for itself isn’t much of a great power. To ensure America stays strong for generations to come, we need to bring production of goods essential to our national security back home. That starts with re-shoring rare earth manufacturing. For some, “industrial policy” is a dirty term associated with planned economies.
The U.S. cost of living surged 8.5% over the past 12 months, the fastest one-year increase in more than 40 years, driven by skyrocketing gas, food and housing prices, new government data shows. And consumers in the Phoenix area have been seeing even sharper increases – while March numbers are not yet available for the
For the last two decades, America’s political and economic elite have talked eagerly of “globalization.” But now the tide has turned. Suddenly, everybody is talking about “deglobalization.” Deglobalization means focusing on making things here at home in America. It means reducing our dependence on hostile powers such as China for strategic goods. It means not
There is a rough road ahead for the world, and our political class isn’t leveling with us. As Steve Odland, president and CEO of The Conference Board, one of the nation’s premier business research organizations, said in a television interview, inflation will continue at least until 2024, and longer if things continue to deteriorate with the