Bud Light’s weekly sales have continued to drop following its marketing connection with a transgender influencer in April, while four of its rivals are seeing increases, according to recent data. For the week ending on July 15, the Anheuser-Busch-produced light beer saw its sales tumble about 26.1 percent year-over-year, according to data provided to news…
These Beer Brands Are Eating Up Bud Light’s Business Amid Dylan Mulvaney Backlash
FTC’s Khan Doubles Down on Banning Non-Compete Agreements, Fighting Junk Fees
July 24, 2023
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Business & Marketseconomic policiesFederal Trade Commissionjunk feesLina KhanPolicies & ImpactsPoliticsUS
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Federal Trade Commission (FTC) Chair Lina Khan doubled down on the agency’s proposal to eliminate non-compete clauses from employment contracts and fight junk fees. The FTC in January released a proposal to prohibit non-complete clauses—a provision that prevents workers from leaving the firm to join a rival company within a specified period—that they say would…
FTC’s Khan Doubles Down on Banning Noncompete Agreements, Fighting Junk Fees
July 24, 2023
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Business & Marketseconomic policiesFederal Trade Commissionjunk feesLina KhanPolicies & ImpactsPoliticsUS
0 Comment
Federal Trade Commission (FTC) Chair Lina Khan doubled down on the agency’s proposal to eliminate noncompete clauses from employment contracts and fight junk fees. The FTC in January released a proposal to prohibit noncompete clauses—which prevent workers from leaving a company to join a rival company within a specified period—in an effort to bolster wages,…
Biden Administration Sued Over Alleged Harms of Biofuel Production
The Environmental Protection Agency’s (EPA) biofuel program is doing more harm than good by killing endangered species, according to a federal lawsuit against the Biden administration. The lawsuit (pdf), filed in mid-July at the D.C. Circuit Court of Appeals by the Center for Biological Diversity (CBD), challenges the EPA’s fuel-volume requirements for corn ethanol and other…
Germany Challenges China
July 24, 2023
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Business & MarketsBusiness ColumnistsChancellor Olaf ScholzChinaespionageGermanyOpinionThinking About Chinathreat
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Commentary Berlin has revised its approach to Beijing, replacing its once accommodating and sympathetic posture with something more wary and hostile. Washington, no doubt, will claim that Germany has followed America’s lead in making a similar change. But given Berlin’s comprehensive approach, the product of considerable compromise, the Germans seem to have taken the lead, much…
Will the Yuan Replace the Dollar?
July 24, 2023
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belt and road initiativeBusiness & MarketsBusiness ColumnistsChinese YuanOpinionthe Chinese Communist Party (CCP)Thinking About ChinaU.S. dollar
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Commentary With the International Monetary Fund (IMF) now allowing countries to pay dollar-denominated debt in the Chinese yuan, what does that mean for the U.S. dollar? It’s no secret that both the Chinese and the Russians and many other countries want to downgrade the dollar’s influence and even de-dollarize global trade. That’s certainly happening, and…
UPS and Teamsters Union Agree to Resume Labor Talks This Week
United Parcel Service agreed to resume labor talks with the International Brotherhood of Teamsters this week to avoid a strike that could disrupt supply chains and harm the economy. The package-delivery service will again start labor talks with the union, which represents 340,000 employees, on July 25, ahead of the looming strike. Labor negotiations broke…
Seller Inflation Is a Myth Created by Statism
Commentary Interventionists always blame inflation on everything and anything except the only thing that makes aggregate prices rise: issuing more units of currency than the real demand. Seller inflation is the same excuse and fallacy as cost-push inflation. A way to confuse citizens and assign causation to something that cannot make aggregate prices rise. Let…
Judge Orders Montana Health Clinic to Pay Nearly $6 Million Over False Asbestos Claims
BILLINGS, Mont.—A health clinic in a Montana town plagued by deadly asbestos contamination must pay the government almost $6 million in penalties and damages after it submitted hundreds of false asbestos claims, a judge ruled. The 337 false claims made patients eligible for Medicare and other benefits they shouldn’t have received. The federally funded clinic…
How to Use a Gold IRA for Long-Term Wealth Preservation
Most people looking to preserve their wealth don’t venture past traditional investments like stocks, bonds, and mutual funds. However, for those who want to establish strong financial futures, a gold IRA or individual retirement account (IRA) is a worthwhile investment to consider. This self-directed IRA allows you to grow your wealth and diversify your portfolio…
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