After two years of internal discussions, public hearings, and collaboration with stakeholders, California’s reparations task force presented its final report of recommendations to the Legislature June 29. The 1,100-page, 4-inch document discusses policy recommendations for the Legislature to consider, and while no specific dollar amounts are proposed, formulas for calculating harms and repairs are included…
California’s Reparations Task Force Demands Action, Presents 1,100-Page Final Report to Governor, Legislature
June 29, 2023
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Banks Pass Fed Stress Test With Mixed Outlook for Higher Payouts
June 29, 2023
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The top U.S. banks all passed the Federal Reserve’s annual stress test, which is closely watched by the financial industry, which brought much relief to investors. The 23 financial institutions subject to the Fed’s annual bank stress test were expected to pass with little issue. The assessment was a major hurdle towards paying billions of dollars to…
Bipartisan Lawmakers Visit Taiwan Amid Heightened China Threat
June 29, 2023
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Only days after adopting a proposed $886 billion Fiscal Year 2024 defense budget focused on countering China’s growing military threat in the Western Pacific, key House Armed Services Committee members are returning to the United States after completing three days of unannounced conferencing with officials in Guam, Taiwan, and the Philippines. Committee chair Rep. Mike…
How Supreme Court’s Major Gerrymandering Ruling Could Impact Republicans
June 29, 2023
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The U.S. Supreme Court on Monday dismissed a Republican effort to defend a Louisiana electoral map that was challenged as discriminatory. The ruling could lead to the creation of a second majority-black congressional district in the state. We speak to Epoch Times contributor Matthew Vadum on the impact this could have on the House of…
[PREMIERING 7:00PM ET] Supreme Court Issues Major Win for Common Sense
June 29, 2023
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Affirmative action took a major blow Thursday. The Supreme Court ruled that universities can no longer give preferential treatment to black students over other races—or preferential treatment to any race, for that matter. It will bring back a degree of “colorblindness” where the color of a person’s skin can no longer be used as a…
ANALYSIS: Colleges Likely to Seek Workarounds in Aftermath of Ban on Affirmative Action
June 29, 2023
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The admissions process at many American colleges and universities may be dramatically altered after the June 29 Supreme Court ruling that overturns the practice of broadly applying racial considerations in the selection of incoming students. The 6–3 ruling in Students for Fair Admissions, Inc. v. President and Fellows of Harvard College upends the longstanding practice…
Stagnant Population, Shrinking Economy Bode Ill for Michigan’s Future, Studies Warn
June 29, 2023
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Michigan’s Democrat Governor Gretchen Whitmer’s potential place on her party’s presidential ticket may be threatened after a pair of studies showed her state is in population and economic freefall. After her easy reelection in November 2022, Whitmer has been talked about as a possible replacement for Vice-President Kamala Harris or as a strong candidate for…
‘Bidenomics’ Is Essentially Interventionism: Samuel Gregg
June 29, 2023
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President Joe Biden gave a speech in Chicago about his economic policies—also known as “Bidenomics.” He touted his approach as a break from trickle-down economics, and claimed that the U.S. economy is on the upswing. But looking more closely at his policies, it seems like “Bidenomics” is essentially interventionism. We speak to Samuel Gregg, Distinguished…
‘Unsustainable’ Health and Retirement Spending Will Hurt Government Finances: Tax Policy Center
June 29, 2023
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The Tax Policy Center has criticized the recently passed bipartisan debt deal for failing to cut down government spending in health care and Social Security programs, warning that the country’s finances could go haywire in the future without reforms in these categories. “This budget agreement failed to touch the major items of spending growth, health…
Supreme Court Rules for Christian Postal Worker
June 29, 2023
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The Supreme Court unanimously ruled on June 29 that a lower court applied the wrong standard in a case about whether the U.S. Postal Service violated the constitutional rights of an evangelical Christian mail carrier when the agency refused to accommodate his wish not to work on the Sunday Sabbath. The court raised the legal…
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