Virginia Joins State Attorneys General to Challenge Financial Service Providers ESG Alliance

Twenty-three attorneys general, most recently including Virginia’s Jason Miyares, have banded together to challenge the Net Zero Financial Service Providers Alliance’s (NZFSPA) commitment to a net-zero future by 2050, saying that the alliance may violate state and federal antitrust and consumer protection laws. 

The alliance is a global group of 21 heavy-hitting financial services corporations, including BDO, Bloomberg, the Big Four and S&P Global, that have jointly committed to operating by the terms of the Paris Agreement and achieving its goals. 

Read the full story

Ohio Governor DeWine Aims to Double Sports Betting Tax Rate in Proposed Budget

Ohio Governor Mike DeWine is attempting to double the tax rate from 10 percent to 20 percent just over a month after sports betting became legal in the state. This increase is part of his biennial executive budget plan for the 2024–2025 fiscal years.

The budget doubles the tax on sports wagering that casinos and teams operating mobile sportsbooks must pay. A Bloomberg Tax analysis shows that the tax is just a little bit higher than the average 19 percent levied by other states.

Read the full story

Goldman Sachs Issues Stock Market Warning

U.S. investors are significantly underestimating the risk of a recession, potentially increasing the impact of a recession next year, economists at Goldman Sachs warned in a Monday research note, according to Bloomberg.

Researchers at Goldman estimate a 39 percent chance of a slowdown in U.S. growth, but risk assets only account for an 11 percent chance, Bloomberg reported. By underestimating the chance of a recession, investors are increasing their exposure to the effects of “recession scares” in 2023, the analysts warned.

Read the full story

Jobless Claims Fall to Lowest Level in over 50 Years

The number of Americans who filed new unemployment claims decreased to 187,000 in the week ending March 19, the lowest level in over 50 years, the Department of Labor announced Thursday.

The Labor Department’s figure showed a decrease of 28,000 compared to the week ending March 12, when new claims numbered 215,000, according to data from the U.S. Bureau of Labor Statistics (BLS). This week’s claims were well below the predictions of economists surveyed by Bloomberg, who estimated that new claims would total 210,000.

Read the full story

Democrats Fume over Sinema’s Refusal to End Filibuster

Kyrsten Sinema

Democrats are reacting to an opinion piece by Sen. Kyrsten Sinema (D-AZ), published in The Washington Post, wherein she defended her stance against ending the filibuster. 

“Filibuster supporters be like: we should let Republicans destroy democracy now because at some indeterminate time in the future they may try again,” said Rep. Mondaire Jones (D-NY-17), taking a subtle dig at Sinema. 

Read the full story

Jim Larew Weighs In on Iowa’s Justice and Liberty Event and Buttigieg’s Self-Proclaimed ‘Obama Moment’

On Monday’s Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 am to 8:00 am – Leahy was joined by good friend and famed Iowan attorney Jim Larew to chat about last weeks Liberty and Justice event in Iowa and how it’s changed the pace of the campaigns.

Read the full story

Billionaire Gun Control Advocate Bloomberg to Host High Dollar Manhattan Fundraiser for Bredesen

Former New York Mayor and gun control advocate Mike Bloomberg will host a fundraiser at his Manhattan home next Tuesday for Tennessee Democratic Senate candidate Phil Bredesen, CNBC reported. The involvement by billionaire Bloomberg is likely to increase scrutiny on one of the tightest races in the midterm elections, as Bredesen, a former Tennessee governor, is trying to flip the seat being vacated by Senator Bob Corker (R-TN), who is retiring. The event is being billed to financiers as an opportunity to “join Mike Bloomberg for an evening in support of Governor Phil Bredesen,” according to the invitation. The Tennessee Republican Party said, “When President Trump said Phil Bredesen wouldn’t protect the Second Amendment during his speech in Johnson City, he was more right than he could have known. Today we found out that anti-Second Amendment zealot Mike Bloomberg is holding a fundraiser for Bredesen in New York.” Bloomberg said in 2014, “And if you want to have a gun in your house, I think you’re pretty stupid – particularly if you have kids – but I guess you have a right to do that. Someday, there is going to be a suit against parents who smoke in their houses or…

Read the full story