October tax revenues were higher than last year but fell short of predictions, according to the Tennessee Department of Finance and Administration.
State collections for October were $22.6 million more than last year. The year-to-date numbers are 1.4% or $72.4 million above budget, according to the department.
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Federal pricing data released this week for consumer and producer prices shows that inflation rose last month.
Harvard professor and former economic advisor to President Barack Obama Jason Furman said the consumer data could show a “resurgence of inflation” not to the ultra high levels in recent years but to more recent elevated data.
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Dozens of investment advisors warned America’s biggest corporations Friday that their diversity programs will be a liability under the incoming Trump administration.
Americans “overwhelmingly rejected the ideological takeover of political and civic life by narrow-minded identity politics” in the Nov. 5 election, a coalition of 38 financial officers wrote in letters warning companies that the new administration will “hasten the demise of DEI.”
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Donald Trump’s win is a big victory for the American energy industry and for all Americans. The climate crazed don’t want to recognize the fact that more than 80% of the world’s energy comes from fossil fuels – coal, oil, and natural gas. They don’t want to admit that the use of all three are at record highs and are continuing to grow. Or that a thriving economy needs reliable, affordable, and abundant energy. Because the cost of energy is built into everything that we do, consume or use, even watching Netflix.
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The Taiwan Semiconductor Manufacturing Company (TSMC) was sued last week by a group of Arizona workers who claim the foreign company discriminated against United States citizens after the President Joe Biden successfully convinced the company to build multiple facilities near Phoenix with $6.6 billion in taxpayer funding and $5 billion in federal loans through the CHIPS Act of 2021.
According to the lawsuit filed last Friday by 13 Arizonans, which was made public Thursday, TMSC failed to address the effects of a “hostile work environment” that affects “employees who are not of East Asian race or Taiwanese or Chinese national origin.”
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The new Department of Government Efficiency (DOGE) under the incoming Trump administration is accepting applications for individuals looking to root out unnecessary spending in government.
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A Tennessee woman is challenging a law that requires her to be a veterinarian to serve as an animal chiropractor.
Dr. Laura Colman, of Clarksville, has a doctorate in chiropractic and a certificate in animal chiropractic from the American Veterinary Chiropractic Association, according to the lawsuit filed on Colman’s behalf by the Beacon Center.
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Frank Stiner was excited when he received the invitation to Titans House in late October along with his cousin as they prepared to buy seats at the new Nissan Stadium.
They are original seat holders from the first hour tickets in Nashville went on sale, in the fifth row of the end zone, and were excited to continue that family tradition by expanding their ticket base from two to four.
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The Onion, a satirical news company mocking current events and news personalities, purchased Alex Jones’ Infowars network in a bankruptcy auction Thursday held to help pay off a nearly $1.5 billion lawsuit.
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Florida officials say 34.6 million visitors spent time in the Sunshine State in the third quarter of this year, eclipsing the previous third quarter record by 1.7% and giving the state three consecutive quarters of record growth.
That comes despite Hurricanes Debby and Helene making landfall in the quarter. Milton, in the just started fourth quarter, made it three hurricanes in 66 days.
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Inflation rose slightly in October despite a massive slowdown in job growth in the same month, according to a Bureau of Labor Statistics (BLS) report released Wednesday.
The consumer price index (CPI), a measure of the price of everyday goods, increased 0.2% on an annual basis in October and rose 2.6% month-over-month, compared to 2.4% in September, and in line with expectations, according to the BLS. Core CPI rose 3.3% year-over-year in October, the same rate as in September.
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With the election behind us, a huge win for President Donald Trump, it is time to get serious about policy. One of Trump’s best campaign lines was: “Kamala broke it. Trump will fix it.” To be sure, the federal budget was out of whack already, but the Biden-Harris administration really broke it through massive increases in federal spending.
Time to fix it, but if Republicans go about this as they have in the past, they will surely fumble and fail.
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An economist for the University of Tennessee said the state is growing but the labor force participation rate has declined.
Dr. Don Bruce, director of the university’s Boyd Center for Economic Business and Research, told the State Funding Board at its November meeting that Tennessee employment is up by 195,000 since March 2020.
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With thoughts focused on the holiday season, small business owners in Ohio continue to struggle with finding employees.
But that’s not the only issue.
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Elections have consequences, and those consequences are dire for free market dogmatists in the Republican Party.
The tariff debate is over. President Donald Trump won, and it is not even close. Americans overwhelmingly support efforts to punish countries like China for their unfair trade practices. Even President Joe Biden, who ran blatantly misrepresenting the Trump economic record, has kept the Trump tariffs on steel and aluminum in place.
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by Ireland Owens Steven Madden said Thursday that it is accelerating plans to shift production out of China in anticipation of President-elect Donald Trump introducing increased tariffs on imported goods when he returns to office, according to Bloomberg. The New York-based retailer said in a company earnings call Thursday that it is now planning to reduce products manufactured in China by 40% within the next year, according to Bloomberg. The company had previously set a target of a 10% reduction within the next year, according to Bloomberg. “As of yesterday morning, we are putting that plan into motion,” Steve Madden CEO Edward Rosenfeld told analysts on an earnings call Thursday, Bloomberg reported. Trump beat Vice President Kamala Harris in his bid for reelection, securing 270 electoral votes by about 2 a.m. EST on Wednesday following his winning in the key battleground states of North Carolina, Pennsylvania and Georgia. The U.S. stock market soared Wednesday following the Republican’s victory. The president-elect previously proposed increasing tariffs on various imported goods, including saying in September that he would impose a 200% tariff on John Deere’s tractors if it closed an American factory and moved production outside of the U.S. to Mexico. Trump has also promised to enact policies aimed at accelerating domestic production throughout…
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Jeff Bezos, founder and chairman of Amazon, congratulated President-elect Donald Trump on Wednesday for an “extraordinary political comeback and decisive victory” after he defeated Vice President Kamala Harris.
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It’s morning in America again for the stock market in the wake of Donald Trump’s second election, with the Dow Jones Industrial Average jumping more than 1,200 points or 3 percent, the benchmark S&P 500 up 1.9 percent and tech-dominated Nasdaq Composite up 1.8 percent, Yahoo Finance reports.
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Another electric vehicle startup is struggling in the face of a difficult EV market.
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Bernard “Bernie” Marcus, who helped build The Home Depot into one of America’s most iconic brands before turning to philanthropy and conservative politics and unabashedly backing Donald Trump’s rise in politics, died Monday night at the age of 95.
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Social media’s influence is causing Gen Z’s interest in skilled trades to rise, according to a report by Thumbtack – something a trade organization co-director said is “inspiring and eye-opening.”
“55% of Gen Zers are considering a skilled trade career (up 12% from last year) – including 72% of those with a college degree,” Thumbtack’s report stated.
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The private sector hemorrhaged jobs in October while the federal government expanded its workforce to even bigger levels, according to data from the Bureau of Labor Statistics (BLS) released Friday.
The U.S. economy lost 28,000 private sector jobs while the federal government added 40,000, BLS data shows. The private sector job losses come amid a disappointing jobs report overall, with the country adding just 12,000 nonfarm payroll jobs — well below the 110,o00 economists expected.
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Virginia agricultural and forestry small businesses impacted by Hurricane Helene now have another place to turn for help.
Individuals and state and local governments in federally designated disaster zones can already apply to the Federal Emergency Management Agency for assistance, as the president approved a Major Disaster Declaration for the commonwealth within a week of the storm.
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The U.S. added 12,000 nonfarm payroll jobs in October as the unemployment rate remained unchanged, according to Bureau of Labor Statistics (BLS) data released Friday.
Economists expected 110,000 jobs to be added in October, far lower than the initially reported 254,000 job gain in September, and that the unemployment rate would hold steady at 4.1%. Previously reported job gains for August and September were revised down by 81,000 and 31,000, respectively, following a trend under the Biden-Harris administration of overestimating employment growth in initial estimates, with the cumulative number of new jobs reported in 2023 roughly 1.3 million less than previously thought.
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The U.S. economy grew at a rate of 2.8% in the third quarter of 2024, according to Bureau of Economic Analysis (BEA) statistics released Wednesday.
The growth in the third quarter comes after a better-than-expected 3.0% growth rate in the second quarter of 2024, according to the BEA. Economists forecast that GDP would increase by about 3.0% in the third quarter, according to Forecast.com.
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Microsoft plans to spend $1 billion to build three data centers in Central Ohio, and the state is kicking in tax breaks for the project.
Eventually, according to Microsoft, the entire project could create hundreds of full-time jobs at the campuses in Heath, Hebron and New Albany. The Heath and Hebron facilities still need local approval.
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Volkswagen (VW) said Wednesday that it needs to cut costs amid slackening consumer demand for electric vehicles (EVs) and weaker car sales in China.
VW’s profits fell 64% in the third quarter of 2024, driving the company’s share price to its lowest level since October 2010. Now, the world’s largest automaker by sales is looking to lower its expenses, with VW’s top labor leader announcing earlier this week that the company was aiming to shut at least three of its German factories, slash wages 10% and lay off thousands of employees.
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California made climate history in 2020 when the state became the first in the nation to create an electric vehicle mandate, which eventually became a key part of the Biden-Harris climate agenda. Now the state wants to do the same for motorcycles, despite the problems the EV push has faced over the past four years.
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On the north bank of the Nolichucky River in Telford, Tennessee, sits Plum Grove. Between 1796 and 1801, the property served as the home of Tennessee’s first governor and founding father, John Sevier, who became a national hero after leading a band of volunteers from Washington County into battle during the Revolutionary War.
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The U.S. Department of Veterans Affairs announced Thursday it housed 47,925 veterans experiencing homelessness in fiscal year 2024, besting an earlier goal.
That’s the largest number of veterans experiencing homelessness the federal agency has housed since fiscal year 2019 and 16.9% over its goal of 41,000.
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Republican lawmakers wrote to Department of Labor (DOL) Acting Secretary Julie Su on Friday, slamming the agency for ignoring an oversight request regarding its “botched release” of data that showed the Biden-Harris administration had wildly overestimated job creation.
The August Bureau of Labor Statistics (BLS) release — which revealed the U.S. economy had created more than 800,000 fewer jobs in the twelve months through March than the administration had claimed — was posted roughly a half hour late, with a slew of Wall Street investment firms obtaining details about the report at least 15 minutes before the public. Republican Reps. Virginia Foxx of North Carolina and Bob Good of Virginia issued an oversight request following the incident, which the DOL then failed to respond to, prompting the lawmakers to re-up their inquiry into whether or not the BLS favored Wall Street insiders over the American public, according to the letter obtained exclusively by the Daily Caller News Foundation.
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The North Carolina government on Wednesday released an estimate that Hurricane Helene caused at least $53 billion in damage, particularly in the western part of the state.
The state budget office calculated the preliminary amount which also includes potential investments to avoid similar expensive damages during hurricanes in the future.
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Although there isn’t much public information available about the Justice Climate Fund, it appears to have been an overnight success.
After gaining nonprofit status in August 2023, the organization was awarded $940 million by the Biden administration just eight months later in connection with the White House’s $27 billion Greenhouse Gas Reduction Fund, which aims to provide financial assistance to reduce carbon emissions and reduce pollution.
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The upcoming presidential election might keep some would-be homebuyers on the sidelines, according to a real estate economist.
Existing-home sales declined 1% in September as prices continued to climb higher, according to figures released Wednesday by the National Association of Realtors.
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by J.D. Davidson Ohio’s September labor statistics continued to lag the rest of the nation, but analysts see positive signs. According to figures released by the Ohio Department of Job and Family Services, the state’s unemployment rate remained unchanged at 4.5% for the second consecutive month. However, the labor force participation rate rose slightly to 62.4% from 62.3%. Both of those numbers were below the national average. The national unemployment rate continues to fall, finishing September at 4.1%, while the labor force participation rate closed at 62.7%. “September’s report contained good news, with 9,500 new private-sector jobs erasing August’s job loss,” said Rea S. Hederman Jr., executive director of the Economic Research Center and vice president of policy at The Buckeye Institute. “Although private-sector job growth has continued throughout 2024, growth remains slow, with some down months slowing the overall upward trend.” The job growth has other analysts optimistic about the labor market’s concerns. “Strong job gains in September mirror national employment trends, which exceeded expectations last month,” said Molly Bryden, researcher with Policy Matters Ohio. “Recent growth alleviates broad concerns around a weakening labor market, and as the Fed continues to lower interest rates, Ohioans can remain hopeful…
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Restaurant chains and operators are slated to have their most bankruptcies in decades apart from 2020, a Wall Street Journal analysis of Chapter 11 filings found Monday.
The bankruptcies seen this year are rivaling those seen during the COVID-19 pandemic in 2020, when restrictions and other pandemic-related disruptions caused the industry’s sales to fall $240 billion, according to the WSJ. The surge in bankruptcies comes as prices have increased over 20% since President Joe Biden took office in January 2021, raising operational expenses for restaurants and making customers less inclined to eat out.
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Democratic Minnesota Gov. Tim Walz awarded up to $126,000 in taxpayer funds to meat processor JBS after an investigation revealed some of the company’s processing plants were cleaned using child labor.
The U.S. Department of Labor found in February 2023 that at least 31 children were employed “in hazardous occupations to clean dangerous powered equipment during overnight shifts at JBS USA plants,” though they were employed by a third-party cleaning service rather than by JBS directly. Minnesota’s Office of Higher Education then announced a grant in June to fund job training for 28 staff members at the JBS plant in Worthington, Minnesota — a plant at which at least 22 children had been illegally employed to clean.
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The Cleveland Browns plan to move to a new $2.4 billion stadium in Brook Park, Cleveland Mayor Justin Bibb said in a news conference Thursday.
Bibb had been pushing for the Browns to stay in Cleveland and revamp the team’s current stadium. But Bibb says he was told Wednesday night by the leaders of the Haslam Sports Group that the team had decided to move to Brook Park, which Bibb said made him “deeply, deeply disappointed.”
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Security measures implemented by the largest payment platform used by Democratic candidates to process political donations failed to address GOP concerns that spurred the payment processor to respond in the first place.
In 2023, Republican Florida Sen. Marco Rubio and Republican Wisconsin Rep. Bryan Steil both raised concerns that ActBlue not requiring users to input a credit verification value (CVV), the three numbers on the back of credit cards, when making donations increased the risk of fraudulent contributions being made. ActBlue has since required that donors using debit or credit cards on their platform input CVVs. The requirement, however, can be easily circumvented by donating through PayPal, Google Pay or Venmo, all of which are still options on ActBlue.
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The largest retail group in the country says it expects consumers to spend more this holiday season, but the growth in sales will be slower than last year.
The National Retail Federation (NRF) said its 2024 forecast shows winter holiday spending is expected to grow between 2.5% and 3.5% over 2023.
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The Biden-Harris administration has become synonymous with an economy in tatters. Americans are struggling with rising prices, stagnant wages, and increased obstacles to starting a business, buying a home or retiring. According to the Gallup Economic Confidence Index, Americans’ outlook on the economy from 2021 to 2024 has been negative.
Contrast this with the economic prosperity seen under the Trump administration. America enjoyed energy abundance, skyrocketing wages, a record number of startups and incredible stock market averages. A large part of this success can be credited to the 2017 Tax Cuts and Jobs Act (TCJA), a tax cut for families and small businesses that fueled one of the strongest economies in decades.
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Democrats’ display their elitism by using macroeconomic numbers to ignore America’s microeconomic concerns. By promoting the macro-economy, Democrats produced the numbers they now campaign on. However, their macro numbers have come with high inflation that has wreaked havoc on the micro-economies in which most Americans live.
Democrats’ embrace of the macro economy is unmistakable. Paul Krugman’s recent column (10/8) trumpeted that the “macro” numbers “vindicate Bidenomics.” During CBS’s Sunday (10/6) 60 Minutes interview, Kamala Harris immediately ducked into the macro economy when asked about inflation’s impact on Americans.
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American journalism has experienced a spectacular collapse in the last 25 years – daily newspaper circulation has declined from over 60 million subscribers to just over 20 million. And the trend is accelerating: According to the Pew Research Organization, the average monthly number of unique visitors to the websites of the country’s top 50 newspapers plummeted 20 percent in one year from 2021 to 2022.
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Despite slight easing, finding employees continues to be a major issue for small businesses in Ohio.
The National Federation of Independent Business showed in its September jobs report that 34% of small business owners nationally continue to report job openings they can’t fill.
That’s a better number than in previous months, but NFIB Ohio State Director Chris Ferruso thinks business owners are still working to end the year strong.
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American small business uncertainty hit an all-time high and optimism remains low just weeks before Election Day, according to the latest survey.
The National Federation of Independent Businesses on Monday released the survey, which showed small business uncertainty rose last month to the highest level ever recorded by NFIB.
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The Common Sense Institute’s “Inflation Misery Index” said that inflation continues to have a stinging impact on Arizonans’ wallets.
According to the report, Arizonans spend $9,996 more each year compared to 2019. When adjusted for the usually expected 2% inflation yearly, it’s still a $6,276 difference. The report adds that 24% of the average Grand Canyon State’s household income was eaten up by inflation, or roughly $25,000.
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Governor Josh Shapiro confirmed on Thursday that he spoke with Elon Musk about potential investments in Pennsylvania after the billionaire executive spoke at the rally held by former President Donald Trump in Butler, Pennsylvania.
Shapiro explained to NBC News that Musk was attending a Pittsburgh Steelers game with entrepreneur Thomas Tull, who called the governor to connect him with the world’s richest man.
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Ohio’s average mortgage rate is the 12th highest in the nation, according to a new report.
Personal finance website WalletHub, a for-profit business, also says a Federal Reserve interest rate cut in September will have little impact on rates in the coming months because markets had previously accounted for it.
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Inflation fell slightly in September amid fears of a hotter-than-expected economy following strong job gains in the month prior, according to the latest Bureau of Labor Statistics (BLS) release Thursday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.4% on an annual basis in September and rose 0.2% month-over-month, compared to 2.5% in August, less than the 2.3% rate that was expected, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, rose 3.3% year-over-year in September, compared to 3.2% in August.
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America’s fourth-largest Catholic healthcare system performed so-called gender affirming surgeries on 81 children and prescribed puberty blockers or cross-sex hormones to 113 over the past five years, according to a national database launched Tuesday by Do No Harm, which fights identity politics in “medical education, research and clinical practice.”
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