GlockStore Owner Lenny Magill Talks California Exodus, Setting Up Shop in Nashville

Tuesday morning on The Tennessee Star Report, host Leahy welcomed GlockStore owner Lenny Magill in studio to talk enormous growth and doing business in the state of Tennessee.

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Arizona Gov. Doug Ducey Announces Lowest Tax Rate in the Nation Going into Effect Next Year

Gov. Doug Ducey (R) announced Thursday that Arizona’s surging economy had paved the way for a historic flat income tax rate to come a year in advance.

“It’s no secret Arizona’s economy is booming. Over the last eight years, we’ve made responsible decisions to live within our means, reduce burdensome government regulations, lower taxes every year and ensure our state remains a great place to live,” Ducey said in a letter to the Arizona Department of Revenue (ADR). “It’s time to deliver lasting tax relief to Arizona families and small businesses so they can keep more of their hard-earned money.”

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Economic Growth in Northeast Pennsylvania Comes with Coal Mine Cleanup

A rush of federal money will boost Pennsylvania’s ability to address abandoned mining land, but the commonwealth will not be able to rely on federal dollars for most of the funding.

The Senate Community, Economic and Recreational Development Committee met on Tuesday to discuss the impact of the anthracite coal industry in northeastern Pennsylvania – both its environmental costs and its economic potential.

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Pennsylvania Business Leaders Alert Lawmakers to Prosperity Hindrances

Pennsylvania’s House Republican Policy Committee on Thursday heard testimony from several small-business executives Thursday suggesting that unemployment compensation (UC) taxes among other issues pose major impediments to economic growth in the Keystone State. 

As The Pennsylvania Daily Star reported this week, Pennsylvania has lagged behind other states in terms of making up economic ground lost during the COVID-19 pandemic. In July 2022, about 6.17 million Pennsylvanians held jobs, a 2.8-percent rise over the same month one year prior. National employment meanwhile increased 3.7 percent during that time. 

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Latest Pennsylvania Budget Estimate Has Modest Economic Growth, Dip in Tax Revenue

Pennsylvania’s economy will have modest real economic growth but also a dip in tax revenues in the next fiscal year as one-time boosts fade away, according to the latest revenue estimates from the Independent Fiscal Office.

The estimate for fiscal year 2022-23 does not assume a recession will hit, but does assume inflation will still be a problem, which cuts away at real gains in areas such as wages and salaries.

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GOP Nominee for Mayor of Rutherford County, Joe Carr, Talks Victory, Campaigning, and Top Goals

Monday morning on The Tennessee Star Report, host Leahy welcomed the new GOP nominee for mayor of Rutherford County, Tennessee, Joe Carr to the newsmakers line to talk about his victory and top goals if elected in the general election.

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Madison County Mayoral Candidate AJ Massey: Focusing on Schools and Education Will Help Kill ‘Public School-to-Prison Pipeline’

Wednesday morning on The Tennessee Star Report, host Leahy welcomed Republican Mayoral Candidate for Madison County, AJ Massey to the newsmakers line to discuss his background and answer questions on education.

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Maury County Mayoral Candidate David Baker Comments on Maintaining Integrity and Way of Life as County Grows

Tuesday morning on The Tennessee Star Report, host Leahy welcomed Independent Maury County Mayoral candidate David Baker in studio to discuss his experience and maintaining the liberty and freedom established by Andy Ogles.

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Bolivar, Tennessee Mayor Julian McTizic Talks Town History and New Business Growth

Friday morning on The Tennessee Star Report, host Leahy welcomed Mayor Julian McTizic of Bolivar, Tennessee, to the newsmaker line to talk about the recent decision of Wall Innovations to relocate its headquarters to his town.

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Crom’s Crommentary: The Left Denying America’s Current Problems Will Cause an Absolute Blowout in Favor of Republicans in 2022 Midterms

Wednesday morning on The Tennessee Star Report, host Leahy welcomed the original all-star panelist Crom Carmichael in studio for another edition of Crom’s Crommentary.

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International Monetary Fund Projects Weaker Than Expected 2022 Economic Growth for U.S. and China

The International Monetary Fund (IMF) cut its global economic growth forecast for 2022 on Tuesday, citing growing COVID-19 cases, supply chain bottlenecks and soaring inflation.

The IMF now projects global gross domestic (GDP) product to grow 4.4% in 2022, down from 5.9% growth in 2021, according to the IMF’s World Economic Outlook report published Tuesday. The IMF projected global GDP would reach 4.9% in its Fall report.

“The global economy enters 2022 in a weaker position than previously expected,” the report said, blaming “downside surprises,” including soaring COVID-19 cases and turbulent markets.

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Commentary: The Flaw in Bret Weinstein and Heather Heying’s Proposal for the Future of Humanity

Bret Weinstein podcast

Bret Weinstein and Heather Heying, evolutionary biologists and visiting fellows at Princeton University, have written a fascinating new book, A Hunter-Gatherer’s Guide to the 21st Century, which Penguin Random House released in September.

The instant New York Times bestseller is riddled with interesting ideas and clever insights, ultimately arriving at a radical conclusion about how humanity must be governed in the future if we are to avoid civilizational collapse. However, the book’s concluding argument is built upon one fundamental economic fallacy, and to understand the flaw in the proposal is to understand how truly catastrophic the pursuit of Weinstein and Heying’s vision would be.

The Fear of Abundance

Weinstein and Heying’s fundamental claim is about the human propensity to seek economic growth, and the ultimate unsustainability of that goal.

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Experts Predict Less Economic Growth, Elevated Inflation for Years to Come

Woman shopping, going up escalator

A survey released Monday found that business experts expect prices and inflation to rise at elevated levels for years to come.

The National Association for Business Economics released the results of a survey of 48 economic experts who downgraded their growth predictions and projected elevated inflation through the second half of 2023, if not later.

“NABE Outlook survey panelists have ramped up their expectations for inflation significantly since September,” said NABE Vice President Julia Coronado, founder and president, MacroPolicy Perspectives LLC. “The core consumer price index, which excludes food and energy costs, is now expected to rise 6.0% from the fourth quarter of 2020 to the fourth quarter of 2021, compared to the September forecast of a 5.1% increase over the same period.”

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Mayor Scott Conger of Jackson, Tennessee See’s Smart Growth in 2022

Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Jackson, Tennessee Mayor Scott Conger to the newsmakers line to talk about the growth of his city and goals for 2022.

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Tennessee State Senator Mike Bell Explains Why He Voted for Ford Motor Company and Economic Incentives

Mike Bell

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed retiring State Senator Mike Bell in studio to discuss why he voted for Ford Motor Company Megasite.

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European Economies Grew Faster Than U.S. As Inflation and Supply Chain Delays Crippled the Country

European economic growth outpaced the U.S. and China as COVID-19 restrictions eased and vaccination rates increased, but supply chain disruptions and inflating prices will hold back expansion in the near future, The Wall Street Journal reported Friday.

Gross domestic product in the eurozone increased at a seasonally adjusted annualized rate of 9.1% in the quarter ending in September, according to the WSJ.  In comparison, the U.S. economy grew at a 2% rate and China grew at just 1%.

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Tennessee State Representative Chris Hurt Talks Ford Deal Points and Growth for West Tennessean’s

Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tennessee State Representative (R-82) Chris Hurt to the newsmakers line to discuss the success of the Ford Megasite deal while working through session.

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Maury County Mayor Andy Ogles Describes the Process of Bringing Corporations into the State

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Maury County Mayor Andy Ogles in studio to give examples of the process of bringing out of state corporations into Tennessee.

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IMF Expects Less Economic Growth from U.S. Amid Supply Chain Chaos

The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health concerns.

In the International Monetary Fund’s (IMF) World Economic Outlook report, released Tuesday, the IMF’s economists share anticipations for global economic growth measuring 5.9% in 2021, a downgrade from their 6% projection in July.

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Maryville, Tennessee Mayor Andy White Talks Smart Move of Smith & Wesson

Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the Mayor of Maryville, Tennessee, and the new headquarters of Smith and Wesson, Andy White to the newsmakers line to discuss the move and what attracted the company to the state.

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Report: Private Job Hirings Beat Expectations Amid COVID-19 Scares, Slow Economic Growth

Private companies added 568,000 jobs in September, exceeding expectations as the country faced growing numbers of delta variant cases and slow economic growth, according to a major payroll report.

The 568,000 jobs added is a sharp increase from the 340,000 jobs added in August, the ADP National Employment Report showed. Experts predicted private companies would add 425,000 jobs in September, CNBC reported.

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Nolensville’s Town Manager Victor Lay Talks Growth and Managing Expectations of Blue State Refugees

Nolensville Town Hall

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Nolensville, Tennessee Town Manager Victor Lay to the newsmakers line to discuss their growth and the influx of new blue state residents.

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Maury County Mayor Andy Ogles Talks Booming Growth Ignited by Manufacturing Industry in the County

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Mayor Andy Ogles in studio to discuss the economic growth initiated by manufacturing and automotive distribution in Maury County.

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Commentary: China’s ‘One-Child Policy’ Left at Least One Million Bereaved Parents Childless and Alone in Old Age, with No One to Take Care of Them

Chinese child being held, peaking over shoulder of dad

A child’s death is devastating to all parents. But for Chinese parents, losing an only child can add financial ruin to emotional devastation.

That’s one conclusion of a research project on parental grief I’ve conducted in China since 2016.

From 1980 to 2015, the Chinese government limited couples to one child only. I have interviewed over 100 Chinese parents who started their families during this period and have since lost their only child – whether to illness, accident, suicide or murder. Having passed reproductive age at the time of their child’s death, these couples were unable to have another child.

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U.S. Added Just 266,000 Jobs in April, Far Below Expectations

Worker in restaurant kitchen

The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 266,000 in April, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons ticked up to 9.8 million. Economists projected a million Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.

“The pieces are really coming together for a burst in activity,” Sarah House, senior economist for Wells Fargo’s Corporate and Investment Bank, told the WSJ. “We’re expecting to see the labor market recovery shift into an even faster gear with the April jobs report.”

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Crom Carmichael Weighs in on Oracle Move and Middle Tennessee’s Real Estate Quandary

Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the original all-star panelist Crom Carmichael in studio to discuss Oracle’s big move to Nashville’s East Bank and the consequences of a real estate boom in Middle Tennessee.

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Ohio Lawmakers Form Business First Caucus Aimed to Help Small Business

A group of Ohio lawmakers want to focus on the state’s below average ranking for economic performance by creating a bipartisan Business First Caucus.

The group, headed by state Sens. Mark Romanchuk, R-Ontario, and George Lang, R-West Chester, said it’s aimed at small businesses, staying at the center of major tax and regulatory reform while promoting ideas and legislation that positively impact small business in the state.

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Utah Tribe Calls Biden’s Order on New Oil Drilling a ‘Direct Attack’ on Its Economy

A Native American tribe in Utah said a Biden administration order blocking new permits to drill for oil and gas on federal lands is a “direct attack” on its economy and sovereignty.

The Ute Indian Tribe is seeking a waiver from Order 3395, which Scott de la Vega, the acting secretary of the interior, implemented on Jan. 21.

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Georgia Department of Economic Development Seeks State Funding to Restore Tourism Industry

The Georgia Department of Economic Development (GDEcD) is asking for an additional $1 million to stimulate the state’s hard-hit tourism industry.

GDEcD Commissioner Pat Wilson told lawmakers Friday the state has lost billions of tourism dollars and has seen massive industry job loss because of the COVID-19 pandemic.

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China Factory Activity Shrinks for First Time in Two Years

China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. The purchasing managers’ index of the National Bureau of Statistics and an…

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The Fed Finally Begins Rolling Back its Portfolio

by Robert Romano     The Federal Reserve has dumped an eye-popping $343 billion of U.S. treasuries and mortgage-backed securities since it began its policy normalization program in Sept. 2017. $116 billion of that, or more than a third, has been since Sept. 2018 as the nation’s central bank has…

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Nashville Becoming ‘Chic Urban Playground for the Wealthy,’ Vanderbilt Professor Tells Wall Street Journal

Nashville City at night

The Wall Street Journal has taken notice of how Nashville is becoming gentrified and is in danger of becoming a “chic urban playground for the wealthy.” James Fraser, an urban studies professor at Vanderbilt University, told The Wall Street Journal the city needs 30,000 more units of affordable housing and…

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