Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast live from Music Row on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Leahy was joined on the newsmakers line by the original all-star panelist Crom Carmichael.Read More
This writer and others who for decades railed against outsourcing industries to the People’s Republic of China were long dismissed as crackpots and Luddites. Now many of those who were doing the dismissing have been forced to admit the true cost of cheap goods is very high.
The Chinese Communist Party virus has exposed many of our nation’s infirmities.
The most glaring is our dependence on Communist China for medicine, medical equipment, and so many other essential goods.Read More
Former Ambassador to Japan and TN Senate Candidate Bill Hagerty joined The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Thursday morning on the newsmakers line.Read More
Due in large part to government edicts, religious, social, and political gatherings, have been cancelled or drastically altered to meet government requirements. Schools and colleges have closed so there will be no proms or graduations to attend this spring. Restaurant dining rooms are closed, as are community centers, fitness centers, salons, barbershops, theaters, retail stores, and malls. Theme parks, beaches, and even some public parks are closed. Air travel and the use of public transportation has declined precipitously. Traffic on the roads is eerily light, and parking lots are nearly empty.
Of the businesses that have remained open, many have reduced their operating hours. While one can reasonably expect that stay-at-home orders will reduce Chinese coronavirus cases, it remains to be seen what the human and economic toll of these orders will be; but we do know that they are devastating to small businesses and their employees.Read More
The Beacon Center of Tennessee released a set of 20 policy solutions focused on what policies the state should and shouldn’t enact moving forward when it deals with COVID-19.Read More
State Rep. Triston Cole (R-Mancelona) asked Gov. Gretchen Whitmer to allow some nonessential businesses to reopen if they follow social distancing guidelines.
Cole sent a letter to Whitmer on Monday, claiming her stay-at-home order hurt small businesses, including those in the construction and landscaping industry. Both of those industries, said Cole, allowed workers to work safely while staying apart from each other.
“I certainly understand where our governor is coming from. Public safety must always be the main priority,” Cole said in a statement. “However, keeping people employed and businesses operating must also be a priority.”Read More
Monday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast live from Music Row on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Leahy was joined on the newsmakers line by the all-star panelist Crom Carmichael.
During the second hour, Leahy and Carmichael discussed the recent announcement made by Dr. Fauci where he referenced models and how they expect to see a sharp decline on the V graph by end of the second quarter and then a gradual increase by third quarters end.Read More
Live from Nashville, Tennessee Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m.– host Michael Patrick Leahy welcomed Crom Carmichael to the newsmakers line.Read More
Following Ohio’s shocking unemployment rate increase of 2,565 percent, one economist says the COVID-19 coronavirus’ economic impact will be “long lasting” and provides a list of recommendations.Read More
Minnesota has seen 182,000 workers apply for unemployment insurance since the beginning of the coronavirus pandemic, Department of Employment and Economic Development (DEED) Commissioner Steve Grove said Thursday.Read More
The economic fallout caused by the coronavirus pandemic includes massive unemployment caused by government-mandated shutdowns of businesses throughout Michigan.
The U.S. Department of Labor (DOL) reported 129,298 Michigan employees filed unemployment claims last week. Government figures indicate that number has increased from nearly 5,338 people filing unemployment claims reported March 14, a difference of more than 123,960.Read More
Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.
The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.
The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record.Read More
A new policy brief lays out actions that Ohio policymakers can immediately implement so Ohio can fight and yet recover from the coronavirus pandemic, and it doesn’t involve unilaterally moving primaries or shutting down businesses.
The Buckeye Institute released the brief on Monday.
The brief, Policy Solutions for the Pandemic: How Ohio Can Fight the Impact of Coronavirus, is available here.Read More
Bill Hagerty, a Republican candidate for U.S. Senate in Tennessee, announced that he will be hosting a telephone town hall Wednesday with Larry Kudlow, President Donald Trump’s director for the National Economic Council.Read More
The first quarter of the year is not yet over, and we have gone from an almost record stock market to a nation that is all but economically shut down. Some alarmists warn that over two million Americans will die from the Chinese Virus. Others say this will be less problematic than the flu.
Regardless, as of now, the country is mostly shutdown and the economy is in free fall. Economists from Goldman Sachs predict that the economy will shrink by an unprecedented twenty four percent in the second quarter. The good news is the economy is expected to grow by twelve percent and ten percent in the third and fourth quarters.Read More
With every passing moment, nations are establishing precedents for how to contain and ultimately stop a global pandemic. Because the novel coronavirus apparently originated in Wuhan and was immediately covered up by the Chinese Communist Party, the health and welfare of the Chinese people and all other affected populations have suffered from this lethal malfeasance.Read More
Live from Nashville, Tennessee Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. Jeff Webb, founder, and chairman of The New American Populist (TNAP) joined Leahy on the newsmakers line.Read More
The virus that originated in Wuhan, China poses a double threat to America.
The first is to our health as the virus spreads through the U.S. population. The second is to our economy as more businesses, schools, and events shut down to slow the spread of the contagion.
We must not underestimate the economic threat because the Chinese Communist Party is using the pandemic to achieve its goal of supplanting the United States as the world’s leading economic, diplomatic, and military power.Read More
Tennessee has submitted a request for Economic Injury Disaster Loan assistance to the U.S. Small Business Administration, Gov. Bill Lee announced Wednesday.
The assistance allows small businesses and nonprofit organizations negatively impacted by the coronavirus to apply for loans of up to $2 million.
“For most of my life, I’ve been a small business owner and understand the unique challenges each of you face,” Lee said in a statement. “While I am pleased with our progress on targeted relief for small businesses, we know this is just a first step from our federal partners to provide liquidity to our businesses. We are in constant dialogue with our delegation members to ensure that federal aid is responsive to our concerns and needs.”Read More
Congress is passing plans to provide for long-term paid sick leave and family medical leave to tens of millions of Americans, actively encouraging people to stay home, and essentially telling employers to lay off employees while brick and mortar businesses, schools and government offices are all closed, all in a bid to slow down the spread of the Chinese coronavirus.Read More
Michigan Department of Attorney General Dana Nessel sent a cease-and-desist letter to Menards after the department received 18 complaints from consumers about price-gouging. Nessel reported that the company was selling face masks, bleach, and other products at high prices.Read More
President Donald Trump praised the Federal Reserve for cutting the federal funds rate to a range of 0 percent to 0.25 percent, and restarting quantitative easing with $500 billion of U.S. treasuries purchases and $200 billion of mortgage purchases in response to the Chinese coronavirus global pandemic.
“It makes me very happy and I want to congratulate the Federal Reserve,” he said. “That’s a big step and I’m very happy they did it.” Trump has been hounding the Fed for years to cut interest rates to make the dollar more competitive against trading partners’ currencies including the yuan, euro and peso. Now he gets his wish.Read More
The Federal Reserve slashed interest rates to near zero on Sunday as part of a series of measures intended to combat the economic downturn caused by the coronavirus pandemic.
The central bank cut rates to 0% to 0.25%, the central bank announced in a statement. The Fed will also purchase $700 billion worth of Treasury and mortgage-backed securities through quantitative easing, a measure previously used during the Great Recession to get money flowing back into the markets, The Washington Post reported.Read More
President Donald Trump announced Monday evening that he will push Congress for a payroll tax cut to stem concerns about the coronavirus that sent the stock market into a spiral earlier in the day.Read More
An economic expert says Ohio’s latest unemployment data show 2019 was the slowest year for new jobs in a decade — and the state lagged behind the nation in creating new jobs.Read More
“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.”Read More
For young voters, this coming election isn’t just about strengthening our retirement accounts — though that’s been one of the highlights of the Trump era, with the stock market repeatedly setting new record highs. More importantly, the next election is about keeping this booming economy going through our prime earning years. It’s about having the opportunity to make the most of ourselves and start healthy, secure families. For us, re-electing President Trump isn’t just a good idea, it’s an economic imperative.Read More
President Trump appeared at the World Economic Forum in Davos, Switzerland this year as vir triumphalis—the man of triumph. He presides over an American economy that boasts low unemployment, rising wages, and a booming stock market.Read More
Local and national government officials and agricultural advocates are expressing their respective pleasure over Wednesday’s signing of the first phase of a sweeping trade deal between China and the United States.
Among the provisions of the deal are agreements from China to import an additional $32 billion in agricultural products; $80 billion in manufactured goods; $50 billion in energy products; and $35 billion in other services.Read More
A new study by the American Petroleum Institute (API) credits Minnesota’s strong economy and job creation, in part, to the abundance of affordable fuels wrought by the country’s shale boom recognized through hydraulic fracturing, also called fracking.Read More
State lawmakers nationwide are spending more money, but they are also replenishing rainy day funds in preparation for the next economic downturn, a new report determined.Read More
Wages for working class Americans are increasing faster than for their bosses as the U.S. economy keeps humming and unemployment rates stay low, The Wall Street Journal reported Friday.Read More
Every time we hear that the Trump boom has run its course in Minnesota, new numbers come out showing that the economy is still firing on all cylinders.Read More
A few weeks ago, the Census Bureau released the 2018 Income and Poverty in the United States report, but you probably didn’t see anything about it because it received scant attention in the establishment media because it reported such positive results mostly attributable to President Trump’s economic policies. Instead, what little media attention that the report received focused on a meaningless measure of income “inequality.”Read More
Every year, the Office of the Inspector General (OIG) audits the Social Security Administration (SSA) and publishes its findings.Read More
Energy and mineral development on lands managed by the U.S. Department of Interior (DOI) in Nevada contributed nearly $3.8 billion in added value to the state’s economy last year, according to a department report.Read More
The U.S. economy added 136,000 jobs in September, while the unemployment rate declined to 3.5%, according to the Department of Labor data released Friday.Read More
Our friend Stephen Moore, Heritage Foundation economist, former Wall Street Journal editorial board member and founder, along with Steve Forbes and Arthur Laffer, of the Committee to Unleash Prosperity, published a column in the Wall Street Journal recently with some truly amazing statistics about the Trump economic boom.Read More
Don’t look now, but if you were planning on a severe recession and a spike in unemployment before the 2020 elections in the hopes it would help oust President Donald Trump, you might have to keep waiting.Read More
The U.S. imposed a 15% tariff Sunday on Chinese imports valued at $111 billion in 2018 including tools, apparel, footwear and electronics, The Wall Street Journal reported.Read More
Labor Day, according to the US Department of Labor is “dedicated to the social and economic achievements of American workers” and as a “national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.”Read More
You might have noticed some alarmist reporting from Marketwatch and the Drudge Report implying the economy lost 500,000 jobs last year.Read More
President Donald Trump has revived America’s economy, and warned against electing a Democrat in 2020, Vice President Mike Pence said Monday during an appearance in Detroit.Read More
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed.Read More
Democrats are hell-bent on reducing the living standards of ordinary Americans in order to protect the environment, but President Trump is demonstrating that it’s possible to be a responsible ecological steward without sacrificing the country’s prosperity.Read More
by Lawrence Reed Everybody knows who America’s first president was, but can you identify the country’s first economist? If any man or woman deserves that description, it is surely the one who wrote this and so much more: I propose . . . to take off every restraint and…Read More
by Ken Bredemeier White House economic adviser Larry Kudlow said Sunday resumption of trade talks between the U.S. and China “is a very big deal,” but acknowledged there is no immediate prospect for an agreement between the world’s two largest economies. “The talks will go on for quite some time,”…Read More
by Joyce Huang U.S. tech giant Apple has reportedly asked its major suppliers, mainly China-based manufacturers from Taiwan, to consider moving 15 to 30% of their production outside of China to avoid higher tariffs imposed on U.S.-bound exports. The production migration, which analysts say is already ongoing,will hurt the…Read More
India has hiked tariffs on 28 goods imported from the United States as a trade spat between the two countries intensifies. The retaliatory move came days after Washington removed New Delhi from a list of countries that have preferential access to its market. “India has put its cards on…Read More
by Mary Margaret Olohan The U.S. economy added 75,000 jobs in May, while the unemployment rate remained at 3.6 percent, according to Department of Labor data released Friday. Economists predicted 180,000 jobs would be added and that wage growth would rise to about 3.2%, according to The Wall Street…Read More