Tag: Policies & Impacts

‘We Don’t Quite Know’ About the Consequences of Retail CBDCs: IMF Chief

May 2, 2023
Business & MarketsCBDCcryptocurrencydigital currencyeconomyIMFMarketsPolicies & ImpactsUSWorld
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Kristalina Georgieva, managing director of the International Monetary Fund (IMF), is warning that the world is heading toward a widespread adoption of central bank digital currencies (CBDC) without properly considering the risk factors involved. “We are going in that direction,” Georgieva said about the adoption of CBDCs worldwide during a May 1 discussion Milken Institute…

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IN DEPTH: Biden’s Delayed Offshore Oil and Gas Plan Sparks Pushback From Congress

May 2, 2023
2024 electionBiden green energy pushBusiness & MarketscongressDemocratseconomyenergyExecutive BranchHR 1 Lower Energy Costs ActNational SecurityPolicies & ImpactsPoliticsRegional & State NewsRepublicansUSUS NewsUS Offshore Oil/Gas Leasing program
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The U.S. Department of Interior’s (DOI) reauthorization of its five-year National Outer Continental Shelf Oil & Gas Leasing Program is months overdue and feared lost at sea—a sea that is of regulatory deceit, claim Congressional Republicans and some Democrats. The update to the 2017-22 federal offshore leasing program was required by statute in June 2022. But…

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Pornhub Blocks Access in Utah After State Passes New Age Verification Law

May 2, 2023
Business & MarketsCompaniesMedia & Big TechPolicies & ImpactsPoliticsPornhubRegional & State NewsSocial IssuesState NewsUSUS NewsUtah
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Pornhub has disabled access to its website in Utah in response to a new law requiring companies publishing adult content to verify users’ ages before allowing them to view the X-rated material on their platforms. The pornography website confirmed to Axios that it completely disabled its websites for individuals located in the state on May 1. Individuals in Utah attempting…

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Pennsylvania Mulls EV Fee for Road Use

May 1, 2023
Business & MarketseconomyenergyEVPennsylvaniaPolicies & ImpactsRegional & State NewsState NewsUSUS News
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Pennsylvanians pay the highest state gas tax in the nation at 61 cents per gallon. That is on top of the 18.4 cents per gallon for the federal gas tax drivers pay in every state. Gas tax money is used for road repairs, but electric vehicle (EV) drivers don’t buy gas, and so don’t contribute…

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IN-DEPTH: America Fails to Grasp China’s Rare Earth Dominance, Analysis Finds

May 1, 2023
AMERICABusiness & MarketsChinacritical mineralsDefending AmericaeconomyEducation & Family NewsenergyEnvironmentFeatured TopicsNational SecurityPolicies & Impactsrare earthsScienceSpecial TopicsTechTech CompetitionTech NewsThreat from Communist ChinaUSUS NewsUS-China relations
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Over the past several years, China’s powerful grip on rare earth elements has motivated action by Congress and multiple presidents. Millions in government funding went to an American rare earth and critical mineral refinery and a rare earth separation plant. Just last week, Reps. Guy Reschenthaler (R-Penn.) and Eric Swalwell (D-Calif.) reintroduced a bill that…

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Regional Bank Shares Take Beating After First Republic Collapses

May 1, 2023
Business & MarketsCompanieseconomic policieseconomyFDICFirst Republic BankinflationInvestmentJPMorgan ChaseMarketsPolicies & ImpactsrecessionUS
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U.S. regional bank shares took a beating after the collapse of First Republic and its takeover by JP Morgan Chase & Co. The Federal Deposit Insurance Corporation (FDIC) seized First Republic Bank in the second-largest bank failure in American history in what is also the third regional bank to fail this year. Shares of several…

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Maryland Governor Poised to Sign Measure Broadly Restricting Gun Carry

May 1, 2023
constitutional rightsFeatured TopicsGov. Wes MooreMarylandMaryland gun lawsPolicies & ImpactsPoliticsRegional & State NewsSecond AmendementSocial IssuesState NewsUSUS News
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Maryland Gov. Wes Moore is poised to sign gun restriction measures, one of which will stop lawful gun owners carrying their firearms into many common settings, despite having a permit. Moore’s administration is checking the constitutionality of the bills before moving forward. “We’re going through and checking on the constitutionality now, but, yes, I plan…

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Supreme Court Takes Up Wall Street Whistleblower Retaliation Case

May 1, 2023
Business & MarketsJudiciaryNew YorkPolicies & ImpactsSarbanes-OxleySupreme CourtUSUS News
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The Supreme Court agreed on May 1 to look at a federal investor protection law after a Wall Street whistleblower claimed his former employer fired him for refusing to paint an unjustifiably rosy picture of market outlooks. The law concerned is the federal Sarbanes-Oxley Act of 2002 which was approved by Congress after accounting fraud…

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Tennessee’s Top Education Official Stepping Down Over ‘Extraneous Politics’

May 1, 2023
Education & Family NewsGov. Bill LeePenny SchwinnPolicies & ImpactsPoliticsRegional & State NewsState NewsTennesseeTennessee Department of EducationUSUS News
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The top education official in Tennessee, Commissioner Penny Schwinn, will leave her position at the end of the school year later this month following four years with the department, Gov. Bill Lee announced on Monday. In an interview with “The 74,” a news organization that covers America’s education system, Schwinn said she had grown tired…

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Supreme Court Takes Up Major Case That Could Roll Back Power of Federal Government

May 1, 2023
administrative stateBusiness & MarketsChevron deferenceChevron doctrineJudiciaryPolicies & ImpactsSupreme CourtUSUS News
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The Supreme Court decided on May 1 to consider rolling back a bureaucracy-empowering legal doctrine when it determined it will hear a case challenging a U.S. Commerce Department rule on fisheries inspectors. The court’s ultimate ruling could alter the current balance of power between Congress, executive agencies, and the nation’s judiciary by tearing away at…

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