A rare bipartisan agreement in Congress would create a larger child tax credit for parents and extend some key business tax breaks in the 2017 (Trump) tax reform bill that have expired. Democrats are said to favor the former and Republicans the latter.
Opinions on the accord are all over the map, with pros and cons – both on the right and the left. I give it two cheers. If it were funded by reducing means-tested welfare spending, I would give it a third cheer.
In the House of Representatives, the GOP’s “number-one priority for health care reform” is lowering health insurance premiums. However, the vast majority of folks who buy their own insurance are getting hefty subsidies. So much so, that 8 in 10 enrollees in the exchanges pay $10 a month or less. For a family with average income, the premium is usually zero. More.
The American Rescue Plan injects new life into ObamaCare with more generous subsidies, expanded eligibility and premium limits that make insurance more affordable. Unfortunately, the stimulus proposal just passed by Congress does nothing to correct the most serious...
COVID-19 is steadily attracting less attention, which is welcome news. Before we put the pandemic behind us, however, we should learn important lessons so we can avoid repeating mistakes. One catastrophic mistake is that the Food and Drug Administration (FDA) perpetrated misinformation that probably killed hundreds of thousands of Americans. Unless steps are taken to rein in the FDA’s powers, similar results are likely to happen in the future.
Each year, the Competitive Enterprise Institute (CEI) has a dinner in Washington, D.C., honoring the economist Julian Simon, who died in 1998. Simon was a rare optimist in the fields of population and natural resources. He disagreed with most environmentalists of his day (especially in the 1980s through 1990s). They feared passionately that growing population would overwhelm agriculture and industry and that the world would run out of natural resources such as oil and minerals.
Turmoil is rocking the artificial intelligence industry. Business leaders developing an AI strategy should—in most but not all cases—continue as before the recent big news.
The board of OpenAI fired Sam Altman as CEO on November 17, and the company’s president, Greg Brockman, resigned soon after. Three days later, Microsoft announced, “Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft MSFT -1.2% to lead a new advanced AI research team.”
GOAT: Who is the Greatest Economist of all Time and Why Does it Matter? is an intriguing book by the well-known economist Tyler Cowen in which he tries to determine who is the greatest economist of all time. This book will be enjoyed not only by economists but also those interested in understanding the world of people and their interactions. Importantly, the book emphasizes the non-financial implications of economic analysis in areas such as friendship, community and aesthetics.
Image Caption: Real estate agents arrive at a brokers tour. (Photo by Justin Sullivan/Getty Images) GETTY IMAGES Read the original article on Forbes.com Real estate agents have been slapped with a court ruling that their commission practices violate antitrust...
The U.S. Census Bureau issued new long-term population projections which are gloomy for employers. The growth of the working age population in the current decade, from 2020 to 2030, will be the lowest since the Civil War. These projections indicate even less labor force growth than the previous figures, which were released in 2018. Lower immigration than previously expected dominates the labor force issue. The Census Bureau believes immigration in future years will be about 17% lower than they previously projected—which itself was lower than 2014 projections.