Displaying items by tag: economy

RALEIGH — On May 12, as gas prices in N.C. hit a record high of $4.202 per gallon and the U.S. hit a record of $4.418, according to AAA, President Joe Biden’s administration canceled three potential leases for oil and gas drilling on a million acres in Alaska’s Cooke Inlet. In a statement, the Department of the Interior cited “lack of industry interest” and limited inquiries from oil companies on the lease. But industry insiders say that there is a breakdown between the administration and the petroleum industry that prevents providers from increasing production.

Published in Local News

Climate change is real. Emissions of greenhouse gases from human activities such as power generation and transportation are a causal factor. Because the net effects of climate change are likely to be harmful, governments should enact prudent policy responses.

Published in Opinion

GREENSBORO — President Joe Biden said he is “building back a better America than before the pandemic, with a better way with better pay, and greater dignity for working people.” This during a speech at N.C. A&T University Thursday afternoon in Greensboro. However, recent poll numbers indicate that most people in the state aren’t buying it.

Published in Local News
Monday, 28 March 2022 12:28

OPINION: Feds blew it on COVID relief

If ever there was justification for sudden, expedited, large-scale federal expenditure, the COVID crisis was it. Americans faced a deadly pandemic. Governmental responses to it — some prudent, others panicky — had suppressed mobility, economic activity, and even basic personal freedoms to an unprecedented degree. Some federal relief was necessary.

Published in Opinion

RALEIGH — N.C. Attorney General Josh Stein is getting a slew of complaints from consumers over ever-rising gas prices. 

Published in Local News

RALEIGH — N.C. State Treasurer Dale R. Folwell, CPA, is requesting Congress to provide the tools for state pension funds to pursue economic damages through U.S. courts, which could lead to seizure of Russian assets and properties, and urging the General Assembly to pass a resolution strongly condemning Russian President Vladimir Putin’s murderous military invasion of Ukraine.

Published in Local News

As part of the western  response to Vladimir Putin's invasion of Ukraine, several regimes acted on February 26 to exclude certain Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. As of March 1, Reuters reports, SWIFT says it's awaiting a list of the sanctioned banks so that it can cut them off.

Published in Opinion
Wednesday, 16 February 2022 16:22

Freedom? U.S. dips to record low in global rankings

RALEIGH — The Heritage Foundation’s 2022 “Index of Economic Freedom” puts the United States at a record low ranking, falling from 20th in 2021 to 25th this year out of 177 countries ranked.

Published in Local News

RALEIGH — A new meta-analysis from Johns Hopkins University shows that government-mandated lockdowns in America and Europe during the first wave of the COVID-19 pandemic only reduced the death rate by 0.2%, on average. Researchers concluded that lockdowns “have had little to no public health effects” while imposing “enormous economic and social costs” and should be “rejected as a pandemic policy instrument.”

Published in Local News

The subject of inflation has been on many tongues in the public policy world of late — especially as Republican politicians comb every nook and cranny of the news cycle for topics with which to launch broadsides at the Biden administration.

Published in Opinion
Page 1 of 5