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Reason Magazine

Reason Magazine

Business

Business & Economics

Pour one out for purchasing power this St. Patrick’s Day

Reason Magazine
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President Donald Trump 's tariffs on booze and other party supplies are a direct attack on Americans ' right to party.

Trump recently threatened a 200 percent tariff on booze imported from the European Union .

Beer imported from Mexico , which makes up 84 percent of total beer imports, faces a 25 percent tariff set to go into effect on April 2 .

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Guardian
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Donald Trump has made astronomical estimates about how much money tariffs can raise.

But the people who will benefit most from another giant Trump tax cut are America ’s wealthy.

The Committee for a Responsible Federal Budget estimates tariffs would bring about $120bn a year into the US treasury, and $ 1.3tn over the course of 10 years .

Robert Reich , a former US secretary of labor , is a professor of public policy emeritus at the University of California, Berkeley .

He says the cost of a coffee maker that rises due to tariffs affects you more than it does someone making $1 m a year who can better afford the price increase.

Trump was able to fool most Americans into believing he had created a marvelous economy for them.

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Guardian
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Labour MPs are being accused of pearl clutching’ over plans to cut sick and disabled people’s benefits.

The callousness of this treatment of disabled and sick people is not the Labour way, says shadow chancellor John McDonnell .

There is still time for the Labour cabinet to act like a cabinet and for its members to stand up to the Treasury to halt the cuts in benefits to the disabled and the sick.

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American Thinker
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The Biden EPA awarded $27 billion under the Greenhouse Gas Reduction Fund ( GGRF ) but the real story is where the money landed.

A staggering $20 billionnearly 75% of the total—was funneled to just eight nonprofit organizations, handpicked without competitive bids, outside congressional approval.

The EPA has terminated these questionable grants, cutting off the pipeline and demanding accountability.

The EPA handouts could become one of the most challenging corruption scandals to unwind.

House Republicans are already investigating the scheme, but Democrats are scrambling to protect it, dismissing GOP efforts as partisanship.

A federal judge has issued a restraining order against the administration and demanded evidence from the EPA to justify canceling these grants.

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Slate Magazine

Slate Magazine

Business

Business & Economics

MrBeast is Doing Big Numbers…In the Candy Aisle

Slate Magazine
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The US stock market is plummeting during Trump ’s second term.

Felix Salmon , Emily Peck , and Elizabeth Spiers discuss whether we’re currently living one of those exceptions.

The Wall Street Journal has reported that the Trump family is in talks to invest in the US arm of crypto giant Binance .

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Guardian
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Moving house in 2025 requires you to assemble an elite squadron of friends and family with the perfect combination of skills and stamina.

When I moved house five years ago , I got the first flat I applied for. We edged out one other couple who wanted it, and that was that the deal was done.

This time, amid one of the tightest rental markets Sydney has seen, the process of submitting applications was gruelling.

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The Daily Wire
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The foreign-born population in the United States has surged to a new record high of more than 53 million people, new government data shows.

The figure accounts for 15.8 percent of the entire United States population.

The Center for Immigration Studies says mass illegal immigration drove much of the increase.

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The Daily Wire

The Daily Wire

Business

Business & Economics

The U.S. Postal Service is looking to cut 10,000 employees

The Daily Wire
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USPS has consistently lost money over the past 20 years and had to be rescued by a $107 billion taxpayer bailout in 2023 .

USPS has signed an agreement with the Department of Government Efficiency ( DOGE ) project to identify wasteful spending.

Postmaster General Louis DeJoy says USPS has eliminated unnecessary ground and air transportation needs through better routing practices.

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Guardian
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There is much to consider from cost and capacity to the behavioural changes that can boost efficiency.

Here, Guardian readers make it easy by sharing their experiences and offering key pieces of advice for how to get the most out of it.

Sign up to a wholesale power price retailer so you can charge and export power when it's financially advantageous.

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The New Statesman

The New Statesman

Business

Business & Economics

How can we foster growth in the UK?

The New Statesman
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We need to rethink the way that we invest, says Chaitanya Kumar and Paul Novak .

Growth must mean better lives for everyone not just bigger profits for a few, they say.

Labour ’s workers’ rights plans are common sense reforms that will bring the UK back in line with the international mainstream.

Elevating our regions is the best bet for UK growth.

There are plenty of “big bets” outside of the south-east that have economic potential, too. Government should commit to substantial projects in the north, such as Northern Powerhouse Rail and education, housing and infrastructure. This long overdue action would signal a change of course. Our economy needs to better serve its people. There is no national growth without regional growth and thriving regions are our brightest bet. Zoë Billingham is the director of the IPPR North think tank. This article first appeared in our Spotlight Igniting Growth supplement of 14 March 2025 ..

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