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The year 2016 will be remembered for two stunning developments: the United Kingdom’s exit from the European Union and Donald Trump’s election as U.S. president. Both of these events have been described (correctly) as a populist revolt against globalization. As scholars at the Brookings Institute noted, “It is worth emphasizing that a resistance to globalization
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Two senators are calling foul on government subsidies for professional sports stadiums. Sens. James Lankford, R- Okla., and Cory Booker, D – N.J., introduced a bill Tuesday named “Eliminating Federal Tax Subsidies for Stadiums Act”. “The federal government is responsible for a lot of important functions, but financing sports stadiums for multi-million—sometimes billion—dollar franchises is
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U.S. Senator Chris Murphy (D-CT) on Wednesday urged the president to nationalize the medical equipment supply chain “immediately” to improve distribution of equipment in the wake of the novel coronavirus pandemic. The topic of nationalization came up in a conference call organized by U.S. Senator Amy Klobuchar that included healthcare industry leaders from around the
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The Senate has voted along party lines to ratchet up government spending by passing the misnamed “Inflation Reduction Act.” Although it is described as a $740 billion spending package, it is likely to cost far more than that, judging by its fine print. For example, taxpayers will be on the hook for more bad loans.
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WASHINGTON—Sen. Al Franken, D-Minn., officially resigned in a speech on the Senate floor Thursday amid multiple allegations of sexual misconduct. Franken’s resignation comes the day after several dozen of his Democratic colleagues called for the Minnesota Democrat to step aside. Before announcing his resignation, Franken called himself a “champion of woman.” “I was shocked. I
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In a previous life, I worked in sales. But not just your everyday, run-of-the-mill brand of sales: I worked in a sleazy industry that championed predatory lending practices and distorted the pricing of its lackluster product, which often sent my clients spiraling down a rabbit hole of debt. And to make matters worse, this entire
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