businessandindustry
Roshan Taroll says his mother, Beena Preth, brought him to the United States as a child in hopes he would put his nose to the grindstone and shoot his shot at accessing the bounty of opportunity uniquely offered by America. He will not have the chance. The irony lies in why. The Deferred Action for Childhood Arrivals (DACA) program, instituted during President Barack Obama's administration, protects people from deportation if they arrived in the U.S. unlawfully as children through no fault of their own. Many of those individuals do not meaningfully know any other country but the U.S. as home. ...
Reason
Former President Donald Trump spoke at the Libertarian Party Convention, asking delegates to vote for him, promising, "I will put a libertarian in my Cabinet!" But Libertarians nominated Chase Oliver instead. Unlike most political candidates, Oliver learned about the world by working regular jobs. "My first job was dishwasher," he tells me. "But then I did every job you could do….I moved into the world of logistics, moving goods from one side of the world to the other, and I got an appreciation for free markets." For my new video, I grill Oliver about what it means to be a libertarian. "Someon...
Reason
A new proposal in the New York Legislature would prohibit insurance companies from doing business in the state if they insure businesses that make over 10 percent of their money from fossil fuels. The bill, however, could backfire, encouraging insurers to vacate New York entirely rather than leave the lucrative industry. "Within five years of the effective date of this article," the bill mandates, the "superintendent shall require any insurer doing business in the state to certify that they have divested" from "any company that derives ten percent or more of revenue from exploration, extractio...
Reason
Government overspending, an activity the Biden administration has taken to a new level, has sent the country into an inflationary spiral. Through trillions of dollars in COVID-19 relief programs, infrastructure spending, vote-buying student loan forgiveness programs, and a political "Build Back Better Agenda," the White House has flooded the economy and decimated consumers' purchasing power. We're paying more and getting less for everything from energy to food. According to the House Budget Committee, the average family of four is paying around $1,143 more each month than it was in early 2021 ...
Reason
This week's featured article is "American Small Businesses Are Desperate for Foreign Workers" by Fiona Harrigan. This audio was generated using AI trained on the voice of Katherine Mangu-Ward. Music credits: "Deep in Thought" by CTRL and "Sunsettling" by Man with Roses The post <I>The Best of Reason</I>: American Small Businesses Are Desperate for Foreign Workers appeared first on Reason.com.
Reason
Brett Brownlee's entrepreneurial streak started simply: as a kid, for kid reasons, with his brother. "Growing up, he and I just used to push mowers around our parents' subdivision to try to save up money to buy basketball shoes," he says. The venture looks a bit different these days. Brownlee makes a living running Archway Lawn Care in the St. Louis area. The company brings in millions of dollars in revenue each year and employs around 50 people during peak season. That isn't to say things have always been easy. Archway's staffing has been a bit of a revolving door, with many employees working...
Reason
California now leads the nation in imposing dumb wage laws. The state just raised the hourly minimum wage for fast food workers to $20. Gov. Gavin Newsom said, "We saw the inequities….We had a responsibility to do more." Unions pushed for the higher minimum, and in Democrat-run states, unions usually get what they want. CNN announced, "Half a million California fast food workers will now earn $20 per hour." Gullible leftists at the Center for American Progress claim, "A higher minimum wage would boost millions of families out of poverty and further stimulate the economy." Yippee! It's a happy ...
Reason
Tom Cruise might just be Hollywood's most analog movie star. He reportedly once grew irate when a crew member suggested that a dangerous stunt be performed by a digital double, yelling: "There is no digital Tom! Just Tom!" For last summer's Mission: Impossible—Dead Reckoning Part One, Cruise, who was 61 when the movie hit theaters, actually jumped a motorcycle off a ramp on top of a mountain, let the bike fall down into the canyon, and then parachuted down into the valley below. The complex sequence took a year to plan and shoot. It probably cost a lot of money. There were some computer effect...
Reason
With more tariffs on electric vehicles and an election featuring two pro-tariff presidential candidates on the way, the debate about how best to support and strengthen the U.S. manufacturing sector is back. Some argue, mistakenly, that the key to protecting American industries and manufacturing jobs is a set of tariffs on industrial imports. This approach is ultimately counterproductive. There are better ways to help American manufacturing, not the least of which is to remove regulatory barriers and reform the tax code. U.S. tariffs—taxes on Americans' purchases of imports—are touted as a mean...
Reason
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