Political News and Conservative Analysis About Congress, the President, and the Federal Government
If, as former President Calvin Coolidge reputedly said, “the chief business of the American people is business,” the chief business of American lawmakers is to avoid hindering Americans at work.Oddly enough, Biden delivered this protectionist pandering to an audience of steelworkers, the very people whom his obstructionism threatens most.
Framed properly, the merger saga concerns basic economics. It involves a geriatric, technologically outmoded, and poorly managed American company, which, having failed utterly in its own right, is endeavoring to return its capital and workforce to productivity by relinquishing its assets to the highest bidder.
Moreover, Nippon owns shares in eight American manufacturers, and it and other Japanese-based firms employ more than 963,000 Americans. And these workers have profited. Dartmouth’s Matthew J. Slaughter reports that “Total annual compensation at averaged $86,859 per worker — about 22% above the average for the rest of the private sector.”
Displaced from their jobs, the erstwhile employees of shuttered firms must find new jobs — no matter what personal financial havoc they must endure in the interim. Some may choose instead to exit the workforce, preferring an early retirement or, for younger Americans, an extended — and often federally subsidized — hiatus from work.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Pardons LGBTQ Service Members Discharged Over Sexual OrientationSee multiple perspectives from BBC News, CBS News (Online), and Fox News Digital at AllSides.com.
Read more »
Regional News PartnersIndianapolis News, Indiana Weather, Indiana News, Indiana Traffic, Indiana Local News, Indiana Sports, Community, Entertainment
Read more »
North Dakota measure to restrict age on political candidates is unfair and un-AmericanA measure to restrict congressional candidates running for office in North Dakota based on age is unfair.
Read more »
Are Republicans abandoning their anti-abortion plank to match American sentiment or for political expedience?Editor Chris Quinn hosts our daily half-hour news podcast, with editorial board member Lisa Garvin, impact editor Leila Atassi and content director Laura Johnston.
Read more »
Presidential debates: Here's what to know about the American political traditionPresidential debates have become a common part of the political campaign season in the U.S., and the tradition has a rather long history. Here's what to know about them.
Read more »
Writer Simon Wu on Political Art, Rave Culture, and “Asian American-Core”Just before the release of his first book, the critic and curator Simon Wu joins us to talk Asian-American aesthetics and theory as therapy.
Read more »