📰 Trump is taking decisive action to bring this critical industry back to American soil
President Trump has imposed significant tariffs on imported copper following an investigation under Section 232 of the Trade Expansion Act, citing the material’s importance to America’s economic and national security. The U.S. faces a dangerous dependence on copper imports due to declining domestic refining capacity, leading to a trade deficit in copper-intensive downstream products. To address this vulnerability, the President has implemented tariffs on imported copper products to rebuild and safeguard America’s supply chains. These tariffs aim to revitalize domestic refining and smelting capabilities, create jobs, and reduce reliance on foreign sources for a metal critical to defense and economic security. The move is seen as necessary to protect the economy, rebuild the industry, and ensure national security in the face of global supply chain vulnerabilities and strategic competition.
📰 DOUG SCHOEN: Why AOC could take the White House in 2028 and Kamala Harris won’t
Former Vice President Kamala Harris has decided not to run for California governor, leaving the door open for a potential White House bid in 2028. However, New York Rep. Alexandria Ocasio-Cortez is seen as the front-runner for the Democrats’ 2028 presidential nomination if she chooses not to run for Senate. AOC’s strong polling numbers and fundraising abilities have positioned her as a formidable candidate, surpassing Harris in popularity and support. Ocasio-Cortez’s ability to generate enthusiasm and draw large crowds across the country sets her apart from other potential candidates. Despite concerns about her age and far-left ideology, AOC’s current polling and historical trends suggest she could be a strong contender in the Democratic primary.
📰 The Fed’s foolish interest rate policy is stopping America’s economy from booming
The Federal Reserve announced on July 30 that it would maintain its benchmark interest rate at 4.25% to 4.5%, a decision criticized as foolish for hindering economic growth and making borrowing more difficult for consumers and businesses. The rise in the unemployment rate to 4.2% in July indicates a cooling labor market and the need for economic support. The Fed’s control over the federal funds rate influences economic activity by impacting borrowing costs and consumer behavior. Despite fears of inflation, data shows that inflation levels have remained relatively stable, and historical trends do not support a strong correlation between the Fed’s interest rates and inflation.
Keeping interest rates high, as the Fed is currently doing, can lead to increased costs for borrowing, affecting economic activity negatively. The argument that high rates prevent inflation is challenged by historical data showing low inflation rates during periods of low interest rates. While keeping rates too low can have unintended consequences, the refusal to cut rates may hinder economic growth and make financing debt more expensive. The article suggests that a change in leadership at the Federal Reserve may be necessary to better understand and address economic challenges.
📰 Greece’s hard lesson for NYC: Beware leaders who promise the world
A young and promising politician, Zohran Mamdani, surprised many by winning the NYC democratic mayoral primary nomination, drawing parallels to the rise of former Greek Prime Minister Alexis Tsipras. Tsipras, known for his charismatic leadership and leftist agenda, faced challenges in delivering on his promises of radical change and economic reform in Greece. Mamdani’s proposals echo Tsipras’s focus on wealth redistribution and social welfare programs, raising concerns about their feasibility and potential impact on New York City’s economy and infrastructure. Both leaders advocate for reducing economic inequality and challenging neoliberal economic policies, but the lack of clear economic frameworks in their plans may lead to unsustainable fiscal practices and inadequate public services. The article emphasizes the importance of voters demanding concrete plans and practical governance from political leaders to avoid repeating the pitfalls of charismatic leadership without effective implementation, as seen in the Greek crisis under Tsipras.
📰 DAVID MARCUS: Bring back the Redskins, and everything else torn down by wokeness
The article discusses the potential return of the name “Redskins” to Washington’s NFL team following President Trump’s demand, as the team changed its name to Washington Football Team and then to Commanders in 2020 due to concerns about the term “Redskin” being offensive. The author criticizes the societal madness of 2020, including the removal of statues like the Emancipation Memorial in Boston, and argues that the trend of destroying historical symbols must be reversed. The article emphasizes the need for a rational process to determine which monuments should stay or go, highlighting the importance of respecting history and making informed decisions. It calls for a restoration of lost historical symbols and names, suggesting that society can learn from past mistakes and make corrections. The author concludes by advocating for the reclaiming of history and the renewal of lost symbols like the Redskins’ name, emphasizing the importance of preserving and respecting historical heritage.
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