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US aims for ‘economic asphyxiation’ of Iranian regime with new wave of secondary sanctions
Treasury Secretary Scott Bessent launches Operation Economic Outcast, targeting Iran's economy with secondary sanctions to cut off global trade revenue.
The Herd Builds Community and Connections for Business Grad Students
Starting a graduate business program at Cal State Fullerton’s College of Business and Economics can be both exciting and challenging. For students balancing coursework with careers, family responsibilities and other commitments, finding a community can make the transition to graduate school easier and more rewarding. At Cal State Fullerton, The Herd is working to create that community. […]
Why one of Trump’s favorite economic statistics is nearly meaningless
President Donald Trump says not to believe the many polls finding that most Americans disapprove of his handling of the economy. On Friday, to argue that his numbers should be much better, he cited a nearly meaningless fact he portrayed as a major accomplishment.
Canada rejected US tariff deal. Now comes the economic cost
Canadians wanted their prime minister to stand tough and not sign a bad trade deal with the U.S. But the collapse of talks, and the escalation of the tariff war,
Proposal to limit 'socioeconomic impact' business density returns to Aurora City Council
The proposal targets vape and smoke shops, pawnshops and second-hand buyers, check-cashing businesses, cannabis dispensaries, liquor stores and extended-occupancy motels.
Trump administration live updates: U.S. expected to announce new economic actions against Iran
Live updates and latest news on the Trump administration. Treasury Secretary Scott Bessent is expected to announce new economic actions against Iran.
Economic Development Forum returns to Downtown Memphis Aug. 25-27
The Economic Development Forum will be at the Renansant Convention Center from Aug. 25 through Aug. 27.
Mexico: Stability, democracy or one-party?
The political and economic future of Mexico hinges on whether the Morena movement can coexist with institutional pluralism and engagement with the U.S.
Schultz: What would a pro-growth agenda look like for Minnesota?
The numbers demonstrate Minnesota is losing ground to other states. We are not an economic wasteland, but we need change, Jim Schultz writes.
Carney warned about economic coercion. Now Trump is testing the Canadian prime minister
Canadian Prime Minister Mark Carney drew international attention earlier this year by warning that middle powers such as Canada must resist economic coercion
The ROI of resilience: The economic case for healing Israel’s traumatized children
There is no greater hidden liability than untreated childhood trauma, and no higher-yield investment than breaking the intergenerational cycle of abuse.
U.S.-Canada Trade Talks Collapse, Sparking Tariffs and Political Fallout in Wisconsin
Trade talks between the U.S. and Canada collapsed late Friday. In response, Canadian Prime Minister Mark Carney put the brakes on negotiations, accusing the U.S. of pushing for “unfair” and “uneconomic” terms.
Business leaders speak on barriers and opportunities for growth in an uncertain future
Black-owned businesses continue to make significant contributions to the U.S. economy, but business leaders say entrepreneurs are facing new economic pressures ...
Proposed Paramount-Warner Bros. merger threatens 4,500 Los Angeles County entertainment jobs
Local officials and labor leaders warn that proposed studio consolidation could wipe out billions in business revenue and devastate local vendors. By A new economic report warns the proposed Paramount-Warner Bros. Discovery merger puts 4,500 direct Los Angeles County jobs and billions in revenue at risk.
socialism-rich-kids-gordillo
Having money isn’t at odds with wanting a fairer economic system.
Pope Leo praises San Marino as model of freedom and common good
Pope Leo XIV has praised San Marino as a model of political freedom and service to the common good, using a visit to the tiny republic to warn against political and economic systems that place power above human dignity
ICYMI: Sen. Banks Joins Kudlow on Fox Business Network
WASHINGTON, D.C. – Yesterday, Senator Jim Banks (R-Ind.) joined Kudlow on Fox Business Network to discuss the conflict in Iran, Economic D-Day, and the DSA’s takeover of the Democratic Party. Click the image above for the full discussion. Key Excerpts on Iran: Sen. Jim Banks (R-Ind.): “At the end of the day, what President Trump and the U.S. Military are doing to push back, […]
US business activity surges to 52-month high: S&P Global
Strong business investment and high equity prices will likely fuel 2.1% economic growth this year, Goldman Sachs said.
“Defiantly Hopeful” - Inside The Movement To Transform Latino Representation In Business
AVANCE recently announced its future plans, including conferences and the acquisition of Hispanic Executive magazine, aiming to elevate Latino leadership. Founders Gary Acosta and Pedro Guerrero highlighted the paradox of Latinos being economic drivers and cultural influencers despite underrepresentation and vilification
What Washington’s new Science & Technology strategy asks of Italy
Washington’s new technology strategy is asking allies to align more closely on supply chains, research, defense and China — creating both opportunities and costs for Italy. That is the assessment of Alberto Pagani, professor at the University of Bologna, in an analysis published by our sister news site Formiche.net
Boston Fed president listens to N.H. business, economic leaders
Susan M. Collins, president of the Federal Reserve Bank of Boston, met on Thursday with business leaders in New Hampshire who are grappling with lingering inflation and an especially tight labor market.
Science is the new national security. What it means for Italy
Washington’s new strategy puts scientific and technological leadership at the heart of national security. Prof. Uricchio explains what this shift means for Italy — and why turning research excellence into strategic weight will require investment, talent and stronger research security
Stewart named VP of workforce development, small business at GOEDC
Skyler Stewart has been named vice president of workforce development, small business, and entrepreneurship for the Greater Owensboro Economic Development Corporation, where officials say she will focus on strengthening the local workforce pipeline and supporting small businesses and startups.
Yuval Noah Harari on the economic and political perils of AI
Humanity must not entrust its lot to clever machines, the bestselling historian warns
4 Tests To Pass Before You Take Your Side Hustle Full-Time
Wondering when to turn your side hustle into a full-time business? Use four tests to assess demand, economics, career fit and your readiness to pivot.
Indiana business leaders seek economic development pole at Freedom 250 race
INDIANAPOLIS — Roger Penske is investing $35 million to bring the thunder of IndyCar to the streets of the Nation’s Capitol during the Freedom 250 this weekend. Indiana business leaders hope …
U.S. National Security Science & Technology Strategy
The following is the White House National Security Science and Technology Strategy released earlier this week. From the report This document establishes a National Security Science and Technology Strategy (NSSTS) to support and enable the 2025 National Security Strategy (NSS). It satisfies the Congressional requirement for a “Strategy…on the nation’s economic security, science, research, and innovation to support the national security strategy” (42 USC 19221; Sec. 10612 of the CHIPS and Science Act, P.L. 117-167) to be submitted by the Director of the Office of Science and Technology Policy (OSTP) after the transmission of each National Security Strategy. The NSSTS
The Partnership lands two international economic development honors
The Greater Baton Rouge Economic Partnership earned two 2026 Excellence in Economic Development Awards.
Technical College System of Georgia Launches Statewide Partnership for Mental Health Support
The Technical College System of Georgia (TCSG), which oversees the state's technical colleges, adult literacy programs, and a host of economic and workforce development programs, today announced a new statewide initiative that will expand mental health support to students across 16 of its colleges. Through a collaboration with Uwill, the leading mental health and wellness solution for colleges and students, the system has committed to ensuring TCSG students have immediate access to counseling an
Live updates: Trump warns of ‘unprecedented’ economic warfare against Iran
Get live updates and the latest news as Trump warns of ‘unprecedented’ economic warfare against Iran
Integrating Food and Health Systems in Africa
Africa’s health systems are increasingly treating outcomes shaped by food systems. Integrating the two could unlock better health, stronger resilience, and significant economic returns.
Our Approach to Drought and Wildfire Is Economically Backwards
Investment to restore degraded land is an investment in economic resilience, write Diane Holdorf and Mahmoud Mohieldin.
Louisiana’s college sports programs are losing money. Can sales taxes save them?
University leaders are considering setting up economic development districts, like one LSU recently created around its Baton Rouge campus, that would give their school access to sales tax revenue already being collected.
Trump Threatens Economic Pain for Countries That Help Iran
The president did not specify what actions he would take, and he has on other occasions abandoned threats to dramatically escalate the war with Iran.
Trump threatens 'unprecedented' economic consequences for any nation aiding Iran
Trump declared "economic warfare" against Iran, warning that any nation or business providing a financial lifeline to the regime will face severe, unprecedented sanctions.
Health outcomes in rural America: A prevention-to-crisis view on determinants of health, chronic diseases, and economic consequences
This America's Rural Future symposium explores the interconnections between health outcomes and economic development in rural areas.
AMC Entertainment Stock Moves Higher Wednesday: What's Going On?
Shares of AMC Entertainment Holdings Inc. (NYSE:AMC) are climbing Wednesday afternoon, lifted by broader market strength following a major macroeconomic policy move.Treasury Bond Buyback Program Relieves Market PressureThe U.S. Treasury Department announced a surprise expansion of its debt buyback…
Roundup: Partnership CEO search / Broadband expansion / Tariff negotiations
Time frame: The Greater Baton Rouge Economic Partnership tells Daily Report it expects to have a new CEO in place in three to four months. The organization launched its national search for a new CEO on Aug. 4. While internal milestones won’t be shared, the Partnership says it remains committed to moving thoughtfully and steadily […]
New research underscores child care’s growing economic stakes
For years, employers and working parents have understood the practical challenges created by a shortage of affordable, accessible child care. New research and polling suggest those challenges are increasingly becoming something else, too: an economic issue with growing political salience. The numbers help explain why. A new national poll from the First Five Years Fund […]
Report: Small Business Inflation Fears Climb » CBIA
Renewed concerns about inflation are weighing on small businesses' economic outlook and tempering hiring and investment plans.
Kentucky Business Leaders Discuss Infrastructure’s Role in Economic Growth With U.S. Transportation Secretary
Kentucky’s infrastructure and its role in economic growth were the focus on Friday as U.S. Transportation Secretary Sean Duffy joined Congressman Andy Barr, Kentucky Chamber...
Backdoor deal or business as usual? An Ohio data center raises transparency concerns
In the southwest Ohio city of Trenton, officials are ushering in large-scale data centers that promise jobs and economic development. But, some residents aren’t sold, saying a lack of transparency is leaving them in the dark.
World University Games a chance to showcase link between sports, innovation in the Triangle
While the 2029 FISU World University Games will undoubtedly provide a significant economic boost, their greatest value may be in showcasing the innovation, diversity and entrepreneurial spirit that define the Triangle.
Maui Small Business leaders get hands-on with AI to save time, drive growth
A small group of small business owners and leaders of non-profits gathered on Aug. 14 to grow their business with AI. The half-day workshop was hosted by Maui Economic Development Board and presented by Marc Rix, an international adviser, speaker, consultant and trainer.
Governor Newsom secures federal disaster assistance for small businesses impacted by Boyle Heights warehouse fire
What you need to know: Governor Gavin Newsom today announced that low-interest federal disaster loans are now available to help small businesses and private nonprofit organizations recover from economic losses caused by the 2026 Los Palos incident, also known as the Boyle Heights warehouse fire, in Los Angeles. SACRAMENTO – Governor Gavin Newsom today announced that the […]
Sen. Durbin Highlights Medicaid Cuts, Small Business Struggles
Sen. Durbin addresses Illinois healthcare costs and small business struggles during state tour. See his stance on Medicaid cuts and economic pressures.
Poll: Most Americans think the economic system is rigged — and it’s shaping midterm politics
CLA Heartbeat Index Economic Confidence Meets AI Reality Check
CLA’s Heartbeat Index finds strong economic optimism as leaders weigh AI investments against measurable business value.
Arkansas Money & Politics 2026 Arkansas Elite Executives
The continued humming along of economic development in Arkansas — or anywhere else for that matter — is not guaranteed.
Will the AI bubble break American politics?
Is the massive investment in artificial intelligence creating a catastrophic economic bubble? In this episode of "Make It Make Sense," Damir Marusic sits down with Impact Theory co-founder Tom Bilyeu to break down the risks of AI-driven debt, shadow banking, and fast-depreciating GPU hardware. They examine how an AI market correction could ignite political extremism, critique US fiscal policy under Donald Trump, and discuss what it will take to rebuild the American middle class.
Athens business owners revitalize storefronts with new city grant
Seven local small businesses are getting a big boost thanks to a new city grant program designed to spruce up properties and foster economic growth.
Eric Jones Calls for a New Politics to Fight Corruption, Corporate Power and Rising Costs
Democratic challenger Eric Jones has initiated a campaign for Congress against longtime incumbent Representative Mike Thompson, with his platform emphasizing political reform, the mitigation of corporate influence, and the amelioration of economic inequality.
North Africa's 'Youth Bulge' Will Remain a Significant Factor in the Region's Politics
Large numbers of young people in North Africa are not inherently destabilizing, but weak job creation and deteriorating public services will deepen social polarization, and make young people an increasingly important driver of economic pressure, protest, violence and migration. In 2025, approximatel
Meet & Greet For County’s Economic Development Administrator Max Khudiakov Draws Few Businesses
Los Alamos Commerce & Development Corporation executive director Lauren McDaniel, far left, chats with Ellyn Felton, Los Alamos County Tourism & Marketing Program Manager, . Anita Barela, C…
Trump has to balance American politics with American interests, political analyst says
'Fox News Sunday' panelists debate the geopolitical and economic fallout from the Iran war, its effect on U.S. gas prices and what it means for President Donald Trump ahead of the 2026 midterm elections.
After a year of upheaval, Minnesota business organizations regroup to address economic slide
The abrupt departure of the Minnesota Business Partnership’s CEO and a merger vote between two key chambers of commerce are among moves different groups are making.
Trump turns to containing the fallout from setbacks in Iran
The current approach — an economic choke hold on Iran — is being led by Treasury Secretary Scott Bessent.
The Legal Paths to Hoarding Political and Economic Power
At the same time that the Supreme Court is making the political landscape less competitive, a series of corporate law developments are concentrating power within the commanding heights of the data economy.
Penn State Smeal, Downtown State College Partner to Provide Hands-On Learning for Students, New Opportunities for Local Businesses
The six-week pilot partnership that serves as a replicable model for how universities and communities can collaborate to strengthen student learning while directly supporting local economic vitality.
Castro-style capitalism: Havana promises economic changes without relinquishing political control
Economists and business leaders argue that Cuba cannot build a new economy without institutional reform, something the island’s government appears unwilling to negotiate
Intermountain Health Named Nonprofit of the Year in Nevada by Urban Chamber of Commerce
The Urban Chamber of Commerce has named Intermountain Health Nonprofit of the Year in Nevada, an honor recognizing the health system's deep investment in the health, economic vitality, and long-term success of Southern Nevada.The award was presented during the Chamber's annual Green Tie Awards, its premier celebration honoring businesses, nonpro...
Scenes From LACDC Business Meet & Greet For County Economic Development Administrator Max Khudiakov
From left, Los Alamos County Council Vice Chair Ryn Herrmann, Los Alamos County Economic Development Administrator Max Khudiakov and County Councilor Suzie Havemann mingle during the Los Alamos Commerce and Development Corporation’s (LACDC) business meet & greet Thursday at SALA Event Center. The event welcomed Khudiakov to the community and gave local business owners an […]
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
The head of the Iran-China Joint Chamber of Commerce said "the consequences of the blockade far outweigh those of a direct war."
‘I’ll settle for not crazy’: Denver business leaders brace for socialist shift after big win for DSA
Denver business owners react to the rise of socialist candidates and how their policies could shape the economic landscape in the Colorado capital.
Nancy Cartwright, philosopher: ‘People distrust science because they feel the system has abandoned them’
The thinker reflects on evidence-based science and advocates for combining methods to put research to good use in economics or public health
Downtown Business Economic Health
Downtown Business Association representatives discuss the economic health of downtown businesses at the Downtown Development Advisory Board.
MHA CEO Report — Strong Hospitals Help Build Strong Communities - MHA | Michigan Health & Hospital Association
Hospitals are often discussed in relation to their impact on patients, but their influence extends much further. Beyond providing care, hospitals help communities attract employers, support local jobs and provide the services families need to live and work in Michigan. Last week, the MHA released the 2026 Economic Impact of Healthcare in Michigan report
Trump’s immigration crackdown is killing small business as patrons avoid ICE deployments
Angelenos stopped going out in places where ICE was in their city, and small businesses lost millions in revenue. Experts warn that it’s a national trend.
How do we decide what time it is? On the politics of clocks, calendars
Time is a concept that varies across cultures and history. While we often think of it as universal, timekeeping has been shaped by politics, religion, and economics.
US long-term borrowing costs hit 25-year high, as inflation fears hit bond sale
Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001
ORED files to stop arena, parking garage work
This post tracks developments in the case filed by Oklahomans for Responsible Economic Development against multiple authorities, including the city of Norman, in regard to the city-approved Rock Creek Entertainment
Sporting KC co-founder Cliff Illig to headline KC Sports Impact Panel at KU exhibition closing event
The University of Kansas School of Architecture & Design’s “Shaping the Future of Football” exhibition concludes Aug. 21 at Keystone CoLAB in Kansas City with the KC Sports Impact Panel. Featured speaker Cliff Illig, principal owner and co-founder of Sporting Kansas City, will discuss Kansas City’s 2026 FIFA World Cup opportunity, the fan experience, and the future of sports, entertainment and economic growth in the region.
Five Takeaways: North Idaho Economic Activity
For its latest episode of Elevating The Conversation, the Journal sat down with Wally Jacobson, executive director of the Panhandle Area Council and the interim executive director of the Coeur d’Alene Economic Development Corp., to discuss North Idaho economic activity.
Small Business, Happy Pets
Local veterinary providers say corporate-owned vet practices are becoming more common as the cost of operating an independent practice increases. Vets say cost of medications and increasing economic…
UK economy grows by 0.4% in second quarter as some businesses helped by World Cup and hot weather
Live, rolling coverage of business, economics and financial markets as GDP rises in June despite Iran war after stagnating in May
Despite economic worries, Russian River Valley businesses report significant rise in summer visitors
Across the Russian River valley, many business owners told The Press Democrat it’s been a great summer, beating early concerns about declining tasting room and tourism-related foot traffic.
Jeff Lightner
Jeff Lightner has been appointed Chief Growth Officer for Marsh McLennan Agency’s Midwest Region, to help shape the region’s growth strategy across talent and growth capital, carrier economics and sales operations.
Mercosur is at risk from US tariffs and politics
Some 35 years ago, at a time of economic and political turmoil in South America, a group of farsighted countries signed the Treaty of Asunción, establishing a common market to promote economic development and social justice through economic integration. Since then, the Southern Common Market, or Mercosur, has increased regional trade and delivered an integrated industrial core that has survived to the benefit of its members, comprising Argentina, Brazil, Paraguay, and Uruguay.
ICYMI: NJEDA to Auction Up to $25M in Business Tax Credits
The New Jersey Economic Development Authority (NJEDA) will auction up to $25 million in corporation business tax and insurance premiums tax credits in the
Apple Skipping iPhone 18 Launch This Year
Apple supplier Pegatron today indirectly confirmed that the standard iPhone 18 model will not be released until next year, according to a new report. Pegatron held an earnings call for the second quarter of 2026 today. On the call, Taiwan's Economic Daily News said Pegatron indicated that one of its customers will be changing its usual smartphone shipment schedule.
Weird Science: Flush with data, North Carolina sewage is exposing community nutrition and food insecurity
A newly published study has successfully demonstrated that analyzing residual plant and animal DNA in municipal wastewater can deliver accurate, real-time population nutrition data. Researchers say this breakthrough could fundamentally change how public health officials monitor dietary habits, food insecurity, and economic health.
Science can help kids build Kansas City’s economic future
The Curiosity Cube interactive mobile lab teaches children about the growing need for STEM careers. | Opinion
Miami DDA awards 15 new business incentive grants
The Miami Downtown Development Authority (Miami DDA) has approved a new round of business incentive grants, supporting the launch or expansion of 15 businesses across the Arts & Entertainment District, Brickell, and the Central Business District. The program has proven a driver of economic activity, helping 40 businesses open their doors in the urban core
Nevada small-business bankruptcies jump 30% as economic pressures mount, LendingTree says
NH's Business: What's happening with state's 2nd-largest revenue-generating industry: tourism?
Fred Kocher sits down with Lucy Lange, commissioner of the New Hampshire Department of Business and Economic Affairs, to discuss whether Canadian visits are rebounding after a big drop last year.
AHA resource: Economic Impact of Disparities in Health Outcomes
The AHA Aug. 11 released a new resource guide designed to address a critical gap by helping leaders understand and quantify the economic burden of disparities of health outcomes. The guide provides practical methods to identify and assess the financial impact of health disparities, along with data-driven approaches to implement interventions that both improve outcomes and reduce costs. READ MORE
Former OMB, State Budget Leader Lauren Larson Joining the Bipartisan Policy Center as Executive Vice President for Economic and Health Policy
Washington, DC — Today, the Bipartisan Policy Center announced that Lauren Larson will join the organization as executive vice president of economic and health policy on August 25. Larson brings deep expertise in fiscal and health policymaking at the state and federal levels. She will run the economic policy and health programs and lead the … Continued
Sick Kids, Stalled Science: America’s Pediatric Health Funding Crisis
Pediatric health is critically underfunded, despite 1/3 of the global population being kids. But the ROI of investing in kids yields profound health and economic returns.
The U.S. Healthcare System is Already Mostly Socialized
Now that Abdul El-Sayed is the Democratic nominee for Michigan’s open Senate seat, the outcome of this crucial race will depend mainly on two things: Whether Republicans succeed in demonizing El-Sayed because he’s brown and a Muslim, and whether they succeed in demonizing him as a left-wing radical. I will defer for the now the question of whether bigotry will be effective this year, although I will address it another day. What I want to address instead is El-Sayed’s signature issue — healthcare. Yes, El-Sayed advocates Medicare for All, a position the usual suspects denounce as “socialism.” I will get to the politics of his stance soon. Today, however, I want to talk about the substance. We should be clear that El-Sayed doesn’t even call himself a socialist. On the contrary, he explicitly disavows the label, saying “I’m a capitalist who just knows about capitalism”. In fact, as I explained in a previous post, the policies that El-Sayed advocates qualify him as a social democrat, not a socialist. Still, El-Sayed advocates a system under which the government would pay almost all medical expenses. Isn’t that socialism? Well, if that is the criterion then much of U.S. healthcare is already socialist. In fact, the government’s role is so large that U.S. healthcare is better described as partially privatized socialism than as anything resembling a free market. Let’s start with the raw numbers on health insurance, which pays the bulk of Americans’ medical expenses. Americans receive health insurance either from private companies or from public programs, overwhelmingly Medicare and Medicaid. Here’s what the breakdown of coverage and spending between private and public looked like in 2024: While a majority of Americans with health insurance get it from private companies, well over 100 million of us are covered by government programs instead. And these government programs pay more total dollars for medical bills than the private insurers do. Why do government programs that cover a minority of the population account for a majority of health insurers’ outlays? Mainly because Medicare covers seniors, and we’re expensive. Also, while Medicaid covers many younger Americans, disabled and elderly beneficiaries account for most of its spending. Even by the raw numbers, then, U.S. health insurance looks as much public as private. But that understates the government’s role: Private health insurance in the U.S. is both highly regulated and heavily subsidized. This is obviously true for the insurance coverage purchased by tens of millions of Americans through the exchanges established by the Affordable Care Act. But employment-based health insurance, which covers 161 million Americans, is far more of a government creation than most people realize. For employment-based insurance exists largely because of huge implicit government subsidies that come with major strings attached. Here’s how that works. If your employer pays you $10,000, that’s taxable income. But if your employer pays $10,000 toward a company health insurance plan that meets certain criteria, it isn’t taxable. That’s a huge effective subsidy, running at more than $300 billion a year. Take that subsidy into account, along with the more than $100 billion per year spent subsidizing policies purchased under the ACA, as well as the outlays on Medicare and Medicaid, and net effect is that the government pays for more than two-thirds of Americans’ health insurance. Granted, there are strings attached. Roughly speaking, employment-based health plans can’t discriminate based on medical history — that is, they can’t deny coverage to employees with pre-existing conditions — and they also can’t offer the plans only to highly compensated employees — a health plan that is only for the C-suite is considered taxable income. So given the restrictions of the federal tax code, employer-based health insurance is a lot like Obamacare, which also prohibits discrimination based on medical history and provides subsidies to make insurance affordable to lower-paid workers. The fact is that virtually all of private healthcare insurance is already well under some form of government control through regulation and tax subsidies. How should we think about this system? First of all, is Medicare socialist? Don’t tell anyone, but the way Medicare operates — it covers every senior’s medical expenses, whatever they turn out to be, while being funded by taxes that depend on one’s income — could be summarized by the old Marxist slogan “From each according to his ability, to each according to his need.” And back in 1961, when Ronald Reagan was the face of a last-ditch effort by the American Medical Association to block the creation of Medicare, he denounced Medicare as “socialized medicine” and warned that it would destroy our freedom. In reality, American freedom survived until Jan. 20, 2025, while Medicare is immensely popular, with an 82 percent favorable rating in the most recent KFF survey. Medicaid, government health insurance for lower-income Americans, comes in at 73 percent. This is in sharp contrast to public views about private insurers, who are widely disliked if not hated and accused of denying essential care. Furthermore, if Medicare is socialism, then the whole U.S. health insurance system, with the government paying most of the bills and placing conditions on private insurers, is almost equally socialist. If you insist on calling any program the government pays for and regulates socialist, then U.S. healthcare would best be described as a partially privatized form of socialism. And one must ask, what is the point of the part that is privatized? Do private insurers add anything positive? Or are they simply parasites, skimming off money that could have been paying for care? The case for viewing insurers as parasites is strong. Many Medicare benefits are now delivered via Medicare Advantage, that is, plans paid for by the government but run through insurance companies. MedPAC, an independent advisory commission, estimates that last year Medicare Advantage plans were overpaid by $84 billion, thanks to practices such as “upcoding,” in which patients’ health problems are overstated to get larger sums from Medicare. Assessing the waste from employer-based insurance is harder, but most evidence suggests that private insurers have substantially higher administrative costs than Medicare does. Furthermore, the complexity of private insurance, with multiple payers all trying to deny care when they can, is a huge burden both on providers — doctors, nurses, and hospitals — and on patients. What do private insurers offer to compensate for these costs? One must go through intellectual contortions to avoid the conclusion that they are, in fact, parasites. Which brings me back to El-Sayed. In supporting Medicare for All, he’s basically calling for an end to the partial, parasitic privatization of a healthcare system that is already hugely dependent on public funding. When one looks at it that way, it’s not at all a radical proposal. Admittedly, the political lift requires overcoming the opposition to higher taxes to pay for Medicare for All. Political realism rather than economics was the reason I and many other progressives supported Obamacare, with all its complexities, rather than demanding an immediate move to Medicare for All. But the political calculus may very well have shifted since the 2000s, as Americans are fed up with a system of unaffordable premiums, rampant claim denials, and byzantine claim administration. Moreover, funding healthcare insurance through taxation would allow for a much more progressive distribution of the cost. That is, compared to the present system, middle-income households would pay less as high-income households would pay more. And the U.S. would stop wasting large sums on pointless administrative costs. So let’s be clear: El-Sayed’s healthcare platform is perfectly reasonable on the merits of cost, fairness and health efficacy. And with private insurers never more hated, while millions of Americans are losing their health insurance, 2026 may be its time. MUSICAL CODA
Business Chief Opens Speaker Applications for CXO Summit 2026
London, 11 August 2026 - Business Chief, a BizClik Media brand, has opened speaker applications for the CXO Summit 2026, inviting Chief HR Officers, People & Culture Leaders, Chief Marketing Officers, Chief Finance Officers and CEOs to join its flagship executive event. The summit, which brings together C-suite leaders to address critical challenges facing modern enterprises, from AI disruption to economic uncertainty. The event has already secured an impressive lineup of speakers from global or
82 northeast Minnesota businesses sign letter to lawmakers requesting wildfire relief funds
The letter comes after Gov. Walz said there would not be a special session held to address the economic impacts of the fire.
Canadian American Business Council (CABC) Launches New Economic Report on the Economic Impacts of US-Canada Tariff Escalation and USMCA
The Canadian American Business Council (CABC) announces the release of its latest economic report, Economic Impacts of US-Canada Tariff Escalation Under the USMCA, providing a comprehensive analysis of the bilateral commercial relationship and the likely economic consequences of three distinct potential outcomes of USMCA negotiations.
UNCW Business School Students Travel to Prague for Real-Life Consulting Experience by David Glew
This article was contributed by Kestrel Smoot, International Programs Coordinator for UNCW’s Cameron School of Business. During the most recent spring semester, 33 upper-level finance and marketing students from the UNCW’s Cameron School of Business traveled to Prague, Czechia, to participate in an intensive international consulting project. Unlike traditional study-abroad programs, the Prague consultancy project focuses on real client engagement. Each year’s project is entirely new, designed through collaboration between faculty and industry partners to identify a current business challenge that students will address. This year, students worked with MAMS-Champi, a Czech non-alcoholic beverage company that is seeking to expand into other global markets. Throughout the first half of the semester, students attend class at UNCW and prepare for their time abroad by conducting preliminary research, developing analytical frameworks, and organizing themselves into specialized teams responsible for tasks such as marketing strategy, industry analysis, consumer segmentation, and competitive evaluation. The course emphasizes independence and teamwork, requiring students to take ownership of their work, manage deadlines, and collaborate across functional groups. Additionally, faculty serve as advisors, allowing students to navigate the complexities of the project much as they would in a professional consulting environment. Once in Prague, students met with company leadership, toured facilities, and refined their recommendations based on real-time feedback. The in-person component is widely regarded as the most transformative aspect of the program because students must synthesize weeks of work into a cohesive presentation and deliver it to the client, demonstrating professionalism, strategic thinking, and adaptability. Beyond the consulting work, students participated in cultural and educational activities that broadened their understanding of global business environments. They explored Prague’s historic districts, learned about Czech culture, and engaged with local professionals. These experiences helped students understand how economic, regulatory, and social factors shape market opportunities. The Prague consultancy project stands as a defining example of the Cameron School of Business’s commitment to experiential learning, consistently strengthening students’ confidence, enhancing their resumes, and serving as a focal point in job interviews. Employers recognize the value of the hands-on experience and transferable skills students gain, underscoring the program’s role in preparing industry-ready graduates for today’s fast-moving business landscape.
InvestUP reports regional business developments
MARQUETTE — InvestUP, a private-sector-led economic development organization based in Marquette, reports a trio of positive business developments in the region. In the first, an Upper Peninsula partnership has secured $850,000 in small business support to all 15 counties of the U.P. The MTEC SmartZone, the Lake Superior Community Partnership and Headwaters North have been […]
LSU and the BUSINESS OF COLLEGE SPORTS
LSU CFO Matthew LaBorde explains how revenue sharing, NIL, facility economics, football scheduling and financial uncertainty are reshaping the business of college sports.
A Maine Town, Once Dependent on a Paper Mill, Tries to Move On
For over a century, Madison Paper Industries was a small Maine town’s economic engine. A new owner moved in, but uncertainty persists.
Low-interest disaster loans available to area small businesses, nonprofits
Local small businesses and nonprofits impacted by severe storms July 4 may apply for low-interest federal disaster loans to offset economic losses
Belfast’s East Side is a ‘business graveyard’ compared to Searsport
The municipalities take a different approach to economic development, the author says.
The Business of Immigration: Ethics, Economics, and the Future of Our Region
About this Program: Immigration has long shaped the identity, economy, and culture of the San Diego–Baja California region. Today, it remains one of the most significant—and often most debated—public policy issues facing our communities. As employers grapple with workforce shortages, governments respond to evolving immigration policies, and families pursue opportunity and security, important questions arise about the economic, ethical, and practical implications of immigration for our region's future. As part of the Engage San Diego: Tough Topics, Real Discussion series, moderator Andrew Blum will lead a thoughtful conversation with community leaders to examine these issues from multiple perspectives. Together, the panel will explore how immigration and immigration policy influence regional economic growth, workforce development, cross-border commerce, public services, and community well-being. The discussion will consider both the opportunities and the challenges immigration presents for employers, policymakers, and the broader San Diego economy, while also examining the ethical considerations that inform business and public policy decisions. Rather than advocating for a single viewpoint, this program is designed to foster informed, respectful dialogue and deepen public understanding of one of the defining issues of our time. Through a balanced exchange of ideas, panelists will explore practical approaches to strengthening our region while recognizing the diverse perspectives that shape this complex conversation. Join us for an engaging discussion that reflects the spirit of the Engage San Diego series—bringing together diverse voices to tackle difficult topics through civil discourse, informed analysis, and constructive community engagement. What We’ll Explore Immigration and the Regional Economy How does immigration influence San Diego's workforce, economic growth, business competitiveness, and cross-border prosperity? Ethics, Policy, and Public Responsibility How can communities balance economic needs, humanitarian values, public safety, and the rule of law in shaping immigration policy? The Business and Government Perspective What roles do employers, local government, and community leaders play in addressing workforce challenges and creating opportunities for shared prosperity? The Future of Our Region As immigration policy continues to evolve, what practical solutions can help strengthen our economy, support our communities, and ensure the long-term success of the San Diego–Baja California region?
New site recommended for Caddo Parish sports complex
A new area is under consideration for a proposed $70 million Caddo Parish sports complex, following a presentation Thursday to the Caddo Parish Economic Development Committee.