Illinois becomes first U.S. state to tax cryptocurrency transactions at 0.2%, applying even to losing trades. The law takes effect Jan. 1, expected to generate $60 million annually.
19h ago
Austin ISD's top 30 employees earned $5.9 million as the district cut $186 million from its budget, revealing administrative excess that contradicts officials' funding crisis narrative, report finds.
20h ago
Illinois public school enrollment has fallen to levels projected for 2030, driven by a 31% birth rate decline since 2007. Underutilized buildings cost taxpayers thousands more per student annually.
20h ago
Louisiana's new law requires prisons to provide inmates with state IDs, birth certificates, Social Security cards, and work records before release starting August 1, helping over 1,000 monthly releases.
21h ago
California's 2032 plastic ban forces national packaging changes as companies use single designs for all states, prompting 17 states to sue over constitutional commerce violations.
22h ago
Wood Mackenzie reports Nigeria's deepwater oil sector could add 700,000 barrels daily if nine major projects advance, reversing a decade-long decline in Africa's largest producer.
23h ago
Basel III made bank subsidiaries safer, but holding companies shifted risk to weaker nonbank affiliates. Stress tests show recapitalization needs could exhaust buffers at exposed institutions.
1d ago
Oil-price surge in early 2026 raised fuel costs unevenly across shipping fleet, hitting older, smaller ships hardest with increases up to $266 per container on Pacific routes.
1d ago
Arizona's Supreme Court unanimously ruled Phoenix must release union negotiation records, rejecting vague "best interests" claims and reaffirming strong presumption of government transparency under state law.
1d ago
U.S. Fish and Wildlife Service ended its blanket 4(d) rule for threatened species, shifting to tailored protections that reward conservation progress with regulatory relief, following advocacy by conservation groups.
1d ago
U.S. residential electric rates rose 33% since 2019, with California and northeastern states seeing steepest increases. Low-income households face growing burden despite bills remaining historically affordable overall.
1d ago
Indiana regulators launched investigations into utility profits and expense trackers after finding AEP's subsidiary earned 12.6% returns, well above its authorized 9.85%, prompting scrutiny amid affordability concerns.
1d ago
Federal Reserve Chairman Greenspan held rates steady in 1996 despite falling unemployment, betting information technology would boost productivity. His hunch proved correct, offering potential lessons for today's AI-driven economy.
2d ago
Small civilian plane crashed into Beijing's CITIC Tower on June 26, 2026, penetrating China's vaunted air defenses. Hudson Institute analysis says incident exposed regime vulnerabilities and shattered myth of invulnerability.
2d ago
The EU's Digital Markets Act mandates Google share search data and open mobile systems, directly contradicting the Cyber Resilience Act's security requirements, creating an unresolved compliance paradox.
2d ago
Xcel Energy missed Colorado's 2025 emissions target despite $65 million spending, with actual emissions exceeding goals by 7.2 percent and meeting 2030 targets potentially costing over $1 billion annually.
2d ago
U.S. loaned Argentina $20 billion through currency swap, betting on Milei's reforms. Loan supplements $62 billion in multilateral financing as Argentina battles century-long economic decline.
2d ago
Reason Foundation report finds seven Florida cities collected 10 cents or more in fines per revenue dollar in 2023, with loopholes enabling citation-based funding despite quota bans.
2d ago
New England lost jobs and saw unemployment rise to 4.3 percent in May 2026 while inflation hit 4.2 percent, outpacing national trends, Boston Fed reports.
2d ago
Eight U.S. cities have legalized home-based storefronts called accessory commercial units, reversing zoning restrictions as remote work fuels bipartisan support for neighborhood businesses despite expected NIMBY resistance.
2d ago
R Street Institute analysis argues DEA's proposed Schedule I ban on 7-OH would block research and push users to illegal markets, recommending product regulation over prohibition instead.
2d ago
Portugal offers 39% R&D tax subsidies, Europe's highest, while the U.S. grants just 7%. Tax Foundation warns targeted incentives create compliance costs versus broader reform.
3d ago