The Trump administration’s push to roll back vehicle fuel-economy standards sets the stage for a lengthy legal battle with Democrats, environmental groups and the state of California, who hail the Obama administration rules as a landmark achievement in the fight against climate change.
Once finalized, the joint proposal from the Environmental Protection Agency and Transportation Department would suspend required increases in corporate average fuel-economy standards (CAFE) after 2020, capping them at a fleet average of 37 miles per gallon. President Obama’s plan, by contrast, called for raising the standard to 47 miles per gallon by 2025.
Continue reading “CAFE Rollback Uncorks Another Regulatory Fight”
Rep. Jim Jordan likely won’t be the next House Republican leader, though that isn’t stopping him from vying to replace Wisconsin’s Paul Ryan as the lower chamber’s top GOPer next year. But the Ohio firebrand is positioned to play kingmaker, shifting House Republicans’ balance of power closer to the conservative edges in the process.
Winning the leadership contest isn’t Jordan’s only motive for running, and possibly not his principal one. He wants to solidify the influence of the House Republican Conference’s conservative flank, particularly that of the Freedom Caucus, the politically far-right group he cofounded in 2015. Continue reading “Jordan Plays House GOP Kingmaker”
Facebook is having a rough week. During an earnings call on Wednesday, the social media giant’s chief financial officer said revenue growth will slow in the coming quarters, spooking investors and sending the stock plunging 19%. A staggering $150 billion in value was wiped out in one day.
The selloff came as a surprise to many followers of the company, since CEO Mark Zuckerberg had earlier pointed out many of the emerging trends that could lead to slower growth and higher costs. Continue reading “Facebook’s Long-Term Plan to Keep Its Business Humming”
Amid all the talk of a Democratic boom in the midterm elections, bear three things in mind that likely will determine whether Republicans maintain control of the House of Representatives: The structural advantages Republicans built into the system over the last few decades; key Republican-held suburban districts; and how much money, hard and soft, each side has.
There is plenty of good news for Democrats, and voter enthusiasm is on their side. However, they have a higher hurdle to clear to win control of the House than they did in 2006, or than Republicans did when they won it back in 2010, because partisan gerrymandering has erased so many swing districts. Continue reading “Three Things to Watch in the Midterms”
Unless Democrats unearth some truly disqualifying information about Judge Brett Kavanaugh, expect the U.S. Court of Appeals jurist to replace retiring Justice Anthony Kennedy on the Supreme Court.
Two days after President Trump tapped the 53-year-old alum of President George W. Bush’s administration, Senate Democrats and liberal groups are struggling to explain exactly why the Washington, D.C. native should be denied the seat. Continue reading “Democrats Make Anti-Kavanaugh Case for Naught”
Smartwatches are far more than gee-whiz gadgets. Their evolution shows the future of wireless innovation. By next decade, the Dick Tracy-like wrist bands will harness next-generation wireless service, or 5G, the cellular upgrade that promises faster, more ubiquitous and lower-powered wireless connections. Smartwatch hardware improvements will find their way into other small devices, such as augmented-reality headsets. Continue reading “What the Future Holds for Ever-Smarter Smartwatches”
Control of Congress is once again on the line as Democrats and Republicans gear up for the November midterm elections. With voting less than five months away, where do the two parties stand?
The race for the House is too close to call at this point. Democrats will certainly gain seats; the “out” party usually does during non-presidential elections. They need a net gain of at least 23 for a majority. Continue reading “Control of Congress on the Line as Fall Midterms Loom”
The strong economy is a political boon to President Trump and Republicans as they fight to maintain control of Congress. The numbers speak for themselves.
Growth is hovering around 3%. Unemployment (3.8%) is the lowest in nearly two decades, with a record number of job openings (6.7 million) to boot. Consumer spending is brisk after starting the year sluggish. Continue reading ““It’s the Economy, Stupid”: Trump and GOP Hope to Ride Economy to Victory in November”
A new “Year of the Woman” is taking shape in politics. An unprecedented number of women are running for Congress and governor this year, reflecting a sharp uptick of overall female participation in politics since the 2016 presidential election, particular within the Democratic Party.
Women still face some challenges, so it’s uncertain how this crop will fare come Election Day. But women have never been better positioned to make gains at the state and national levels. Continue reading “2018 is the New “Year of the Woman” in Politics”
Employers are grappling with holding down 2019 health insurance costs in a tight labor market. While expenses are likely to increase an average of 6% next year, employers are expected to tweak their plans to keep growth around 4%. That’s no small feat given the challenge these days to attract and retain workers. A recent survey by Mercer, a benefits consulting firm, found that two-thirds of workers say the health care a company offers is just as vital as pay when deciding where to work. So, employers will focus on strategies that don’t shift more costs to their employees but try to squeeze out more value for their dollars.
Managing high-cost patients is a top strategy, according to Mercer’s national survey of employer-sponsored health plans. Multimillion dollar claims for patients with complex medical issues are making up a bigger share of employers’ costs. More firms will offer patient advocate services to steer them to the right care at the right place at the right time. The idea is to avoid wasteful, unnecessary treatments while ensuring better care. “There may be five treatment options but maybe two or three have better outcomes,” says Sander Domaszewicz, a consultant with Mercer, a global consulting company. Paying for patients to get a second opinion is another popular move. Continue reading “How Employers are Managing Health Care Costs”