California’s Proposition 12, which sets animal-welfare standards for meat sold within the state, has been upheld by the Supreme Court. It’s a ruling that should have been expected, and appellants’ claim that the California law violates the Commerce Clause notwithstanding, the ruling is proper. What a State requires of products sold entirely within it is not interstate commerce—which is the province, and the only aspect that is the province, of the clause.
All Prop 12’s law does is place requirements on the meat sold within the State; it imposes no requirements on how other States comport themselves, including how they raise their food animals. Nothing in the law forces other States to incur the costs of complying with it.
Anheuser-Busch…sent a letter to jittery distributors telling them it had cut ties with the firm responsible for the concept that has led to Bud Light sales cratering since Mulvaney last month posted a video on TikTok touting the best-selling beer in the country, multiple sources said.
The Belgian-based conglomerate said the beer can at the center of the firestorm, which features Mulvaney’s face, was not produced by Anheuser-Busch or in any of its facilities, several distributors told The [New York] Post.
Progressive-Democrat President Joe Biden’s Janet Yellen-run Treasury department has—once again—extended a waiver to a rule barring import of Russian oil and gas that was instituted ‘way back in March 2022. Even at the time of the rule’s institution, Treasury created a waiver to allow financial institutions to continue processing dollar-currencied payments for Russian energy in other countries.
The waiver was supposed to expire by that June, but Yellen extended it to early December. She said, through a Treasury spokeswoman,
This license [extension] will provide for an orderly transition to help our broad coalition of partners reduce their dependence on Russian energy as we work to restrict the Kremlin’s revenue sources[.]
A letter writer to Tuesday’s Wall Street JournalLetters section offered a solution to Anheuser-Busch’s marketing fiasco of recent weeks.
A-B should produce a series of cans and bottles featuring labels highlighting soldiers, athletes, teachers, construction workers, etc. I’d start buying again, and I am sure many others would do the same.
I’m not sure I would. A-B’s managers spoke from their heart the first time and said what their values are. This time around, they would only be putting out those subsequent cans in response to the hue and cry over the former. There’s no possibility of taking the change as sincerely done with the current managers in place.
You’ve earned your wages; husbanded them carefully; spent wisely, living within your means; paid your debts promptly and in full. As a result, you’ve gained an excellent credit rating.
Your reward? An artificially inflated mortgage cost, courtesy of the Progressive-Democratic Party-run Executive Branch, and redistribution of the fruits of your success, arbitrarily, to those who haven’t done those things.
The New York City Council is striking again. These wonders are pushing their cutely named Choose 2 Reuse bill, which
aims to improve sustainability in the restaurant business, but would add some friction to a customer experience that is typically defined by its convenience. Consumers would be asked to later return their reusable food containers, knives, forks, and chopsticks either through delivery or logistics partners who come to pick them up or in person via receptacles at participating restaurants. The bill doesn’t require reusable beverage containers.
The Woke BlackRock, and especially its CEO Larry Fink, are not just wide of the mark, they’ve missed the target altogether. Not only does the company push its intrinsically racist and sexist “diversity, equity, inclusion” ideology onto those companies in which it invests—often for the sole purpose of the push; investment quality being irrelevant—now it’s been caught out applying its racism and sexism in its internal hiring practices.
The People’s Republic of China’s latest weapon in its economic war against the West, and against the United States in particular, is to slow-walk merger approvals on anti-trust grounds when either party to the merger, or its result, does or would do business within the PRC.
As preconditions for approving some of the transactions, the people said, officials at the State Administration for Market Regulation, China’s antitrust regulator known as SAMR, have asked companies to make available in China products they sell in other countries—an attempt to counter the US’s increased export controls targeting China.
The Chinese demands could put US companies in an impossible position as Washington has enacted legislation restricting American companies’ ability to sell to China and expanding certain types of production there.
Instead of studying the material. In a Monday Wall Street Journalop-ed, Michael Faulkender and Tyler Goodspeed, University of Maryland Finance Professor and Fellow at Stanford University’s Hoover Institution, respectively, wrote about bank stress tests and their resulting uniformity of banks’ risk management techniques. Citing a Boston Federal Reserve study, they noted that
banks that performed poorly on the mandated Dodd-Frank stress tests subsequently adjusted their portfolios such that they more closely resembled the portfolios of banks that performed well. The average institution’s portfolio is more diversified, but the system is more uniform. By requiring all of the biggest financial institutions to adhere to the same measures, pass the same tests, and follow the same practices, America has lost diversification in the entire banking sector.
Our intervention was necessary to protect the broader US banking system. And similar actions could be warranted if smaller institutions suffer deposit runs that pose the risk of contagion[.]
No, it wasn’t. No, it would not be.
Businesses thrive or fail on their managers’—individual Americans acting in concert with other individual Americans—performance or failure to perform. We individual Americans thrive, or not, on our own decisions, made out of our own obligations and determination to get ahead.