DOJ examining state laws' impact on economy
'Today, the Justice Department and the National Economic Council announce an effort to identify State laws that significantly and adversely affect the national economy or interstate economic activity and to solicit solutions to address such effects,' reads the press release.
The DOJ explained that President Trump has made a series of demands since his first day in office to deregulate American industry.
For example, in the executive order ' Unleashing Prosperity Through Deregulation,' Trump asked to 'alleviate unnecessary regulatory burdens placed on the American people.'
In another EO, ' Zero-Based Regulatory Budgeting To Unleash American Energy,' Trump asked agencies such as the Environmental Protection Agency (EPA), the Department of Energy, the Federal Energy Regulatory Commission, and others to cease some regulations concerning energy development.
The DOJ, on July 9, for example, sued California Gov. Gavin Newsom (D) and Attorney General Rob Bonta for 'prohibiting farmers across the country from using commonly accepted agricultural methods that helped keep eggs affordable.'
In one example of Trump's deregulation goals, the Department of Labor is seeking to remove 60 'obsolete' workplace regulations, such as the minimum wage. Furthermore, the administration has removed many regulations imposed during the Biden era on environmental laws and climate change.
'We are driving a dagger straight into the heart of the climate change religion to drive down cost of living for American families, unleash American energy, bring auto jobs back to the U.S. and more,' said EPA Administrator Lee Zeldin.
In these continued efforts, the DOJ is asking for comments from the public to help identify 'Which State laws significantly burden commerce in other States or between States, thus raising costs unnecessarily and harming markets nationwide.'
And, 'Whether the State laws identified may be preempted by existing federal authority and, if so, what authority.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Coherent (COHR) Stock Gets $105 PT and Maintains Outperform Rating
Coherent Corp. (NYSE:COHR) is one of the On August 14, Northland raised the firm's price target on the stock to $105 from $95 and kept an Outperform rating on the shares. The rating affirmation follows 'slightly better' than expected fiscal Q4 results. According to the analysts, Coherent headed into earnings trading at a 35% discount to peers Lumentum and Fabrinet (FN). However, it noted that 'the kind of revelry' seen from Lumentum this earnings season 'was not in evidence.' The firm further said that it 'would look to take advantage of sharp after market weakness in the shares.' A financial analyst in a suit analyzing a chart of investments in the US fixed income markets. Coherent Corp. (NYSE:COHR) is an American manufacturer of optical materials and semiconductors. While we acknowledge the potential of COHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Boston Globe
17 minutes ago
- Boston Globe
With moves on West Bank and Gaza City, Israel defies global outcry
The idea of a Palestinian state 'is being erased from the table,' Bezalel Smotrich, the hard-line finance minister, declared after the government approved a settlement project of 3,400 housing units in the heart of the occupied West Bank. Advertisement 'Every town, every neighborhood, every housing unit is another nail in the coffin of this dangerous idea,' Smotrich said Wednesday. At the same time, the Israeli military said it was advancing plans to take over Gaza City, with troops already on the city's outskirts and tents being moved into the southern Gaza Strip for displaced people. An additional 50,000 reservists would be told to report for duty in September, while troops have already obtained 'operational control' over 75 percent of the Gaza Strip, the military said in statements. The United Nations has put that number closer to 90 percent. The military 'has begun the next phase of the war,' said Brigadier General Effie Defrin, the Israeli military's chief spokesperson. The looming assault aims to prevent Hamas — which led the deadly Oct. 7, 2023, onslaught on southern Israel that started the war — from regrouping and planning future attacks, an Israeli military official, who requested anonymity in line with military protocol, told journalists at a briefing Wednesday. Advertisement About 1,200 people were killed and around 250 others kidnapped during the 2023 assault. After nearly two years of Israel's retaliatory war against Hamas, the Gaza Strip has been largely leveled and parts of it have been brought to the brink of famine. More than 60,000 Palestinians have been killed, according to the Gaza Health Ministry, which does not distinguish between combatants and civilians. For Netanyahu, 'it doesn't matter if these steps — the war in Gaza and the quasi-annexation in the West Bank — would damage Israel's relations with the Arab world,' said Michael Milshtein, an Israeli analyst and former military intelligence officer. He said both developments also showed that Netanyahu believes he can continue to depend on American support, even as Arab and European nations sharply condemn Israel's actions. World leaders quickly condemned the announcements on Gaza City. 'The military offensive in Gaza that Israel is preparing can only lead to disaster for both peoples and risks plunging the entire region into a cycle of permanent war,' President Emmanuel Macron of France said on social media. France is among a growing number of countries that, frustrated with Israel's war in Gaza, have declared in recent months that they will recognize a Palestinian state at the annual UN General Assembly in September. While the United States has for years endorsed a so-called two-state solution, it has blocked recent efforts to recognize full Palestinian statehood under current conditions. Advertisement Prospects for a functional Palestinian state have been dim for years, and its boundaries have never been clear. Netanyahu has not publicly shared his position on the new ceasefire proposal, which Hamas has accepted and was announced this week by Qatari and Egyptian mediators. But a statement that his office released Wednesday night seemed to signal that the military operation was soon to begin. Smotrich has led a pressure campaign by hard-liners who have threatened to quit Netanyahu's coalition, and potentially bring down his government, if the proposed ceasefire deal was pursued. Orit Strock, a minister in Netanyahu's government and a member of the far-right Religious Zionism party, warned the prime minister in a radio interview about accepting a deal that did not defeat Hamas and put 'the value of returning the hostages above the national interest.' 'This will push the country into a horrible abyss,' Strock told Army Radio. 'So it is very possible that we will say we will not be prepared to lend our hand to the government.' The new proposal has been described as a 'partial deal' that would not immediately release all hostages and would postpone discussions about ending the war, including the issue of disarming Hamas. As many as 20 hostages are still believed to be alive, according to Israeli authorities. The bodies of 30 others, they say, are being held in Gaza. Many Israelis fear that Hamas will kill the remaining hostages if the military operation goes forward. The Israeli official who briefed journalists Wednesday described the military operation as 'gradual, precise, and targeted,' saying it would extend into areas of Gaza City where Israeli soldiers had not previously been during the war. Advertisement The city and its surrounding neighborhoods remain a stronghold for Hamas fighters and the militants' government, the official said. Two other Israeli military officials said the operation would unfold in parts. First, troops would encircle Gaza City while allowing the population to move south, passing through checkpoints to prevent Palestinian militants from escaping. Then, the troops would move in with force. The officials spoke on the condition of anonymity to discuss operational details. Ahmed Saleh, 45, said Israeli troops were sending remote-controlled vehicles packed with explosives to blow up buildings, block by block, in the Zeitoun neighborhood near where he lives in Gaza City. 'I hear the big explosions all the time; they are getting closer,' said Saleh, adding that he would try to stay in his home for as long as possible. If he is forced to leave, Saleh said, he would head west to a beachfront, where he previously lived in a tent while waiting for the violence to ebb. Although worried that Israeli forces will close escape routes to the west, Saleh said he will not move to southern Gaza, as Israel is demanding of displaced residents. 'There are no services there at all, but most importantly, there is no room left for newcomers in the south,' he said. 'I know no one there and have no more money to pay for that trip.' As the international community has focused on the devastating war in Gaza, the Israeli government has barreled ahead with settlement construction in the West Bank. The project that was given final approval Wednesday, known as East One, or E1, was delayed for more than two decades. While the United States had pressured Israel to reject settlement expansion, the Trump administration has been far less critical of settlements than most of the international community, which generally considers them to be illegal and obstacles to Israeli-Palestinian peace. Advertisement About 500,000 Israeli settlers and about 3 million Palestinians live in the West Bank. Israeli authorities have advanced plans for more than 20,000 housing units as of late July, already the highest tally in years, according to Peace Now, an Israeli settlement watchdog. That has been accompanied by a campaign of brazen attacks by Jewish extremists on Palestinian communities. On Wednesday, Jordanian Foreign Minister Ayman Safadi cited a 'completely inhumane reality that the Israeli aggression has created in Gaza.' He also accused Israel of taking 'illegal measures that continue to undermine the two-state solution and kill all prospects for peace in the region.' The Israeli military official said the new operation will also expand humanitarian aid in southern Gaza, where displaced people are being told to move. That will include opening new aid distribution sites, ensuring there is no fighting near them and opening new routes for trucks to safely bring in more supplies. This article originally appeared in
The Hill
17 minutes ago
- The Hill
Work begins in Finland on a new Canadian icebreaker for Arctic defense
HELSINKI, Finland (AP) — Dignitaries at a steel-cutting ceremony Wednesday in Finland marked the start of work on a new Canadian icebreaker to be named the Polar Max and aimed at bolstering Arctic defense. The event marked the concrete beginning of a trilateral partnership of the United States, Canada and Finland announced by the White House in July 2024 to bolster defenses in a region where Russia has been increasingly active. Russia has vastly more icebreaker ships than the U.S. and Canada at a time when climate change has made the remote but strategically important Arctic more accessible. The Icebreaker Collaboration Effort, or ICE Pact, aims to leverage Finland's advanced shipbuilding expertise and technologies to help meet U.S. and Canadian demand for new icebreakers. Canada's minister for defense procurement, Stephen Fuhr, said his country is bringing its coast guard into the military and that investing in the Arctic is important for the future. 'The North is opening up, there are many reasons to be up there,' Fuhr said. 'There's security issues, resource development.' The hull will be built at Helsinki Shipyard before being transported to Canada where it's expected to be completed in Levis, Quebec by 2030. Quebec's Economy Minister Christopher Skeete highlighted the benefits of cooperating on the building of the new icebreaker. 'It's a partnership and we have a shared responsibility for the North, so this is a unique and very opportune partnership that allows us to leverage the strengths of both our countries in terms of maritime Arctic protection,' he said. 'The North is becoming more and more accessible, there are more and more rivalries in the North, and so we have to be prepared to assert our sovereignty out there,' Skeete added. During a NATO summit in June, U.S. President Donald Trump said Finland was the 'king of icebreakers' and suggested the U.S. might be willing to buy as many as 15 of them, including the used icebreaker that Trump said might be immediately available. 'We're trying to make a good deal,' Trump said. According to a U.S. Government Accountability Office report, the U.S. hasn't built a heavy polar icebreaker in almost 50 years. The last remaining one in service is the 399-foot Coast Guard Cutter Polar Star commissioned in 1976. During a talk in February at the RAND research organization, U.S. Coast Guard Vice Admiral Peter Gautier said the agency has determined it needs eight to nine icebreakers — a mix of heavy polar security cutters and medium Arctic security cutters. Building an icebreaker can be challenging because it has to be able to withstand the brutal crashing through ice that can be as thick as 21 feet (6.4 meters) and wildly varying sea and air temperatures, the report said.
