Opinion: Tariffs are a bad idea

first_img Previous articleThe Leap: Staying on campus during Easter? We’ve got you coveredNext articleNewest construction plan aims to close parts of Bellaire Drive for pedestrian walkway Hank Fitzgerald RELATED ARTICLESMORE FROM AUTHOR Linkedin Linkedin Twitter Student Government Association representatives are now required to complete 10 hours of community service a semester, the SGA deputy chief of staff said at a meeting Tuesday night.SGA Deputy Chief of Staff Lauren Nixon presented the new service requirements to SGA members, which include five hours of service to the university and five hours to the community, during the SGA’s weekly meeting. ReddIt Hank Fitzgerald + posts Hank Fitzgeraldhttps://www.tcu360.com/author/hank-fitzgerald/ Opinion: We need more conservative professors Facebookcenter_img Abortion access threatened as restrictive bills make their way through Texas Legislature Facebook Hank Fitzgeraldhttps://www.tcu360.com/author/hank-fitzgerald/ printThe results are in and four out of five economists agree: tariffs are a horrible idea.Tariffs are not a topic we discuss often in the modern era. The United States has generally followed a policy of free trade, at least since WWII. We participate in multiple international organizations, like the World Trade Organization (WTO), designed to promote free trade among their members. The United States has pursued this policy based on years of economic research that tells us that free trade benefits the economies of all the countries involved.For those of us who aren’t economists: a tariff is a tax on imported goods. They are meant to protect industry in the country that levies them, by making goods from overseas more expensive or keeping those goods out of the market altogether.For example, in order to help American steel and aluminum manufacturers, President Donald Trump said he wants to place an import tariff on steel and aluminum. Foreign steel manufacturers would have to charge more to cover the cost of this tax, meaning that American companies would use less foreign steel to build their products.It sounds great, especially to a president like Trump, who gained thousands of voters from organized labor by promising to revitalize American manufacturing. However, there are a few problems with this theory that should lead most Americans to the conclusion that tariffs are a bad idea. In the Trump era, many of us have a tendency to support or oppose a policy based on whether  Trump supports it or not. Democrats and Republicans alike need to understand why they should stand firm and oppose the president on this issue.First, the price of many goods will go up for American consumers. The whole reason to place a tariff on a foreign good is that the foreign good can be produced and sold cheaper than its American equivalent. So, when you place tariffs on steel and aluminum, the price of anything made of steel or aluminum will go up.Think of everything you can that is made of either steel or aluminum. The prices of thousands of products that millions of Americans use every day would rise– meaning fewer Americans would be able to afford some of these products.For instance, think about all the steel and aluminum TCU uses in its endless construction projects. If those projects become more expensive to complete, that higher cost could be passed on to you in the form of tuition increases. Yes, steel and aluminum tariffs could even affect your college tuition.Next, tariffs usually invite tariffs in return. If the United States places a tariff on Chinese goods, it is almost certain that China will place a tariff on American goods– which is exactly what they did last week. This actually harms U.S. industries because it can shrink or even completely close off a huge market for them to sell their goods. Americans with good jobs working in export industries could lose their jobs or take a cut to their pay or hours.We have already seen this with the recent talk about steel and aluminum tariffs. When Trump announced his intention to pursue tariffs on steel, many European leaders threatened tariffs on U.S. goods in return. This vicious cycle of meeting tariffs with tariffs, otherwise known as a trade war, harms the economies of all involved. The prices of many goods go up, meaning fewer Americans can afford those goods, industries affected by the return tariffs might have to lay off workers, and overall cooperation between the United States and important ally nations would suffer.Finally, since the U.S. is a member of the WTO, any other WTO member could challenge the tariffs. If the WTO rules the tariffs to be unjust and Trump chooses to ignore that ruling, it could undermine the WTO as an international institution and hurt our relations with the 163 other member states.Many Americans, however, don’t think the U.S. needs the WTO. I would argue that Trump doesn’t think we need any international organization, including this one. It is important to remember that the U.S. has brought disputes before the WTO 115 times and most of the time we get what we want. Trump’s claim that, “The WTO was set up for the benefit of everybody but us,” is completely untrue. The U.S. has used the WTO many times throughout its history to fight against trade policies in other countries that harm U.S. businesses and workers. In fact, for many years countries like China have accused the WTO of being an organization biased in favor of the U.S.It must be noted that these tariffs could benefit some Americans. Members of the steelworkers union love these tariffs because they increase the demand for U.S. steel since there is no alternative– but most of us are not steelworkers and there will never be enough steel jobs to benefit the majority of Americans. We can’t prioritize this one industry over the others.The bottom line is that tariffs are a bad idea. They harm American industry more than they help it. Even if the most promising estimates are true, the number of jobs produced in the steel industry will not come close to covering the jobs lost as a result of Trump’s tariffs.This talk of tariffs, trade balances and trade wars is misguided and dangerous. Someone has to stand up to the President on this disastrous policy before it’s too late. What we’re reading: Chauvin found guilty in Floyd case, Xi to attend Biden’s climate change summit Opinion: Beto won’t beat Ted in senate race ReddIt Twitter What we’re reading: Former Vice President dies at 93, Chad President killed on frontlineslast_img read more

Council urges owners of second homes to pay NPPR charge before September

first_imgNews WhatsApp Google+ Twitter Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan fire Council urges owners of second homes to pay NPPR charge before September Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleMcGrath on course for Ulster FinalNext articleHarte ruled out of next weekend’s Qualifier News Highland WhatsApp Twittercenter_img Donegal County Council is urging all property owners who have yet to pay their Non Principal Private Residence charge to do so before the end of the summer.The council says the charge has been payable since 2009, and anyone who hasn’t paid since then now owes just over €4,000.However, from September, that will rise substantially.The combined principal charge and late penalty fees for the years 2009 to 2013 is now €4,220, and that is set to rise to €7,230 from the 1st of September.With that in mind, the council says all property owners who have yet to register and pay their NPPR liability should do so before the 31st August.The council says it is actively identifying property owners who may have a NPPR liability using data provided by the Revenue Commissioners, and will be pursuing these outstanding charges.The authority is also carrying out another publicity campaign north of the border, where the owners of a substantial number of Donegal holiday homes are based. Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic By News Highland – July 5, 2014 Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Pinterest Facebooklast_img read more

Lidl Supermarket on Derry’s Buncrana Road set to move

first_img Lidl Supermarket on Derry’s Buncrana Road set to move The Lidl Supermarket on Derry’s Buncrana Road is set to move.Derry City and Strabane District Council’s Planning Committee has approved an application for the relocation of the existing premises at 24 Buncrana Road to a vacant plot on the corner of Buncrana Road and Springtown Road.The council was told the current site has a shortage of parking spaces, and only limited staff welfare and storage facilities.Both will be improved at the new development. Facebook Facebook Twitter WhatsApp Previous articleSligo win for Oisin OrrNext articleBars & restaurants in North can open from today News Highland Arranmore progress and potential flagged as population grows Loganair’s new Derry – Liverpool air service takes off from CODA Homepage BannerNews Pinterest Twittercenter_img Important message for people attending LUH’s INR clinic Pinterest Google+ Google+ Community Enhancement Programme open for applications Nine til Noon Show – Listen back to Monday’s Programme News, Sport and Obituaries on Monday May 24th RELATED ARTICLESMORE FROM AUTHOR WhatsApp By News Highland – July 3, 2020 last_img read more

Milford and Letterkenny have the highest Covid incidence rates

first_img Nine til Noon Show – Listen back to Monday’s Programme Loganair’s new Derry – Liverpool air service takes off from CODA Homepage BannerNews Important message for people attending LUH’s INR clinic Previous articleFoster “astounded” by Varadkar’s border commentsNext articleExclusive: Direct Provision Centre to be established in Letterkenny News Highland Twitter Pinterest Pinterest By News Highland – November 26, 2020 Facebook WhatsApp Google+center_img Milford and Letterkenny have the highest Covid incidence rates WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter Community Enhancement Programme open for applications Arranmore progress and potential flagged as population grows Google+ Facebook Publicans in Republic watching closely as North reopens further One Electoral Area in Co Donegal had three times the national average rate of Covid-19 infection up to Monday night.The 14-day incidence rate nationally was 107 per hundred thousand — but the Milford district had a rate of 355.Neighbouring Letterkenny was the only other area in the country with a rate over 300.The latest figures are -Letterkenny      91 cases          305.5 per 100,000South INishowen    63 cases      281 per 100,000Lifford/Stranorlar    53 cases      204.7 per 100,000Milford                  49 cases       355.8 per 100,000North Inishowen      45 cases         265.3 per 100,000Glenties                  43 cases         179.8 per 100,000Donegal                  35 cases          132.1 per 100,000last_img read more

Fingerprinting gun owners approved by Illinois lawmakers

first_imgAlthom/iStock(SPRINGFIELD, Ill.) — A bill passed on Wednesday by the Illinois House would require gun owners to be fingerprinted and pay more for identification cards.The state Senate still must approve the bill before it could be signed into law.The bill is said to be in response to a shooting at a factory in Aurora where six people, including the gunman, were killed.Gary Martin, 45, killed five coworkers before dying in a firefight with police in February. A convicted felon, Martin never should have obtained the FOID card he used to purchase a .40-caliber Smith & Wesson handgun used in the attack, police said.FOID cards currently cost $10 and last for 10 years. The new bill would require cards cost $20 and instead last five years, and that card owners be fingerprinted.In the U.S., according to data compiled by FiveThirtyEight, more than 33,000 people die every year from gunfire. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

JUST IN: EPD UPDATE ON VFW SHOOTING

first_imgAt 7:07pm on Sunday, Evansville Police were called to the VFW Post at 110 N Wabash for a report of a person with a gun. While officers were responding, the incident was upgraded to a call of shots fired. The first officer arrived and heard at least one gun shot being fired from inside the building. There were numerous people fleeing the building from multiple exits. Many were yelling that there was a shooter in the building. Because it was BINGO night, there were hundreds of people in the building when the shooting happened. The first officer on scene notified dispatch that this was an active shooter and then he immediately entered the building. Once he entered, he was directed towards several men who were on the ground. The officer was able to quickly determine that the shooter was being held down by several bystanders. The officer was able to get one handcuff on, but not the second. Additional officers arrived and after a struggle, the suspect was taken into custody. Officers were then told of a shooting victim in another room. Officers found Paul Glover (48) with a gunshot wound to the abdomen. Officers began rendering aide and medical crews were called into the building to treat Glover. Glover underwent surgery and is expected to survive. The suspect has been identified as 70 year old JOHN MICHAEL BURGHARDT.  Burghardt was taken to a local hospital for medical treatment. Physical force was used on Burghardt during this incident, but he was not shot. He is under police guard until he is released and processed into the Vanderburgh County Jail. Based on statements from several witnesses, police believe the shooting incident stemmed from an earlier verbal altercation between Burghardt and another member of the VFW Post. Burghardt was told to leave the building after threatening to shoot the other man. Burghardt was spotted outside the back door after being told to leave and was confronted by a VFW member. Burghardt pointed a revolver at the man and told him to back off. The man fled and Burghardt then approached the back door of the building. It was there that he was confronted by Paul Glover. Glover was armed with a handgun and told Burghardt he was not coming into the building. Burghardt fired one shot, striking Glover in the abdomen. Two people were able to pull the door shut, preventing Burghardt from entering the building. Burghardt pulled the trigger at least once while being shut out, but the gun failed to fire. While 911 was being called, Burghardt went to the front of the building and entered through the front door, where he was confronted by Robin Simpson. Fearing she would be shot, Simpson grabbed a grill scraper and pushed Burghardt back. Burghardt pulled the trigger, but the gun failed to fire. He pulled the trigger again and the gun fired, but the bullet missed Simpson. Paul Ellington then tackled Burghardt and several others helped disarm and hold Burghardt down until officers arrived.  A crime scene technician examined the revolver Burghardt used in the shooting. There were two unfired rounds in the weapon, but their primers had been struck. Which indicates the firing pin hit the casing, but failed to fire a bullet. Police believe Burghardt was targeting a specific person, but fired upon anyone who tried to stop him. The actions by Paul Glover, Robin Simpson, Paul Ellington and the others who put themselves in harm’s way to keep him from entering was heroic. The first officer on scene was Sgt. William Arbaugh. He joined the EPD in March of 2010 and was recently promoted to Sergeant in November of 2018. Sgt. Arbaugh’s decision to immediately enter the building is a testament to his bravery. It also reinforces the importance of the Evansville Police Department’s ongoing, high quality training on active shooter response.Upon his release, Burghardt will be 3 counts of Attempted Murder with a Firearm, Criminal Recklessness with a Deadly Weapon, and Intimidation with a Deadly Weapon. Incident timeline- (military time)1907:45    911 call for person with a gun1908:42    Call routed to EPD dispatch1909:12    Officers dispatched1909:45    911 caller heard gun shot1911:52    First officer arrived1912:10    Officer heard gunshot 1912:26    Officer entered the building to locate the shooter1912         Officer finds two men holding shooter down1912         Two more officers arrives and assist in arresting the shooter1913:26    Victim is found and officers begin medical treatment1914:20    Shooter in officially in custody      1914:25    Medical crews requested to treat the victimDuring the course of this incident and investigation, numerous witness were interviewed. Anyone who witnessed any portion of the incident and has not spoken to police is asked to call EPD at 812-436-7979. FacebookTwitterCopy LinkEmailSharelast_img read more

Patrick wins Daytona 500 Coors Light Pole

first_img3495Scott SpeedLeavine Family Racing Ford 810Danica Patrick #GoDaddy Chevrolet 4278Kurt BuschFurniture Row Chevrolet 943Aric AlmirolaSmithfield Ford 2526Michael WaltripSandy Hook School Support Fund Toyota 1236JJ YeleyGolden Corral Chevrolet 3020Matt KensethDollar General Toyota 4499Carl EdwardsFastenal Ford 3852Brian KeselowskiTruckerFan.com Toyota 613Casey MearsGEICO Ford 318Kyle BuschM&M’s Toyota 2411Denny HamlinFedEx Express Toyota 2116Greg Biffle3M Ford 2215Clint Bowyer5-hour Energy Toyota Daytona 500 Coors Light Pole Qualifying Live Leaderboard 1155Mark MartinAaron’s Dream Machine Toyota 4335Josh WiseMDS Transport Ford 1439Ryan NewmanQuicken Loans Chevrolet 312Brad KeselowskiMiller Lite Ford 1627Paul MenardMenards/Peak Chevrolet 3631Jeff BurtonCaterpillar Chevrolet Watch: Danica Patrick’s pole-winning run 4542Juan Pablo MontoyaTarget Chevrolet 1747Bobby LabonteKroger Toyota 2333Austin Dillon(i)Honey Nut Cheerios Chevrolet 2751Regan Smith(i)Guy Roofing Chevroletcenter_img 137Dave BlaneyFlorida Lottery Chevrolet #CarDriverTeamTimeSpeedTimeSpeed Tony Stewart rolls off first in Coors Light Pole Qualifying as he seeks his first Daytona 500 win 532Terry LabonteC&J Energy Services Ford 456Martin Truex, Jr.NAPA Auto Parts Toyota 181Jamie McMurrayMcDonald’s Chevrolet 1093Travis KvapilBurger King/Dr.Pepper Toyota 798Michael McDowellK-Love/Curb Records Ford 159Marcos AmbroseStanley Ford 2887Joe Nemechek(i)Florida DOT/D.A.B. Constructors Toyota 4021Trevor Bayne(i)Motorcraft/Quick Lane Tire & Auto Center Ford 3238David GillilandLove’s Travel Stops Ford 3522Joey LoganoShell Pennzoil Ford 2083David ReutimannBurger King/Dr.Pepper Toyota 1917Ricky Stenhouse, Jr. #Best Buy Ford 2924Jeff GordonDrive to End Hunger Chevrolet 3934David RaganDetail Doctor Ford We apologize. We are having technical issues with our comment sections and fan community and it is temporarily unavailable. We are actively working on these issues and hope to have it up and running soon. We are also working on enhancements to provide a better forum for our fans. We appreciate your patience and apologize for the inconvenience. 4129Kevin HarvickBudweiser Chevrolet 2688Dale Earnhardt, Jr.National Guard Chevrolet 219Mike Bliss(i)G-Oil/Plinker Tactical Toyota 114Tony StewartBass Pro Shops/Mobil 1 Chevrolet 3348Jimmie JohnsonLowe’s Chevrolet 375Kasey KahneFarmers Insurance Chevroletlast_img read more

Suwannee Hulaween Reveals Phase One Lineup

first_imgIt’s hard to imagine Suwannee Hulaween getting any better than last year… Until now! The festival’s first wave line-up announcements are here and are already promising a killer 2016. Taking over the Spirit of Suwannee Music Park October 28-30 for the third year, the so-far lineup includes headlining acts from… Top-knotch performances from … round out a perfectly diverse spread, bringing in the likes of electronic, funk, jamtronica, and good ol’ rock and roll. Watch All Of String Cheese Incident’s Incredible ‘Ghoul Train’ Halloween With GZA, Antibalas From Last YearIn addition to the stellar music experiences and totally unheard of collaborations, the park is adorned with mind-blowing art installations that will have you walking around Spirit Lake for hours finding more and more interests to get lost in. The three-day weekend is unlike anything else, and definitely not to be missed.More information on the poster below and also on the festival’s website. How will you spend your Halloween?last_img read more

Oteil Burbridge’s Wife Reveals Why Dead & Company Changed Stage Positions In New Mexico

first_imgOn Wednesday night, Dead & Company headed to Albuquerque, NM’s Isleta Amphitheatre, marking the Grateful Dead-inspired ensemble’s penultimate stop ahead of the band’s tour-closing two-night run at Boulder, Colorado’s Folsom Field tonight and tomorrow.As noted in Live For Live Music’s review of the evening,The band took the stage in a somewhat unusual formation, with Oteil Burbridge occupying the space to Bob Weir‘s left where Jeff Chimenti‘s keys usually sit and Chimenti set up in Oteil’s normal spot to John Mayer‘s right. The reasons as to why the change was made are anyone’s guess. This writer, for one, thinks the thought process may have something to do with the musical sparks that have been flying between Chimenti and Mayer all summer—put them closer together, and maybe those sparks might glow brighter… Or, you know, it could have been for practical reasons with no deeper meaning whatsoever. But whatever the reason for the stage plot switch-up, those moments of magic between John and Jeff continued in kind in New Mexico.While a number of fans have taken to social media discussing why the band decided to switch up their stage positioning in New Mexico, it seems that we’ve finally gotten a clear answer from someone close to the band. Oteil Burbridge’s wife, Jess Burbridge, revealed in an Instagram story that Bob Weir initiated the change. As she explained in the Instagram story, “Bob wanted [Oteil] closer so they could connect better.”Check out Jess Burbridge’s post below. As for tonight and tomorrow, who knows if the positioning switch will reappear during Dead & Company’s shows at Folsom Field.last_img read more

Understanding tiny reactions

first_imgCarbon nanotubes, long touted for applications in electronics and in materials, may also be the stuff of atomic-scale black holes.Physicists at Harvard University have found that a high-voltage nanotube (a tiny tubelike structure) can cause cold atoms to spiral inward under dramatic acceleration before disintegrating violently. The physicists’ experiments, which are the first to demonstrate something akin to a black hole at atomic scale, are described in the current issue of the journal Physical Review Letters.“On a scale of nanometers, we create an inexorable and destructive pull similar to what black holes exert on matter at cosmic scales,” said Lene Vestergaard Hau, Mallinckrodt Professor of Physics and of Applied Physics at Harvard. “As importantly for scientists, this is the first merging of cold atom and nanoscale science, and it opens the door to a new generation of cold atom experiments and nanoscale devices.”Hau and co-authors Anne Goodsell, Trygve Ristroph, and Jene A. Golovchenko laser-cooled clouds of 1 million rubidium atoms to just a fraction of a degree above absolute zero. The physicists then launched this millimeter-long atomic cloud toward a suspended carbon nanotube, located some two centimeters away and charged to hundreds of volts.The vast majority of the atoms passed right by the wire, but those that came within a micron of it — roughly 10 atoms in every million-atom cloud — were inescapably attracted, reaching high speeds as they spiraled toward the nanotube.“From a start at about 5 meters per second, the cold atoms reach speeds of roughly 1,200 meters per second, or more than 2,700 miles per hour, as they circle the nanotube,” said Goodsell, a graduate student on the project and now a postdoctoral researcher in physics at Harvard. “As part of this tremendous acceleration, the temperature corresponding to the atoms’ kinetic energy increases from 0.1 degrees Kelvin to thousands of degrees Kelvin in less than a microsecond.”At this point, the speeding atoms separate into an electron and an ion rotating in parallel around the nanowire, completing each orbit in just a few trillionths of a second. The electron eventually gets sucked into the nanotube via quantum tunneling, causing its companion ion to shoot away — repelled by the strong charge of the 300-volt nanotube — at a speed of roughly 26 kilometers per second, or 59,000 miles per hour.The experiment was conducted with great precision, allowing the scientists unprecedented access to both cold atom and nanoscale processes.“Cold atom and nanoscale science have each provided exciting new systems for study and applications,” said Golovchenko, Rumford Professor of Physics and Gordon McKay Professor of Applied Physics at Harvard. “This is the first experimental realization of a combined cold atom-nanostructure system. Our system demonstrates sensitive probing of atom, electron, and ion dynamics at the nanoscale.”The single-walled carbon nanotube used in these researchers’ successful experiment was dubbed “Lucy,” and its contributions are acknowledged in the Physical Review Letters paper. The nanotube was grown by chemical vapor deposition across a 10-micron gap in a silicon chip that provides the nanowire with both mechanical support and electrical contact.“From the atom’s point of view, the nanotube is infinitely long and thin, creating a singular effect on the atom,” Hau said.Harvard’s Office of Technology Development has filed a patent application on the technology underlying the new work by Hau and Golovchenko.The work was supported by the Air Force Office of Scientific Research and the National Science Foundation.last_img read more