Justin Fox

Since the 2025 budget law, aka the One Big Beautiful Bill Act, was enacted, US corporate income tax revenue has fallen 28%. This was an expected consequence of the law’s provisions that allow businesses to fully expense spending on research and development, equipment and some other investments rather than writing them off over several years, and it will be reversed to some extent as those write-offs aren’t taken on future tax returns. But the decline highlights the narrowing and fragility of a t

Last November, the Canadian province of Ontario banned traffic enforcement by speed camera. “Over the last few years, we’ve seen municipalities across the province use municipal speed cameras as nothing more than a cash grab,” Ontario Premier Doug Ford said when he introduced the legislation. “People are fed up.”

Why has New York City Mayor Zohran Mamdani become nationally prominent so quickly? Part of it has to do with his bold and controversial policy proposals, his undeniable political skills and his wholehearted embrace of social media. But it can’t hurt that there are so many journalists in New York to write and talk about his exploits and so few following the mayors of most other US cities.

The motor vehicles sold in the US have been getting bigger and heavier, with large pickup trucks leading the way. Large pickups also lead the way in killing others on the road — seven of the 10 (and 10 of the 13) 2023 model-year vehicles with the highest other-driver death rates were large or very large pickups, according to statistics released last week by the Insurance Institute for Highway Safety.

Young college graduates have long had lower unemployment rates than Americans of the same ages without college degrees, which is what you might expect: College graduates can get jobs that require degrees, and they can get jobs that don’t. Non-graduates can choose from only the latter.

Young college graduates have long had lower unemployment rates than Americans of the same ages without college degrees, which is what you might

US existing home sales fell a little in July, according to data released last week by the National Association of Realtors. But what really stands out when one looks at the numbers is how little they’ve changed over the past three years. This July, homes were selling at an annual pace of 4.06 million. In July 2023, it was 4.08 million.

An key obstacle is that U.S. automakers apparently can’t make money on anything but large vehicles.

The motor vehicles sold in the U.S. have been getting bigger and heavier, with large pickup trucks leading the way. Large pickups also lead the way in killing others on the road — seven of the 10 (and 10 of the 13) 2023 model-year vehicles with the highest other-driver death rates were large or very large pickups, according to statistics released........

“Every single number is the lowest number in recorded history,” President Donald Trump said while unveiling the Federal Bureau of Investigation’s 2025 US crime report last week. It may not be surprising to learn that this was false: Despite falling sharply in 2025, the population-adjusted rate of aggravated assaults — one of the four main violent crimes tracked by the FBI — was still higher than in the early 2010s. So was the rate of rapes, albeit mainly because of definitional changes made in 2