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News
New food-to-alcohol ratios more flexible for Hampton Roads restaurants
4+ hour, 31+ min ago (1073+ words) To some restaurant owners in Hampton Roads, the new liquor law in Virginia may mean the glass is half-full, but to others it’s still half-empty. New legislation went into effect on July 1 that reduced the food-to-alcoholic beverage ratio required for…...
Inflation cools more than expected in June as gas costs fall, underlying prices ease
1+ week, 5+ day ago (125+ words) Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress The Virginian-Pilot Prices dropped 0.4% from May to June, the largest monthly drop in four years, the Labor Department said Tuesday. On a yearly basis,…...
Virginia ranks No. 3 in ‘America’s Top States for Business’
2+ week, 2+ day ago (255+ words) Virginia has moved back up in the rankings on “America’s Top States for Business” list, claiming the No. 3 spot this year. Ohio claimed the top spot for 2026, CNBC revealed Thursday. North Carolina, which had the top spot last year, again…...
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
1+ mon, 3+ week ago (1094+ words) The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of…...
Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials
2+ mon, 1+ week ago (556+ words) By ANNE D’INNOCENZIO, AP Retail Writer But economists noted that consumer spending, propped up by generous income tax refunds, is still healthy. Still, they worry that spending will fall off as benefits from the refunds dissipate, and shoppers continue to…...
Column: America’s broken politics are dragging it down a fiscal black hole
2+ mon, 2+ week ago (281+ words) Few any longer dispute that America’s public debt is growing unsustainably and that, sooner or later, the task of reining it in will be unavoidable. Oddly, this presumption of inevitability has bred a kind of complacency. In the end, whether…...
Column: Taxing the wealthy won’t reduce their power – The Virginian-Pilot
2+ mon, 2+ week ago (559+ words) As someone who has been arguing for more than a decade that these taxes are bad economics, I find all this disheartening. I missed the point. I thought the argument was about the optimal allocation of resources, but it is…...
Column: Billionaires must pay a wealth tax to save healthcare and democracy
2+ mon, 2+ week ago (594+ words) Let me congratulate the Service Employees International Union-United Healthcare Workers West and other trade unions for gathering the signatures necessary to put a 5% billionaires’ wealth tax on the California ballot this November. Here’s the simple truth. In California and across…...
Hampton Roads consumers find rising cost of groceries hard to stomach
2+ mon, 3+ week ago (1867+ words) Angie Zawistowski eased through the grocery store, pushing her shopping cart with one hand and checking off items on her detailed list with the other. “I don’t ever go without a list,” she said. “That’s a huge budgeting tip.” Zawistowski,…...
Capital One settlement: How to know if you’re eligible for payout
3+ mon, 2+ day ago (192+ words) Under a $425 million settlement approved April 20, certain holders of the Capital One 360 Savings account will receive payments. The class-action suit arose from allegations that Capital One employed deception to discourage customers from switching to an account with a higher interest…...