Greenland Tariffs Are Off — Is There a Deal? | Prof G Markets

Trump says a lot of things, and a lot of it is nonsense. Some of it turns into serious policies with huge consequences. But even the things he says that don’t come true have large consequences because he is president. Investors, businesses, and consumers have to make decisions, and Trump’s actions can impact that, so they have to deal with his words and the potential consequences. Even dealing with just his words, costs companies tons of money.

https://www.youtube.com/watch?v=JNhozAhtJLY

Federal Red Tape Plunges Under Trump

“Regulation isn’t just an annoyance—it’s a prosperity killer. At the end of 2024, the MetLife & U.S. Chamber of Commerce Small Business Index found that “51% of small businesses say navigating regulatory compliance requirements is negatively impacting their growth” and that “almost as many (47%) say their business spends too much time fulfilling regulatory compliance requirements.”

With the affordability of housing a major concern, the National Association of Home Builders warns that “regulations account for nearly 25% of the cost of a single-family home.”

“The real test ahead is whether deregulation will be made durable by Congress or be left to the whims of the executive officeholder,” Crews emphasizes. “Unfortunately for the Trump project, meaningful reform requires more than freezes and ratios. Congress needs to make the ‘Unrules project’ permanent, and to end the laundering of regulation by means other than the conventional rules featured in this roundup.””

https://reason.com/2026/01/07/federal-red-tape-plunges-under-trump/

Trump wants oil prices to hit $50 a barrel. The math doesn’t work for the US oil industry.

“Trump has reportedly homed in on $50 a barrel as the price he’d like to see US oil prices trend toward, alleviating energy costs for US households.

The problem for the US oil industry? That math doesn’t check out.

In the Permian Basin, the largest collection of oil plays in the continental US and the crown jewel of American energy, breakeven prices hover between $62 and $64, according to data from the Dallas Federal Reserve.

As a wave of global oversupply gluts the oil market, the Energy Information Administration expects that Brent crude (BZ=F) — the international benchmark — will fall toward an average of $55 per barrel within the first quarter of 2026 and remain at that depressed level throughout the year.

WTI prices would almost certainly move in tandem, pegging its value around $51.50.”

https://finance.yahoo.com/news/trump-wants-oil-prices-to-hit-50-a-barrel-the-math-doesnt-work-for-the-us-oil-industry-182639810.html

Why Chinese EVs Are Banned In the U.S. | AB Explained

Chinese electric vehicle maker BYD makes everything in-house, which makes it more efficient. China also has much cheaper labor than the US, and heavy governmental subsidies.

https://www.youtube.com/watch?v=RTtLAf0f2HU

Video gamer Electronic Arts to be bought in largest-ever private equity buyout valued at $55 billion

“Electronic Arts, the maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $55 billion in what could become the largest private equity-funded buyout in history.

Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners is run by President Donald Trump’s son-in-law, Jared Kushner.”

https://thehill.com/business/electronic-arts-ea-acquired/?tbref=hp

‘Kiss the ring’: Silicon Valley CEOs struggle to respond to Trump’s involvement in their businesses

“Interviews with more than a dozen technology executives over the past week revealed that the Trump administration’s announcements of government stakes in companies such as Intel have had a chilling effect, with executives now filtering many decisions through the prism of how the White House might respond.”

https://www.politico.com/news/2025/09/16/silicon-valley-ceo-trump-business-00564524

Denver’s restaurants are dying

“Denver’s high minimum wage, especially its low tip credit, has unintentionally undermined the financial viability of full-service, labor-intensive restaurants. As costs outpace revenue and margins evaporate, once-thriving independent establishments are closing in droves, eroding the city’s cultural fabric and economic diversity.

Restaurant operators and advocacy groups agree that Covid sparked the decline, but rising costs since have continued to cripple the industry. Property taxes, utilities, insurance, food and drink prices, rent, and one of the highest minimum wages in the country — higher than in Los Angeles or New York — are straining already razor-thin margins.

The city’s low tip credit, which results in a high minimum wage for tipped workers, is a particular pain point.

Denver City Council unanimously passed a minimum wage increase in November 2019 — just four months before the pandemic hit — and it was fully implemented citywide by 2022. Today, the base minimum wage is $18.81 an hour and the tipped wage is $15.79 — increases of about 70 percent and 95 percent, respectively.

Per 2019 legislation, wage increases are uncapped and rise annually with the Consumer Price Index. In 2026, the base wage will be $19.29. For operators like Ms. Tronco and Mr. Seidel, who said that labor now consumes more than half his revenue, the math no longer works.

“When you force an operator to give raises every January 1 to the group of people who’s already making the most money, it chokes our ability to give a salaried person or an hourly cook a raise,”

To keep her business alive, Ms. Tronco has cut the hosts and bussers she hired when opening and reduced weeknight server shifts. She raises her menu prices every six months to keep up with costs. Her numbers have taken a hit: Sales are down an average of 10 percent this year.

“It just feels like whack-a-mole,” Ms. Tronco said. “Inflation has affected everyone … Now we’ve got a tariff situation and all my wine importers are telling me that everything is going to go up $3, $4 a bottle.”

Mr. Padró said the small tip credit is the industry’s biggest burden. He supports a higher base wage, even up to $25, because most of his employees already earn above that. He said that his servers and bartenders average $38 and $44, respectively. Expanding the tip credit would alleviate some of the burden faced by operators.

“I have 17-year-old kids pouring coffee for their teachers, making more than them,” he said.”

https://www.slowboring.com/p/denver-piece

You Shouldn’t Need a License to Talk

“Michelle Freenor, a tour guide in Savannah, Georgia, gets good reviews from customers.

But her business almost didn’t get off the ground because local politicians said, “No one can be a tour guide without first getting a government license!””

https://reason.com/2025/07/30/you-shouldnt-need-a-license-to-talk/

Doing the Math on Trump’s Economic Impact — ft. Justin Wolfers | Prof G Markets

Wealthy people and great entrepreneurs aren’t going to not start that great business because they will pay more taxes if they make it big. Either way, if successful, they would have done something great and will be rich.

The most profitable and flexible workforce for Americans is illegal immigrants.

When we put tariffs on China, we are saying every country on Earth can get low inputs from China except America, making American business less competitive.

https://www.youtube.com/watch?v=uKLdzBun4sk