Administrations Lay Plans to One-Up America’s Largest Offshore Wind Farm

Offshore Wind Farm

Installation of the country’s largest offshore wind farm began in earnest just two months ago off the coast of Virginia, and the Biden administration announced Friday it will be auctioninganother even bigger wind energy lease sale off the coast of the commonwealth. 

Dominion Energy leased the approximately 113,000 acres that would become the site of the Coastal Virginia Offshore Wind project in 2013. After installing two pilot turbines in 2020, the utility began the installation of the rest of its 176 turbines in May.

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California Joins 26 States in Requiring Students Take Personal Finance Class

Students in Class

Over half of U.S. states now require high school students to receive a financial literacy course before they graduate after Gov. Gavin Newsom signed a bill passed by the California Legislature.

With the passage of California’s law requiring schools to offer a course in personal finance by the 2027-28 school year and requiring the class of 2031 to receive at least one class, a total of 26 states now require students to take a course on how to manage money, according to a nonprofit spearheading efforts to pass such laws.

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Unemployment Insurance Claims Continue to Rise

Unemployment Insurance Claims Office

The number of insured unemployed individuals increased by 26,000 to 1,858,000, in the week ending June 29, the highest level since November 2021.

Seasonally adjusted initial unemployment claims reached 238,000, marking an increase of 4,000 from the previous week’s revised figure of 234,000. 

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Federal Judge Pauses Biden’s Partial Liquefied Natural Gas Export Ban

Judge James Cain Jr.

A federal judge on Monday temporarily blocked the Biden administration’s ban on new exports of liquified natural gas exports to non-free trade agreement countries.

Judge James Cain Jr. of the Western District of Louisiana issued a preliminary injunction against the U.S. Department of Energy’s partial LNG export ban after more than a dozen states sued, arguing the ban was illegal.

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Amtrak’s Staffing Jumps 22 Percent Since Pandemic, Salaries by More than $500 Million

Amtrak Train

Amtrak has seen a 22% increase in its employee count while salaries and benefits have increased by more than $500 million in the past four years – to $2.69 billion in 2023.

Amtrak, known as the National Railroad Passenger Corporation, serves more than 500 destinations in 46 separate states covering more than 21,400 miles nationwide.

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South Carolina Sees Unemployment Rate Increase in May

William Floyd

South Carolina’s seasonally adjusted unemployment rate increased in May to 3.4%, and the state’s top labor official said higher interest rates may be partly to blame.

While the state’s unemployment rate increased from 3.2% last month, officials noted it is below the national rate of 4%.

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Study: ‘Vast DEI Bureaucracy’ Negatively Impacting U.S. Armed Forces

F35 A - Nellis Air Force Base

A new Arizona State University study suggests that Diversity, Equity and Inclusion efforts in the United States military are ineffective.

The study done by the university’s Center for American Institutions argued that there is a emphasis on training new soldiers about social issues like “unconscious bias” and “intersectionality” in a way the center says runs contrary to typical American ideals. The study examined DEI plan’s in different sector of the military, including DEI office staffing and education at academies like West Point.

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Overpayments Account for Nearly 75 Percent of Federal Improper Payments

Finances

The federal government reported $236 billion in improper payments in fiscal year 2023, with the vast majority coming from overpayments, according to a new watchdog report.

A U.S. Government Accountability Office report found 74% of improper payments – payments that shouldn’t have been made or were made in the wrong amount – were overpayments. Overpayments accounted for $175.1 billion of the total amount of improper payments in 2023. Overpayments are payments “in excess of what is due, and for which the excess amount, in theory, should or could be recovered,” according to the report.

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