New York legislation can address growing anti-trust concerns. The 21st Century Anti-Trust Act updates the state's aged anti-trust laws and closes loopholes companies have abused. This comes as an Institute for Local Self-Reliance report finds corporations in New York and nationwide leverage structural racism and use other tactics to establish market dominance.

Susan Holmberg, associate director for research with the Institute for Local Self-Reliance, said one such tactic is stripping communities of local businesses and basic services.

"So, a lot of monopolies, they're just trying to edge out smaller competitors, but by doing that they're wiping out independent businesses that are much more well suited to serve communities of color, often because they live in these communities and their incentives are so different," she explained.

Other patterns Holmberg identifies are imposing high prices and substandard services on areas with no alternatives and exploiting workers of color. Some oppose the bill, saying it's anti-business and anti-consumer, while others say it favors competitors over competition. But Holmberg noted these trends aren't limited to companies such as Amazon. They're economy-wide trends also in the banking, waste, pharmaceutical and grocery industries.

Federal bills can also aid national antitrust practices. The Competition and Antitrust Law Enforcement Reform Act gives federal enforcers the necessary resources to do their jobs and strengthens prohibitions on anticompetitive conduct and mergers. Other federal antitrust work is building a foundation to rein in monopolies, Holmberg said.

"They're really reorienting and returning antitrust to its original intent, how the laws were written which is about dispersing economic power, promoting fair competition and enhancing community self-determination," she added.

She said this is also about safeguarding financial liberties for people in the United States. But, some of the biggest hurdles to this are limited resources for agencies such as the Federal Trade Commission and political challenges like a divided Congress.

Iowa lawmakers are considering reducing fines companies pay for breaking child labor laws. The state has said it's trying to find safe and creative ways to add more people to the workforce.

The proposal to rewrite Section 32 of the state's child labor laws would reduce fines for companies that violate them from $10,000 per instance to $2,500.

Iowa AFL-CIO President Charlie Wishman said Iowa has the infamous distinction of leading the nation in rolling back labor laws designed to protect minors.

"You've seen a lot of child labor law reform all across the country and it doesn't really seem to necessarily be based in partisanship," said Wishman. "You can see a place like Alabama that's strengthening it. You can see a place like Iowa that's loosening it."

The state has said it's looking at creative ways to add more people to the workforce, with shortages especially critical in rural areas.

Wishman said he worries reducing the fines would create even greater safety risks for minors in those places. The proposal is in the Legislature's joint Administrative Rules Review Committee.

Iowa is one of the only states that reports losing population, and with that out-migration goes a much-needed employee base.

As a labor advocate, Wishman said he isn't opposed to giving kids a chance to earn money and learn responsibility by working.

"But that doesn't mean that has to come at the expense of their schoolwork, their extracurricular activities or other things like that, or other responsibilities they have," said Wishman. "And when you lower the penalties that businesses would have for violating the law, you're just going to encourage more violations."

Recent changes to Iowa law allow 14- and 15-year-olds to work up to six hours on a school day, extends working hours for kids to 9 p.m. during the school year, and until 11 p.m. during the summer.

Just nine months into her tenure, Michigan state Rep. Mai Xiong, D-Warren, is ringing in the new year with new legislation. Now on Gov. Gretchen Whitmer's desk, Xiong's bill allows public employers to increase contributions to workers' health plans.

A former Macomb County commissioner and the first Hmong American woman to serve in the Michigan House of Representatives, Xiong said she's passionate about helping people live better lives.

"With inflation and rising prices at the grocery store and the gas pump, it's just really hard," she said. "The cost of living has gone up - and so, whatever we can do as a government to help Michiganders, that's something that I want to contribute to doing."

Her bill also requires public employers to cover at least 80% of the total annual costs of the medical benefit plans they offer or contribute to, for their employees and elected public officials.

Xiong also has sponsored and supported legislation related to reproductive health data privacy, maternal care expansion and a resolution honoring Hmong soldiers who fought for the United States in the Vietnam War. Speaking on the House Floor in the Michigan Capitol last summer, she shared how her heritage and education have influenced her.

"My parents fought hard to bring me to this country because they knew how important education was," she said. "It is because of the teachers that I am here today - Miss Nolan, Miss Merriman and so many others - who shaped me into being who I am today."

Xiong started Mai&Co., a clothing business inspired by Hmong traditions, in 2017. She ran it from home while raising four young children, and said that experience helped shape her views on supporting small businesses and economic growth.


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As President-elect Donald Trump prepares to take office, economists are weighing in on how his promised policies might shape what is ahead in 2025.

The economy topped the 2024 election, with gas and food prices a priority for many voters. Now, economists point to tariffs, the stock market, electric vehicles, agriculture and education as key issues for the new year.

Jason Miller, professor of supply chain management at Michigan State University, predicted the tariffs Trump has promised will take center stage in 2025. However, he pointed to signs of a positive tailwind.

"Retailers have entered the holidays with inventory sort of in line with demand conditions," Miller pointed out. "November sales for motor vehicles were phenomenally strong for light trucks and SUVs; it was, on a seasonably adjusted basis, the third-highest month of all time."

Miller believes importers will stockpile Chinese goods to avoid tariffs but past tariffs failed to create jobs and instead drove up costs, raising prices for consumers.

Miller projected the first major supply-chain story of 2025 could unfold as early as Jan. 15, involving the International Longshoremen's Association. He noted the East Coast and Gulf port contracts are set to expire, raising the threat of a second round of port strikes.

"We may see port strike, Round 2," Miller observed. "No one is clear yet on how the incoming Trump administration would respond to that. Would they invoke the Taft-Hartley Act to end that strike, or would they let that play out?"

He added they are monitoring the potential for extreme weather events in early 2025, such as the polar vortex back in 2018, which could have a substantial impact on the economy.


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