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Incentives package worth $1.2 billion draws electric car plant to NC

A Vietnamese automaker has announced plans to build a $4 billion electric-vehicle assembly and battery-manufacturing plant at Triangle Innovation Point in Moncure, about 30 miles west of the Triangle. To attract the newly formed company, the state and Chatham County promise to spend nearly $1.2 billion in incentives over the next 32 years. Meantime, VinFast...

Theresa Opeka

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U.S., U.K. to lift harmful tariffs on steel, spirits

The United States and United Kingdom are ending a host of costly tariffs, effective June 1, on a number of products, including whiskey. The deal allows historically based sustainable volumes of U.K. steel and aluminum products to enter the U.S. market without the application of Section 232 tariffs, the White House says in a news...

John Trump
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N.C.’s Right to Work law turns 75, experts weigh in on workers’ rights

North Carolina on Friday, March 18, will celebrate the 75th anniversary of its Right to Work law.  The purpose and meaning of Right to Work are explained in a new report, “Pro-Worker, Pro-Growth Making Right-to-Work Permanent in North Carolina,” by F. Vincent Vernuccio and available on the website of the John Locke Foundation, which commissioned...

John Trump
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Biden, lawmakers agree to cut off Russian oil, but not how to replace it 

Even though gas prices now surpass $5 a gallon in many areas of the country, $4.13 in North Carolina, leaders from both sides of the aisle agree it’s time to cut off Russian oil. But President Joe Biden and Democrats seem more inclined to replace the nation’s Russian oil supply with oil from Venezuela and...

David Larson