Marketplace The cost of GOP cuts to coal royalties
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Sep 16, 2025 Matt Levin, a Marketplace reporter, dives into the shifting landscape of coal royalties and their impact on Wyoming’s economy. He outlines how a recent GOP policy slashing mining fees could leave state budgets in a lurch, contrasting the past financial influx from coal. The discussion also touches on current retail trends, with e-commerce booming, and highlights the struggles of small businesses navigating tariff uncertainties. Levin offers a unique perspective on how these decisions ripple through communities dependent on coal.
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Markets Ignore Long-Term Risks
- Markets are rallying on expectations of Fed rate cuts and big fiscal tax cuts despite long‑term risks like inflation and asset bubbles.
- Short-term investor optimism can mask structural risks and delay recognition of looming downturns.
E-Commerce Gains Fueled By Tariff Deadline
- Retail sales rose 0.6% in August, driven by non-store (e-commerce) spending which surged over 10% year-over-year.
- Ending the de minimis tariff exemption likely pulled forward purchases and boosted online sales in August.
Small Toy Shop Hurt By Tariff Shock
- Nicole Panetieri shrank pay and cut two workers as tariffs boosted her kids' store costs about 20 percent.
- She is closing The Tiny Owl and shifting focus to another boutique because higher prices cut customer purchases.