Daily Archives: January 13, 2009

Pension risk

Let’s do a little comparison, shall we. Individually owned retirement accounts including 401(k)s and IRAs have lost as much as $2 trillion between the market peak in October 2007 and the end of 2008, according to a story in the Wall Street Journal. State defined-benefit pension plans lost $865 billion over the same 14-month period,Continue Reading

Meanwhile, in Salisbury

Two guys walk into a Circuit City and walk out with a $2300, 67-inch Samsung TV. Without stopping to pay for it. Not so much a smash-and-grab as a lift-and-shuffle. Police are looking for a red four-door sedan, last seen with a large TV on the roof.

A match made in heaven

Neo-Nazis and Islamists join to protest Israel’s efforts at self-defense. Now, what could these two groups have in common? Whatever it is, it escapes the American Left and the mainstream media.

Their mom and dad must really be proud

Some Left Coast family values, no doubt: Miss Dylan, from San Diego, California, USA, said she was persuaded to offer herself to the highest bidder after her sister Avia, 23, paid for her own degree after working as a prostitute for three weeks.

Jindal proposes major Medicaid overhaul as his Raleigh appearance approaches

Louisiana Gov. Bobby Jindal wants to make major changes to both the funding and delivery of his state’s Medicaid program. You can learn more about his proposed overhaul here. North Carolina must address major challenges connected to its own Medicaid program. That’s one more reason you’ll want to learn more about Jindal and his ideasContinue Reading

Durham Councilman: Merge City & County Gov’t “to save Durham”

Durham City Councilman Howard Clement wants to merge city and county government. In fact, he says Durham’s future depends on it. From the News & Observer (emphasis is mine): Merging Durham’s city and council governments has been formally proposed numerous times since the mid-1920s, but each proposal has either been abandoned or defeated in publicContinue Reading

A $1.1 Million Dollar Blunder at NC Central

NC Central University owes the U.S. Department of Education $1.1 million as reimbursement for student loans given to people who attended a satellite campus in Atlanta that very few people — including the folks in charge of accreditation — even knew about.

Job creation, the Gomer Pyle School of Economics way

Gomer Pyle School of Economics thinking was on full display at the joint economic development incentives committee today. A presentation by a UNC consultant explained that the ?statutory? tax incentives used to stimulate job growth in the state for the last 12 years are, for the most part, ineffective. He said the only incentives thatContinue Reading