Daily Archives: November 8, 2012

McCrory introduces his transition team

Governor-elect Pat McCrory was in Raleigh Thursday to meet with outgoing Gov. Bev Perdue to discuss transition procedures. He also took some time to meet with the press and introduce some members of his transition team. Here is the transition team, as provided by McCrory’s office: Raleigh, N.C. – Today, Governor-Elect Pat McCrory announced theContinue Reading

‘Effectively, we have lost 25 years of economic progress in this state’

That’s the assessment of Brent Lane, director of the UNC Center for Competitive Economies. He offered that comment during a presentation to the General Assembly’s Revenue Laws Study Committee. Lane’s presentation focused on the “imperative” of pursuing tax reform. Here’s what he had to say about the state’s lack of economic progress. Hmm. A stateContinue Reading

Election Notes

Look for recounts in the Lt. Governor’s race where Dan Forest is ahead 11,200 votes right now, in 7th Congressional district where McIntyre is ahead of Rouzer by only 507 votes and in the state Senate district 1 where Stan White leads Bill Cook by 388 votes – all under the 1% margin of totalContinue Reading

Got Milk?

This article, Got Milk? Venezuela Often Doesn’t, caught my attention this morning.  It’s all about ongoing milk shortages in Venezuela, shortages so extreme that often people just can’t get milk at all.  The shelves are literally bare.  And it’s not just milk.  There are similar problems with eggs, sugar, flour, and other staples.  What isContinue Reading

Will ponders the election’s meaning for the GOP’s future

George Will suggests in his latest column that Tuesday’s election result ought to prompt some major changes in the way Republicans approach future elections. [N]ow the Republican Party, like today’s transfer-payment state, is endangered by tardiness in recognizing that demography is destiny. Perhaps Mitt Romney lost the 2012 election on Sept. 22, 2011, when, alarmedContinue Reading

Producing in order to consume

Writing in the latest Forbes magazine, RealClearMarkets.com editor John Tamny contends “economic growth is easy.” The full article is not yet posted online, but you’ll get the sense of Tamny’s simple prescription from the following excerpt. Most would argue that the U.S. economy presently lacks aggregate demand, so the answer is for our federal governmentContinue Reading

Forbes returns to his golden argument

Gold standard standard-bearer Steve Forbes describes in the latest Forbes magazine how a return to a currency backed by gold would limit government’s money-destroying economic meddling. Despite thousands of years of experience to the contrary, central bankers and countless policymakers and economists believe that money manipulation can stimulate and wisely guide an economy. It’s aContinue Reading

Think improving education means shoveling more money into the existing public school system?

Perhaps you ought to read the nine-page Forbes magazine cover story on Khan Academy, the creation of 36-year-old innovator Salman Khan. According to a report from the President’s Council of Economic Advisers, global spending on education is $3.9 trillion, or 5.6% of planetary GDP. America spends the most–about $1.3 trillion a year–yet the U.S. ranksContinue Reading