Category Archives: Jobs and economy

Drawing the Wrong Conclusion XIV: the can’t-compete-with-lower-taxes edition

We learned this week that North Carolina offered the mad bribe of $107-friggin’-million in economic incentives to get Toyota to locate its North America headquarters in Charlotte, but lost. Who won? Texas, with the relatively small bid of $40 million. How on earth did North Carolina, offering over two-and-a-half times as much as Texas inContinue Reading

Federal study: Hydraulic fracturing safe to proceed in California

The report, commissioned by the federal Bureau of Land Management, investigated possible effects of well stimulation technologies (WST) in California. It points out that potential energy resources are at shallower depths in California and normally require vertical rather than horizontal drilling and fracturing. The shallower depths made possible groundwater contamination more of a concern; however,Continue Reading

Lowry wonders why Warren Buffett hates America

What, you hadn’t heard that Warren Buffett is an economic traitor? Of course, he isn’t. But that’s the label the Obama administration has been applying to companies practicing a tactic known as a corporate inversion. Moving its official incorporation location from the United States to another country — almost any other country — allows aContinue Reading

National Review’s Williamson takes on Big Sugar

Kevin Williamson ponders for National Review Online readers the misguided government policies that prop up the sugar industry. [T]he U.S. sugar industry … is poised to hand taxpayers a bill for $80 million this year, on top of the $3.5 billion a year they skim from consumers in the form of artificially higher prices. AgriculturalContinue Reading

New Carolina Journal Online features

This week’s Carolina Journal Online Friday interview features a conversation with University of Missouri-Saint Louis economist David Rose about capitalism and fairness. John Hood’s Daily Journal distinguishes between North Carolina’s unaffiliated voters and swing voters.

Leef asks Forbes readers to consider whether union organizing should be a civil right

George Leef’s latest column for Forbes considers a left-of-center proposal to grant increased protections for union organizers. [T]he NLRA sometimes comes in for criticism from leftists, who argue that it doesn’t do enough to tilt the playing field in favor of unions and collective bargaining. The common complaint is that although the NLRA does makeContinue Reading

Fed sets the economy up for long-term problems

Global economist and regular Forbes columnist David Malpass contends that there’s a greater problem — “the elephant in the room no one wants to discuss” — than the prospect of interest rate hikes. Malpass writes that he worries more about the “likelihood that returns on capital in coming decades will be substantially lower than pastContinue Reading

Forbes explains how Putin is shooting himself in the foot

Russian leader Vladimir Putin resembles 20th-century Soviet strongmen in a number of ways, not the least of which is a lack of comprehension of economics. Steve Forbes explains in the latest issue of Forbes magazine. RUSSIA HAS responded to new sanctions from the U.S. and the EU with a weird, self-defeating retaliatory measure: It isContinue Reading