Category Archives: Jobs and economy

L.A. moves to outlaw hotel employment

Well, not exactly, but the City Council has enacted a new ordinance that will make it nearly impossible for hotels both to hire workers and maintain their profitability. As this op-ed in the Los Angeles Times explains, last week the council voted to raise the minimum wage for hotel workers within city limits to $15.37Continue Reading

Landmark federal study adds to research consensus on safety of fracking

A comprehensive U.S. Department of Energy study of hydraulically fractured wells in Pennsylvania — whose importance and preliminary results were discussed here, in my Policy Report on fracturing, and in my Spotlight report on fracking chemicals — has been finalized. The full report is viewable here (pdf file). The Associated Press reports: The final reportContinue Reading

Growing inequality or sluggish growth: Which is the bigger problem?

Pundits and politicians have been talking a great deal about growing income inequality in the United States. James Piereson, president of the William E. Simon Foundation and senior fellow at the Manhattan Institute, thinks a recent decline in American economic growth represents a much larger problem than inequality. Piereson shared his concerns during the latestContinue Reading

National Review’s Williamson takes on the ‘inequality police’

Kevin Williamson‘s latest column at National Review Online tackles the arguments of those who lament growing income inequality in the United States. The inequality police are worried that we are living in a new Gilded Age. We should be so lucky: Between 1880 and 1890, the number of employed Americans increased by more than 13Continue Reading

Local Congressman’s Op-Ed in Lincoln County paper

Lincoln County is near Charlotte and in the district of one of North Carolina’s congressmen.  Patrick McHenry wrote an op-ed and it was published in the Lincoln-Times News.  I pulled some excerpts from the article, but if you want to read the entire article, click here. Last month when I was at home in WesternContinue Reading

Puncturing projections of growth in N.C. convention center business

Government-owned convention centers tend to lose money, and they fall far short of meeting projected growth in nearby hotel business. The answer from convention center backers always involves spending more money — for a new hotel near the convention center, for an expanded convention center, or even for a new center. Heywood Sanders, professor ofContinue Reading

One reason for Putin’s adventurism

The latest issue of Bloomberg Businessweek offers a clue about one potential reason for Russian strongman Vladimir Putin‘s recent adventurism: the county’s shaky economy. The Big Three ratings agencies have hit Russia with a barrage of debt downgrades and warnings as its economy has faltered and sanctions imposed by the West have started to bite.Continue Reading

Barron’s Epstein chides economists who touted Obamacare

Gene Epstein of Barron’s explains in his latest “Economic Beat” column why economists who touted the potential benefits of the Affordable Care Act ought to have recanted their support once further evidence came to light. In January 2011, more than 300 economists signed a letter to Congress endorsing the Affordable Care Act and specifically affirmingContinue Reading