Business (page 9)

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    Daily Journal: From the Green New Deal to Venezuela: A million percent inflation and all

    JLF’s Roy Cordato writes for Carolina Journal’s Daily Journal: As the specifics — and many of the absurd objectives — of Rep. Alexandria Ocasio-Cortez’s Green New Deal have come to light, the common refrain from Democrats who support it is that the plan is “aspirational.” In other words, they…
    Anna Manning, March 1, 2019
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    This weekend on Carolina Journal Radio

    The N.C. state elections board ordered a new election in the 9th Congressional District after a four-day hearing into absentee ballot irregularities. Rick Henderson discusses the board’s actions during the next edition of Carolina Journal Radio. Jon Sanders shares his research into North Carolina’s extensive alcohol regulations.
    Mitch Kokai, March 1, 2019
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    Amazon changes its mind–New Yorkers should be happy

    New York City and State were on the verge of handing over up to $3 billion in subsidies to Amazon as an enticement (bribe) to get them to locate a new headquarters on Long Island in Queens. Luckily for the people of New York, Amazon is backing out of the…
    Roy Cordato, February 14, 2019
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    Ignorance of complex N.C. ABC rules doesn’t give state a pass

    Carolina Journal ABC expert, John Trump, writes that the biggest obstacle facing reform is the public having a lack of knowledge on how the system works and who profits from it. Need an explanation of the complex, Prohibition-era heavy-handed ABC laws of the state? Look no further: It’s difficult…
    Anna Manning, February 1, 2019
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    Senator Warren’s Idea of Capitalism

    Today’s editorial in the Wall Street Journal  (paywall) is to the point: Senator Elizabeth Warren wants to turn businesses into de facto public utilities. As an example of what would happen, the editorial looks at the PG&E utility bankruptcy fiasco and the cost to taxpayers.
    Kory Swanson, February 1, 2019
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    Tax cuts, innovation, and economic growth

    Paul Romer won the Nobel prize in economics for showing how innovation creates economic growth. A new working paper from Raj Chetty and his colleagues presents a model of how much innovation results from tax cuts. Their model suggests tax changes “have no impact on the decisions of star inventors,…
    Joseph Coletti, January 31, 2019
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    Economic growth and…

    “Economic growth, while necessary, is insufficient to address many of the challenges of our 21st-century economy,” Abby McCloskey writes in National Affairs. She offers some policy suggestions to improve connections in community, make work pay, and reform entitlements to improve government finances. I don’t endorse all of them, but…
    Joseph Coletti, January 29, 2019
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    Forced Hike In Minimum Wage = $10,000 to $12,000 Tab For Restaurant Customers

    As of today, Missouri businesses must increase the minimum wage from $7.85 to $8.60 per hour. The Associated Press reports this will be the first of multiple wage hikes that will culminate in a minimum wage of $12 per hour. The hike was approved by voters. The results are…
    Donna Martinez, January 1, 2019