Business (page 9)

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    Banks as social police

    Vito Racanelli of Barron’s highlights problems linked to banks’ entry into debates over hot-button political issues. What is the role of banks today? Typically, they collect deposits, keep your cash safe, and lend money prudently for investment and economic growth. Are they also somehow obligated, by their outsize…
    Mitch Kokai, June 4, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on $35 million of school safety measures included in the proposed state budget adjustment. John Trump’s Daily Journal explains that a recent court ruling means craft brewers’ legal battle with the state and with beer distributors is just beginning.
    Mitch Kokai, May 25, 2018
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online that concerns about GenX are complicating the debate about a solar facility in eastern North Carolina. Roy Cordato’s Daily Journal explains that experts in trading stocks are not necessarily experts about trade.
    Mitch Kokai, May 24, 2018
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    Dignity and respect in public policy

    What did the teachers gathered in Raleigh last week have in common with Pres. Donald Trump, besides an affinity for red clothing? The teachers’ union called the walkout a “Rally for Respect,” not just pay. And Trump’s campaign to “Make America Great Again” was seen as a way to restore…
    Joseph Coletti, May 22, 2018
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    Why do politicians offer economic development incentives?

    The state’s long-term commitment of incentives to Apple and others, is “just burning money,” according to Nathan Jensen of the University of Texas. He told WRAL that past 20 years, What you’re offering doesn’t make it any more attractive. You’re really borrowing against future revenues for very little benefit. The…
    Joseph Coletti, May 21, 2018
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    CJ: N.C. legislative leaders propose plan that boosts subsidies to lure big corporations

    Carolina Journal’s Dan Way reports on a development some speculate is related to the potential interest by Apple to locate a facility in the Raleigh/Durham are. Legislative leaders will boost tax-paid subsidies available in the $23.9 billion 2018-19 budget proposal to seduce multibillion-dollar corporations to locate in the state.
    Donna Martinez, May 18, 2018
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    LA Times: Amazon fuming after Seattle votes to tax high-grossing corporations to help the homeless

    It’s a job tax, plain and simple. From the City of Seattle comes this smothering regulation on job creation. It was a 9 to zip vote to penalize Seattle’s highly successful businesses. The result is a new tax of $275 per employee per year on companies grossing at least…
    Donna Martinez, May 16, 2018
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    Legislation not needed: Payday Lending edition

    An essay in today’s Wall Street Journal (subscription) provides a summary of two alternatives to payday loans that employers can provide to low wage workers with repayment taken directly from their paychecks. Benefit for employers is reduced turnover. Mixed blessing for employees provides a distinct advantage to big employers who…
    Joseph Coletti, May 14, 2018