Capitalism

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    Innovators and Entrepreneurs To The Rescue

    Fascinating story in Bloomberg News about the reality and problem of behemoth wind turbines that have reached the end of their working life. A wind turbine’s blades can be longer than a Boeing 747 wing, so at the end of their lifespan they can’t just be hauled…
    Donna Martinez, February 7, 2020
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    Revaluing home ownership

    Has government policy, in promoting home ownership, actually made it more difficult to own a home? It’s almost a ridiculous question: who ever heard of a government policy having unintended effects that are opposite of intended outcome? It’s like suggesting that there was gambling at Rick’s Cafe.
    Joseph Coletti, January 16, 2020
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    Snapshot of the Day: Wage Growth

    Deroy Murdock of National Review points us to wage growth data, which goes against a prevailing media/progressive narrative about today’s economy. He writes: Never mind the liberal lies. Hard data reveal this reality. The Atlanta Federal Reserve Bank’s monthly Wage Growth Tracker shows that…
    Donna Martinez, January 13, 2020
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    Why it’s good that local gas prices remained calm this week

    This past week was very unusual — the media talking heads were apoplectic that the U.S. had just started "war with Iran," while social media was replete with talk of "World War III." So why have retail gasoline prices been so calm?
    Jon Sanders, January 10, 2020
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    Clawback contracts are costly

    Governments like to use clawbacks, in which they provide a benefit but demand it back if some objective is not reached. North Carolina uses clawbacks for some tax incentives, but could not recover millions of dollars that had been paid to Dell Technologies when that company closed a plant…
    Joseph Coletti, January 6, 2020
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    Thanks, capitalism and free trade

    Brad Polumbo looks back at the 2010s for the Washington Examiner. It’s human nature to focus on the negative, so it’s worth starting 2020 with an earnest appreciation of all the gains we made during the last decade. Despite the doom-and-gloom rhetoric of economic disaster pushed by politicians…
    Mitch Kokai, January 2, 2020
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    Overeducated and underskilled

    Another new paper finds that colleges are increasingly the wrong way to go for good jobs, producing debt-ridden graduates who are “overeducated and underskilled.” Instead of college, Veronique de Rugy and Jack Salmon of the Mercatus Center at George Mason University, suggested apprenticeships and on-the-job training will become the…
    Joseph Coletti, December 18, 2019