Economic development

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    Company emblematic of ‘Obamanomics’ dropped from Dow

    Timothy Carney of the Washington Examiner notes interesting financial news involving General Electric. When the Dow Jones index was born in 1896, General Electric was one of the companies included. It’s been a constituent of the Dow continuously since 1907. In a sign of how far the company…
    Mitch Kokai, June 21, 2018
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    Build NC Bonds to become law

    Triangle Business Journal reports Gov. Roy Cooper is set to sign into law the Build NC Bonds. The program to take on as much as $3 billion in new debt without taxpayer approval could be a factor in the state’s bids for Apple and Amazon, the paper said.
    Joseph Coletti, June 20, 2018
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    Measuring the state’s success in re-employment

    Harvard Kennedy School’s Government Performance Lab (GPL) began with a focus on social impact bonds and pay for success contracts. It now exists to help state and local governments do their work better, whether internally or with outside contracts. A team will soon be in North Carolina “to support…
    Joseph Coletti, June 18, 2018
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    In Case You Missed It

    Friday was the anniversary of an important but little known event. The Adam Smith Institute’s Madsen Pirie tells the story: Forty years ago, in 1978, 18 farmers from the village of Xiaogang in China, met at night in secret. They had seen subsistence and famine. Exhausted and…
    Jon Guze, June 17, 2018
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    Can laws change how we shop?

    What happens to retailers and service providers in the next recession? They are reliant in the Triangle on consumers who already owe $4.5 billion in credit card debt, an average of $10,000 to $16,000 per household. Until then, experiences are displacing things in storefronts. Alex Marshall starts with a North…
    Joseph Coletti, June 13, 2018
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    Cronyism’s Cost in Competitiveness

    New research continues to highlight the economic burdens imposed by big government regulations and big corporation cronyism in the US. For all the concerns about the heavy hand of Brussels on members of the European Union—and in Europe’s most competitive countries, this was a real concern—the EU has actually reduced…
    Joseph Coletti, June 12, 2018
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    Rocky Mount bets big on government

    The big gamble at the heat of Rocky Mount is it’s Event Center, on which the John Locke Foundation has considered an unwise burden for taxpayers and raised a number of questions on its financing through debt without a vote of the taxpayers, its initiation before lower property values were…
    Joseph Coletti, June 8, 2018
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    Rocky Mount taxes and spending

    Rocky Mount leaders expect the 2.5-cent property tax increase this year will be the last needed to cover their big bet on the Rocky Mount Event Center. The tax hike is the second in two years, but the first was extremely painful for city government and residents alike. Because…
    Joseph Coletti, June 7, 2018