Economic development (page 11)

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    If this is what people think of capitalism, no wonder they want something else

    Michael Tomasky, editor of the journal Democracy, has advice for those who would like fewer socialists. “Stop creating them.” Tomasky outlines a number of ways that cronies in government and business have helped one another without doing much good for the rest of society. Free market supporters from…
    Joseph Coletti, August 7, 2018
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    Eminent Domain Reform Wins Unanimous Approval in U.S. House

    Thirteen years ago, in Kelo v. City of New London, the U.S. Supreme Court shocked the country by upholding the City of New London’s use of eminent domain to seize working class citizens’ homes and give the land to a private corporation for “high-end” commercial development. In response to…
    Jon Guze, July 26, 2018
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    New Carolina Journal Online features

    Lindsay Marchello and Kari Travis report for Carolina Journal Online on legislation that will remove from the fall N.C. election ballot short captions describing proposed constitutional amendments. Don Carrington reports on Roanoke Rapids’ decision to sell a taxpayer-owned theater that generated millions of dollars in city debt. John…
    Mitch Kokai, July 25, 2018
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on policymakers’ questions surrounding potential contaminants in solar panels. John Hood’s Daily Journal uses baseball (and soccer) to describe different approaches to targeted tax incentives.
    Mitch Kokai, July 16, 2018
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    The well-rehearsed dance of corporate tax incentives

    Policymakers institute incentives for a favored industry. The industry gratefully accepts. Policymakers and industry representatives smile for the cameras as they announce new jobs thanks to the incentives. Media dutifully report how politicians created jobs.
    Jon Sanders, July 5, 2018
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    Gov. Cooper opposes tax cuts for corporations in general, not particular. It’s a fine distinction.

    Business North Carolina's new cover praises Gov. Roy Cooper for rolling up his sleeves and … giving more government goodies to business.
    Jon Sanders, July 3, 2018
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    Corporate incentives in two minutes

    Edmund Malesky, a political science professor at Duke, and his co-author Nathan Jensen explain the failure of corporate incentives and their continued popularity for politicians in this brief video. Short answer: incentive offers are a way for politicians to show they care and they are trying, like most government programs.
    Joseph Coletti, June 26, 2018
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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