Economy (page 109)

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    The Virginia Election Results: Et Tu, North Carolina?

    Is the Democratic Party sweep in Virginia a portent of things to come in North Carolina? North Carolina conservatives should be concerned; but, they should stay on message—tax reform, regulatory reform, education reform, etc. In other words, expanding freedom for all North Carolinians. The economy is doing well. Keep focused.
    Kory Swanson, November 8, 2017
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    Companies will come, even without incentives

    Just a quick reminder that North Carolina can, in fact, attract international firms without offering tax breaks, or incentive payments, or job creation grants, or any other corporate welfare.  Simplilearn, an Indian company, has recently announced that they’ll be opening an office in the Triangle.  Significantly, they cite the…
    Julie Tisdale, November 7, 2017
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    Making sense of mobility claims

    Amy Wax explains in a Commentary magazine article why Brookings Institution scholar Richard Reeves misses the mark with his indictment of economic mobility in America. The real question, though, is not whether privilege breeds privilege, but whether that propagation is actually unfair or socially destructive. Reeves never provides…
    Mitch Kokai, November 6, 2017
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    Nobel Prize winner tackles notion of ‘natural’ unemployment

    Nobel Prize-winning economist Edmund Phelps explains in a Barron’s column why common conceptions of a “natural” rate of unemployment might be wrong. What explains the paradox of low unemployment despite low inflation (or vice versa)? So far, economists — structuralists as well as diehard Keynesians — have been…
    Mitch Kokai, November 6, 2017
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    The problem with subsidies

    There are lots of questions swirling around about the CSX Intermodal Rail Hub, which was supposed to be coming to Rocky Mount and receiving $100 million in subsidies from North Carolina taxpayers – as much as $700,000 per job created by the project.  It’s been controversial from the beginning, and…
    Julie Tisdale, November 3, 2017
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    Triad at Full Employment? Mitch Kokai Weighs In On Drop in Unemployment Rate.

    Richard Craver of the Winston-Salem Journal reports on the drop of the unemployment rate in the Triad to an 11 1/2-year low of 4% in September. Most economists agree that North Carolina’s economy typically rides on the coattails of the national economy, which had a 4.2 percent jobless rate…
    Donna Martinez, November 3, 2017
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    US News Points to North Carolina as Tax Reform Done Right

    Writing for US News, Jared Walczak explains why North Carolina is a model for tax reform. North Carolina’s overhaul of its tax code yielded the most dramatic improvement in the “State Business Tax Climate Index’s” history, with the state’s ranking improving from 41st to 11th since 2013. More significantly,…
    Donna Martinez, November 2, 2017
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    Charlotte Observer: Officials Won’t Say What’s in NC Bids To Lure Amazon HQ2

    Want to know what’s in Charlotte’s bid to snag Amazon’s second headquarters? Officials won’t give up the information, according to the Charlotte Observer. Officials simply aren’t talking. The N.C. Commerce Department has declined to provide details of the incentives package the state would provide for any of its bidding regions:…
    Donna Martinez, November 1, 2017