Economy (page 112)

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    The Story of Texas Pete Hot Sauce

    In 1929, at the onset of the Great Depression, Sam and Ila Jane Garner were struggling to make ends meet for their family of nine. Their oldest child, Paul, was in school at Duke University. But Thad, their next oldest, had chosen to do something much different with his college…
    Anna Manning, November 15, 2017
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    Billion dollar incentive packages

    Is it me, or do these incentive packages just keep getting bigger?  The Triad Business Journal is reporting today on a report that North Carolina and Alabama are the two finalists for a new Toyota-Mazda plant.  And then they talk about the possible sites, all of which have already…
    Julie Tisdale, November 15, 2017
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    The State and Local Tax Deduction makes no sense

    Tax policy is as much about regulation as it is the efficiency and simplicity of raising revenues to pay for government activity. The regulatory aspect is clear in Ronald Reagan’s famous adage: “If you want more of something, subsidize it; if you want less of something, tax it.”…
    Joseph Coletti, November 15, 2017
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    New Carolina Journal Online features

    Dan Way of Carolina Journal Online interviews Jonathan Kappler, the new executive director of the N.C. FreeEnterprise Foundation. John Hood’s Daily Journal discusses the history of “N.C. Spin” and its pending move to UNC-TV.
    Mitch Kokai, November 15, 2017
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    How far does a dollar go?

    I read an interesting piece today about the value of a dollar.  Actually, the value of $100, and how it compares in cities across the US. The Tax Foundation published this map back in August.  It compares the purchasing power of $100 in a particular metro area with the…
    Julie Tisdale, November 14, 2017
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    Tax Foundation sees Senate plan boosting economy and incomes

    The Senate’s tax plan would reduce tax rates, broaden the tax base, and spur economic growth in a Tax Foundation dynamic modeling estimate. Nationwide, the effect would be 925,000 new jobs and $2,598 in after-tax income for the average middle-income family. North Carolina would add 27,863 jobs and…
    Joseph Coletti, November 14, 2017
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on a new study showing that farmers’ misuse of federal subsidies could be costing taxpayers billions of dollars. The Daily Journal explains why Gov. Roy Cooper’s recent comments suggest he expects fellow Democrats on the N.C. Supreme Court to overrule his…
    Mitch Kokai, November 14, 2017
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    Assessing global economic risks

    Christopher Smart explains at Barron’s why the most significant challenges for the global economy are not the challenges making headlines today. One of the great mysteries of today’s global markets is their irrepressible enthusiasm, even as the world appears on the verge of chaos or collapse. And yet,…
    Mitch Kokai, November 13, 2017