Economy (page 120)

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    Think organic food is better for you, animals, and the planet? Think again

    Björn Lomborg writing in the Telegraph: Essentially, organic food is rich people spending their extra cash to feel good. While that is just as valid as spending it on holidays, we should resist any implied moral superiority. Organics are not healthier or better for animals. To expand to…
    Michael Lowrey, June 13, 2016
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    Boeing ‘middle-of-market’ update

    From Dominic Gates of the Seattle Times: The airplane industry is abuzz with divided views on how Boeing should address a major strategic dilemma: What plane can it build to counter the A321neo, the largest of Airbus’ wildly successful new single-aisle jets? Boeing Commercial Airplanes chief Ray Conner told…
    Michael Lowrey, June 8, 2016
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    Tackling the ‘basic income’ argument

    James Pethokoukis of the American Enterprise Institute explores the notion of a “universal basic income.” Much of universal basic income’s allure lies in its elegant simplicity. Replace all welfare programs with government checks for all. At least that’s how it basically works in theory.
    Mitch Kokai, June 6, 2016
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    Barron’s ‘Economic Beat’ writer sees bad signs for economy

    Gene Epstein of Barron’s uses his latest “Economic Beat” column to parse the latest jobs data. An interest-rate hike at this month’s meeting of the Federal Open Market Committee has been tabled. Even worse, a question mark now looms over my own expectation that…
    Mitch Kokai, June 6, 2016
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    The future of fast food: Better apps, less workers

    Per the Charlotte Observer: Chick-fil-A has launched a new mobile app that lets customers customize their orders, pay ahead of time and skip the line at the register. Was this new app designed to counter the impact of higher minimum wage laws? Probably not. Does the new app though…
    Michael Lowrey, June 2, 2016
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    New federal overtime rules

    If you’ve read the Winston-Salem Journal‘s report on new federal overtime rules, you might be interested in seeing the rest of what I submitted to reporter Richard Craver: The Obama Labor Department is set to create a textbook example of the law of unintended consequences. In…
    Mitch Kokai, May 18, 2016
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    $500 million, how ’bout a billion? $1 billion? $2.4 billion! Thank you, sir. $2.4 billion, how ’bout ten billion?

    I’m no clairvoyant; I’ve just seen this game played too often. This was a lamentably easy call: Local media would be and no doubt are expected to seize upon such a report as if it were hard economic fact, and one would be hard-pressed to imagine any “financial impact” figure…
    Jon Sanders, May 18, 2016
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    New Carolina Journal Online features

    Barry Smith reports for Carolina Journal Online on a state House budget proposal that would allow the SBI to buy its own airplane. John Hood’s Daily Journal highlights the latest peer-reviewed academic study that shows higher government spending and tax levels hold back states’ economic growth.
    Mitch Kokai, May 18, 2016