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    Cary taxpayers on hook for boutique hotel debt

    The Town of Cary provided loans worth $2.6 million to help open a boutique hotel, the Mayton Inn, in its downtown area. The federal Department of Housing and Urban Development loaned the town $1.4 million of that total. Now the hotel’s owner, Memento Mori has filed for bankruptcy and the…
    Joseph Coletti, September 27, 2018
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    Carolina Journal: Virginia is a control state, but its model is friendly to that state’s distillers

    John Trump writes for Carolina Journal’s Daily Journal: For North Carolina’s distillers, getting their products into ABC stores is arduous and time-consuming. Distillers must first check all the boxes pertinent to federal and state laws. The state must then approve their products before distillers send those products to Raleigh…
    Anna Manning, September 17, 2018
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on the legislative committee that will look into concerns surrounding a $58 million Atlantic Coast Pipeline fund. John Hood’s Daily Journal explains why the N.C. economy needs more new business enterprises.
    Mitch Kokai, September 5, 2018
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    Regulatory reforms that help businesses start and grow

    State governments can take a number of steps to help businesses start and expand. A new report from the Pew Charitable Trusts provides examples from across the country of how regulators have used online permitting portals to make applying for permits easier and faster, prioritized enforcement against frequent violators of regulations,…
    Joseph Coletti, August 31, 2018
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    Why Failure Can Be a Good Thing

    I know an amazingly successful business person who says she failed at a lot of things before finding success. I thought of my friend as I read this piece on failure from Fast  Company. Throughout my years as a journalist, failure is probably the most frequent subject I’ve talked…
    Donna Martinez, August 20, 2018
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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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    Fighting Health Care Cronyism

    With the help of the Institute for Justice, a Winston-Salem physician has filed a lawsuit challenging North Carolina’s certificate of need laws. From IJ’s press release: Imagine living in a neighborhood dominated by expensive restaurants with poor service and lackluster food. You see an opportunity and decide…
    Jon Guze, August 3, 2018
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    England Didn’t Win the World Cup, but It’s Number 1 in Vaping

    Matt Ridley explains how it happened at the Rational Optimist: More people use ecigarettes in the UK than in any other European country. It’s more officially encouraged than in the United States and more socially acceptable than in Australia, where it’s still banned. There is a thriving…
    Jon Guze, July 16, 2018