Jobs and economy (page 381)

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    Businessweek writer fails to understand the impact of high marginal tax rates

    In attempting to refute the notion that higher marginal tax rates “kill jobs,” Bloomberg Businessweek’s Mike Dorning offers the following information: “If the goal is to have more jobs 6 months, 12 months from now, you want to increase aggregate demand. If the goal is to…
    Mitch Kokai, September 27, 2011
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    This weekend on Carolina Journal Radio

    A proposal to define marriage within the North Carolina Constitution occupied much of lawmakers’ time during this month’s special legislative session. You’ll hear arguments for and against a proposed constitutional amendment, along with analysis from Rick Henderson, during the next edition of Carolina Journal Radio. Roy Cordato will…
    Mitch Kokai, September 23, 2011
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    New Carolina Journal Online features

    This week’s Carolina Journal Online Friday interview features Donna Martinez’s conversation with Daren Bakst about taxpayer compensation for the living victims of North Carolina’s decades-long forced sterilization program. Rick Henderson’s guest Daily Journal takes aim at pundits and politicians who have misused state unemployment data to…
    Mitch Kokai, September 23, 2011
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    Historic tactic against federal debt crisis gains further support

    In the past two weeks, the National Debt Relief Amendment (NDRA)--what would be the first state-initiated amendment since original ratification--has attracted new legislative sponsors in four states: Montana, Ohio, Texas, and Wisconsin. The resolution, which I have promoted both in The American Conservative and with the Pelican Institute, calls for a limited amendments convention to propose the following amendment: “An increase in the federal debt requires approval from a majority of the legislatures of the separate states.” http://www.youtube.com/watch?v=jNLcR4IpyKg North Dakota and Louisiana led the way by passing the NDRA resolution this year with bipartisan support in both chambers, and the recent additions could result in twelve additional states joining in the NDRA convention call. The full list with the NDRA pending introduction or passage now includes Arkansas, Arizona, Michigan, Minnesota, Missouri, Montana, Nebraska, Ohio, Pennsylvania, Texas, Utah, and Wisconsin.
    Fergus Hodgson, September 22, 2011
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    Raleigh’s planners violate code of ethics by protecting restaurants from food truck competition

    City planners are required by the American Planning Association code of ethics to serve the “public interest” not protect existing restaurants from food truck competition.  It seems that Raleigh planners have violated APA code of ethics. See the details here.
    Michael Sanera, September 22, 2011
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    Centrally planned wages hurt NC’s migrant workers and locals alike

    Southern Poverty Law Center promotes poverty Federal officials assign higher minimum wages to migrant workers than they do to domestic workers--presumably to appease organized laborers who squirm at the thought of honest competition. Now they're raising these minimum wages again, and in a big way. As the News and Observer reported this morning, that means, for example, by 50 percent for seafood processors. Who comes out in defense of this initiative? None other than the Southern Poverty Law Center. Apparently, governmentally assigned (insert: arbitrary) wages are a good idea and higher ones are appropriate.
    Fergus Hodgson, September 21, 2011
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    Washington and job creation

    One suspects the Obama administration will like the first response to Bloomberg Businessweek’s latest edition of “The Big Question”: How can Washington help business create jobs? In the first response, Al Hunt suggests a two-year, $1 trillion stimulus. It’s fortunate that Bloomberg View columnist Caroline Baum offers the…
    Mitch Kokai, September 21, 2011
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    Speaking of horribly bad ideas …

    Shortly after shining his journalistic spotlight on Marx, Peter Coy offered Bloomberg Businessweek readers this bit of Keynesian “wisdom”: President Obama’s $447 billion American Jobs Act is all about inspiring confidence in an economy that sorely lacks it. Like the last economic stimulus—and that’s…
    Mitch Kokai, September 21, 2011