Jobs and economy (page 385)

  • Post

    Reporter’s metaphor highlights economic confusion

    According to this morning’s News & Observer (from AP), the combination of increased taxes and expiring unemployment benefits will “suck $165 billion out of the economy next year.” I can see the vacuum cleaner right now, sucking that money into non-existence. Just where it goes outside of the…
    Fergus Hodgson, November 23, 2011
  • Post

    Confessions of an exploited child laborer

    The headline is sarcasm, by the way. For those unfamiliar with my story, I grew up on a sheep and cattle farm in New Zealand—and yes, my parents had all of their six children work alongside them from as young as we can remember. For some jobs, they…
    Fergus Hodgson, November 23, 2011
  • Post

    State employment agency cribbing from Carrington?

    The state Department Division of Employment Security (formerly known as the Employment Security Commission) released its employment report (PDF) for October earlier today. Of interest: in seasonally adjusted terms, government employment in North Carolina increased by 4,800 from September to October. (Government employment not seasonally adjusted — in other…
    Rick Henderson, November 22, 2011
  • Post

    Historian Ferguson explains why Americans should pay attention to the European fiasco

    Historian Niall Ferguson‘s latest Newsweek column offers several reasons why Americans can’t afford (no pun intended) to ignore the financial problems plaguing the Old World: [T]he third reason Americans should care about Europe is more important even than the risk of a renewed financial…
    Mitch Kokai, November 22, 2011
  • Post

    Williams points out the folly of demonizing the rich

    Walter Williams‘ latest column explains why the president’s efforts to engage in class warfare are — to put it mildly — counterproductive. President Obama, in stoking up class warfare, said, “I do think at a certain point you’ve made enough money.” This is lunacy.
    Mitch Kokai, November 22, 2011
  • Post

    Clean Tech sets Dec. 15 deadline or it will abandon Stanly County plans

    From a press release issued today by Clean Tech, a company hoping to produce rebar and other construction materials at Alcoa’s former smelter location in Stanly County:   Clean Tech sets December 15 deadline for Stanly County project…
    Rick Henderson, November 21, 2011
  • Post

    Why is it hard to staff hard-to-staff schools?

    Do school location and demographics of the students make it difficult for administrators to recruit and hire teachers? Many assume that hard-to-staff schools are hard to staff because teachers do not want to teach at schools with a high percentage of low-income or minority students.   In “Defining and Identifying…
    Terry Stoops, November 21, 2011
  • Post

    The nation’s highest marginal tax rate revealed

    Discussions of tax proportionality along income lines are not complete without an address of the various credits and welfare payments that offset them. Since these handouts decline as one’s income rises, the rate of marginal taxation is the combination of the increased taxes and the forgone benefits. Sven…
    Fergus Hodgson, November 18, 2011