Jobs and economy (page 402)

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    About those broken windows …

    One bright side of Hurricane Irene is the new opportunity to highlight the “broken window fallacy.” As those who understand the fallacy realize, that’s about the only bright side. There is no net economic benefit from the destruction linked to the storm. Lawrence Kudlow…
    Mitch Kokai, August 31, 2011
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    ABC 11 prez on graduation rates

    John Idler, President and General Manager of ABC 11 WTVD, is pleased that graduation rates have improved.  In a letter to the News & Observer, he writes, It’s encouraging news to learn that high school graduation rates have improved in 2011, increasing to 77.7 percent, the highest four-year graduation…
    Terry Stoops, August 30, 2011
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    Cantor outlines U.S. House’s plans for creating jobs

    The debate over the best way to create job growth will ramp up again soon in Washington, with competing proposals from President Obama and U.S. House Republicans. House Majority Leader Eric Cantor has signaled the key pieces of the GOP plan, as Susan Ferrechio reports for…
    Mitch Kokai, August 30, 2011
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    Unusual for us, but not for others, Sowell warns

    Thomas Sowell‘s latest column suggests that our “unusually” slow economic recovery shouldn’t surprise anyone who has looked at the impact of growing government economic intervention in other countries. Some very sharp downturns in the American economy, such as in the early 1920s, were followed…
    Mitch Kokai, August 30, 2011
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    Encouraging entrepreneurship

    If incentives matter in encouraging or discouraging certain types of behavior, then incentivizing entrepreneurship seems to make sense as we battle economic woes. That means lower marginal tax rates and consistent, limited regulation. The latest Bloomberg Businessweek also editorializes that the unemployment system could do a…
    Mitch Kokai, August 30, 2011
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    New Carolina Journal Online features

    Duke Cheston reports for Carolina Journal Online about the latest developments in WakeMed’s attempt to buy Rex Healthcare from UNC. John Hood’s Daily Journal compares North Carolina’s path toward economic recovery to a climb up Mount Mitchell.
    Mitch Kokai, August 30, 2011
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    Monday education jobs report

    The new school year is underway, but it is not too late to apply for a public school job in North Carolina. The North Carolina Public Schools Application System, which does not include listings for Wake County and Charlotte-Mecklenburg, lists 534 vacant positions.  Of these, 180 are teaching jobs.
    Terry Stoops, August 29, 2011
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    The window is still broken and the shopkeeper still needs a new suit

    Cato’s  David Boaz reminds journalists that hurricanes don’t create jobs, they destroy property and lives making us poorer not wealthier. Oh, dear. Oh, dear. No matter how many times economists debunk the broken window fallacy, not a natural disaster goes by that journalists don’t try to cheer us up…
    Michael Sanera, August 29, 2011