Monetary policy (page 10)

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    NC House votes on Economic Development

    The NC House voted today on the NC Competes Act, which is a bill which will increase incentives in the state.  The complete press release is below: Today the North Carolina House of Representatives passed HB-117: NC Competes Act with a bipartisan vote of 84-24. HB-117 will now need…
    Sarah Curry, September 23, 2015
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    Kudlow would like to hear money talk from GOP candidates

    Lawrence Kudlow details in a column posted at Human Events his disappointment that neither Republican presidential debate has devoted much time to issues involving money. … [I]t would have been a good thing if any of the candidates talked about our money. A strong…
    Mitch Kokai, September 23, 2015
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    NC Senate voted to increase corporate welfare

    A press release was sent out by the NC Senate late last night about their vote to extend the JDIG program for an additional 3 years.  See the entire release below: In a unanimous vote, the North Carolina Senate on Monday tentatively passed legislation that will continue efforts to recruit…
    Sarah Curry, September 22, 2015
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    Barron’s Forsyth analyzes the history of seasonal market swoons

    Randall Forsyth of Barron’s reminds us that the stock market has a tendency to weaken at this time of the season. [T]here have been an unusual number of market upheavals around this time. A partial list includes a panic that shut the New York Stock Exchange…
    Mitch Kokai, September 21, 2015
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    Tax Foundation comments on NC’s tax changes in state budget

    The Tax Foundation, a Washington D.C. based non-partisan think tank, has commented on the tax changes found in North Carolina’s state budget that has been sent to the Governor’s desk and is awaiting his signature. Here is their summary of the tax changes and economic development items in…
    Sarah Curry, September 18, 2015
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    Forbes columnist urges higher rates

    My copy of the latest issue of Forbes magazine hit the mailbox after the Federal Reserve announced plans to hold the line on interest rates. Nonetheless, global economist David Malpass‘ advice is still worth highlighting. The Fed’s progressive critics are calling for the Fed…
    Mitch Kokai, September 18, 2015
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    Corporate Tax won’t go to 3%, according to revenue estimates and new trigger

    Yesterday while reading through the budget, my colleague and I ran across some interesting language in the latest version of the state’s two-year spending plan.  Lawmakers are claiming that the corporate income tax will be lowered to 3%, but that isn’t necessarily the case.  Below are some excerpts from a…
    Sarah Curry, September 16, 2015
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    Senate approves budget

    Yesterday the senate passed, by a party lines vote of 33-16, the state’s two-year spending plan after over an hour of debate.  The Senate will make their third and final vote on the budget today and the House is scheduled to take it’s final vote on Friday.  The $21.7 billion…
    Sarah Curry, September 16, 2015