Regulation (page 358)

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    Why do we have minimum wage laws?

    The minimum wage in NC is currently $7.25 an hour. North Carolina raised its minimum wage based on the Fair Minimum Wage Act (FMWA) of 2007, which gradually raised the federal minimum wage from $5.15 to $7.25 per hour. FMWA was part of new Democratic majority’s agenda in the US…
    Adam Barrett, July 6, 2011
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    A symbol of the fight over government overreach

    In the latest TIME, Michael Crowley scarcely disguises his disappointment — along with the disappointment of numerous left-of-center sources he quotes — that the Obama administration has yet to appoint Harvard law professor Elizabeth Warren as the first director of a new Consumer Financial Protection Bureau. Though the…
    Mitch Kokai, July 5, 2011
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    Asking the wrong questions about the minimum wage

    The latest Bloomberg Businessweek takes U.S. Rep. Michele Bachmann to task for suggesting in 2005 that eliminating the minimum wage “could potentially virtually wipe out unemployment completely.” The article focuses on the likely impact of the end of a government-mandated minimum wage on the official unemployment…
    Mitch Kokai, July 5, 2011
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    Joint Legislative Program Evaluation Oversight Committee

    Today the committee discussed several of the matters they are dealing with this year, which includes: –       Completing a report on the state retirement system by this fall –       Taking a look at the state motor vehicle fleet –       A follow-up on the original state aircraft report –       The examination of motor vehicle registration…
    Erin McBrayer, June 28, 2011
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    Government’s multiplier effect in action

    Regular readers in this forum — who’ve seen plenty of examples of the Obama administration’s anti-market tendencies — might appreciate the following blurb from the latest National Review: In a speech at Chrysler’s Toledo plant celebrating his administration’s “successful” bailout of the…
    Mitch Kokai, June 28, 2011
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    Regulation’s impact on capitalism

    Don’t believe the Locker Room’s frequent warnings that overregulation hurts the economy? Perhaps you’ll believe Jim Grant, founder of Grant’s Interest Rate Observer, who offers the following quote “on the regulatory environment” for a Bloomberg Businessweek blurb: The trouble is not a…
    Mitch Kokai, June 27, 2011
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    New Carolina Journal Online features

    Karen Welsh’s latest Carolina Journal Online report details three school reform measures that cleared the General Assembly this year. John Hood’s Daily Journal warns about the dangers of unlicensed musical therapy.
    Mitch Kokai, June 27, 2011
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    New Carolina Journal Online features

    Sara Burrows’ latest Carolina Journal Online report documents legislative efforts to create new occupational licensing laws. John Hood’s Daily Journal describes a particularly “ludicrous” government meeting linked to proposed hospital expansions.
    Mitch Kokai, June 22, 2011