Economy
Duncan Currie tells a tale of economic happenings in my childhood state of New Jersey that should ring familiar to Rhode Islanders: Hughes, Seneca, and Irving estimated that, between 2000 and 2005, net domestic out-migration cost the state a total of $7.9 billion in adjusted gross income. “Although this loss is relatively small–3.3 percent of…
Power Line: Today the Obama administration’s “pay czar” demanded that Ken Lewis, Chairman of the Board of Bank of America, work for free. The “czar,” Kenneth Feinberg, pressured Lewis not only to forgo all remaining compensation for 2009, but to repay the $1 million he has already received this year. Lewis acquiesced, saying that “he…
Cafe Hayek on More on the 2009 Nobel Prize in Economics. More here. Hey, these awardees actually did something to earn their Nobels! LOL. Valuable reading to be found in the links. ADDENDUM #1: David Boaz of the Cato Institute on What is Regulation?
Power Line on Taking the National Debt Seriously Stephen Spruiell on Obamacare Dissected: Ten things that probably will be in the health-care bill (but shouldn’t) Kevin Williamson on Real Health-Care Reform: Ten things that ought to be in the health-care bill (but probably won’t) Veronique de Rugy on Elinor Ostrom and the Essence of Economics…
Two stories in last week’s ProJo have been jangling around in my head. Then Justin noted Deborah Gist’s “anger” over kids not wanting to go to college and, correctly, pointed out that college ain’t for everyone. I agree, especially when the value of a B.A. seems to be less and less while we pay more…
Herewith, further thoughts emerging from things said at healthcare town halls. The focus is, obviously, healthcare, but the argument is against socialism in general (ahem).
Charles Krauthammer on Obama’s French Lesson: Sarkozy could not conceal his astonishment at Obama’s naivete Jennifer Rubin on Selling Our Souls Andy McCarthy on If you don’t get Islamic ideology, you don’t get the problem in Afghanistan; follow the links, too Richard Cohen on Does Obama Have the Backbone? Milton Friedman on Greed Steven Hayward…
…is most likely to come from the automobile industry. Did anyone else note the statistics related to automobile sales released at the end of last week (via Reuters, in the excerpt below)…U.S. auto sales tumbled by 23 percent in September as showrooms emptied after the government-funded boom from the “cash for clunkers” program, with General…
With the economy at best slowing its wobble (and reason to be wary even about that), the Obama administration has added requirements for “better gas mileage for cars and trucks and the first-ever rules on vehicle greenhouse gas emissions” to its list of desired drags thereon. Note this now-familiar feature: The proposal will cover vehicle…
Serious as the economic times may be, it’s difficult not to laugh at the apparent bewilderment of some: A year after the financial system nearly collapsed, the nation’s biggest banks are bigger and regaining their appetite for risk. Goldman Sachs, JPMorgan Chase and others — which have received tens of billions of dollars in federal…