Economy
Business & Economics
Beyond the New Normal – New Study: Slow Economic Growth Is Not “The New Normal” For U.S. Economy
Countering the narrative that slow economic growth is “the new normal” for America’s economy, the Pacific Research Institute today released the first in a series of reports from its new study, Beyond the New Normal, which makes the case that future U.S. economic growth can meet –or exceed – past ...
Business & Economics
U.S. economy needs free trade
American officials are currently negotiating a free-trade deal known as the Trans-Pacific Partnership with their counterparts in Japan and 11 other Pacific Rim countries. If successful, the benefits to American consumers and producers would be significant. By some estimates, an agreement could grow the U.S. economy by $77 billion a ...
Business & Economics
Brown should go back to idea of a flat tax to help economy
Gov. Jerry Brown just signed bills finalizing California’s budget and closing the Golden State’s $16 billion budget deficit. But the governor’s budget is contingent on voters approving a proposed $8.5 billion tax hike at the ballot box this November. If they don’t, some $6 billion in spending cuts will go ...
Business & Economics
Educated Legislators, Bad Economy
California has the most educated legislators, according to a recent Chronicle of Higher Education study. Those stellar academic credentials, unfortunately, have not lifted the state from its economic malaise. California’s unemployment rate, as of May, is nearly 12 percent, higher than every state in the bottom five of the study. ...
Business & Economics
Memo to Candidates – Dire Economy Calls for Deep Reforms
California’s unemployment rate is 12.4 percent – third-highest in the country – but that statistic fails to tell the whole story of our economic woes. If marginal workers and those forced to work part-time are added to the base unemployment rate – what the Bureau of Labor Statistics refers to ...
Business & Economics
Lawyers gone wild are killing our economy
Part one of a three-part series. Jackpot Justice – Lawyers Gone Wild from Nicholas Tucker on Vimeo. It’s a dangerous world. At least, that’s what the warning labels on common consumer products would lead us to believe. The kitchen knife package cautions against juggling knives. The superhero costume warns that ...
Business & Economics
How lawsuit reform could jump-start Illinois’ economy
The Illinois economy continues to struggle, with an unemployment rate of 11.5 percent, near the highest in the nation. If lawmakers want to put people back to work, without costing taxpayers another penny for “stimulus,” they can enact desperately needed lawsuit reforms. In the newly released U.S. Tort Liability Index: ...
Business & Economics
Lawsuit reform could boost state economy
Michigan’s economy continues to struggle, with an unemployment rate of 14.1%, highest in the nation. If lawmakers want to put people back to work, without costing taxpayers another penny for “stimulus,” they can enact desperately needed lawsuit reforms. In the newly released U.S. Tort Liability Index: 2010 Report, Michigan ranks ...
Business & Economics
Artificially low interest rates bad for economy
Ultra-low interest rates fueled the housing bubble, thanks to former Fed chairman Alan Greenspan’s direction. And Americans should brace for another crash because that practice has continued. The Federal Reserve’s Open Market Committee recently announced it would maintain a target of zero to 0.25 percent for the federal funds rate ...
Business & Economics
To Revive New York’s Economy, Attack Lawsuit Abuse
New York’s unemployment rate is hovering near 9% – the highest in more than a decade. Meanwhile, almost 12% of Empire State homeowners are late on their mortgages or in foreclosure. From 1997 through 2007, the number of jobs in New York increased only 8%, ranking the state 36th. During ...
Beyond the New Normal – New Study: Slow Economic Growth Is Not “The New Normal” For U.S. Economy
Countering the narrative that slow economic growth is “the new normal” for America’s economy, the Pacific Research Institute today released the first in a series of reports from its new study, Beyond the New Normal, which makes the case that future U.S. economic growth can meet –or exceed – past ...
U.S. economy needs free trade
American officials are currently negotiating a free-trade deal known as the Trans-Pacific Partnership with their counterparts in Japan and 11 other Pacific Rim countries. If successful, the benefits to American consumers and producers would be significant. By some estimates, an agreement could grow the U.S. economy by $77 billion a ...
Brown should go back to idea of a flat tax to help economy
Gov. Jerry Brown just signed bills finalizing California’s budget and closing the Golden State’s $16 billion budget deficit. But the governor’s budget is contingent on voters approving a proposed $8.5 billion tax hike at the ballot box this November. If they don’t, some $6 billion in spending cuts will go ...
Educated Legislators, Bad Economy
California has the most educated legislators, according to a recent Chronicle of Higher Education study. Those stellar academic credentials, unfortunately, have not lifted the state from its economic malaise. California’s unemployment rate, as of May, is nearly 12 percent, higher than every state in the bottom five of the study. ...
Memo to Candidates – Dire Economy Calls for Deep Reforms
California’s unemployment rate is 12.4 percent – third-highest in the country – but that statistic fails to tell the whole story of our economic woes. If marginal workers and those forced to work part-time are added to the base unemployment rate – what the Bureau of Labor Statistics refers to ...
Lawyers gone wild are killing our economy
Part one of a three-part series. Jackpot Justice – Lawyers Gone Wild from Nicholas Tucker on Vimeo. It’s a dangerous world. At least, that’s what the warning labels on common consumer products would lead us to believe. The kitchen knife package cautions against juggling knives. The superhero costume warns that ...
How lawsuit reform could jump-start Illinois’ economy
The Illinois economy continues to struggle, with an unemployment rate of 11.5 percent, near the highest in the nation. If lawmakers want to put people back to work, without costing taxpayers another penny for “stimulus,” they can enact desperately needed lawsuit reforms. In the newly released U.S. Tort Liability Index: ...
Lawsuit reform could boost state economy
Michigan’s economy continues to struggle, with an unemployment rate of 14.1%, highest in the nation. If lawmakers want to put people back to work, without costing taxpayers another penny for “stimulus,” they can enact desperately needed lawsuit reforms. In the newly released U.S. Tort Liability Index: 2010 Report, Michigan ranks ...
Artificially low interest rates bad for economy
Ultra-low interest rates fueled the housing bubble, thanks to former Fed chairman Alan Greenspan’s direction. And Americans should brace for another crash because that practice has continued. The Federal Reserve’s Open Market Committee recently announced it would maintain a target of zero to 0.25 percent for the federal funds rate ...
To Revive New York’s Economy, Attack Lawsuit Abuse
New York’s unemployment rate is hovering near 9% – the highest in more than a decade. Meanwhile, almost 12% of Empire State homeowners are late on their mortgages or in foreclosure. From 1997 through 2007, the number of jobs in New York increased only 8%, ranking the state 36th. During ...
