Business & Economics
Business & Economics
What an economist learned in Haiti
I recently spent a week in Haiti helping with reconstruction efforts. I volunteered only as someone with two hands and a lot of Gatorade, but my professional background as an economist allowed me to diagnose some of Haiti’s problems. These go much deeper than the earthquake. I registered with the ...
Business & Economics
‘Government involvement’ never leads to lowered prices
After almost a month of repairs, the K.R. Harrington Water Treatment Plant is back in operation. Nashville residents can bathe and wash dishes normally. Now that the crisis has passed, it is useful to reflect on the economic lessons of government pricing and rationing. Let’s start with the basic facts. ...
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
Appeals bond cap on the table in New Jersey
A2473 would limit the amount of appeal bond in civil actions to the total value of the monetary judgment or $50 million, whichever is less. Mr. O’Brien wrote, “New Jersey’s reputation recently took a hit when a Pacific Research Institute study ranked the state’s as the most worrisome tort system. ...
Business & Economics
Without legal reform, economic growth evades Nevada
State’s poor civil-justice tort climate drives away businesses and entrepreneurs Nevada’s economy continues to struggle. Its unemployment rate is 14 percent, 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 ...
Business & Economics
It’s not easy being nonunion green
SACRAMENTO – The state’s Democratic legislators have an inordinate hostility to the free marketplace, as evidenced by their endless push for new business regulations and for higher taxes for corporations and wealthy Californians. Yet there is one form of business development that the California Left has embraced with particular gusto ...
Business & Economics
Public Employee Unions: On the Defensive?
Public Employee Unions: On the Defensive? Four big California public employee unions — including firefighters and highway patrol officers — would roll back their pensions under a deal struck this week with the governor. The compromise comes at a time when public sector unions are increasingly under pressure to make ...
Business & Economics
At the crossroads of Silicon Valley, Sacramento
California is pursuing an IT Strategic Plan, the official state blueprint for improving citizen and internal services through technology investments. Though launched with good intentions, the plan could benefit from some revision and more input from Silicon Valley. Historically, government officials have struggled to effectively manage the state’s massive, decentralized ...
Business & Economics
When governments lobby governments
During the current economic downturn, governors across the nation such as Arnold Schwarzenegger of California have been lining up to lobby the federal government for bailout money. For the public, and taxpayers in particular, this activity raises serious but seldom examined questions. If private citizens undertook such activity, there are ...
Business & Economics
No pension fix from Capitol
“One cannot be both a progressive and be opposed to pension reform,” Gov. Arnold Schwarzenegger’s top pension adviser, David Crane, said during a pension-reform hearing May 10. “The math is irrefutable that the losers from excessive and unfunded pensions are precisely the programs progressive Democrats tend to applaud. Those programs ...
What an economist learned in Haiti
I recently spent a week in Haiti helping with reconstruction efforts. I volunteered only as someone with two hands and a lot of Gatorade, but my professional background as an economist allowed me to diagnose some of Haiti’s problems. These go much deeper than the earthquake. I registered with the ...
‘Government involvement’ never leads to lowered prices
After almost a month of repairs, the K.R. Harrington Water Treatment Plant is back in operation. Nashville residents can bathe and wash dishes normally. Now that the crisis has passed, it is useful to reflect on the economic lessons of government pricing and rationing. Let’s start with the basic facts. ...
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: ...
Appeals bond cap on the table in New Jersey
A2473 would limit the amount of appeal bond in civil actions to the total value of the monetary judgment or $50 million, whichever is less. Mr. O’Brien wrote, “New Jersey’s reputation recently took a hit when a Pacific Research Institute study ranked the state’s as the most worrisome tort system. ...
Without legal reform, economic growth evades Nevada
State’s poor civil-justice tort climate drives away businesses and entrepreneurs Nevada’s economy continues to struggle. Its unemployment rate is 14 percent, 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 ...
It’s not easy being nonunion green
SACRAMENTO – The state’s Democratic legislators have an inordinate hostility to the free marketplace, as evidenced by their endless push for new business regulations and for higher taxes for corporations and wealthy Californians. Yet there is one form of business development that the California Left has embraced with particular gusto ...
Public Employee Unions: On the Defensive?
Public Employee Unions: On the Defensive? Four big California public employee unions — including firefighters and highway patrol officers — would roll back their pensions under a deal struck this week with the governor. The compromise comes at a time when public sector unions are increasingly under pressure to make ...
At the crossroads of Silicon Valley, Sacramento
California is pursuing an IT Strategic Plan, the official state blueprint for improving citizen and internal services through technology investments. Though launched with good intentions, the plan could benefit from some revision and more input from Silicon Valley. Historically, government officials have struggled to effectively manage the state’s massive, decentralized ...
When governments lobby governments
During the current economic downturn, governors across the nation such as Arnold Schwarzenegger of California have been lining up to lobby the federal government for bailout money. For the public, and taxpayers in particular, this activity raises serious but seldom examined questions. If private citizens undertook such activity, there are ...
No pension fix from Capitol
“One cannot be both a progressive and be opposed to pension reform,” Gov. Arnold Schwarzenegger’s top pension adviser, David Crane, said during a pension-reform hearing May 10. “The math is irrefutable that the losers from excessive and unfunded pensions are precisely the programs progressive Democrats tend to applaud. Those programs ...
