Global stocks sink on fiscal angst after U.S. vote

Post-Election Retreat: Dow Plummets Below 13K for First Time in 2 Months

The Coming Age of Austerity | Pat Buchanan at Townhall

Crony Capitalism: By-Product of Big Government

    NCPA Policy Digest: Crony capitalism describes an economic system in which the profitability of firms in a market economy is dependent on political connections. Despite the coverage in popular press, little academic research has been devoted to researching the causes and effects of crony capitalism, says Randall G. Holcombe, professor of economics at Florida State University.


  • Posted: 11/01/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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The Looming Shortfall in Public Pension Costs

    NCPA Digest: The recent economic crisis has left many state and local governments with underfunded pension benefits for government employees. However, elected officials are unwilling to make the necessary cuts or tax hikes because both options are extremely unpopular, say Robert Novy-Marx, an assistant professor of finance at the University of Rochester’s Simon Graduate School of Business, and Joshua Rauh, a professor of finance at the Stanford Graduate School of Business and a senior fellow at the Hoover Institution.


  • Posted: 10/30/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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CATO Institute: Fiscal Policy Report Card on America’s Governors: 2012

    CATO Institute (pdf link available to the full report): Four governors were awarded an “A” in this report card—Sam Brownback of Kansas, Rick Scott of Florida, Paul LePage of Maine, and Tom Corbett of Pennsylvania. Five governors were awarded an “F”—Pat Quinn of Illinois, Dan Malloy of Connecticut, Mark Dayton of Minnesota, Neil Abercrombie of Hawaii, and Chris Gregoire of Washington.


  • Posted: 10/29/2012
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  • Category: Miscellaneous
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  • Source: www.cato.org

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2012: Fed. Gov’t borrowed 31 cents of every dollar spent, debt now over $16

Billionaire’s ads to warn Americans against socialism: People will stop working and creating

Jack Welch: I Was Right About That Strange Jobs Report

The Impact of Federal Regulations on U.S. Manufacturing: Was 27% of GDP in 1957, now 12.2%

Cal. Gov. temp. waives environmental regs to ease gas prices

Gas shortages start to plague California, prices at $4.32 moving toward $5

Baby Bust Continues: US Births Down For 4th Year

Easy Money is Punishing the Middle Class

    Sean Fieler at the WSJ (via Google): The more than five-fold increase in the median income of the American household since 1971, to $50,000 from $9,000, certainly provides the clear appearance of progress. But after the dollar’s 82% loss of purchasing power over the same period is factored in, the median household income rose just 12%. This much more modest increase is largely the result of the growing prevalence of two-income households . . . The median real income for working men over the same 40-year period rose just 8%. And that improvement only accrued to the ever-shrinking percentage of men fortunate enough to still have full-time jobs—just 67%, according to the latest data from the Bureau of Labor Statistics, within a percentage point of the lowest level on record since the figure was first recorded in 1948.


  • Posted: 09/27/2012
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  • Category: Featured

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Low-wage work force grows 30% as the number of jobs shrinks

55 percent of small business owners would not start company today, blame Obama

U.S. free market is a myth, the structural shell of historic institutions | Ron Paul

Spain Recoils as Its Hungry Forage Trash Bins for a Next Meal

How Quantitative Easing Helps the Rich and Soaks the Rest of Us

    NCPA Policy Digest: In the face of slow growth, the Federal Reserve has pursued another round of quantitative easing to help alleviate economic concerns. However, the Fed’s policy is simply a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy, according to Anthony Randazzo, director of economic research at the Reason Foundation.


  • Posted: 09/24/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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Bernanke holds closed-door meeting with senators on fiscal cliff

    The Hill: Federal Reserve Chairman Ben Bernanke underlined his concerns about the fiscal cliff in a closed-door meeting with senators Wednesday. The head of the nation’s central bank met privately with members of the Senate Finance Committee, as he continued to make his case to lawmakers that they must adjust policy before the end of the year to avert a fiscal cliff of tax hikes and spending cuts that economists argue could thrust the nation back into a recession.


  • Posted: 09/20/2012
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  • Category: Miscellaneous
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  • Source: thehill.com

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Law Schools Suffer Deep Loss in Lawsuits

    Balkinization: Of the dozen-plus misrepresentation lawsuits filed against law schools by their former students, in recent months three have been dismissed (several have survived motions to dismiss and are in discovery). The core basis for the dismissal is the same in all three: prospective students cannot reasonably rely upon employment data posted by law schools . . . These three law schools, and others facing similar suits, undoubtedly count these decisions as victories. But I cannot shake the sense that they mark a deep wound to the standing of law schools.


  • Posted: 09/19/2012
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  • Category: Bench & Bar
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  • Source: balkin.blogspot.com

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US Chamber of Commerce: 2012 State Liability Systems Survey Lawsuit Climate Ranking the States

The Fed Goes Political

“Fed says to buy more bonds until jobs rebound”

Analysis: U.S. colleges have made huge endowment gains

Judicial Conference of U.S. announces courthouse closings

No School, No Work: Young See Toll From Recession

Premiums For Family Health Plans Hit $15,745

How Are Baby Boomers Spending Their Money?

Unelected Unions: Why Workers Should Be Allowed to Choose Their Representatives

    NCPA Policy Digest: Unions were once an important avenue for protecting workers by providing a powerful tool to negotiate with employers. However in today’s economy it is increasingly less relevant for workers to be represented by unions; it may even hurt the employee more, says James Sherk, a senior policy analyst in labor economics at the Heritage Foundation.


  • Posted: 09/11/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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Central Bank to Snap Up Debt, Saying, ‘Euro Is Irreversible’

Food stamp use climbs to record 46.7 million people

US Slips Down the Ranks of Global Competitiveness – 4th Year of Decline

Survey: Economy Still Plaguing Churches

Bernanke: With Unemployment High, Fed Can Do More

The Gold Standard Goes Mainstream: Fiat Money Part of the Economic Problem

Obama ‘recovery’ bad news for middle class – median income down additional 6.7%

    Washington Times: Such continuously high unemployment is a central aspect of the declining standard of living for middle class Americans in the Obama era. During the recession that Obama (mostly) inherited, the real median income of American households fell 3.2 percent. During the “recovery” over which Obama has presided, the real median income of American households has fallen an additional 6.7 percent.


  • Posted: 08/29/2012
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  • Category: Marriage & Family
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  • Source: times247.com

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France to pay 75% of salary to hire young, shocking unemployment rates in Europe

Top 3 Small Business Struggles | Heritage Foundation

What Can Central Banks Do: U.S. Caught in Liquidity Trap

Gov’t Gas Mandates Reduce Competition: Phoenix and Tucson have different blends

Republicans can’t duck abortion: Core problems are moral | Star Parker

Republicans eye return to gold standard

Middle Class Sinking: -5% median income, -28% wealth

Americans Having Fewer Babies Crimping Consumer Spending

Lacker Says Fed’s Power To Fix Economy Now Limited

UK: Relaxation of Sunday trading will upset churchgoers, family campaigners and a good number of Tory MPs

UK: ‘Trojan’ bid to make longer Sunday trading permanent

The United States of Dependency?

Chinese companies pull out of US stock markets

    Yahoo Finance: a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges . . . The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors. Some Chinese companies say they are pulling out of U.S. markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with American financial reporting rules.


  • Posted: 08/14/2012
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  • Category: Global: Miscellaneous
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  • Source: finance.yahoo.com

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Lifting Drilling Restrictions Could Increase U.S. Reserves by 30 Percent, Study Finds

The College-Cost Calamity: Tuition rises from 23% of median earnings in 2001 to 38% in 2010

5 Questions with Fr. Robert Sirico: The Moral Case for a Free Economy

    Washington Times: . . . You have warned that civilizations fail and the reason they fail is plain. “When civilizational virtues are eroded from within, people lose the capacity to defend the good things those habits enabled previous generations to achieve,” you explain, and cite ancient Greece, the Roman Empire and 1930s Germany as examples. Millions are afraid the United States is heading down the same doomed path. Is that indeed a danger, and what do Americans need to do to pull a U-turn back in the right direction? Sirico: While I do not wish to overstate the crisis we as a nation and a culture are facing, it is, I believe, quite apparent things are seriously off-kilter. Nor is this an observation from one side of the political spectrum — it is a general sense people have.


  • Posted: 08/08/2012
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  • Category: Featured
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  • Source: www.washingtontimes.com

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Over 100 Million Now Receiving Federal Welfare

French socialists plan a 75% tax rate on the “rich”

Tough Choices For Law Schools Amid Jobs Crisis

    AP: The University of Virginia, a top-ranked law school, hired 17 percent of its 377 graduates in 2011. The school has a 95 percent rate of fulltime employment in positions requiring bar admission. Subtract those graduates whose salaries are being paid by their alma mater, and it drops to 78 percent. “It’s a Ponzi scheme, in almost a literal sense,” said Paul Campos, who teaches at the University of Colorado Law School in Boulder. “You’re taking money from current students and paying it to unemployed graduates.”


  • Posted: 08/07/2012
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  • Category: Bench & Bar
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  • Source: hosted.ap.org

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“The GOP’s Elephant in the Room: Gay Marriage”

Internet Tax Likely Coming Whether You Like it or Not

Congress Takes 5 Weeks Off

Nevada’s real unemployment is 22.1%, only 3 states are below 10%

    CNBC: The government’s most widely publicized unemployment rate measures only those who are out of a job and currently looking for work . . . or that count, the government releases a separate number called the “U-6,” which provides a more complete tally of how many people really are out of work. The numbers in some cases are startling.


  • Posted: 08/03/2012
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  • Category: Miscellaneous
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  • Source: www.cnbc.com

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GM profits plunge 41% as European struggles take their toll

Jim DeMint: No Internet Taxation Without Representation

    Jim DeMint at Our nation was born from the idea of “no taxation without representation”—that citizens should not be taxed by governments in which they have no political voice. Yet now lawmakers in Washington want to overturn that bedrock principle in order to extract more revenues from American consumers. The Marketplace Fairness Act recently introduced in the Senate would require online retailers to collect and pay sales taxes to states where they have no physical presence or democratic recourse.


  • Posted: 08/01/2012
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  • Category: Miscellaneous
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  • Source: online.wsj.com

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Inhofe: Obama Administration ‘Doesn’t Want All These Pink Slips Going Out 5 Days Before Election’

More Law Schools Haggle on Scholarships

U.S. Senate Approves Obama Plan to Raise Taxes on Small Businesses

American Economic Mobility Readily Measurable

    NCPA Policy Digest: With regard to wealth insecurity, Rank finds that workers between the ages of 25 and 60 experience vast changes in income over time, and that this exposes them to a wide variety of economic conditions . . . By age 60, nearly 77 percent of Americans will have lived in a household earning more than $100,000 for at least one year.

     


  • Posted: 07/23/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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Multiple Families, One Roof

    NCPA Policy Digest: Many suburban communities have long made it difficult, or impossible, for homeowners to convert underused space — barns, garages and basements — into rental apartments. But across the United States, homeowners are pressing for changes in zoning laws to allow rentals while home builders report a rise in demand for houses with in-law suites or quarters with separate entry, says the Wall Street Journal.


  • Posted: 07/20/2012
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  • Category: Marriage & Family
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  • Source: www.ncpa.org

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Starting salaries continue to slide as big firm opportunities dry up

Ron Paul: Inflation is a Monetary Phenomenon

9th Circuit Cancels 2013 Judges’ Conference

The Hill Poll: Voters say wealth is now an impossible dream

Arthur B. Laffer and Ford M. Scudder: The Tax Cliff Is a Growth Killer

ABA: Law schools getting the message on practical skills