Economy
That it hits so close to home makes the omission that much more glaring, but Lynn Arditi’s article in yesterday’s Providence Journal about floundering Rhode Islanders leaves out a huge component of their plight: The Federal Reserve’s surprise rate cut yesterday came too late for Steven A. Bigelow. His home remodeling and carpentry business, which…
With a H/T to one of my favorite blog sites, Cafe Hayek, watch this YouTube “debate” between Naomi Klein and Milton Friedman. Further videos on Klein vs Friedman can be found at the bottom of this post from Copious Dissent. For more information on Friedman’s underlying ideas, check out these Friedman-centric posts from my earlier…
This and the absurd carbon tax are bad ideas – in fact, for the same reasons. Firstly, no thought has been given to the millions of people of limited means who simply cannot pay such a premium on their gasoline. Are they supposed to stop working? And no, mass transit is not the answer. Beyond…
And to think — as the cost of driving my work van, carting around the tools and materials of a jobsite carpenter, resumes its upswing — Froma Harrop had the solution all along: Take oil. It’s not Bush’s fault that fast-growing China and India have fired up the global demand for oil, thus boosting its…
The U.S. Treasury Department has released a new study, “Income Mobility in the U.S. From 1996 to 2005.” This study examines income mobility of individuals over the past decade (1996 through 2005) using information reported on individual income tax returns. While many studies have documented the long-term trend of increasing income inequality in the U.S.…
That question usually implies that the good times have disappeared, but if by “good times” one means “strong economic growth,” Greg Kaza would argue that the good times have gone to the Red states: Political pundits identify 18 bona-fide Blue states, which backed Democrats Al Gore in 2000 and John Kerry in 2004, and 29…
I thought this sentence was a parody — or at least a cynical paraphrase — when I first saw it on Instapundit, but it’s an actual quote from a news story: Record low unemployment across parts of the West has created tough working conditions for business owners, who in places are being forced to boost…
That this NY Times story on how “U.S. incomes are falling” is being seized upon by those looking to denigrate the “Bush economy” (and continue playing the class warfare card) is, well, unsurprising. Too bad the premise of the piece ain’t exactly true, according to U.S. News economist/columnist James Pethokoukis (commenting on a derivative story…
What to make of the “Housing in R.I.” section displayed prominently on today’s ProJo.com frontpage? Let’s see, hmmm….wow, how ironic, Both condo sales and foreclosures are rising. Weird. Aw gee, Foreclosures taking a toll on Providence neighborhoods that’s sad. Not just here either? Nation’s mortgage woes put brakes on construction of homes, apartments. Yikes. Wait…
Turns out President Bush is only partially to blame for the high gas prices….(h/t and a wink) An eagle-eyed Senate GOP aide, perusing House Speaker Nancy Pelosi’s Web site, calls attention to her assertion there that “Americans are paying more than double for gas than when President Bush first took office.” She says the average…
