August 3, 2015 at 12:31 pm
Several of the Republican presidential candidates addressed a Koch Freedom Partners event over the weekend. I caught a webcast of some of Ted Cruz and all of Jeb Bush being interviewed by Politico's Mike Allen.
I thought Mr. Bush was strongest in the sections of the appearance when he talked about the energy revolution and about health care.
August 3, 2015 at 11:56 am
Glenn Reynolds has a good USA Today column catching President Obama getting something right — drawing attention to the problem of excessive occupational licensing requirements (is that redundant?) imposed by state and local governments. Professor Reynolds concludes:
August 1, 2015 at 9:32 pm
Michael Bloomberg said just the other day that the Federal Reserve's low interest rates have, as he put it, "exacerbated the wealth gap between the poor and the rich because the rich have assets. And that is what is being hiked here because of low interest rates, whether they own stocks or real estate or whatever the case may be."
July 31, 2015 at 2:21 pm
Today's appearance by Jeb Bush at the national Urban League conference is a fine opportunity to circle back to the flap earlier this month about limiting the ride-sharing service Uber in New York City. Facing off against Mayor de Blasio, Uber attracted support from celebrities including supermodel Kate Upton and NY1 political anchor Errol Louis.
At the Urban League conference, Mr. Bush talked about charter schools, but not about Uber. It was a fine speech, but connecting the two issues has the potential to make an even bigger, stronger point.
July 31, 2015 at 11:30 am
President Obama apparently thinks he can get his Iran deal past Congress by using his favorite tactic, class warfare.
The Jewish Telegraphic Agency reports from Washington:
July 30, 2015 at 2:20 pm
Why is Donald Trump leading the Republican presidential polls? One reason is that one of the most powerful voices in conservative media, Rush Limbaugh, has been a strong supporter. Mr. Limbaugh on Mr. Trump: "I was playing golf at Trump's course here a couple years ago. I happen to be a member of Trump International...I love the guy. I'm telling you, I love the guy. I don't know how far his campaign is gonna go, but I'm telling you: Somebody is fighting."
The golf club, in West Palm Beach, Fla., reportedly has an initiation fee of $250,000 and annual dues of $25,000.
July 30, 2015 at 2:13 pm
The solicitor general has asked the Supreme Court to review the Second Circuit's decision clearing two traders, Todd Newman and Anthony Chiasson, who were prosecuted for insider-trading-related issues by the U.S. attorney for the Southern District of New York, Preet Bharara. The court could do a service either by declining the request for review (thus letting the Second Circuit decision stand) or by taking the case, reining in Mr. Bharara, and clarifying the issues involved (or asking Congress to do so). Bloomberg News has a story.
July 30, 2015 at 11:16 am
A New York Times article helpfully enumerates the possible responses a fast-food franchise operator might take to the New York State dictating a $15 minimum wage for fast-food workers who work for a chain with at least 30 locations. "A wage increase applying to such a narrow segment of the economy is bound to have unintended consequences," the Times reporter says:
July 30, 2015 at 11:08 am
July 29, 2015 at 1:04 pm
Yesterday I promised that I would post a detailed rebuttal of the argument that increased immigration will hurt the wages of American workers. Luckily, Dylan Matthews of Vox.com got there first and saved me the trouble. He writes:
July 29, 2015 at 12:51 pm
The Boston Globe takes a look inside the Verona, Wisconsin headquarters of Epic Systems, which includes a treehouse. The newspaper says Massachusetts hospitals and health systems have announced more than $2 billion in spending on Epic software and systems for electronic medical records. There's also some skepticism:
July 29, 2015 at 12:39 pm
Bloomberg Television has a pretty interesting conversation between Michael Bloomberg and Goldman Sachs CEO Lloyd Blankfein (video here, here, here, and here). From a transcript, here is Mr. Blankfein talking about the difference between a (mostly) capitalist economy like America and a (mostly) communist economy like China:
July 28, 2015 at 3:53 pm
To the long list of problems with the health care system in America that have not been solved by ObamaCare (or, for that matter, by RomneyCare) add what Mass. General Hospital in Boston calls the crisis in pediatric psychiatric emergency rooms:
July 28, 2015 at 3:19 pm
July 28, 2015 at 11:30 am
Hillary Clinton's campaign pledge that on day one as president she would commit to an "ambitious national goal" of "half a billion solar panels installed across the country by the end of my first term" is the subject of my column this week. Please check it out at the New York Sun (here), Reason (here), and Newsmax (here).
The New York Times sheds further light on the solar issue in a news article:
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