October 1, 2014 at 10:50 am
The series of recent lapses by the Secret Service has put the agency's budget in the news. A New York Times editorial today reports:
October 1, 2014 at 9:32 am
One of my favorite political articles of the year was my friend and former colleague Seth Lipsky's New York Post column that appeared under the headline "Optimism: The GOP's Missing Ingredient."
It seems to have resonated not just with me but with some of the Republican Party's possible 2016 presidential contenders. Senator Ted Cruz, in his remarks to the 2014 Values Voter Summit that won him the straw poll there (and that are worth a look for other reasons, too), said, "I'm optimistic because of you. I'm optimistic because I believe in the American people."
And Governor Scott Walker of Wisconsin tells Robert Draper of GQ (link via Politico Playbook): "One of the problems I see with Republicans nationally — well, three. … They're always against Obama, so they're not optimistic. I try to be optimistic and visionary."
September 30, 2014 at 3:16 pm
The Federal Reserve Bank of New York has a nifty new piece of research suggesting that the expiration of Emergency Unemployment Compensation — the federal extended unemployment insurance benefits that allowed jobless individuals to collect up to 99 weeks of unemployment benefits — contributed to the rapid creation of job openings in early 2014:
September 30, 2014 at 2:44 pm
Mayor de Blasio's executive order raising to $13.13 the minimum wage for workers at sites that receive some city subsidies is the topic of a news article in today's New York Times. Via the American Enterprise Institute's Mark Perry comes a reminder of a 1987 New York Times editorial that appeared under the headline: "The Right Minimum Wage: $0.00." The two articles go well together.
September 30, 2014 at 10:13 am
The Economist's Will Wilkinson has a nice defense of Hayek and his idea of spontaneous order.
September 30, 2014 at 10:09 am
USA Today has an op-ed by Andrés Martinez about corporate tax reform:
September 30, 2014 at 10:03 am
Tax questions on state and local ballots this November are the topic of my column this week:
September 29, 2014 at 3:09 pm
Add Senator Rand Paul to New York Times editor Dean Baquet, Microsoft founder Bill Gates, Facebook founder Mark Zuckerberg, and Apple founder Steve Jobs on the list of Americans who never finished their college degrees. This detail comes from a New Yorker profile of Paul that is just out.
September 24, 2014 at 10:46 am
Posting will be sparse to non-existent Thursday and Friday as the editor marks the Jewish New Year. A happy, healthy, prosperous and free new year to all reader-participant-community member-watchdog-content co-creators, whatever your religious persuasion or lack of it. We'll be back in full force in 5775.
September 24, 2014 at 10:32 am
The New York Times reports on the housing market in California, where properties that the politicians and the press were declaring "toxic" and threatening to use eminent domain to seize from their owners are now in high demand:
September 23, 2014 at 2:11 pm
The web site Zero Hedge has an excerpt from what it says is hedge fund manger Seth Klarman's latest client letter: "Even as reported inflation remains quite subdued, signs of incipient cost increases are increasingly evident. We are seeing them, for example, in apartment rents, construction costs, and salaries of newly minted engineering graduates and oilfield workers."
September 23, 2014 at 2:05 pm
Libertarian (or classical liberal) law professor Richard Epstein's column this week takes a look at efforts in American law to force American companies to "monitor the labor conditions of their overseas contractors and subcontractors." He writes: "The law of unintended consequences does not stop at the American border, for the effort to enforce ethical obligations through law could easily hurt the very people they are meant to help."
September 23, 2014 at 1:54 pm
"Apple may have just become a regulated financial institution, unwittingly," writes Adam Levitin in a post on the implications of the "Apple Pay" feature that is built into the new iPhone 6.
September 22, 2014 at 10:11 pm
September 22, 2014 at 2:13 pm
The Rockefeller family is attracting adulatory press coverage for its decision to divest their $860 million charity, the Rockefeller Brothers Fund, of its investment in fossil fuels.
There are at least two significant catches, however. As the statement from the Rockefeller Brothers Fund puts it:
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