May 6, 2015 at 2:10 pm
As if the taxpayer-funded University of Pennsylvania professor calling for tax rates higher than 90% on the top 1% of earners weren't enough, now Harvard University Press, building on its "success" with Thomas Piketty's Capital in the Twenty-First Century, "the fastest-selling book in the press's nearly 102-year history" is out with a new book calling for a 65% top marginal tax rate at the national level. The New York Times is doing its best to hype the book, having published not one but two columns in the past week touting the book and the 65% rate proposal.
May 6, 2015 at 1:46 pm
Michigan voters Tuesday, by a resounding margin, rejected a sales and gas tax increase backed by a Republican governor, Rick Snyder, who said it would fund road and bridge improvements. Americans for Tax Reform has the details.
On the other hand, in Brookline, Mass., the tax rebellion I wrote about in my column failed to win enough votes; a property tax increase aimed at funding schools passed by a 61% to 39% margin. That's substantial, but it also probably means that some significant portion of voters who backed President Obama and Elizabeth Warren (who ran at 79% and 74% in Brookline) opposed the tax increase. More details here.
May 5, 2015 at 1:16 pm
The Department of Justice is conducting a criminal investigation into leaks of information from a September 2012 meeting of the Federal Reserve's Federal Open Market Committee, the group that guides America's monetary policy, according to a report in the New York Times.
In a May 4, 2015 letter to Jeb Hensarling, the chairman of the House financial services committee, and to Sean Duffy, the chairman of its subcommittee on oversight and investigations, the chair of the Federal Reserve, Janet Yellen, advised that she and her colleagues "take seriously our commitment to maintain the confidentiality of our deliberations and planning. We recognize, in particular, the importance of safeguarding confidential information that could advantage individuals who obtain access to it."
May 5, 2015 at 12:17 pm
Between 2011 and 2014, 96% of the political contributions made by Harvard's faculty of arts and sciences went to Democrats, according to a Crimson report picked up by KC Johnson at the Manhattan Institute's Minding the Campus blog. At Harvard's graduate school of education, 100% of the faculty who made political contributions gave to Democrats.
May 5, 2015 at 11:59 am
Capital New York reports:
May 4, 2015 at 8:57 pm
Warren Buffett's annual meeting comments criticizing Whole Foods and businesses that employ economists are the topic of my column this week. Please check the column out at the New York Sun (here), Reason (here), and Newsmax (here).
May 4, 2015 at 3:42 pm
Atul Gawande has an article in the New Yorker reporting on the lesson from Walmart's experiment with channeling spine, heart, or transplant procedures for employees to six "centers of excellence" — the Cleveland Clinic; the Mayo Clinic; Virginia Mason Medical Center, in Washington; Scott and White Memorial Hospital, in Texas; Geisinger Medical Center, in Pennsylvania; and Mercy Hospital Springfield, in Missouri:
May 4, 2015 at 10:09 am
Summing up the story of the Wright Brothers as told by David McCullough in his new book The Wright Brothers, New York Times reviewer Janet Maslin writes: "Relying on their imaginations, inexpensive materials, bicycle-related ideas about steering and modest sums they earned at the shop, they would ultimately embarrass the Smithsonian and its grandiose, government-funded flying experiments that were conducted on (and generally flopped right back into) the Potomac."
What a fascinating angle on the story of the invention of the airplane — that it shows a triumph of private ingenuity over big government.
May 4, 2015 at 9:59 am
Graham Holdings chairman and CEO Donald Graham, in an op-ed, does a really nice job of pushing back against a Miami Herald series attacking for-profit education. From the op-ed:
May 1, 2015 at 2:42 pm
Toward the bottom of a fine James Stewart column in the New York Times about Maurice "Hank" Greenberg's 90th birthday and his legal battles comes this:
Now that's interesting. The natural follow-up to Spitzer would be, who were those "established members of the business establishment"? Were they rival insurance companies or AIG's business competitors? Were they money managers who were shorting AIG stock? Mr. Spitzer makes the claim to defend himself from the charge of retaliation, but it's not entirely clear that the scenario he describes is much better than a retaliation scenario.
May 1, 2015 at 2:19 pm
A New York Times dispatch from Malta reports on the high demand for citizenship there:
April 29, 2015 at 4:43 pm
A Twitter campaign urged "direct action" against a company, Protein World, whose advertisements were deemed offensive, Breitbart reports. As in Baltimore, the protesters don't help their cause with their own tactics.
April 29, 2015 at 4:25 pm
Wall Street Journal editorial board member Mary Kissel interviews the editor of the New York Sun, Seth Lipsky, about his new book of monetary policy editorials, The Floating Kilogram, in the video embedded below
April 29, 2015 at 3:50 pm
Life advice from Sam Altman, who just turned 30.
April 29, 2015 at 3:38 pm
After President Obama failed to show up at the Paris "Je Suis Charlie" solidarity march, I suggested that a Republican presidential candidate might take advantage of the opportunity and get on a plane to France. It might risk appearing like ambulance chasing, but it would have made an important point.
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