Economy

 

North Carolina’s Lost Decade

The first decade of the 21st Century for North Carolina was a difficult one. In terms of the state’s economic condition, many may label it a lost decade. Lost jobs, lost fiscal restraint by state government, lost opportunities for spending reform, and more lost ground in terms of worker pay.…

 

Perdue Bringing “Solyndra” Politics to North Carolina

Documents obtained by the Civitas Institute suggest Gov. Bev Perdue is attempting to strong-arm North Carolina’s three major utility companies into supplying more expensive energy to their customers in the northeastern part of the state. In a political power-play to reward big business reminiscent of the handling of the Solyndra…

 

While the Economy Busts, Lottery Sales Boom

Much like the economy, it’s more bust than boom for those playing the North Carolina Education Lottery (NCEL). Unlike the economy, however, bust is the normal state of affairs for lottery players—with slim statistical margins rarely yielding a winning ticket. However, that hasn’t deterred a strong uptick in lottery sales…

 

State Motor Fuels Tax is Set to Rise by Nearly Four Cents in January

The North Carolina Motor Fuels Tax (the state gas tax) is expected to go from 35 cents per gallon to 38.9 cents per gallon at the beginning of 2012 if no action is taken by the General Assembly, according to staff at the legislature and the Department of Transportation. The…

 

Public Records Continue to Undermine Exaggerations of Layoffs

Some Democrats and social justice advocates in North Carolina continue to throw around huge numbers of people who have been laid off due to cuts in the state budget. Representative Bill Faison (D-Orange) claimed in a press release  over 6,000 state jobs were lost because of the cuts and more…

 

Occupy Wall Street, the New Democratic Base?

As the Occupy Wall Street (OWS) protests continue, it is being increasingly portrayed as a serious movement by several media outlets and politicians alike. Democratic politicians, at first skeptical of the movement, have lined up to attend and speak at rallies. They have been met, however, with mixed reception, as…

 

Debt Downgrade – Is North Carolina Next?

The recent Standard & Poor’s downgrade of federal debt instruments sent waves of fear across indebted government agencies across the nation. Just days after the federal downgrade, S&P issued downgrades for thousands of municipal and other local bonds, including a series of bonds held by the Board of Governors of…

 

Trucking the Policy Trend

Raleigh city officials are patiently considering revised regulations that would allow increased downtown access to food trucks, or freestanding mobile food vendors. City officials will meet again August 30th in pursuit of a full council decision by early September. Someone should save them the time. It’s not surprising that something…

 

Gas Relief a Legitimate Possibility

OPEC (Organization of the Petroleum Exporting Countries) talks disintegrated last Wednesday, causing the price of oil to yet again rise over $100 a barrel, giving little hope of relief at the pump in the near future. While the price of oil rising is hardly recent news, the breakdown in efforts…

 

Fees for Free Enterprise

Government can do something for the people only in proportion as it can do something to the people. -Thomas Jefferson At this point budget cuts come as no surprise to government-funded programs, and as such they are already looking for ways to circumvent their budget shortfalls.  A time-honored and quickly…

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