No. 870: Defusing the Fuming Over Gas Prices
Politicians' posturing and pontificating over gasoline prices are based on ignorance of economics.
While politicians tell us they have to run with the herd on economic incentives, they're actually bullish on the giveaways.
Reading the tea leaves from off-year elections is tough, this year particularly. Conservatives took it on the chin in races of national significance, but their causes fared better in Charlotte, Fayetteville, and Orange County.
LOS ANGELES, CA — In many parts of the country hoards of education funding never makes it to the classroom. A new report co-authored by Reason Foundation finds that saving just a quarter of funds spent on non- instructional operations could save $9 billion.
A federal Department of Education examination of admissions policies at N.C. State University does not reflect an attempt by a Washington-area think tank to reduce the ranks of minority students on campus.
Speculation about the political future of House Speaker Jim Black is unremarkable in Raleigh political circles — but surprising when it is shouted over the sounds of a marching band at a Veteran’s Day parade.
The political buzz this week may have been all about the Black-Norris-Geddings affair, but there’s been another development in the ferryboat-to-nowhere story in the senate leader’s corner of the state.
WASHINGTON, DC — Proponents of school choice have, over the years, made any number of moral, political, and philosophical arguments to support choice. Is there a fiscal argument to be made? In theory, yes, says David Salisbury in a recent Cato report.
RALEIGH — You know the mainstream media’s hatred of George W. Bush is beyond the pale when national reporters, who are essentially egos with ears, thumb their noses at the Pulitzer Prize that has been waiting to be plucked from l’affaire Wilson-Plame.
Some policy issues are truly debatable, but others serve primarily to distinguish between fundamentally different assumptions or principles. A dispute about a new Raleigh skyscraper falls in the latter category.
Last week, Christmas came early to North Carolina teachers. Governor Easley, a proxy for Santa Claus if there ever was one, increased the salary of every teacher in the state by an extra $750 on an annualized basis.
When outgoing Chair Alan Greenspan's last term ends, after 18-plus years, the Fed will not only experience new leadership, but a shift in emphasis. Will the change make much difference? Incoming Fed Chair Ben Bernanke favors a policy of maintaining low inflation rates. Seems subtle, but it's a real difference.