RALEIGH — Some businesses would rather avoid competition and prefer instead to rely on government help in the form of special incentives, regulations, or other anti-competitive policies. Fred Smith has spent his career fighting that approach to business. Smith is founder and chairman of the Competitive Enterprise Institute and directs CEI’s Center for Advancing Capitalism. He discussed his work with Mitch Kokai for Carolina Journal Radio.
RALEIGH — For the second time in recent weeks, a federal judge has issued a ruling favorable to plaintiffs seeking to block the IRS from collecting tax penalties from employers in states such as North Carolina that do not have a state health insurance exchange under Obamacare. If any of several lawsuits arguing against the IRS rule prevails, it would cripple implementation of the national health reform.
RALEIGH — One of the state’s largest business organizations is keeping a close eye on two federal lawsuits challenging the authority of the IRS to collect Obamacare taxes in states, including North Carolina, that did not set up state-run health insurance exchanges. Even so, GOP elected officials will not say whether the state should join the litigation.
RALEIGH — North Carolina’s woefully underfunded Beach Plan may get some relief if the state Senate doesn’t stray far from the course laid out in House Bill 1305, which passed the House by an overwhelming margin in July.
Legislation moving through the General Assembly would improve North Carolina's coastal property insurance situation, but it would also leave long-term problems unresolved.
Although thoughts of hurricane season conjure up images of devastated trailer parks, fearsome storm surges, and ruined roads, North Carolina has more to worry about than just the storm damage. Even one major storm could send the state's finances into a tailspin.
It's only fair that people who live in hurricane-prone areas should pay more for property insurance.
RALEIGH — A former official in the N.C. Division of Air Quality charged about $2,000 to his state reimbursement account while traveling for The Climate Registry, an out-of-state nonprofit that seeks to fight global warming. Brock Nicholson, who was deputy director of DAQ until he retired in December, also worked on state time to convince entities to join the registry and pay membership fees.
RALEIGH — North Carolina could face a "property insurance disaster" unless it takes steps soon to shore up its coastal Beach Plan, according to a new John Locke Foundation Policy Report. A committee studying the Beach Plan meets at 2 p.m. today.
RALEIGH — N.C. air quality officials bankrolled a new national nonprofit that seeks to persuade companies, organizations, and state and local governments to report their greenhouse gas emissions in hopes of curbing climate change.
RALEIGH — N.C. Insurance Commissioner Jim Long ordered Thursday a 16.1 percent decrease in North Carolina’s maximum auto insurance rates. A news release from Long’s office estimated “potential savings of more than $1 billion.” The true picture is more complicated, according to Eli Lehrer, senior fellow at the Competitive Enterprise Institute. In July, Lehrer’s John Locke Foundation Policy Report labeled North Carolina’s auto insurance system the worst in the country.
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