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Business & Economics PRESS ROOM |
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California’s outdated method of budgeting needs a retooling
Submitted by Lawrence J. McQuillan, Ph.D, Matthew C. Piccolo on 10.29.2007
According to Gov. Arnold Schwarzenegger, California’s new $146 billion state budget will have no operating deficit. But there are serious questions about the reliability of the numbers because California, unlike other states, does not require dynamic revenue analysis, contrary to the wishes of many state Democrats.
Organized Crime in Vegas, Caused by Lead?
Submitted by Carter Wood on 10.21.2007
Writing in the Las Vegas Business Press, Lawrence McQuillan, co-author of U.S. Tort Liability Index, draws a connection between Las Vegas' culture of corruption and the city and state's litigation-encouraging legal climate:
Mob may be a memory, but culture of corruption lives on
Submitted by Lawrence J. McQuillan, Ph.D on 10.19.2007
Mayor Oscar Goodman’s “Mob Museum,” a $30 million tribute to the mafia’s role in shaping Las Vegas, will certainly be a must see for the city’s tourists. But the mob culture is hardly a thing of the past. The corruption, kickbacks and pay-to-play justice normally associated with organized crime still flourish in Sin City today.
Continuing property wrongs since Prop 90's defeat
Submitted by Steven Greenhut on 10.12.2007
Usually, when Americans are fleeced by their government, the fleecing comes in the form of wasteful spending programs. But the U.S. Supreme Court’s June 2005 Kelo decision, upholding the “right” of local governments to take property from their current owners and give it to developers in the name of economic development, was perhaps the most massive fleecing Americans have witnessed in a generation.
Union Staffing Demands Dim Market for Solar Panels
Submitted by Kevin Dayton on 10.8.2007
New technology and generous government incentives have given Californians unprecedented opportunity to tap solar power for electricity. Unfortunately, one special interest group, the International Brotherhood of Electrical Workers, seeks to block solar policies and projects.
Dr. Scott E. Maizel: Maryland health care in jeopardy
Submitted by Scott E. Maizel on 10.5.2007
Skyrocketing malpractice insurance premiums have plagued doctors in Maryland for years.
Hard times descend on super-lawyer land
Submitted by Mark Tapscott on 10.5.2007
William Lerach was riding high more than a decade ago when Rep. Christopher Cox accused him of practicing “legalized piracy on the high seas of the new economy.”
Fed Rate Cut Skepticism Spreads From Bank Presidents (Update1)
Submitted by Scott Lanman, Steve Matthews on 10.4.2007
Federal Reserve district bank presidents are expressing skepticism about the need for further interest-rate cuts, and some investors agree.
Faces You Never See -- The Hidden Costs of Litigation
Submitted by John G. Browning on 10.3.2007
We are all familiar with some of the obvious costs of living in a litigious society. We pay higher insurance premiums and higher prices for certain products and services because of the legal costs that a company has had to incur, or believes it might incur, to bring those goods and services to the market.
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