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Business & Economics PRESS ROOM |
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Lawsuits hurt taxpayers
Submitted by Mark Kriss on 11.29.2009
We've all read and laughed at the stories of ludicrous lawsuits and the runaway juries who decide on multi-million judgments. Unfortunately, fellow New Yorkers, the joke is on us.
Frosting on an already-sweet pension deal
Submitted by Steven Greenhut on 11.27.2009
When people have an entitlement mentality, enough is never enough. Even though government employees enjoy absurdly generous defined-benefit pensions that often allow them to retire with 80 percent to 90 percent of their final year's pay guaranteed forever, employees game the system by taking advantage of various pension-spiking schemes.
New Yorkers pay a high price for liability litigation
Submitted on 11.27.2009
High taxes help make New York an expensive place to do business. A new report argues convincingly that costly malpractice litigation and insurance also kill jobs and drive away business.
People vote for freedom with their feet and effort
Submitted by Linn and Ari Armstrong on 11.23.2009
“Why are they all running to Colorado? What have they got down there that we haven't got?” So asks a villain in Ayn Rand's, “Atlas Shrugged.” He complains about Colorado's primitive, lazy government that “does nothing outside of keeping law courts and a police department.”
Derailing public pension gravy train
Submitted by Steven Greenhut on 11.22.2009
Defenders of government employees' current retirement system depict critics as haters of government workers who want public "servants" to spend their retirement years eating cat food and living in dire poverty. That's the response I always get when I point to the absurdity of the current pension system, whereby public employees who qualify can retire as early as age 50 with 90 percent of their final year's pay guaranteed for them and their spouse until they die.
Buying TVs and cars, Soviet-style
Submitted on 11.18.2009
Two new regulations suggest that California leads the nation in mandates that inconvenience its residents while gaining little for the environment.
NY suer system stinks
Submitted by Carl Campanile on 11.18.2009
New York's court system is among the most lawsuit-friendly in the country -- socking citizens with millions of dollars in wacky jury awards, higher taxes and increased costs of insurance and health care, a study released yesterday found.
To Revive New York's Economy, Attack Lawsuit Abuse
Submitted by Lawrence J. McQuillan, Ph.D, Mark Kriss on 11.18.2009
New York's unemployment rate is hovering near 9% - the highest in more than a decade. Meanwhile, almost 12% of Empire State homeowners are late on their mortgages or in foreclosure. From 1997 through 2007, the number of jobs in New York increased only 8%, ranking the state 36th.
New Independent Study Finds That New York's Legal System is Among the Worst in the Nation
Submitted on 11.17.2009 10:30:00 AM
A new study of New York’s legal system conducted by Pacific Research Institute (PRI), a nationally known research firm, has concluded that New York’s legal system is the third worst in the country and is costing taxpayers millions of dollars through higher taxes and increased costs for goods, insurance and health care.
Study: NY Legal System 3rd Worst In U.S.
Submitted on 11.17.2009
ALBANY—A new study of New York’s legal system conducted by Pacific Research Institute (PRI), a nationally known research firm, has concluded that New York’s legal system is the third worst in the country and is costing taxpayers millions of dollars through higher taxes and increased costs for goods, insurance and health care.
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