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Business & Economics PRESS ROOM |
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How ‘Green’ Are You?
Submitted by K. Lloyd Billingsley on 2.19.2009
President Obama, who wants to emphasize science, has chosen Carol Browner for his “Assistant to the President for Energy and Climate Change,” a new post being dubbed the “Climate Czar.” Browner’s recent career will be of interest to Americans struggling with a weak economy and cold weather.
Card check - U.S. moving in wrong direction
Submitted by Jason Clemens on 2.17.2009
The Employee Free Choice Act (EFCA), a likely hot button for the Obama administration, would fundamentally alter the balance of power in the U.S. labor market and impose enormous costs on workers. Ironically, as America moves to fundamentally change the way unions are certified, other countries, like Canada, are moving away from these very same laws because they just don't work.
True cost of stimulus? Higher taxes
Submitted by Jason Clemens, Adam Frey on 2.16.2009
President Barack Obama is scheduled to place his signature Tuesday on the $787 billion economic stimulus bill. Unfortunately, the cost of debt and future taxes required to finance the stimulus largesse have largely been ignored to date.
Don't hold drugmakers liable for competitors' generics
Submitted by Lawrence J. McQuillan, Ph.D, K. Lloyd Billingsley on 2.15.2009
The California Supreme Court's recent decision not to review Conte vs. Wyeth leaves name-brand drug manufacturers liable for harm caused by another manufacturer's generic version of its drug. This unprecedented and unfair extension of product liability spells bad news for innovators and consumers alike.
Bank Bailout Blues
Submitted on 2.9.2009
Undeterred by the failure of the last injection of taxpayer dollars into a bloated banking system, our financial crusaders in DC are scratching their heads over the best way to flush another few hundred billion away. The latest scheme involves the creation of a “bad bank” that would purchase the so-called “toxic” mortgage-related assets from the troubled institutions.
Lawmakers to consider ‘loser pays’ tort bill
Submitted by Dave Williams on 2.6.2009
Georgia soon could become only the second state to venture into a brand of tort reform known as “loser pays.”
Obama Stimulus Not Necessary, as This Is No Great Depression
Submitted by Clark S. Judge on 2.6.2009
Milton Friedman had a rule: Increases or decreases in the money supply take six to nine months to alter economic output and as much as two years to move prices. As the Senate takes up the president's stimulus package, the administration argues that, to avert another Great Depression, it is better to do too much than too little. But a Friedmanesque look at today and the 1930s tells a different story: The analogy with the Depression is wrong; the current downturn may be all but over; and doing too much, not too little, is the real danger.
Don't blame China for U.S. woes
Submitted by Alvaro Vargas Llosa on 2.4.2009
Several Chinese readers have contacted me to express astonishment at the chorus of voices blaming China for the U.S. recession. They wonder: Is this the preamble of a protectionist backlash?
Expand Economic Freedom in 2009
Submitted on 2.3.2009
The onset of 2009, with a new president taking office, is a good time to reconsider the benefits of economic freedom. Contrary to what partisans of big government claim, the empirical case for economic freedom has grown much stronger in the last 10 years, due to the development of objective measures.
"Do You Austrians Have a Better Idea?"
Submitted on 2.2.2009
A lot of people get annoyed with Austrian economists because they tend to be so dogmatic (we prefer the term consistent) and because they cloak their strictly economic claims with self-righteousness (we prefer the term morality). After a good Austrian bashing of the latest call to steal taxpayer money and waste it on something that will make a given problem worse, the stumped critics will often shout, "Oh yeah? Well do you guys have a better idea?"
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