This week in the UK saw the publication of a much-awaited report on social mobility. Member of Parliament Alan Milburn chaired the “Panel on Fair Access to the Professions,” which studied which segments of the British population are advancing upward into the professional class. The report has generated coverage and discussion in nearly every media outlet. So what did the report conclude? read more »
While much of the media coverage on the ongoing healthcare reform debate has focused on partisan division, a less mentioned point of conflict exists between rural and urban healthcare interests. read more »
A recent USA Today analysis of government disclosure and accounting records has revealed that counties that supported Obama last year have reaped more of the benefits of the stimulus package than those counties that supported Senator John McCain. read more »
“I guess the bailouts are working…for Goldman Sachs!” The Daily Show With Jon Stewart
Goldman Sachs reported $3.4 billion second quarter earnings. Mises Economics Blogger Peter Klein says these earnings are the result of political capitalism – earned in the “nebulous world of public-private interactions.” Klein points to an interesting perspective offered by The Streetwise Professor (Craig Pirrong at University of Houston): Moral Hazard. read more »
Texas Governor Rick Perry has vetoed a bill that would have created a state level “smart growth” program. The veto message is below.
June 19, 2009
Pursuant to Article IV, Section 14, of the Texas Constitution, I, Rick Perry, Governor of Texas, do hereby disapprove of and veto Senate Bill No. 2169 of the 81st Texas Legislature, Regular Session, due to the following objections: read more »
In the first Democratic primary for Virginia governor in ages, the boy from Bath County embarrassed the two guys from NoVA. Creigh Deeds won a strong 50% over Terry McAuliffe’s 26% and Brian Moran’s 24%. What’s striking is that read more »
In the weeks leading up to the tepid re-election of Los Angeles Mayor Antonio Villaraigosa last month, Bill Bratton, the statistics-driven chief of the Los Angeles Police Department, appeared on TV in a political advertisement paid for by the Villaraigosa campaign. He cited a seemingly amazing figure about this city’s livability.
“Crime is down to levels of the 1950s,” said a confident-looking Bratton, who wore a black jacket and dark tie as he sat in an office conference room with downtown views. read more »
The Illinois state budget is on life support, with a $4 billion shortfall projected for this year and even more in 2010. So what’s a state to do?
In a move that has some scratching their heads, Governor Pat Quinn has proposed an increase on the tax rate for both personal and corporate income tax. read more »
The Housing & Economic Recovery Act of 2008 was passed last August. It created the HOPE for Homeowners Program, which the Congressional Budget Office estimated would help 400,000 homeowners to refinance their loans and stay in their homes. Here's a stunning revelation: According to the Federal Housing Authority (FHA), in the first six months since the law was passed, exactly one (1) homeowner refinanced under the program! read more »
Is this a story from the Onion? No. Too Implausible. The Chicago Tribune reports:
Coming from as far away as Azerbaijan, dozens of corporate executives and government bureaucrats gathered at a downtown hotel Wednesday to hear Mayor Richard Daley share his tips for preventing corruption. read more »