New from the Free Market Project
Media Mantra: Unhappy Holidays
Commentary: Fear and Loathing in Business News
CBS Conjures Recession Specter in New Year’s Newscast
The Good, the Bad & the Ugly
Also from FMP:
Research, News & Commentary
Research: Middle-class retirees would benefit from tax cuts on dividends and capital gains, a recent report argues. “As stock ownership becomes the norm rather than the exception in the U.S. today, capital gains and dividend income will become an increasingly larger share of the retirement income for seniors,” writes Tax Foundation president Scott Hodge.
Commentary: Michael Barone of U.S. News and World Report argues that Wal-Mart succeeds where General Motors has failed: it continually adapts to the shifting demands of the marketplace and in doing so benefits its customers and employees alike.
News: Mike Ford of School Choice Wisconsin reports on unsuccessful efforts by school voucher advocates to lift a state-imposed quota on the number of children who can enroll in the Milwaukee Parental Choice Program. Ford notes that Gov. Jim Doyle (D) has vetoed three bills in two years to lift the enrollment cap — which was surpassed in September 2005 — of 15 percent of Milwaukee students.
Commentary: Arguing we should “sell while the selling is good,” Cato senior fellows Jerry Taylor and Peter Van Doren write that the federal government should close the Strategic Petroleum Reserve. Taylor and Van Doren call the Reserve a federal insurance policy against a fuel crisis where the “cost of the policy has been more expensive than the dangers the stockpile is meant to prevent.”
Commentary: Contrary to the popular media spin that corporate “Big Oil” runs the world oil market, Wall Street Journal columnist Holman Jenkins argues that nationalized oil industries abroad and heavy regulation of private oil ownership at home threaten steady economic growth. Jenkins writes that “The world can expect to pay a price in instability for decades to come thanks to this phenomenon.”
Commentary: Heritage’s Ronald Utt writes that budgetary pork for the Alaskan “Bridge to Nowhere” is still going to, well, nowhere but more wasteful spending.
News: Tarren Bragdon of the Maine Heritage Policy Center reports in the Heartland Institute’s January 2006 newsletter how the Pine Tree State’s public health initiative, DirigoChoice, is “hemorrhaging money and faltering” while taxing Mainers an additional fee for every health insurance claim they file.
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