“A company that spurned talent it badly needed couldn’t thrive. The same is true for a country.
But that isn’t stopping the Trump administration from blithely driving foreign students into the open arms of other countries with its ill-advised immigration policies.”
“at the tail end of 2019, Congress repealed three significant components of Obamacare.
The three repealed provisions were all taxes, each of which was included in the initial legislation as a way of raising revenue to pay for the hundreds of billions in spending the law called for. By far the biggest of the three was the so-called Cadillac tax, which was expected to raise about $197 billion over the next decade. Congress also nixed the law’s health insurance tax, projected to raise $150 billion over 10 years, and the medical device tax, projected to raise $25.5 billion. All three taxes were eliminated as part of a $1.4 trillion year-end budget bill that President Trump signed at the last possible minute in order to keep the government open.”
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“The elimination of three health care taxes will increase the deficit by $373 billion.”
“In 2017, ABC7 and the Chicago Sun-Times discovered that most of the drivers cited for running the light were actually making right turns, some even doing so after making a complete stop. In 2019, ABC 7 also found that the Chicago intersections that racked up the most fines had shorter timed lights, giving drivers less time to pass through legally. The investigation identified one intersection where the green and yellow lights were only up for a combined 20 seconds.”
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“The final straw, the press release indicated, was a federal investigation into red light contractor SafeSpeed.
Both the Sun-Times and the Chicago Tribune have reported on SafeSpeed’s chumminess with local officials, including connections to a county commissioner’s chief of staff as well as a former police chief; the latter was fired from his job in the police department after his relationship with the company came to light. These local officials worked as consultants to negotiate SafeSpeed’s presence in various communities. At least one of the officials went on record saying that he received a kickback for every fine paid in certain communities.”
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“In addition to concerns about corruption, studies all across the country have found that their local red light cameras have made little positive impact on safe driving practices. In 2014, Reason reported that Chicago’s red light cameras may have traded in one traffic accident for another: While the rate of right-angle crashes causing injury at intersections decreased by 15 percent (much lower than the city’s touted 47 percent), rear-end collisions causing injury rose by 22 percent. Additionally, 40 percent of the cameras were placed in intersections with low rates of injury-causing collisions.”
“According to the New York Police Department, reports of hate crimes against Jews in that city rose 26 percent last year, from 186 in 2018 to 234 in 2019, after rising nearly as much (23 percent) in the previous year. According to Brian Levin, director of the Center for the Study of Hate and Extremism at California State University, San Bernardino, the 2019 total was the highest seen in New York City since the FBI began reporting hate crime data in 1992.
Nationwide, however, the FBI’s tally indicates that the number of anti-Jewish criminal incidents (each of which may include more than one offense) fell from 938 in 2017 to 835 in 2018—an 11 percent drop. The total in 2018, the most recent year for which national data are available, was lower than the totals in 21 out of the previous 26 years.”
“the lawsuits raise free speech concerns. As Reason’s Jacob Sullum has observed, there’s a difference between unfair press coverage and libel. The media undoubtedly treated the Covington kids unfairly, but the main culprit here was not CNN or The Washington Post, but Phillips. He was the one who provided bad information to the press. If journalists have to fear massive libel lawsuits for reporting bad information supplied to them by sources they had no reason to distrust, it might make them wary of covering important stories. If successful, Sandmann’s suits could have a chilling effect on necessary and consequential journalism.
In any case, the Covington incident was a debacle for the media, and showed that the tendency of social media to inspire quick reactions is the Achilles’ heel of journalism in the digital age.”
https://www.vox.com/2020/1/14/21066219/impeachment-lev-parnas-evidence-ambassador
“In a recent paper on the issue, my Mercatus Center colleagues Matthew Mitchell and Michael Farren did the math and found that “the $3.6 billion in taxes needed to fund the subsidies will likely decrease Wisconsin’s long-run GDP by about $20 billion over the 15-year life of the handout. And this estimate doesn’t include the local utility infrastructure, and federal subsidies that total another $1.4 billion.” These numbers are harder to sell to taxpayers than the la-la land ones we hear about before every big subsidy deal.”
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“A new paper in the Journal of Economic Perspectives by Cailin Slattery of Columbia University and Owen Zidar of Princeton University looks at state and local business tax incentives and finds yet again that narrow, firm-specific tax breaks aimed at attracting businesses and boosting employment aren’t the way to go. The study shows that larger, more profitable companies are more likely to get bigger handouts. The largest deals benefit the recipients, according to their research, but not the overall state economy.”
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“This study is only one of many on the topic. They all find that these narrowly targeted subsidies don’t work as advertised and are typically counterproductive. Unfortunately, a slogan like “subsidized projects aren’t worth the money you pay for them” doesn’t make for a great sound bite at ribbon-cutting ceremonies.”
“Allegheny Technologies, which employs about 100 people, is the type of company that is especially vulnerable to Trump’s tariffs. It imports stainless steel slab from Indonesia and turns it into sheet metal, which it then sells to other manufacturers who incorporate it into car parts, kitchen appliances, and more.
Being in the middle of the supply chain is rough when you’re also in the middle of a trade war. Companies like Allegheny Technologies have to pay for Trump’s 25 percent tariffs on imported steel, and then have little choice but to pass on that cost increase to their customers. But, as Wetherbee laments, that makes it difficult for a company like his to compete against foreign manufacturers who can make and sell sheet metal without having to account for an extra 25 percent import tax.
Buying American doesn’t work, either, since U.S. steel is more expensive. One domestic supplier, Wetherbee writes, “quoted us a price for 60-inch slabs that was so high, the raw materials would have cost us more than we charge for the finished product.””
“Matthew Luckhurst of the San Antonio Police Department (SAPD) tried to feed a homeless man a sandwich made of dog feces. While Luckhurst was initially fired for such crappy behavior, Reason reported in March 2019 that his employment was fully restored.
Luckhurst was able to rejoin the force following an arbitration hearing required by the collective bargaining agreement the San Antonio Police Officers Association has with the city. Since the department could not prove the exact date of the crap sandwich incident, the department had no choice but to accept that it missed the 180-day window in which it could discipline Luckhurst, and the arbitration panel ruled in Luckhurst’s favor.
The San Antonio Current reported this week that Luckhurst’s story is not an exception to the rule. Twenty-seven of the 40 SAPD police officers fired between 2010 and 2019 have managed to get their jobs back through arbitration. Only 13 firings were upheld in that entire time.”