Winnipeg can create strong incentives for its departments to use property assets better by requiring them to pay a capital charge on their market value.
Advocates for centralized financial regulation have met their match in Canada. She is proof that competition between intranational jurisdictions can foster diverse, prosperous capital markets. In our research paper, “The Federal Takeover of Canada’s Capital Markets,” we argue the decades-long …
Cheap U.S. natural gas has some envisioning the Mississippi River between New Orleans and Baton Rouge as an “American Ruhr.” Much of this growth, notes Eric Smith, associate director of the Tulane Energy Institute, will be financed by German and other European firms that are reeling from electricity costs now three times higher than in places like Louisiana.
Former Los Angeles Lakers Coach Phil Jackson once referred to Sacramento as a “cowtown,” but Gloria Romero, a pro-labor Democrat who served as California’s Senate majority leader from 2001 to 2008, takes exception to the belittling description. The capitol building in Sacramento, she says, has “the eighth most powerful economy in the world under that dome,” and it operates not unlike other wealthy kleptocracies. “There’s no other way to say it politely. It’s owned.”
It’s a tragedy that Milton Friedman—born 100 years ago on July 31—did not live long enough to combat the big-government ideas that have formed the core of Obamanomics. It’s perhaps more tragic that our current president, who attended the University of Chicago where Friedman taught for decades, never fell under the influence of the world’s greatest champion of the free market. Imagine how much better things would have turned out, for Mr. Obama and the country.
Profit is not the enemy in healthcare. Its banishment from government books does not improve societal welfare once the loss of potential profit by private citizens is accounted for.
When taxi shield holders ask for taxi fares to be raised, decision makers should consider the immense values already capitalised into market value of the licences, now approaching $400,000 in Winnipeg.
The Economist Magazine explores the role of think tanks in the George Bush Administration
The public sector should be accountable for the cost of its capital.