Your Economy | Eastern North Carolina Now

Your Economy  

We make no presumption that we have a consistent understanding of the national economy, and more especially, its macro component. We do, however, have a natural affinity for our local economy.

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In just over three years, our Symbiotic Publisher prototype, Beaufort County NOW, has become one of the top three news and information websites originating from Beaufort County.
In just over three years, our Symbiotic Publisher prototype, Beaufort County NOW, has become one of the top three news and information websites originating from Beaufort County.
 
Public transit systems in North Carolina have become less about helping citizens move around their communities in the way they desire and more about planners gaining enough political power to impose their transportation preferences and land use fads on those citizens.
Public transit systems in North Carolina have become less about helping citizens move around their communities in the way they desire and more about planners gaining enough political power to impose their transportation preferences and land use fads on those citizens.
 
The new French president's plan for a top income tax rate of 75 percent has raised many eyebrows on this side of the Atlantic.
The new French president's plan for a top income tax rate of 75 percent has raised many eyebrows on this side of the Atlantic.
 
Electric vehicle stations are springing up in North Carolina, partly a result of federal stimulus money going to the stations.
Electric vehicle stations are springing up in North Carolina, partly a result of federal stimulus money going to the stations.
 
North Carolina residents pay nearly 10 percent of their income in taxes, placing the state squarely among the 20th-most taxed in the nation, said the nonprofit Tax Foundation in its most recent Annual State-Local Tax Burden Ranking (PDF download here).
North Carolina residents pay nearly 10 percent of their income in taxes, placing the state squarely among the 20th-most taxed in the nation, said the nonprofit Tax Foundation in its most recent Annual State-Local Tax Burden Ranking (PDF download here).
 
The need to reform North Carolina's tax structure is urgent. Our state's economy continues to struggle, suffering from a 9.7 unemployment rate - fifth highest in the nation
The need to reform North Carolina's tax structure is urgent. Our state's economy continues to struggle, suffering from a 9.7 unemployment rate - fifth highest in the nation
 
The Laffer Center for Supply-Side Economics at the Texas Public Policy Foundation has joined the Civitas Institute to publish a recent analysis of income taxes at the state level.
The Laffer Center for Supply-Side Economics at the Texas Public Policy Foundation has joined the Civitas Institute to publish a recent analysis of income taxes at the state level.
 
"The power to tax is the power to destroy." That is an oft-repeated paraphrase of a quote from former U.S. Chief Justice John Marshall in an 1819 court decision. Indeed taxes do destroy: incentives, productivity, businesses, and opportunity.
"The power to tax is the power to destroy." That is an oft-repeated paraphrase of a quote from former U.S. Chief Justice John Marshall in an 1819 court decision. Indeed taxes do destroy: incentives, productivity, businesses, and opportunity.
 
Sometimes the truth hurts, and there's no way to hide it. The latest Economic Freedom of the World Report, which ranks 144 nations, constitutes such a moment for those of us who cherish freedom in the United States.
Sometimes the truth hurts, and there's no way to hide it. The latest Economic Freedom of the World Report, which ranks 144 nations, constitutes such a moment for those of us who cherish freedom in the United States.
 
Janet Cowell's primary responsibility as State Treasurer is to oversee the pension fund for retired North Carolina teachers and state employees. So why does her campaign receive so many contributions from far-away states like New York, Pennsylvania and California?
Janet Cowell's primary responsibility as State Treasurer is to oversee the pension fund for retired North Carolina teachers and state employees. So why does her campaign receive so many contributions from far-away states like New York, Pennsylvania and California?
 
A former South Carolina congressman told an environmental forum that many conservatives don't think they can compete when it comes to visions for improving the environment.
A former South Carolina congressman told an environmental forum that many conservatives don't think they can compete when it comes to visions for improving the environment.
 
For many of the unemployed, prosperous times are a cloudy memory. More than 46 million Americans now feed their families with the aid of government food stamps. Look around you right now.
For many of the unemployed, prosperous times are a cloudy memory. More than 46 million Americans now feed their families with the aid of government food stamps. Look around you right now.
 
Commissioners have just sold the QSII building. It is impossible to know if they should have waited or continued ownership. W
Commissioners have just sold the QSII building. It is impossible to know if they should have waited or continued ownership. W
 
Dr. Jay Bailey owns Professional Eye Associates in Raleigh, North Carolina. It is a family-owned and -operated business where Bailey has accrued 23 years of experience in both practicing optometry and running his own business.
Dr. Jay Bailey owns Professional Eye Associates in Raleigh, North Carolina. It is a family-owned and -operated business where Bailey has accrued 23 years of experience in both practicing optometry and running his own business.
 
We gave away over $1,250,000 in expenses, salaries and crony capitalist subsidies and guarantees between June 2011 and June 2012 while maintaining and funding an empty QSII, an undeveloped Folly on Frederick Rd, and an unoccupied Skills Center.
We gave away over $1,250,000 in expenses, salaries and crony capitalist subsidies and guarantees between June 2011 and June 2012 while maintaining and funding an empty QSII, an undeveloped Folly on Frederick Rd, and an unoccupied Skills Center.
 
A majority of North Carolinians support a cap on total state spending at inflation and population growth.
A majority of North Carolinians support a cap on total state spending at inflation and population growth.
 
I hope the teenagers who gathered at N.C. Central University were attentive, not just excited, when former Def Jam Records president Kevin Liles stepped to the stage to give the keynote address at the Summer Youth Business and Entrepreneurship Academy.
I hope the teenagers who gathered at N.C. Central University were attentive, not just excited, when former Def Jam Records president Kevin Liles stepped to the stage to give the keynote address at the Summer Youth Business and Entrepreneurship Academy.
 
North Carolina's film tax incentive program is in the news again. The Fayetteville Observer recently carried a puff piece about how "Stars have aligned for North Carolina's film industry."
North Carolina's film tax incentive program is in the news again. The Fayetteville Observer recently carried a puff piece about how "Stars have aligned for North Carolina's film industry."
 
Throughout the latest discourse on energy policy and government-related endeavors in natural resources, I have come to a conclusion on the matter: We aren't running out of resources as fast as some would have you believe.
Throughout the latest discourse on energy policy and government-related endeavors in natural resources, I have come to a conclusion on the matter: We aren't running out of resources as fast as some would have you believe.
 
The nation's unemployment rate rose slightly in July, to a seasonally adjusted 8.3 percent, even though the employment survey showed the largest seasonally adjusted job gain in five months.
The nation's unemployment rate rose slightly in July, to a seasonally adjusted 8.3 percent, even though the employment survey showed the largest seasonally adjusted job gain in five months.
 
The growth of teenage unemployment has ominous implications for the future -- but there is a solution, if we are willing to face economic reality.
The growth of teenage unemployment has ominous implications for the future -- but there is a solution, if we are willing to face economic reality.
 
School choice in North Carolina recently hit a major roadblock when Superior Court Judge Abraham Jones barred a virtual charter school from operating in the state.
School choice in North Carolina recently hit a major roadblock when Superior Court Judge Abraham Jones barred a virtual charter school from operating in the state.
 
I see that some politicians and government officials are continuing to cite magazine rankings that paint North Carolina's business climate in a favorable light. [Sigh]
I see that some politicians and government officials are continuing to cite magazine rankings that paint North Carolina's business climate in a favorable light. [Sigh]
 
Every policy and decision by government has economic costs, and more so when the policy interferes with or, worse, prevents some market choices. Such negative economic effects are what make even more pernicious the practice of cronyism.
Every policy and decision by government has economic costs, and more so when the policy interferes with or, worse, prevents some market choices. Such negative economic effects are what make even more pernicious the practice of cronyism.
 
Less than a month after North Carolina legislators approved more money for the state's film tax incentives program, a new John Locke Foundation Spotlight Report pans film incentives as a clear example of cronyism.
Less than a month after North Carolina legislators approved more money for the state's film tax incentives program, a new John Locke Foundation Spotlight Report pans film incentives as a clear example of cronyism.
 
efore states began film tax incentives programs, North Carolina was a popular off-Hollywood destination for film crews.
efore states began film tax incentives programs, North Carolina was a popular off-Hollywood destination for film crews.
 
The big debate about whether Obamacare imposes a "penalty" or a "tax" for not buying health insurance shouldn't blind us to a much more expensive problem: the half-a-trillion dollars Americans will be paying with 19 new or higher taxes in the health care takeover.
The big debate about whether Obamacare imposes a "penalty" or a "tax" for not buying health insurance shouldn't blind us to a much more expensive problem: the half-a-trillion dollars Americans will be paying with 19 new or higher taxes in the health care takeover.
 
If you check out Forbes Magazine's List of the Best Places for Business and Careers, you will find a slideshow of silver skyscrapers hailing the prosperity of Raleigh and other North Carolina metro areas - but failing to show economic reality elsewhere in the Tar Heel State.
If you check out Forbes Magazine's List of the Best Places for Business and Careers, you will find a slideshow of silver skyscrapers hailing the prosperity of Raleigh and other North Carolina metro areas - but failing to show economic reality elsewhere in the Tar Heel State.
 
Most of us know that a credit card can be a dangerous device. Over the years, Mom and Dad used their plastic conveniences to purchase whatever their eyes and hearts desired.
Most of us know that a credit card can be a dangerous device. Over the years, Mom and Dad used their plastic conveniences to purchase whatever their eyes and hearts desired.
 
An organization founded by ex-Sen. John Edwards was meant to fight poverty, but many clues suggest it instead focuses more on fighting partisan battles- and to avoid scrutiny by North Carolina taxpayers.
An organization founded by ex-Sen. John Edwards was meant to fight poverty, but many clues suggest it instead focuses more on fighting partisan battles- and to avoid scrutiny by North Carolina taxpayers.
 
I'm going to out on a limb here and predict that the legislature's new spending plan for 2012-13 will not result in the demise of public education, the collapse of North Carolina's economy, a plague of locusts, or the end of western civilization as we know it.
I'm going to out on a limb here and predict that the legislature's new spending plan for 2012-13 will not result in the demise of public education, the collapse of North Carolina's economy, a plague of locusts, or the end of western civilization as we know it.
 
The headline at ABC News.com reads "President Obama, Bill Clinton Stump on Growth vs. Austerity Agenda." While referring to the economic debate going on in Europe, Britain's New Statesman displays the headline "The Austerity vs. Growth Argument is Hotting [sic] Up."
The headline at ABC News.com reads "President Obama, Bill Clinton Stump on Growth vs. Austerity Agenda." While referring to the economic debate going on in Europe, Britain's New Statesman displays the headline "The Austerity vs. Growth Argument is Hotting [sic] Up."
 
The state's unemployment rate for May remained unchanged at 9.4 percent, marking the 41st consecutive month the unemployment rate has been 9.0 percent or higher.
The state's unemployment rate for May remained unchanged at 9.4 percent, marking the 41st consecutive month the unemployment rate has been 9.0 percent or higher.
 
For the better part of a century, U.S. politicians have made it one of their major goals to maximize the proportion of Americans who purchase rather than rent their primary dwellings.
For the better part of a century, U.S. politicians have made it one of their major goals to maximize the proportion of Americans who purchase rather than rent their primary dwellings.
 
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