Day: October 19, 2010

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Urban Legends

The human world is fast becoming an urban world – and according to many, the faster that happens and the bigger the cities get, the better off we all will be. The old suburban model is increasingly behind us, we’re told. The only problem is, these predictions may not be

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The Bill Gates Income Tax

Bill Gates Sr. has personally contributed $500,000 to promote a state-wide proposition on Washington’s November ballot that would impose a brand new 5 per cent tax on individuals earning over $200,000 per year and couples earning over $400,000 per year. An additional 4 per cent surcharge would be levied on

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Green Jobs Promises Dwindle As Policies Backfire

Once touted by the Obama administration as the wave of the future, green stimulus programs are rapidly falling out of favour with the administration as jobs fail to materialise, says the Heartland Institute.

About $92 billion in taxpayer funds – more than 11 per cent – of President Obama’s original

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Economists Ignore the Facts in Supporting Chinese Currency Legislation

The recently passed Currency Reform for Fair Trade Act of 2010 rests upon the faulty premise that Yuan appreciation will significantly reduce the bilateral trade deficit, says Daniel Ikenson, associate director of the Center for Trade Policy Studies at the Cato Institute.

The premise seems plausible enough. At least, the economics

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No Chickening Out on Trade Retaliation

With the House of Representatives primed to take up a bill allowing the United States to levy tariffs on Chinese imports to protest China’s currency intervention, China announced it was slapping a huge tariff on imports of U.S. poultry, says Fran Smith, an adjunct fellow with the Competitive Enterprise Institute.

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