02/25/2018

News

Editorial: Al Gore’s Climate Change Hypocrisy Is As Big As His Energy-Sucking Mansion

A new analysis by the National Center for Public Policy Research found that Gore’s Tennessee home “guzzles more electricity in one year than the average American family uses in 21 years.” In one month last year, the report found, Gore’s home consumed more electricity than the average family uses in 34 months. The electricity used just to heat Gore’s swimming pool would power six homes for a year. And this is after Gore spent tens of thousands of dollars installing “green” upgrades, which he was embarrassed into doing when his energy-hogging home first came to light a decade ago. In fact, according to the NCPPR report, Gore’s home used more electricity last year than it did in 2007, before he installed all those energy-reducing features.

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In California Pension Casino, Taxpayers Going Bust

It’s a myth that public employees trade lower pay for pensions. Exploding salaries are driving pension costs upward. My book, “An Inquiry into the Nature and Causes of the Wealth of States,” compared salaries for state jobs.  In 2014, Texas prison guards earned an average of $38,775; in California, $83,877. For police, Texas averaged $60,573; California $96,131. Texas judges averaged $158,500, while California judges averaged $212,040. California employees came off as a Gilded Age aristocracy compared with their public service peers.

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Editorial: Study: GDP Would Be 25% Bigger If Government Regulations Had Been Capped In 1980

Growth has been so anemic for so long, we’re now being told that this is the “new normal.” As the Bureau of Labor Statistics put it, “annual U.S. GDP growth exceeding 3% … is not expected to be attainable over the coming decade.” It lists everything as a cause, except for one thing: federal regulations.

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ObamaCare Will Cost $136 Bil More, Cover Fewer People Than We Thought, CBO Says

To little fanfare and virtually no media coverage, the Congressional Budget Office sharply downgraded its forecast for ObamaCare in its latest report, issued in late March. By just about every measure, things are looking worse than they did a year ago.

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Warning: Massachusetts Is Losing Jobs With $10 Minimum Wage

The Bay State, which hiked its minimum wage from $8 to $9 at the start of 2015 and to $10 on the first day of 2016, is now mired in its longest stretch of net job losses since the recession in both the retail and the leisure and hospitality sectors, Labor Department data show.

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Minimum Wages Surged In 6 Cities Last Year; Then This Happened

Wherever cities implemented big minimum-wage hikes to $10 an hour or more last year, the latest data through December show that job creation downshifted to the slowest pace in at least five years.

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Why Wal-Mart’s Shrinking Profit Should Scare Liberals

Wal-Mart’s second profit warning in two months should be a wake-up call for the political left. If America’s largest private employer is struggling with its own pay increases, how will other businesses cope with even larger minimum-wage hikes?

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Opinion: Man-Made Drought: A Guide to California’s Water Wars

Much of the media and many politicians blame the San Joaquin Valley’s water shortage on drought, but that is merely an aggravating factor. From my experience representing California’s agricultural heartland, I know that our water crisis is not an unfortunate natural occurrence; it is the intended result of a long-term campaign waged by radical environmentalists who resorted to political pressure as well as profuse lawsuits.

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California’s Taxes Don’t Close Its Confidence Gap

Business Climate: Last year’s tax hike was a short-term fix, at best, for the Golden State’s woes. For lasting prosperity, job creators need to trust the politicians. Right now, they don’t.

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