Economy rss

Problems with Proposed Puerto Rican Bailout(1)

April 13, 2016

Following in the tradition of sovereign entities that spend too much, grow government too large, and do not bring in enough revenue to balance it all out, Puerto Rico finds itself facing a grave and escalating debt crisis. This American territory followed a familiar playbook to reach its day of financial reckoning. It failed to […]

Share Button
Full Story»

Employment Number Looking Better

In March of every year, the Virginia Employment Commission revises previously released employment estimates with more reliable quarterly census of employment and wages data through an annual process known as bench-marking. If you thought the Richmond region and state were performing a lot better than the numbers had showed, you were right. The revised figures […]

Share Button

How Virginia Might Build on the Rise of Education Capitalism

The past twenty years have brought significant growth to Northern Virginia and the Tidewater area, but there have been significant costs. The state’s economic portfolio is too heavily weighted toward government spending. No state can call itself diversified when one-fifth of its income comes from a single source. Virginia should study the rise of education […]

Share Button

Turning Sea Level Rise Into a Competitive Economic Advantage

To hear Henry R. “Speaker” Pollard describe all the economic risks associated with rising sea levels in Hampton Roads — soaring insurance rates, higher financing costs, declining property values, disruption to business — one might be forgiven for wondering why any business would ever want to consider investing there. “It’s easy to get caught up […]

Share Button

More in this category