Conservative media

Conservative media

Cry Wolf Quotes

The proposed living-wage ordinance, before Detroit voters Nov. 3, on the surface, seems admirable. But one doesn't need to look beyond its title to find seriously flawed logic. The same jobs that the measure's proponents are seeking to promote, in reality, will likely disappear.

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Editorial, Crain’s Detroit Business.
11/02/1998 | Full Details | Law(s): Living Wage

If we take this route, we would eventually have the tools to cut carbon emissions, instead of misguided near-term initiatives like RGGI where an attempt to meet even the modest targets will only disrupt energy markets at great cost to consumers and the economy as whole. Programs to curb other GHGs can proceed such as measures to reduce methane releases from coal mines, but it is absurd to impose any meaningful limits on carbon emissions when so much of our energy comes from coal.

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From “Carbon Cap Follies” an editorial by William T. Smith, “Consultant in the field of natural resources”.

The bill would, for instance, prohibit card companies from changing the rates they charge ‘at any time, for any reason.’ Translation: instead of a borrower’s interest rate varying up and down, it will just stay up. Or fees will rise, to offset issuers’ loss of pricing flexibility.

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Thomas Brown, Bankstocks.com.

The Community Reinvestment Act (CRA) did the same thing with traditional banks. It encouraged banks to serve two masters -- their bottom line and the so-called common good… By pressuring banks to serve poor borrowers and poor regions of the country, politicians could push for increases in home ownership and urban development without having to commit budgetary dollars. Another political free lunch.

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Russell Roberts, Wall Street Journal.