In a recent interview, Ana Revenga, senior director of the World Bank’s Poverty and Equity Group, talks about ending extreme poverty. See, Ending Extreme Poverty: World Bank Economist Ana Revenga @ The Christian Century. (The World Bank defines extreme poverty as living on less than $1.90 per person per day, and the article describes how…
Economics
CDA, Development, Economics, Economy, Gluttony, Government Spending, Innovation Center/Tech Park, Local Government, Press, Public Relations, WEDC
‘WEDC has been a disaster from the get-go’
by JOHN ADAMS •
After years of defending the Wisconsin Economic Development Corporation, one newspaper (out of several in the area) finally concedes the obvious: ‘WEDC has been a disaster from the get-go.’ See, from 11.28.15, http://www.gazettextra.com/20151128/our_views_consider_two_steps_for_salvaging_state8217s_job_creation_agency, subscription req’d. Yes, it has been a disaster, as politicized intervention in the economy, to the benefit of one’s well-fed, white-collar executive…
Assault Awareness & Prevention, City, Corporate Welfare, Culture, Economics, Economy, Free Markets, Government Spending, Local Government, University, Waste Digesters, WEDC, WGTB, WHEN GREEN TURNS BROWN
Boo! Scariest Things in Whitewater, 2015
by JOHN ADAMS •
Here’s the ninth annual FREE WHITEWATER list of the scariest things in Whitewater for 2015. The 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014 editions are available for comparison. The list runs in reverse order, from mildly frightening to truly scary. 10. The Coming Ferret Invasion. Alternative title: The Unprepared Will Be Doomed. Earlier this year,…
Economics, Economy, Local Government
The Rise and Fall of the Chinese Economy
by JOHN ADAMS •
You’ll find in the video above a concise, balanced assessment of China’s economic prospects from economist Tyler Cowen. The short-term is sure to be rocky, but there are good, long-term prospects for China. (Prof. Cowen doesn’t say so, but those long-term prospects are likely to include – indeed, to require – a China without the…
Business, Corporate Welfare, Development, Economics, Economy, Liberty, Local Government, WEDC
Business v. Free Markets
by JOHN ADAMS •
Over at Cato, David Boaz writes about The Divide between Pro-Market and Pro-Business. (I’ve also linked to Boaz’s post at my libertarian website, Daily Adams.) Boaz observes that, too often, business (especially big business) is an opponent of free markets: In 2014 big business opposed several of the most free-market members of Congress, and even a Ron Paul-aligned…
Blogging, City, Economics, Politics
Methods, Standards, Goals
by JOHN ADAMS •
Whitewater doesn’t have, and hasn’t had, a legitimate press that would serve as a check on political or corporate power. On the contrary, what’s passed for reporting in our area is merely written sycophancy. In this way, Whitewater has been ahead of a national trend toward a weaker press, or no press at all. Yet, before plentiful…
CDA, City, Corporate Welfare, Economics, Economy, Gluttony, Government Spending, Local Government, Politics
Fog Lifts
by JOHN ADAMS •
View image | gettyimages.com Whitewater started the day with fog, but there has never been a place, anywhere or ever, in which the fog did not lift. There’s reason for confidence that even befogged places see, in the course of events, clear skies. I’d guess, though, that most policymakers in town (such as they are)…
China, Economics, Economy, Foreign Affairs
The Limits of China Under Communism
by JOHN ADAMS •
A single paragraph from Jacob Soll puts China in perspective: There is no historical example of a closed imperial economy facing large capital-driven, open states and sustainably competing over a long term. That is not to say that China isn’t an economic powerhouse and a remarkable site of energy and potential. It is certainly both.…
Economics, Economy, Free Markets, Immigration, Labor, Restaurant
Film: From Dishwasher to Award-Winning Restaurateur
by JOHN ADAMS •
I suppose that if I wanted to curry favor with others, I’d talk about the need for immigration restrictions, or at the least I’d avoid taking a contrary view (a restrictive position being so popular these days). That would seem to me a timid way to face the world, unfit for robust Americans. One should…
CDA, Economics, Economy, Gluttony, Gov. Walker, Government Spending, WEDC
The WEDC Taints Walker (and local officials even more)
by JOHN ADAMS •
The WEDC is a state and national story that has local implications. Some of the toughest political battles are intra-party ones: Republicans or Democrats fighting against fellow party members for their respective primary nominations. For rival Republicans, Gov. Walker’s creation of the Wisconsin Economic Development Corporation will offer a legitimate and compelling line of attack against his…
Economics, Government Spending, Local Government
Retrospective and Prospective Costs
by JOHN ADAMS •
There are few more useful ways of looking at expenditures made and expenditures contemplated than as retrospective (sunk) or prospective (future) costs. Consider the example of a man building a boat to catch one-hundred pounds of fish per day. The fisherman spends seventy-five thousand building his own boat, and is partly done. If he spends…
CDA, City, Corporate Welfare, Economics, Economy, Gluttony, Government Spending, Innovation Center/Tech Park, Local Government, Politics, WEDC, Wisconsin
The State’s WEDC and Whitewater’s Facsimiles
by JOHN ADAMS •
Ongoing revelations about the Wisconsin Economic Development Corporation are a double concern: they’re stories of statewide malfeasance, and those revelations beg the question of how local officials in Whitewater are managing their own pools of public money. First, the latest stories (it’s a steady stream) of state-level error, waste, and negligence: Madison— Failing to run…
Business, City, Development, Economics, Economy, Health, Local Government, Planning, Politics, WGTB, WHEN GREEN TURNS BROWN
Meetings & Motivations
by JOHN ADAMS •
Post 11 in a series. This is series about a proposed digester energy project for Whitewater, one that would rely on importing other cities’ unwanted waste into Whitewater for processing. A series like this is only indirectly about general wastewater upgrades, at whatever price. It’s about waste importation, and officials’ claims that importation would be clean…