a service of NPRI

July 20, 2006 
Vol. 2, No. 11

Also in this issue:

Cab venture
faces tough road

Fed judge rejects
attack on Wal-Mart

Medicaid decision means
fewer NevadaCare jobs

Tearing up the
Jack Welch playbook

Great public schools
do it differently

The big surprise is Enterprise


Senate sides with
importers of counterfeit drugs

Fleckenstein on the Fed

Arithmetic of pain

The welfare state's
attack on the family



Senate sides with importers of counterfeit drugs

Washington Times

On March 29, the federal Joint Terrorism Task Force unsealed an indictment charging 19 persons with operating a global crime and terrorism ring spanning Lebanon, Canada, China, Brazil, Paraguay and the United States. The ring sold counterfeit drugs and other contraband materials, largely through direct consumer shipment from Canada, to Americans seeking cheaper drugs. It, in turn, directed its profits to support of the criminal terrorist group Hezbollah.


Commentary by
Bill Fleckenstein

JULY 10: Why the Fed is done

Let's talk about the Fed, shall we? Since, for the moment, what it may or may not do next drives so many markets, I'd like to share my expectations about the Fed's future activity.


JULY 17: The bear market
is back

As the earnings blizzard begins to blanket Wall Street, one thing is clear: The results have not been too impressive.


of pain

By Alan M. Dershowitz
Wall Street Journal

There is no democracy in the world that should tolerate missiles being fired at its cities without taking every reasonable step to stop the attacks. The big question raised by Israel's military actions in Lebanon is what is "reasonable." The answer, according to the laws of war, is that it is reasonable to attack military targets, so long as every effort is made to reduce civilian casualties. If the objectives cannot be achieved without some civilian casualties, these must be "proportional" to the civilian casualties that would be prevented by the military action.

[continued] This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.

The welfare
state's attack
on the family

By Vedran Vuk
Ludwig von
Mises Institute

Most people  listening to libertarian ideas are thrown off by the thought that private charity, in absence of government programs, will handle problems involving truly helpless people. Charitable organizations are active but no one knows for sure how much donations would increase in a tax-free society.


WHY BusinessNevada

Nevada’s hidden accountability wars

Disdain for parents’ goals for their
kids is built into the public education establishment. But most politicians never get it.

By Steven Miller

Senator Bill Raggio had his doubts.

Minutes of the 2005 Legislature’s hearings make that clear.

But Gov. Kenny Guinn was eager to try something “new” with Nevada’s huge number of at-risk public schools, and he’d announced the idea in his State of the State message.

An unprecedented $100 million, said Guinn, should be given out to failing Nevada schools during the coming biennium — the money should be “fast-tracked,” and distributed as quickly as possible. Moreover, said the governor, the grants should be made and overseen, not by lawmakers, nor by the state Department of Education, but by his own, hand-picked appointees.

Raggio’s skepticism about the Guinn approach revealed itself in multiple ways.


Cab venture
faces tough road

By Richard Velotta
InBusiness Las Vegas

A partnership between three managers of two existing taxicab companies has proposed forming a new cab operation in Clark County.

The request by Ray Chenoweth and Jaime Pino of Nellis Cab Co. and George Balaban of Desert Cab Co. to form City Cab is expected to meet heavy opposition, even as residents clamor for more taxi service, particularly in the residential areas outside of the tourist corridors.


Fed judge rejects
attack on Wal-Mart

By Kris Hudson
Wall Street Journal

A federal judge in Baltimore struck down a Maryland law aimed at forcing large employers, namely Wal-Mart Stores Inc., to spend more on health-care coverage for their employees.

Maryland's Fair Share Health Care Fund Act, enacted in January, was the catalyst for more than 30 similar bills pushed in other states this year by the AFL-CIO and other groups.

[continued] This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.

Government contracts
Medicaid decision means
NevadaCare will cut jobs

By Cristina Rodriguez
InBusiness Las Vegas

Nevada's largest health insurance carrier and a newcomer have entered negotiations for the state's $500 million Medicaid contract, and a family-owned company that likely lost the contract expects to drop 175 jobs.


Tearing up the
Jack Welch playbook

The Six Sigma master was once the undisputed authority in management. But evidence suggests smart CEOs are now following a different set of rules.

By Betsy Morris
Fortune Magazine

NEW YORK - Once upon a time, there was a route to success that corporate America agreed on. But in today's fast-changing landscape, that old formula is getting tired.


Public ed
Great schools
do it differently

Out-performing schools’ secrets
distilled by important new study

By Debra Viadero
Education Week

A national nonprofit group has released a report that distills the "best practices" used by elementary and secondary schools in 20 states that have proven track records of success.

Researchers at the National Center for Educational Accountability at the University of Texas in Austin based their findings on studies over the last six years of more than 250 schools across the country. The researchers singled out 140 schools that consistently outperformed demographically similar schools for at least three consecutive years and across several grades, on state exams.


The big surprise
is Enterprise

Quietly beating out Hertz and Avis, this privately held outfit is the No.1 car-rental company in America.

By Carol J. Loomis
Fortune Magazine

There are a couple of things you might not know about Enterprise Rent-A-Car of St. Louis. One is on the order of business trivia: The privately held company hires more college grads than any other American corporation (and promptly puts them to work washing cars). The second one is a bit more significant: Though the fact amazes many businesspeople, Enterprise is by far the largest and most prosperous rental-car company in the U.S. For its fiscal year ending July 31, Enterprise will have about $9 billion in revenues, against the $7.5 billion that the runner-up, Hertz, recorded in calendar 2005.


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