a service of NPRI

March 21, 2006 
Vol. 2, No. 5

Also in this issue:

Per capita, Nevada ranks
49th in federal receipts

monies up in smoke?

Districts subverting
NCLB tutoring rule

Liberal activists target ‘workforce’ housing

What will the Dubai
debacle cost us?


Two cheers for Nancy Pelosi

Ending budget obesity

A tale of two farmers

Discretion is the new rule


from NPRI:

Cringing as
a strategy

Timid defenders of Nevada business need a new game plan

THE LAS VEGAS  Chamber says it is opposing TASC because the proposed constitutional amendment “does nothing” about financial liabilities the state has under its Public Employee Retirement System (PERS) and Public Employee Benefit Program (PEBP).


Two cheers for Nancy Pelosi

Democrats think outside the Sarbox

By Mallory Factor
Opinion Journal

Have America’s entrepreneurs and corporate leaders found a new voice of regulatory sanity in, of all people, Nancy Pelosi? Apparently so, and that should be a wake-up call to Republicans—because like everything else in the free market, the free enterprise agenda is up for grabs. In the recent “Innovation Agenda” that the House Democratic leader and her party unveiled, Ms. Pelosi acknowledges specifically the need to “ensure Sarbanes-Oxley requirements are not overly burdensome,” and endorses reform.


The Big 'If'
Ending budget obesity

By Lawrence Kudlow
Creators Syndicate

If the polls are telling us things are so bad, why is the stock market telling us things are so good?

Opinion poll after opinion poll reveals just how unhappy people are with President Bush, the economy, the war in Iraq, and the general direction of America. At the same time broad stock averages are hitting five-year highs. So who should you trust, forward-looking stock markets or backward-looking polls?


The Fed
A tale of
two farmers

By Peter Schiff
Euro Pacific Capital

In light of the mind-blowing lengths to which Wall Street has gone to minimize the importance of the enormous deficits posted in the fourth quarter current account and in January’s monthly trade figures, I thought a simple analogy would be helpful in putting this situation into its proper perspective.


Discretion is the new rule

By Thorsten Polleit
von Mises Institute

Investors in the international bond markets appear to be extremely confident about the outlook for inflation, expecting the loss of purchasing power of money to be low in the coming years.


WHY BusinessNevada

Public agendas
The ‘nichefication’
of news media

Accelerating de-centralization of the news media should begin improving Nevada government

By Steven Miller
Business Nevada

Many Nevada business people, looking out upon the state’s demagogic political scene today, find it thoroughly demoralizing—which is entirely understandable.

They should know, however, that big and encouraging changes are coming down the pike.

Today what Milton Friedman called the “Iron Triangle”—the powerful alliance of special-interest groups, politicians and bureaucrats—continues to drive and dominate state public policy news. As always, what this alliance wants is ever-larger government, plus the strangling in the cradle of any moves for governmental reform.

Public education here in Nevada is where this pattern is most notorious. But similar triangle alliances operate in many government sectors. Just last week, advocates of more socialism in Nevada health care policy snagged big headlines and news coverage around the state for their agenda.


Per capita, Nevada ranks 49th in federal receipts

Thanks to the federal income tax and redistributionist national politicians, Nevada is paying vastly higher federal taxes than it can ever expect to be matched by federal spending sent to the Silver State.

That’s the clear finding of the 2005 Tax Foundation “giving and receiving states” report released last week. While Nevadans, per capita, rank 16th highest in federal tax burden, they rank 49th in total federal expenditures.

The Tax Foundation study shows that the federal government is not only redistributing income from the prosperous to the poor, but from the middle-income residents of high-cost states to the middle-income residents of low-cost states.

[Download 8-page report]

monies up in smoke?

State coffers could wind up $7 million short, revealing poor planning

By Valerie Miller
LV Business Press

It’s a waiting game for the State of Nevada, which in less than a month, will find out if it’s going to be $7 million short on this year’s scheduled $40 million tobacco-settlement payout.

The shortfall will impact social and health programs for seniors and the disabled if the tobacco companies decide to cut their payments based on declining market shares.

Despite the warnings, the state has yet to formulate a “Plan B” if the funds don’t arrive.


Districts subverting NCLB tutoring rule

Industry survey suggests many poor schoolchildren aren’t getting NCLB help

By Lesli A. Maxwell
Education Week

Bureaucratic red tape and inertia in some school districts are keeping thousands of poor children from receiving the tutoring services guaranteed to them under the federal No Child Left Behind Act, a coalition of private tutoring providers contends.


Homes crunch
Liberal activists target
‘workforce’ housing

By Kevin Rademacher
In Business Las Vegas

As every form of automobile raced by and planes and helicopters zipped above, a group of local leaders gathered in front of the legendary “Welcome to Fabulous Las Vegas” sign to discuss plans for shoring up the valley’s hospitable image.

As the median local home price continued to hover well above $300,000, business executives and political leaders agree that Las Vegas is not as welcoming as it once was.


What will the Dubai
debacle cost us?

Now the deal is done, it’s time for American companies to face the economic consequences of politicians’ public statements.

By Nelson D. Schwartz
Fortune Europe editor

NEW YORK—So the Dubai ports deal is done, a United Arab Emirates-owned company has backed down, and CNN anchor (and deal opponent) Lou Dobbs is going to have to find something else to talk about. But the after-effects are likely to be felt in boardrooms across America as well as on Capitol Hill and in Arab capitals from Riyadh to Bahrain and Cairo.


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