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Available Back Issues:
- Feb 08 (30) - IRS migration data,
and what it says about RI, a close look at "entitlements", historic
credit taxonomy, an investment banking sub-primer.
- Dec 07 (29) - A look at the state's
underinsured, economic geography with IRS data.
- Oct 07 (28) - Choosing the most
expensive ways to fight crime, bait and switch tax cuts, review
of Against Prediction, about the perils of using statistics
to fight crime.
- Aug 07 (27) - Sub-prime mortgages
fall heaviest on some neighborhoods, biotech patents in decline, no photo
IDs for voting, review of Al Gore's Against Reason
- Jun 07 (26) - Education
funding, budget secrecy, book review of Boomsday and the Social
Security Trustees' Report
- May 07 (25) - Municipal finance: could citizen
mobility cause high property taxes?
What some Depression-era economists had to say on investment, and why
it's relevant today, again.
- Mar 07 (24) - The state budget
disaster and how we got here. Structural deficit, health care,
borrowing, unfunded liabilities, the works.
- Jan 07 (23) - The impact of real
estate speculation on housing prices, reshaping the electoral college.
Book review of Blocking the Courthouse Door on tort "reform."
- Dec 06 (22) - State deficit: What's
so responsible about this? DOT bonding madness, Quonset, again,
Massachusetts budget comparison.
- Oct 06 (21) - Book review: Out of
Iraq by Geo. McGovern and William Polk, New rules about supervisors
undercut unions, New Hampshire comparisons, and November referenda guide.
- Aug 06 (20) - Measuring teacher
quality, anti-planning referenda and the conspiracy to promote them,
affordable housing in the suburbs, union elections v. card checks.
- Jun 06 (19) - Education report, Do
tax cut really shrink government?, Casinos and constitutions, State historic tax
credit: who uses it.
- May 06 (18) - Distribution
analysis of property taxes by town, critique of RIEDC statistics,
how to reform health care, and how not to.
- Mar 06 (17) - Critique of commonly
used statistics: RI/MA rich people disparity, median income, etc.
Our economic dependence on high health care spending. Review of
Crashing the Gate
- Feb 06 (16) - Unnecessary
accounting changes mean disaster ahead for state and towns, reforming
property tax assessment, random state budget notes.
- Jan 06 (15) - Educational equity,
estimating the amount of real estate speculation in Rhode Island,
interview with Thom Deller, Providence's chief planner.
- Nov 05 (14) - The distribution of
affordable houses and people who need them, a look at RI's affordable
housing laws.
- Sep 05 (13) - A solution to pension
strife, review of J.K. Galbraith biography and why we should care.
- Jul 05 (12) - Kelo v. New London:
Eminent Domain, and what's between the lines in New London.
- Jun 05 (11) - Teacher salaries,
Veterinarian salaries and the
minimum wage. Book review: Confessions of an Economic Hit Man
- Apr 05 (10) - Choosing a crisis: Tax fairness and school
funding, suggestions for reform. Book review: business location and
tax incentives.
- Feb 05 (9) - State and teacher
pension costs kept artificially high. Miscellaneous tax suggestions for balancing the state budget.
- Dec 04 (8) - Welfare applications and the iconography of welfare
department logos. The reality of the Social Security trust fund.
- Oct 04 (7) - RIPTA and DOT, who's really in crisis?
- Aug 04 (6) - MTBE and well pollution, Mathematical problems with property taxes
- May 04 (5) - A look at food-safety issues: mad cows, genetic engineering, disappearing farmland.
- Mar 04 (4) - FY05 RI State Budget Critique.
- Feb 04 (3) - A close look at the Blue Cross of RI annual statement.
- Oct 03 (2) - Taxing matters, a historical overview of tax burdens in Rhode Island
- Oct 03 Appendix - Methodology notes and sources for October issue
- Apr 03 (1) - FY04 RI State Budget critique
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Tom Sgouros
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Fri, 27 Jun 2008
What's a Mayoral Academy?
Part of the state budget bill passed last week created "Mayoral
Academies" a new kind of school. This was a controversial article of
the budget, with labor fighting hard against it, but fairly easily
overcome in the vote. So what's the story behind this effort?
One version of this story has it that these are an exciting new
experiment in public education, established due to the bravery of
Cumberland's Mayor Daniel McKee and midwived by important members of
the progressive movement like Ramon Martinez, leader of Progreso
Latino in Central Falls. The schools will be regional, serving one or
more towns, and operated by non-profits, so are able to attract grant
funding, possibly lavish, from the likes of the Bill and Melinda Gates
Foundation.
See more ...
22:51 - 27 Jun 2008 [/y8/cols]
link
Shape of the Starting Line
By popular demand, here's a link to The Shape of the Starting Line, a
report I wrote in 2006 for Working RI. It's an annotated bibliography
of current research on the relation between academic achievement and
poverty, nutrition, early childhood education, family circumstances,
reading aloud, teacher unions, charter schools, and much more. I
enjoyed researching it, and hope you enjoy reading it.
If you are interested in charter schools, I particularly recommend
page 37. If you are interested in teacher unions, try page 33.
13:01 - 27 Jun 2008 [/y8/jn]
link
Sat, 21 Jun 2008
An interesting comparison
An article in the Nation
points out that the pay of the five most
highly-paid hedge fund managers added up to $12.6 billion in 2007, while
the five best-paid CEOs earned a measly $290 million. Almost makes
you feel sorry for the CEOs, doesn't it? Especially when you consider
that the hedge fund salaries are considered capital gains, so they pay
tax at a lower rate than you do.
Find CEO salary data at the New York Times, while the
hedge fund data came courtesy Alpha,
a hedge fund trade magazine.
11:57 - 21 Jun 2008 [/y8/jn]
link
Fri, 20 Jun 2008
What a budget, what a year!
The fiscal 2009 budget has now been approved by the Assembly, and
everyone expects the Governor to sign it. Here are a dozen things
worth knowing about it.
See more ...
23:28 - 20 Jun 2008 [/y8/cols]
link
Mon, 16 Jun 2008
Another idea: neat, plausible...
What do you think about tutoring kids who attend failing schools?
Sounds like a good idea, right? Too bad it
doesn't appear to work.
Another chapter in a series of bad-but-simple solutions to serious problems.
15:00 - 16 Jun 2008 [/y8/jn]
link
Fri, 13 Jun 2008
What kind of government do you want?
As discussions about next year's state budget gets down to plastic
tacks painted to look like brass, it's worth putting our heads up from
the weeds for a moment to think about what our government should be.
For example, I would very much like to live in a world where my
government was more efficient. Wouldn't you? I wouldn't mind lower
taxes, but even more I'd prefer a government that could provide some
of the services friends of mine who live elsewhere get from their
governments. In Virginia, a friend who left here recently reports
that there is an extensive network of community swimming pools, with
youth teams that train and compete in them all summer. In Portland,
Oregon, a fabulous and cheap light rail system whisks people in and
out of downtown, creating new and prosperous business districts around
its stations. Further afield, in most of Europe, college tuition is
free or negligible, and a student's choice of university to attend is
limited only by his or her grades. And of course, in most of the rest
of the world, health care is paid for either by the government or a
state-run insurance pool
Ok, I live near a beach, so I can do without the swimming pools, but
transportation, college tuitions and health care are three of the
biggest expenses my family faces. (Well, the tuitions won't hit
us for a couple more years, but it's near enough to begin to scare
me.) In other places, government helps families with those expenses.
Why not here?
See more ...
21:38 - 13 Jun 2008 [/y8/cols]
link
Sat, 07 Jun 2008
Tax limits: a simple strategy
What shall we do about our property taxes? Pretty much everyone
agrees property taxes are too high. But that's the easy part.
The hard part is figuring out what to do about it. Two years ago,
Teresa Paiva-Weed, the Senate Majority Leader from Newport, had a neat
and plausible idea: limit them.
So the Assembly that year passed S-3050, limiting the increases in the
taxes a city or town can collect year over year to 5.5%, then 5% and
marching down to 4%. Amazing, no? You wonder why no one thought of
this before.
The newspaperman and essayist H. L. Mencken once wrote, in an essay
about inspiration, "There is always a well-known solution to every
human problem -- neat, plausible, and wrong." And of course, the
reason no one thought of simple tax limits before is it's a
horrible idea.
See more ...
07:34 - 07 Jun 2008 [/y8/cols]
link
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