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A look at the lousy situation Rhode Island is in, how we got here,
and how we might be able to get out.
Featuring
Budget Demystification!
Fiscal Derring-Do!
Economic Jiggery-Pokery!
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RIPR is a (paper) newsletter and a weekly column appearing in ten
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Available Back Issues:
- Aug 09 (38) - How your government's
economic policies have worked against you. What a fake nineteenth
century nun can teach us about the tea party protests.
- Jun 09 (37) - Statistics of
optimism, the real cost of your government. Judith Reilly on
renewable tax credits. Review of Akerlof and Shiller on behavioral
economics.
- Apr 09 (36) - Cap and trade, the
truth behind the card check controversy, review of Governor's tax
policy workgroup final report.
- Feb 09 (35) - The many varieties of
market failures, and what classic economics has to say about them,
review of Nixonland by Rick Perlstein.
- Dec 08 (34) - Can "Housing First"
end homelessness? The perils of TIF. Review of You Can't Be
President by John MacArthur.
- Oct 08 (33) - Wage stagnation,
financial innovation and deregulation: creating the financial
crisis, the political rhetoric of the Medicaid waiver.
- Jul 08 (32) - Where has the money
gone? Could suburban sprawl be part of our fiscal problem? Review
of Bad Money by Kevin Phillips, news trivia or trivial
news.
- Apr 08 (31) - Understanding
homelessness in RI, by Eric Hirsch, market segmentation and the
housing market, the economics of irrationality.
- 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
Issues are issued in paper. They are archived irregularly here.
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About
The Rhode Island Policy Reporter is an independent news source that
specializes in the technical issues of public policy that matter so
much to all our lives, but that also tend not to be reported very
well or even at all. The publication is owned and operated by Tom
Sgouros, who has written all the text you'll find on this site,
except for the articles with actual bylines.
Responsibility:
Tom Sgouros
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Fri, 25 Jul 2008
Lobbying success costs industry money
A good AP
article points out that had the food industry not successfully
lobbied the Bush administration to relieve them of "burdensome"
paperwork requirements, they might not have lost $250 million over the
tomatoes/jalapenos/salmonella crisis.
09:27 - 25 Jul 2008 [/y8/jy]
Wed, 23 Jul 2008
What baby boom?
A subscriber wrote in to point out that I'd forgotten an important
point in my article inspired by this
deeply uninformed blog post (caution: fancy graphics, crashes my
browser sometimes).
My only quibble is about responding to the assumption there was little
population growth in RI. 1950 population of RI was about 792,000 but
in 2000 it was about 1,067,000 an increase of 275,000 people, almost
35%, not an inconsiderable number (but pop. growth often ignored by
both right and left).
Well, add that to the other points in the article. (It's in
issue 32, just out.)
16:08 - 23 Jul 2008 [/y8/jy]
Mon, 21 Jul 2008
Some references
For those interested in further reading about the studies I mentioned
in this week's column (coming Wednesday and Thursday), read here:
- Christopher and Sarah Lubienski's research comparing public and
private schools using the NAEP math tests can be found here.
- Courtney Bell's paper on school
choice. Describes how different parents choose rationally among
the choices they perceive, but points out that the choices they
perceive aren't necessarily the choices education reformers think they
have.
- The data about school choice in Chicago were presented in the book
Freakonomics by Steven Levitt and Stephen Dubner. The relevant
chapters aren't available on line, though google is your friend here.
But the book is a best-seller, so it won't be hard to come by a
copy.
22:49 - 21 Jul 2008 [/y8/jy]
Mon, 14 Jul 2008
Issue 32 is out
After a long wait, for which I apologize profusely.
- Where has the money gone? If it's not welfare or medicaid, then
why is government so much more expensive than it was 50 years
ago? You probably won't like the answer.
- Book review: Bad Money by Kevin Phillips
- Press follies: Can we have good politics with a bad press?
Didn't you mean to subscribe?
10:11 - 14 Jul 2008 [/y8/jy]
Moral hazard
So we're going to bail out Fannie and Freddie, the mortgage giants.
But why? Maybe we need them, but do we need them to be private,
for-profit entitities? Why, exactly? From here:
The government uses conditions all the time when it offers
help to low and moderate income people. Unemployment insurance, TANF,
food stamps, and even student loans come with all sorts of conditions.
It is only when it comes to giving money to extremely rich people that
we find it impossible to impose conditions. Again, we could have told
Fannie and Freddie that no executives will get more than $2 million a
year in total compensation. We could have told their shareholders that
they are out of luck, because that is what is supposed to happen when
you invest in a bankrupt company.
Instead, we told the people who work as truck drivers, school
teachers, and fire fighters that they will have to pay more in taxes
to help some of the richest people in the country escape the
consequences of their own stupidity. While kicking the poor is always
fun for politicians, neither the Bush administration nor Congress are
prepared to tell the very rich that they are on their own.
In 1991, RI suffered a banking disaster of our own. We had an
opportunity then to turn that sow's ear into a silk purse, but passed
on it because it would have meant government getting into the banking
business, and that's anathema to people who are hide-bound by
ideology. So because of ideology, we overlooked a practical solution
that would have gotten everyone their money back without spending a
dime of taxpayer money. Ideology is expensive.
10:08 - 14 Jul 2008 [/y8/jy]
Sat, 12 Jul 2008
Good news about gas prices
Traffic deaths down.
11:22 - 12 Jul 2008 [/y8/jy]
Fri, 11 Jul 2008
National Grid
Annual
report. See p.2 (profits up 27.9%).
11:16 - 11 Jul 2008 [/y8/jy]
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