Category: Business and Economy
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Step Aside Gypsy Moths, There’s a New Bug in Town
by Bill Tracy The next bug infestation: Spotted lanternflies. Have you seem them yet? If not, you probably will in the next few years. The Winchester region is already a quarantine area. Prince William County has them. Yesterday someone found a dead one in Fairfax County — in a grocery-store produce shipment.
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Northam Plastics Order Will Backfire
by Brett Vassey Governor Northam recently issued Executive Order 77 (EO 77) mandating all state agencies (including colleges and universities) to ban purchasing or using certain plastics products (primarily foodservice and trash bags) by October 2021, ban plastic bottled water, phase out all single-use plastic items by 2025, source and use non-plastic alternatives, and compost…
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Why Virginia Job Growth Lags Region, Nation
by Steve Haner “Virginia’s economic recovery continues to outpace the nation… Our unemployment rate remains well below the national average and has fallen consistently every month for the past fifteen months… I’m proud of our roaring economic growth…” So claimed Governor Ralph Northam (D) in a September 17 news release. It came just after Virginia’s…
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McAuliffe Promise to Accelerate VCEA Schedule Will Accelerate VCEA Consumer Bill Increases
by Steve Haner When a State Corporation Commission staff analysis warned last year of $808 annual increases in Dominion Energy Virginia residential bills by 2030, that 58% increase was based on the existing deadlines set for Dominion’s conversion away from using fossil fuels. Change the deadlines, change the cost. Shorten the deadlines by half, as…
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Of Course Tax Hikes Grew the State Surpluses
by Steve Haner At Tuesday night’s debate Democratic gubernatorial nominee Terry McAuliffe dismissed the 2021 $2.6 billion general fund revenue surplus as entirely due to extra federal COVID relief funds, which is absurd on its face. By definition, every dollar is general fund state tax revenue. It came from some form of state tax. Why…
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Virginia Job Growth Trails U.S. Averages
by A. Fletcher Mangum Virginia’s employment growth has been underperforming the national economy for quite some time. As shown in Figure 1, soon after the recovery from the Great Recession began in earnest in 2011 Virginia’s year-over-year growth in total employment uncharacteristically fell behind the national economy and even briefly went negative in 2014. Then…
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Behind the Labor-Shortage Headlines
by James A. Bacon The news is full of stories about labor shortages. The latest case in point, which prompted this column, is Virginia Mercury article focusing on the paucity of nurses. The author lists several plausible reasons to explain the deficit, from COVID-related burnout to a shortage of nursing school faculty. Similarly, Bacon’s Rebellion…
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More Ignored News: Bag Tax Coming to Richmond
by Steve Haner The plastic bag tax recently approved in Roanoke and several Northern Virginia localities, created by the General Assembly in 2020 as a local option, is also coming to the City of Richmond. It was promised in the same September 13 Richmond City Council “climate crisis” resolution that implied a future closure of…
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VEC Made $930 Million in “Incorrect” Payments Last Year
by James A. Bacon Inundated by unemployment claims during the COVID-19-induced recession last year, the Virginia Employment Commission made an estimated $930 million in “incorrect” payments last year, according to an update by the Joint Legislative Audit and Review Commission. The magnitude of wasted dollars has gone largely unnoticed as the media and the Northam…
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SCC Staff: Dominion Should Refund $312M, Cut Rates, Due to $1.14B Excess Profits
by Steve Haner Customers of Dominion Energy Virginia are due a refund of $312 million and the company’s future base rates should be reduced by another $50 million annually, the utility accounting staff at the State Corporation Commission concluded in testimony filed September 17. Patrick W. Carr, deputy director of the division of utility accounting…
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Conference Explores VA Rush to Copy CA Energy
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by Steve Haner Californians were again this week under an electricity “flex alert,” a conservation order required because of its reliance on unreliable solar and wind energy. They often cannot keep up with demand on the hotter days. Is this Virginia’s future? The government is telling Californians: Set your thermostat at 78° or higher Avoid…
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Virginia Has a Rising Sea Problem, Relatively
by Steve Haner and Kip Hansen When discussing sea level rise, on Virginia’s coast or anywhere else, watch the terms being used very carefully. Absolute sea level is the height of the ocean compared to the center of the Earth. Relative sea level is the height of the ocean compared to a specific point on…
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The President Had Somewhere Important to Be
by James C. Sherlock The caption of the photo: “US President Joe Biden looks down alongside First Lady Jill Biden as they attend the dignified transfer of the remains of a fallen service member at Dover Air Force Base in Dover, Delaware, August, 29, 2021, one of the 13 members of the US military killed…
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Schools Desperately Short of Bus Drivers; Carpooling App Needed
by James C. Sherlock A Fairfax County Public Schools Twitter message August 19: “If you can walk with or drive your child (and perhaps a neighbor’s), please do. Also, we ask that you update your transportation status through your school, if you choose to not have your child take the bus.” WTOP reported that as…
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Warner Promises Tough Questions on Afghanistan Collapse
Fiasco. The hasty and chaotic withdrawal of American forces from Afghanistan has shocked politicians from both sides of the aisle. Virginia’s own Senator Mark Warner, Senate Intelligence Committee Chairman, will work with other committees to investigate how the US was caught off guard by the Taliban’s quick victory. The Hill quotes Warner as saying, “As…