Category: Business and Economy
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Is It Time to Say Goodbye to Virginia Coal Exports??
By Peter Galuszka Oilprice.com, a petroleum trade newsletter, has a story that could spell more bad news for the faltering Virginia coal industry. For many years, the most valuable product from Virginia’s coal fields was coking or metallurgical coal that is exported to other countries for use in steel making. China has been a crucial…
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Before There Was an Atlantic Gas Pipeline….
…There Was the Coal Slurry Pipeline. by James A. Bacon The early 1980s were a momentous time for the U.S. coal industry, and for Virginia economic history and politics as well. As the world turned to coal in the wake of the Arab oil embargo, coal exports through Hampton Roads were surging. Loading terminals literally…
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Maverick Miner
I have been neglecting my duties at Bacon’s Rebellion over the past three years because I was engaged by E. Morgan Massey to write a history the Massey family and the A.T. Massey Coal Co. Under the terms of the deal I struck with Morgan, I was allowed to repurpose that book for a wider…
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The Mythology of Robert E. Lee
By Peter Galuszka With excellent timing, the former head of the history department at the U.S. Military Academy at West Point has come out with a book about the mythology of Confederate Gen. Robert E. Lee and much of the White “Southern” culture. Retired U.S. Army Gen. Ty Seidule, a former paratrooper, has deep Virginia…
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Senate Taxes Less PPP, House Bill Almost All
by Steve Haner First published this yesterday by the Thomas Jefferson Institute for Public Policy. Majorities in both chambers of the Virginia General Assembly agree with Governor Ralph Northam and have voted to tax the federal Payroll Protection Plan grants that saved Virginia jobs in the pandemic. They only remain at odds over how much…
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Consumer Reports Misleads on Virginia EV Bill
by James C. Sherlock Few media outlets are as influential with their readership as Consumer Reports or as active in soliciting direct contact of public officials on issues that management feels are important to that publication’s political values. That is their right, but false statements in support of their positions is a violation of public…
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Virginia’s Legendary Corruption Blocks Antitrust Enforcement
by James C. Sherlock Readers of this blog have indicated an unquenchable appetite for information about and discussion of Virginia’s Certificate of Public Need (COPN) law and its administration. This essay informs on the negative impacts of the COPN law and the Virginia Antitrust Act (the Act) itself on the enforcement of antitrust laws against Virginia’s…
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Where Is the Outrage?
By Dick Hall-Sizemore I have waited all day for the howls of protest on this blog concerning the high-handed action of a House committee chairman who would not allow a bill even to be considered and voted on in committee. She just sat on it. Shades of Ed Willey! And we thought these Democrats were…
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The Logic for Rural Broadband Subsidies
by James A. Bacon Reputable estimates of the cost of making high-capacity Internet service universal across the United States run in the $80-billion to $85-billion range, but the society-wide benefits may be worth the outlay, argues Alexander Marré, a Baltimore-based regional economist with the Federal Reserve Bank of Richmond in a recent paper. There are…
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State Tax on PPP Grants Reduced Only Slightly
by Steve Haner A Senate Committee voted today to reduce the amount of tax that Virginia will impose on the Paycheck Protection Plan (PPP) grants that saved Virginia jobs, but not by much. It remains clear many legislators think employers owe Virginia tax on those dollars. Declining to tax the entire amount is being packaged…
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And They SWaM and They SWaM
By Dick Hall-Sizemore Governor Northam is moving to increase the amount of business that goes to companies owned by women or minorities. A little background would help put the pending legislation into perspective. There have long been programs at the federal, state, and local levels that serve to give some preferences to small businesses, as…
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Probably a Coincidence – COPN, the Monopolization of Health Care and the Marginalization of the Poor
by James C. Sherlock I have been asked many times about how freer markets in healthcare can coexist with our need to treat the poor. I will try to briefly cover some of the complexities of the answer to that question. And I will show that of all of the government healthcare control systems, COPN…
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COPN Scores a Kill
by James C. Sherlock More than eleven months ago I wrote an essay titled, “The Legal Corruption of (Virginia’s Certificate of Public Need) COPN.” That system needs overhaul, not adjustment, and the people of Hampton Roads need help. The Governor needs to lead in both efforts. Today I offer the third in a series (first…
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DePaul Hospital’s Closing Presents a Unique Opportunity for Hampton Roads
by James C. Sherlock Not too long ago, before the decline of the malls and COVID, the healthcare community coined what they called the Nordstrom Rule. The meaning was that if you wished to optimize profits in your healthcare business, build it close to a Nordstrom. The theory was that Nordstrom had already done the…
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PPP Tax May Focus on Larger Employers Only
by Steve Haner A week ago, Governor Ralph Northam’s Administration was adamant that it would be unfair, in fact a double tax benefit, to allow Virginia employers with forgiven Paycheck Protection Plan loans to also deduct any expenses used to qualify for forgiveness. This week, the position changed. Maybe it would make sense to allow it…