Category: Government Finance
-
Will Virginia Participate in the “Open Urbanism” Revolution?
by James A. Bacon A global revolution in the design and management of cities is gaining momentum. The rapid evolution of sensors, analytics and automation technologies is creating once-in-a-generation opportunities to drive down the cost of infrastructure and public services at the very moment that state and local governments face the worse fiscal stress since…
-
Regulating Uranium Mining Would Be Huge Task
—
by
in Business and Economy, Consumer Protection, Courts and law, Disasters and Disaster Preparedness, Economic development, Energy, Environment, Federal issues, Government Finance, Government workers and pensions, Health Care, Infrastructure, Land use & Development, Money in politics, Planning, Politics, Property rights, Public safety & healthBy Peter Galuszka Virginia appears to be reaching a critical mass regarding uranium mining and milling in Pittsylvania County. Today, the Uranium Working Group issued its report outlining what steps would be needed if Virginia were to lift its 30-year-old moratorium on uranium mining. Meanwhile, the powerful Virginia Farm Bureau joined a group of mining…
-
Woo, That VRS Pension Reform Came Along Just in the Nick of Time
Morningstar, the investment research firm, has published a new study, “The State of State Pension Plans,” that delves into the dangerously underfunded condition of many state pension plans. Pensions, states the report, “will play an integral role in determining a state’s fiscal health and overall credit quality, going forward.” I keep looking for a report…
-
We’re No. 12! We’re No. 12!
by James A. Bacon Virginia may be holding onto its sterling AAA credit rating, but global asset manager Conning & Co., gives it a so-so No. 12 credit ranking in its latest State of the State report. For reasons not explained in the white paper, the Old Dominion fell from a No. 6 perch in…
-
A Market Alternative to Regulating Payday Lenders
by James A. Bacon As Chesterfield County continues to debate how extensively to restrict payday lending — a classic manifestation of the do-gooders’ proclivity for imposing their exquisite sensibilities upon the population through government coercion — it is nice to be reminded of a positive experiment to help Virginians with short-term lending needs. Under former…
-
It’s Not Your Grandfather’s White Suburb Anymore
—
by
in Business and Economy, Demographics, Economic development, Education (K-12), Electoral process, Energy, Environment, Federal issues, Government Finance, Housing, Immigration, Infrastructure, Labor and Workforce, Land use & Development, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Race and Race Relations, Regulations, Gov’t Oversight, Social Services and Entitlements, Transportation, Water-waste waterBy Peter Galuszka Virginia’s slow and steady color change from red to blue was underscored again in the Nov. 6 election with Barack Obama once again winning the Old Dominion. As Republicans lick their wounds, they may consider just how reliable GOP bastions of the state are changing and how that very neatly tracks trends…
-
Our Out-Of-Control Military
By Peter Galuszka Are we too in love with our military? Forgive the pun, given the resignation of CIA director and former Army general David Petraeus in a sex scandal. But it still needs to be asked given the decade-long gush of praise for men and women in uniform, many of whom have some Virginia…
-
Is Now the Time for a Carbon Tax?
By Peter Galuszka With the 2012 election decided, there seems to be some movement towards considering establishing a carbon tax to cut greenhouse gases and mitigate climate change. Despite the Kyoto Protocols of 1997, which the U.S. did not sign, and a slew of renewable energy projects in places such as Europe, there has been…
-
The Scary New World of Uneven Sea Water Levels
By Peter Galuszka Ten days later, New York City and parts of the New Jersey and New York coast are still reeling from Super Storm Sandy as yet another nor’easter packing 50 mile per hour winds approaches. Scientific evidence points out that sea level rises caused by melting polar icecaps caused, in turn, by climate…
-
President Barack Obama!
—
by
in Business and Economy, Children and Families, Consumer Protection, Courts and law, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Environment, Federal issues, Government Finance, Government workers and pensions, Gun rights, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, Transportation, Uncategorized, Water-waste waterBy Peter Galuszka President Barack Obama’s re-election and success with Virginia in Tuesday’s contest could provide a fresh opportunity to solidify more economic recovery than what have otherwise may have happened. It could be a real chance for bipartisan progress. Here’s my takeaway at 2:30 a.m.: Virginia has again shown that it is morphing into…
-
No Need for Question 1 on Eminent Domain
—
by
in Business and Economy, Courts and law, Crime, Corrections, Law Enforcement, Demographics, Economic development, Environment, Government Finance, Infrastructure, Labor and Workforce, Land use & Development, Money in politics, Planning, Poverty & income gap, Property rights, Regulations, Gov’t Oversight, Social Services and Entitlements, TaxesBy Peter Galuszka It hasn’t gotten a lot of attention during this campaign, but Virginia will decide Tuesday whether to go with an amendment resulting in the toughest law in the country regarding eminent domain. Virginia has a law already that requires fair market compensation for private property taken for “Public Good” such as building…
-
“The Bay,” The Chesapeake As Horror Movie
—
by
in Agriculture & forestry, Business and Economy, Consumer Protection, Demographics, Disasters and Disaster Preparedness, Economic development, Environment, Government Finance, Health Care, Infrastructure, Insurance, Labor and Workforce, Land use & Development, Property rights, Science & Technology, Water-waste waterBy Peter Galuszka Imagine you are enjoying a refreshing summertime swim in the Chesapeake Bay or one of the Rivahs. You feel great, but shortly afterwards, you become very ill. Before you know it, new forms of parasitic isopods are eating up your heart, lungs and kidneys. You are terrified, in great pain and you…
-
Good Riddance, Bill’s Barbecue!
By Peter Galuszka Hold the Texas Pete while I wipe away my tears. The Mitt Romney campaign is featuring a two minute video of Richmond’s venerable Bill’s Barbecue restaurant chain. The firm’s president, Rhoda Elliott, narrates the spot claiming that growing unemployment under President Obama was the reason for the demise of the chain which…
-
Celanese: The “War on Coal” Versus Reality
By Peter Galuszka The “War on Coal” has marched on Giles County and the propaganda is flying. Yet the problem is a bit more complicated. The latest skirmish involves a Celanese Acetate plant that makes products for cigarette filters and other items. The largest employer in the mountainous county, Celanese opened its chemical works on…
-
Sandy’s Subliminal Messages
—
by
in Business and Economy, Consumer Protection, Demographics, Disasters and Disaster Preparedness, Economic development, Environment, Federal issues, Government Finance, Infrastructure, Insurance, Media, Money in politics, Planning, Politics, Property rights, Public safety & health, Science & Technology, TransportationBy Peter Galuszka You have to love the Richmond Times-Dispatch. They never miss an opportunity to showcase their beloved Republican Gov. Robert F. McDonnell. As Hurricane Sandy approached, our intrepid governor was pictured everywhere: giving a statement about a state of emergency; looking very leader-like in a command center; appearing concerned as in this TD…