Category: Government workers and pensions
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Questions about Bidding War for FBI HQ
There’s a bidding war between Virginia and Maryland to snag a planned, 2.1 million-square-foot Federal Bureau of Investigation headquarters campus. Maryland Governor Larry Hogan is in for $317 million in state and local funds, according to the Washington Business Journal. Governor Terry McAuliffe is in for $120 million. In both cases most of the money would…
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How Not to Run a City
The bad news just keeps getting worse for the City of Richmond: An audit released yesterday of 98,000 transactions valued at $2 billion found significant delays to vendors, insufficient and inconsistent documentation and unrecorded wire transfers, the Richmond Times-Dispatch reports. That report was presented alongside a second report, an assessment of Richmond’s fiscal sustainability that…
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FY 2016 Budget Outlook: Surprisingly Fragile
The stock market correction has frightened the bejeebers out of investors large and small — and it ought to frighten the bejeebers out of state and local governments, too. As John Rubino, publisher of DollarCollapse.com, noted yesterday, falling stock prices will reduce the capital gains that have been fueling rising income tax revenues for state…
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The Ironies of Virginia's Growing Diversity
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in Business and Economy, Demographics, Economic development, Education (higher ed), Education (K-12), Electoral process, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, Immigration, Infrastructure, Labor and Workforce, Media, Money in politics, Politics, Poverty & income gap, Race and Race Relations, Regulations, Gov’t Oversight, UncategorizedBy Peter Galuszka Suddenly immigration is popping up as a major issue in Virginia and the nation. Virginia Beach has been dubbed a “sanctuary city” for undocumented aliens by Fox News and conservative Websites. GOP presidential hopeful Donald Trump is scarfing up poll number hikes by calling Mexicans trying to enter the U.S. illegally “rapists”…
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The Ironies of Virginia’s Growing Diversity
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in Business and Economy, Demographics, Economic development, Education (higher ed), Education (K-12), Electoral process, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, Immigration, Infrastructure, Labor and Workforce, Media, Money in politics, Politics, Poverty & income gap, Race and Race Relations, Regulations, Gov’t Oversight, UncategorizedBy Peter Galuszka Suddenly immigration is popping up as a major issue in Virginia and the nation. Virginia Beach has been dubbed a “sanctuary city” for undocumented aliens by Fox News and conservative Websites. GOP presidential hopeful Donald Trump is scarfing up poll number hikes by calling Mexicans trying to enter the U.S. illegally “rapists”…
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The Boston Globe Visits Richmond
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in Business and Economy, Economic development, Education (higher ed), Electoral process, Entrepreneurs and Innovation, Environment, Federal issues, Government workers and pensions, Infrastructure, Labor and Workforce, Land use & Development, Politics, Poverty & income gap, Property rights, Race and Race RelationsBy Peter Galuszka An outside view is always welcome, especially in these incredible days when a lot of Southern mythology is being turned on its head. Richmond is a great locus for the examination given its tortured history. The former Capital of the Confederacy (more by accident than anything else) is a true crucible. The…
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Is NoVa over the Job Hump?
There has been considerable wailing and gnashing of teeth over the abrupt halt in economic growth in Northern Virginia due to sequestration-mandated cutbacks in defense spending and other federal government programs. My fellow Bacon’s Rebellion bloggers and I have led the wailing chorus. Indeed, Don Rippert engaged in some ferocious teeth gnashing in a post this morning.…
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Tobacco Commission: Six of Eight Projects Fail
By Peter Galuszka Down Danville way, of eight companies that have received money from the Tobacco Region Opportunity Fund (the old, embattled tobacco commission) only two have managed to fulfill contractual obligations to create jobs and help the local economy. According to a report by Vicky M. Cruz in the Danville Register & Bee, the…
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Who Are the Real Fiscal Conservatives?
Paul Volcker is one of the real heroes of the modern economic profession. During the late 1970’s and early 1980’s he conquered the “Great Inflation” by taming the growth of the money supply. Interest rates rose to levels unprecedented in modern American history. During my time in charge of cash management at AIG, I bought…
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New Film Documents Horrors of Coal Mining
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in Business and Economy, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Environment, Government workers and pensions, Health Care, Housing, Infrastructure, Insurance, Labor and Workforce, Land use & Development, 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, UncategorizedBy Peter Galuszka Several years in the making, “Blood on the Mountain” has finally premiered in New York City. The documentary examines the cycle of exploitation of people and environment by West Virginia’s coal industry highlighting Massey Energy, a coal firm that was based in Richmond. The final cut of the film was released publicly…
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The Parental Backlash Against SOL Tests
By Peter Galuszka Although their numbers are small, more Virginia parents are refusing to have their children take the state’s Standards of Learning tests, saying that test preparation takes away from true education. In the 2013 -14 school year, 681 SOL tests were coded as parent refusals out of the nearly three million given, with…
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Private Immigrant Jail May Face Woes
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in Business and Economy, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Entrepreneurs and Innovation, Federal issues, Government workers and pensions, Immigration, Infrastructure, Labor and Workforce, Media, Money in politics, Planning, Politics, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Social Services and Entitlements, TaxesBy Peter Galuszka Privatization in Virginia has been a buzzword for years among both parties. In this tax-averse state, contracting off public functions is seen as a wise and worthy approach. But then you get debacles such as the U.S. 460 highway project. And now, you might have one brewing down in Farmville. The small…
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Dave Brat’s Bizarre Statements
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in Business and Economy, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Entrepreneurs and Innovation, 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, Resilience, Science & Technology, Social Services and Entitlements, Taxes, TransportationBy Peter Galuszka Almost a year ago, Dave Brat, an obscure economics professor at Randolph- Macon College, made national headlines when he defeated Eric Cantor, the powerful House Majority Leader, in the 7th District Republican primary. Brat’s victory was regarded as a sensation since it showed how the GOP was splintered between Main Street traditionalists…
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Beware Stalling Growth in Northern Virginia
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in Business and Economy, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, 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, Science & Technology, Social Services and Entitlements, Taxes, TransportationBy Peter Galuszka For at least a half a century, Fairfax County, Alexandria and Arlington County have been a growth engine that that has reshaped how things are in the Greater Washington area as well as the Old Dominion. But now, apparently for the first time ever, these Northern Virginia localities have stopped growing, according…
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Amateur Hour at the General Assembly
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in Business and Economy, Demographics, Economic development, Education (higher ed), Education (K-12), Electoral process, Entrepreneurs and Innovation, Environment, 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, Property rights, Race and Race Relations, Regulations, Gov’t Oversight, Resilience, Science & Technology, Social Services and Entitlements, TaxesBy Peter Galuszka If you are an ordinary Virginian with deep concerns about how the General Assembly passes laws that impact you greatly, you are pretty much out of luck. That’s the conclusion of a study by Transparency Virginia, an informal coalition of non-profit public interest groups in a report released this week. Their findings …