Some of Michigan’s economic woes are pretty well outlined in an editorial in today’s OpinionJournal, “MoveOnOutofMichigan.org”.
It begins by noting a symbolically important defection:
Comerica Inc. was founded in 1849 in Detroit and the Detroit Tigers play in Comerica Park, but this week the bank holding company announced it is moving its headquarters to Dallas–where, it said, the bigger growth opportunities are. Consider it one more vote of confidence in the state the national expansion forgot, and especially in Michigan Governor Jennifer Granholm’s economic agenda.
Read the rest here.
With all this talk of health care reform this year, I couldn’t help but do some digging into the real aspects of the proposals. Ranging from the completely disruptive universal medical care plan from California Governor Arnold Schwarzenegger to the socialist-like plan from Senator Ted Kennedy (D-MA) in the 110th congress, health care is big on the agenda for 2007. I am afraid that if the policies proposed by Schwarzenegger and Kennedy are passed, future generations will witness a detrimental effect on our economy. Kennedy’s home state of Massachusetts, being the first state to provide universal health care to its citizens, has already seen negative aspects in regards to business and job creation.
Rev. Robert Sirico examines the nature of giving, which keeps us all so busy during this Christmas season. “Without exchange, without private property and a moral sense of its foundation, giving would be limited, impossible or morally dubious,” he writes.
In this week’s Acton Commentary, Anthony Bradley takes a look at the Spanish economy as it faces a “dilemma,” as he puts it, “simultaneously needing immigrants and seeking to curb them.” Bradley also notes that “institutions like marriage and family seem silly to many Spaniards.”
How can developing countries best compete in a global economy? Humberto Belli, president of Ave Maria College of the Americas in Nicaragua, points to the power of education and human resources. In many cases, poorer countries have a long way to go. “This imbalance in the development of human resources, if not corrected, will negatively impact many countries, impeding them from enjoying the benefits of globalization,” Belli writes.
Strong claims coming from Sam at the Philanthropy in Culture, Education, Entrepreneurship blog:
The Charity model does not work – Fact. Time to move on. Responsible, accountable, dignified, respectable investment will liberate the developing world. Inventing a new model for the philanthropic space is not necessary. There is one already in existence – the business model. Change comes about through those who are bold and fearless, constantly innovating on a daily basis, questioning, re-inventing out dated methodologies. Trends suggest partnerships between business and NGO, sharing expertise to deliver lasting, viable solutions – a potent combination.
I guess it depends on what you mean by “the charity model,” but this strikes me as a false dichotomy. Why not both vibrant charity and vigorous commercial investment? Or is that what Sam is arguing for?
Forbes passes along a ranking of the fifty states (plus the District) on the friendliness of fiscal policy toward small business (HT: The Entrepreneurial Mind), provided by the Small Business & Entrepreneurship Council (PDF).
Despite signs of a cooling economy, the Fed is holding the line on interest rates. And reason is fairly simple: Worries about inflation. While there are many good reasons for fiscal restraint in the face of the inflation threat, there are also larger moral issues at work, says Sam Gregg. Inflation strikes at the economy’s ability to assist people to achieve their full human potential. “Tough monetary policy is not just good economics,” Gregg writes. “It’s also an exercise in tough love – for all of us.”