South Carolina lawmakers have undertaken reforms to address some of the serious issues with their state’s pension system, but major changes are still needed to prevent future budget problems. In 2012, the state increased employee and employer contribution rates for the South Carolina Retirement System (SCRS), the state’s public pension fund. The increase affected current members as well as new hires. The 2012 reforms also reduced the expected rate of return for pension investments and reduced the minimum cost-of-living benefit increase. In 2000 and 2002, the state created optional defined-contribution plans for existing and new state and local government employees and teachers.
Listening to the presumptive Republican and Democratic candidates for the White House, the average voter would think that international trade and investment is a zero sum game in which there is a “winner” and a “loser.” Their economic policy assumption is that other countries are gaining at the international trade game at the expense of the United States.
Mr. Trump has been castigated for saying that if the government goes bankrupt, he’d get creditors to accept less. That is standard operating procedure for businesses. Creditors make deals because something is better than nothing, and if a company is utterly destroyed, nothing is what they will get. They may complain, but unless they were actually defrauded, they voluntarily assumed a risk of loss, hoping to make a profit.
A study by the Global Warming Policy Foundation (GWPF) finds little evidence purported human-caused climate change is increasing the number or intensity of droughts or heatwaves in the United Kingdom or worldwide.
John Nothdurft and Donny Kendal bring you episode #31 of the In The Tank Podcast. This weekly podcast features (as always) interviews, debates, roundtable discussions, stories, and light-hearted segments on a variety of topics on the latest news. The show is available for download as part of the Heartland Daily Podcast every Friday. Today’s podcast features work from the R Street Institute, the Tax Foundation, ALEC, and The Heartland Institute.
TweetIt’s been an interesting couple of weeks on Capitol Hill from a climate policy perspective as Congress and the Obama administration traded body blows over the Presidents’ domestic and international[…]
Attendees to #COP21 will discuss how best to curb carbon emissions, but they should probably start with cancelling the conference. In just one week, delegates to the UN Climate Change conference will burn more than 300,000 tons of carbon dioxide, which they claim is the biggest contributor to “climate change.”
It turns out disposing of hydraulic fracturing wastewater may not be to blame for the earthquakes in Oklahoma after all. A new study conducted by seismologists from Stanford University confirms the widely held belief that injecting large volumes of fluid into underground disposal wells is likely responsible for most of the recent quakes in Oklahoma. The study also found the source of the vast majority of this fluid is unrelated to hydraulic fracturing.
We must “enter into dialogue with all people about our common home,” Pope Francis recently told the US Congress, frequently quoting from his Laudato Si encyclical. “We need a conversation which includes everyone, since the environmental challenge … and its human roots concern and affect us all.”
Sustainability issues have been at the center of public discussion in Ohio since 2014, when the state became the first in the nation to freeze its renewable energy mandate. Discussions of state mandates for wind and solar power and policies requiring the use of ethanol in fuels are common in statehouses around the country.
TweetBoth in the United States and internationally, some scientists and lawyers are advocating courts settle climate science disputes and punish climate skeptics. The Guardian (UK) reports Phillipe Sands, director of[…]
The picture, of course, is the pistol crossed out with a red line as seen above — the ubiquitous “No Gun” sign, otherwise known as a “Criminal Protection Zone.” The recruiting office in Chattanooga, TN, and the theaters in Aurora, CO and Lafayette, LA had signs similar to the above graphic, but exactly whom did they protect?
American “progressives” portray themselves as “forward-looking,” advocates of a higher and better freedom than the traditional American conception of liberty as freedom from government coercion and control. In fact, they are the intellectual great-grandchildren of the “reactionary” nineteenth century Imperial German “Iron Chancellor,” Otto von Bismarck.
Arguably the single most successful endeavor undertaken by Congress in the past 20 years was its effort to enact significant reform of the U.S. welfare system. Even greater success is possible, with simple steps that states can take to help millions of impoverished people transition from government dependency to the freedom and self-sufficiency provided by a high-quality job.
TweetIf you are a scientist, successful in getting published either in peer-reviewed professional journals or in the popular press research that would tend to undermine or at least raise doubts[…]
As we know – America’s media is for the most part decidedly Leftist, often befuddled and rarely right. So when they wade into an intricate issue like President Barack Obama’s Net Neutrality Internet power grab – we can only expect even more Leftism, befuddlement and wrongness.
The data may show Earth experienced its hottest year on record in 2014, but that would not be proof humans are causing global warming. It wouldn’t even prove the year was the hottest on record, or even particularly hot.