Judge EPA Rebuke

By John Raby – Re-Blogged From AP

CHARLESTON, W.Va. (AP) — A judge has ordered federal regulators to quickly evaluate how many power plant and coal mining jobs are lost because of air pollution regulations.

U.S. District Judge John Preston Bailey in Wheeling made the ruling after reviewing a response from outgoing U.S. Environmental Protection Agency Administrator Gina McCarthy.

McCarthy had responded to the judge’s previous order in a lawsuit brought against her by Murray Energy Corp. that the EPA must start doing an analysis that it hadn’t done in decades.

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See No Evil: What We Chose to Ignore in the April Jobs Report

By Peter Schiff – Re-Blogged From http://www.europac.com

We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused. On the other hand, good news is spotted and trumpeted even when it doesn’t exist. An ideal illustration of this dangerous tendency towards collective selectivity came last week when the markets and the media somehow turned an awful employment report into an ideal data set that confirmed all optimism and contained nothing but good news for investors. In truth, it was anything but.

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The Business Cycle & Government

cropped-bob-shapiro.jpg   By Bob Shapiro

Sometimes, people make stupid choices.

Wait! Let me be more kind. Sometimes, people make choices which don’t work out as well as they had hoped.

You may have a passion for reproductions of historic horse and buggy rigs, and you decide to invest your life savings to open a plant to produce buggy whips. My expectation (I certainly can be mistaken myself) is that your venture won’t meet your profit hopes.

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20 States Raise Minimum Wage

Re-Blogged from www.CEI.Org By Ryan Young

The minimum wage is one of the most popular policies for fighting poverty, and proposed increases to it usually poll very well. The $7.25 per hour federal minimum wage hasn’t increased since 2009, so now many states are enacting their own minimum wage hikes. Twenty states are inaugurating 2015 with new increases.

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