Economic Analysis

HICKS: Why the stimulus didn't stimulate enoughRestricted Content

October 16, 2010
Mike Hicks
The failure of the American Recovery and Reinvestment Act to deliver us from high unemployment will provide research grist for economists for decades to come.
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HICKS: Getting a driver's license in five not-so-easy steps

October 9, 2010
Mike Hicks
He had been previously licensed to drive an M1 Tank and various smaller-tracked and -wheeled vehicles. Obtaining an Indiana license, he thought, would be easy. It was not.
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HICKS: An inconvenient truth about teachers' unionsRestricted Content

October 2, 2010
Mike Hicks
From what I have seen and read, this documentary is destined to change radically our perception of schools, and those who stand in the way of fixing them.
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HICKS: The end of a recession doesn't feel like oneRestricted Content

September 25, 2010
Mike Hicks
It is good to look back on the recession and think about where we've been and how this recession stacked up against others.
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HICKS: Variables cloud business-location question

September 18, 2010
Mike Hicks
The problem is that the reasons for business-location decisions change from time to time.
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HICKS: Income tax debate looms over next election

September 11, 2010
Mike Hicks
The expiration of the Bush tax cuts this January will further slow the economy, perhaps deeply.
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HICKS: Trade unions strong when they work with biz

September 4, 2010
Mike Hicks
For labor unions to survive, they must follow the path of their more successful brethren in trade unions.
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HICKS: Good reads on America's automobile industry

August 21, 2010
Mike Hicks
If you'd like to satiate your interest in the domestic automobile market, may I recommend three fine books?
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HICKS: Expectations can't erase sluggish recoveryRestricted Content

August 14, 2010
Mike Hicks
While the economy continues to recover, the pace is agonizingly slow. The reasons for this are becoming clear.
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HICKS: What silly bands say about the value of things

August 7, 2010
Mike Hicks
There are economic lessons here. The most important is that the value of things is necessarily determined by what is known in econo-jargon as utility.
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HICKS: Twenty years later, the impact of Desert StormRestricted Content

July 31, 2010
Mike Hicks
Wartime familiarity should make us more tolerant of our differences and care more for one another's children.
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HICKS: What we can learn from forecasting blundersRestricted Content

July 24, 2010
Mike Hicks
It begs the question, just what should economists be expected to know and how should we explain it?
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HICKS: To spend or cut taxes, that is the questionRestricted Content

July 17, 2010
Mike Hicks
The stimulus and array of bailouts have thus far done little to boost the economy. Neither is there good evidence they kept things from getting worse.
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HICKS: A modest proposal: The SUN tax of 2010Restricted Content

July 10, 2010
Mike Hicks
The problem is that the tanning tax fails every single criterion of effective tax policy. It is narrow, easily avoided, suffers high administrative costs, and distorts consumer and producer behavior.
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HICKS: Town squares reflect forefathers' optimismRestricted Content

July 3, 2010
Mike Hicks
In my line of work, I travel to many small towns. One eccentricity I indulge in on these trips is to drive around town squares.
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HICKS: Roots of recession found in homes, stocksRestricted Content

June 26, 2010
Mike Hicks
When the Business Cycle Dating Committee of the National Bureau of Economic Research meets later this year or next, I believe they’ll say the recession hit bottom in June or July of 2009. Recessions end when the economy bottoms out.
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HICKS: Four recommendations for your reading listRestricted Content

June 19, 2010
Mike Hicks
Though I am no slave to fashion, summertime is a long occasion for the reading of good books.
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HICKS: Derivatives don't deserve their scary reputationRestricted Content

June 12, 2010
Mike Hicks
One major part of the legislation will target derivatives. This is an arena where the financial services industry does itself no good from a public relations sense.
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HICKS: State both good, bad in human-capital gameRestricted Content

June 5, 2010
Mike Hicks
Suppose we lived in a perfectly flat world that is a vast, featureless plain of identical square counties.
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HICKS: Memorial Day puts economics in perspectiveRestricted Content

May 29, 2010
Mike Hicks
the things that determine our ultimate prosperity and happiness are not the vacillations of markets.
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HICKS: State lucky to have community foundationsRestricted Content

May 22, 2010
Mike Hicks
A good community foundation knows when there is an unmet need. After faith-based organizations, nobody is closer to understanding immediate needs better than a strong community foundation.
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HICKS: Learn from Greece and live within your meansRestricted Content

May 15, 2010
Mike Hicks
Greece will enter a generation of austerity in which its best and brightest young people will leave for Europe or America.
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HICKS: Fear, not economics, drives immigration debateRestricted Content

May 8, 2010
Mike Hicks
Mexico is in the throes of a violent lawlessness that is spilling over into the United States. Dealing with this is neither racist nor unconstitutional.
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HICKS: Unemployment situation brings up questionsRestricted Content

April 24, 2010
Mike Hicks
Perhaps the biggest problem is in estimating who is in and not in the formal work force. Even in good times, a surprising number of workers labor in the shadow economy, invisible to government statisticians.
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HICKS: Good local governance will support schools

April 17, 2010
Mike Hicks
Reorganizing school districts is difficult, but we Hoosiers have done so before.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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