No Man's Lands: Puzzle #117
"'The Illiad' setting"
Economic Development
Why Does Cairo Have So Many Unfinished Buildings? Blame Egyptian Property Tax.
At first, Cairo looks as if someone pressed pause on the city mid-construction.
Over 300 Workers Return to South Korea After Immigration Raid, but Damage to Trade Relations Is Already Done
“As things stand now,” South Korean President Lee Jae Myun said, “our businesses will hesitate to make direct investments in the United States.”
Film Subsidies Weren't Enough To Keep Marvel in Georgia
Studios certainly appreciate free money, but lower fixed costs on labor are a much better incentive than tax credits they don't use.
Trump Should Kill Commanders Stadium Deal, but Not Because of the Team's Name
If Trump kills the deal over the team changing its name, he'd be doing the right thing but in perhaps the most corrupt possible way.
Obama Adviser Jason Furman on Biden, Neoliberalism, and Keynesian Economics
"I would love an intellectual ecosystem in economics that was more ideologically balanced than what we have now," the Harvard professor tells Reason.
New Jersey Business Owners Sue City of Perth Amboy Over Bogus Blight Designation
Two business owners are suing the city of Perth Amboy for using eminent domain to seize their property based on unsubstantiated allegations of blight.
Missouri Town Wants To Seize Local Businesses Over Chipped Paint and Cracked Sidewalks
Brentwood business owners are challenging the city’s definition of blight in an ongoing lawsuit against city officials' use of the dubious designation to invoke eminent domain.
Supreme Court Can Protect Property Owners From Eminent Domain Abuse
A Utica, New York, land grab offers the justices an opportunity to revisit a widely criticized precedent.
Liverpool Lost Its U.N. World Heritage Status. Now It's Thriving.
The English city protects its historical sites while embracing growth and redevelopment.
The Government Took a Developer's Land and Gave It to a Competitor. In New York, That's Business As Usual.
The case gives the Supreme Court an opportunity to revisit a widely reviled decision that invited such eminent domain abuses.
Amazon Warehouses Benefit Local Economies, Study Finds
The newly published paper found that Amazon's entry in a metro area led to increases in wages, jobs, and home values.
The 'Degrowth' Mentality Promises a World of Poverty and Misery
Market-based economies create incentives that unleash human creativity and provide incredible abundance.
No Prosperity Without Economic and Political Liberty
Three American economists win Nobel Economics Prize for showing how free markets and democratic governance engender prosperity.
N.J. Businessman Indicted for Sopranos-Style Economic Development Racket
George Norcross III's alleged actions are almost cartoonishly corrupt. But for economic development programs, it's not too far off from business as usual.
These New York Agencies Benefit From Giving Away Taxpayer Money
A report from Good Jobs First found that 80 percent of state development agency revenue comes from fees: The more tax money they give out, the more they get to keep.
Michigan Is Spending Millions Trying To Refurbish a Ski-Flying Hill. It's Not Working.
Copper Peak revitalization was pitched as an economic development project for the Upper Peninsula, which already has two working ski jumps.
Will Outdoor Recreation Save Appalachia?
Smokestack-chasing is out. A diversified economy based on environmental protection is in. But will it work?
Study Funded by Shell Convinced Pennsylvania To Give Shell $1.6 Billion Tax Break
The tax credits currently rank as the largest subsidy in state history.
St. Louis Schools Lost $260 Million to Economic Development Subsidies
According to a report from Good Jobs First, St. Louis' public schools took the brunt of the loss at nearly 65 percent of the total.
State Governments Promised Private Companies More than $10 Billion in Subsidies Last Year
The statistic, compiled by watchdog group Good Jobs First, only takes into account "megadeals" involving at least $50 million in subsidies.
G.M. To Lay Off 1,300 Michigan Workers Despite $824 Million in State Incentives
The bulk of the employees may be able to find work elsewhere within the company, but the state could still be on the hook for the promised cash.
Michigan Lawmakers Signed Nondisclosure Agreements, Can't Discuss Corporate Welfare Scheme
If states insist upon giving away taxpayer money to private companies, the least they can offer in return is transparency.
Johan Norberg: Why We Need a Capitalist Manifesto
Q&A with the author of the book Elon Musk calls "an excellent explanation of why capitalism is not just successful, but morally right."
Taxpayers Will Pay at Least $600 Million for Tampa Bay's New Baseball Stadium
But will it solve the team's attendance woes? Probably not.
Baltimore Orioles Owners Demand Even More Unnecessary Taxpayer Money
Apparently $600 million to improve a very nice stadium isn’t enough.
Was the Radical Left Correct About the IMF and World Bank?
Alex Gladstein on how "monetary colonialism" has crippled the Third World
Voters Put Arizona Coyotes' Arena Project on Ice
A good example of why so few stadium deals end up on the ballot.
States Spend Billions on Economic Development Deals With Little Return
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
The Zoning Theory of Everything
Land use policies explain the battles over everything from the Great Recession to abortion to Donald Trump.
What the U.S. Should Learn From China's Population Decline
The U.S. remains the top destination for the world's immigrants—but it must be careful not to squander its immigration advantage.
Free Market Think Tank Names Georgia Electric Vehicle Plant the 'Worst Economic Development Deal of 2022'
Rivian, an electric truck manufacturer that hopes to compete with Tesla, received a lucrative deal to build a new factory in Georgia despite concerns about its finances.
Review: Try and Fail To Build a Virtual City in Sim Nimby
Eventually the player realizes nothing is getting built and quits.
Biden's 'Made In America' Plan Is Bullying Homeowners Off Their Land to Build a Taxpayer-Subsidized Chip Plant
The president has touted a factory jobs boom. In practice, that means forcing people out of their homes to benefit corporate projects that rely on billions of dollars of subsidies.
Neighbors Won't Let Decaying L.A. French Restaurant Die, Despite Owner's Wishes
Cruel NIMBYism hides in call for historic preservation.
Africa Tries Free Trade
Liberal ideas are beginning to gain traction on the world's poorest continent.
Wisconsin's Foxconn Boondoggle Looks Worse Than Ever
President Donald Trump and Gov. Scott Walker promised thousands of jobs in return for billions of dollars in subsidies from the state. More than two years later, there's little to show for it.
Cato Unbound Symposium on the 50th Anniversary of Albert Hirschman's Classic Book "Exit, Voice, and Loyalty" [Updated]
The symposium includes contributions by Adam Thierer, Mikayla Novak, Max Borders, and myself. The relationship between exit and voice is as important an issue as ever.
When Businesses Die, Bringing Back Their Services Won't Always Be Possible
Event production is one of the less visible victims of the virus. Recreating their services when such companies die won't be easy.
Wisconsin's Massive Foxconn Boondoggle Is Getting Worse
The Taiwan-based tech company promised to open "innovation centers" in several cities around the state. But now those are on hold, too.
California Might Resurrect Redevelopment Agencies That Were Wasteful Exercises in Corporate Welfare
Milton Friedman famously observed that "nothing is so permanent as a temporary government program." The rare demise of a government program, it seems, is temporary too.
