Today’s Featured Story…
Reversing course in Illinois
The Chicago Tribune says: The most portentous election of 2014, which gave the worst-governed state its first Republican governor in 12 years, has initiated this century’s most intriguing political experiment. Illinois has favored Democratic presidential candidates by an average of 16 points in the last six elections. But by electing businessman Bruce Rauner , it initiated a process that might dismantle a form of governance that afflicts many states and municipalities.
Google Is Making Its Biggest Ever Bet on Renewable Energy
From Bloomberg Businessweek: Google Inc. is making its largest bet yet on renewable energy, a $300 million investment to support at least 25,000 SolarCity Corp. rooftop power plants.
Still The Most Expensive Regulation Of All Time
From the Illinois Manufacturers’ Association: A February 2015 study by NERA Economic Consulting and commissioned by the NAM, Economic Impacts of a 65 ppb National Ambient Air Quality Standard for Ozone reveals that a new ozone regulation from the Obama Administration could cost the economy $140 billion per year and place over one million jobs at risk.
Top forecaster says jobs data point to rate hike
From CNBC: The steady drop in the U.S. unemployment rate has set up a simple set of arithmetic that will lead to a Federal Reserve interest rate rise soon to ward off future inflation, according to the most accurate forecaster in Reuters polls last year. Jim O’Sullivan, chief U.S. economist at High Frequency Economics, isn’t yet completely convinced that Janet Yellen’s Fed will begin raising rates in June. But he says it’s only a matter of time before they will have to.
The Happiest And Unhappiest Jobs In 2015
From Forbes: School principal, executive chef and loan officer are probably not the three jobs that spring to mind when you think of the professions with the most cheerful and fulfilled workers. But they top a new list of the happiest and unhappiest jobs compiled by the online jobs site CareerBliss.
The POLITICO Caucus: Democrats ready — and impatient — for Hillary
From Politico: Hillary Clinton doesn’t seem to be in any hurry to launch her presidential campaign, but most Democratic insiders in key early states want her to jump in sooner rather than later. This week’s survey of The POLITICO Caucus — a bipartisan group of key activists, operatives and thought leaders in Iowa and New Hampshire — finds general consensus that the former secretary of state is wise not to rush into a race when she has no serious challenger and will have no problem raising money.
DHS shutdown threat dimming as House GOP proposes stopgap plan
From the Washington Post: House Republicans on Thursday presented a plan for a stopgap bill that would fund the Department of Homeland Security for three weeks, raising hopes of averting a looming shutdown of the agency.
Outside the Box…
Survey: 8 In 10 Americans Experienced A Financial Shock Last Year
From Forbes: Americans have little financial security and aspirations to upward mobility have eroded, as shown in a new report by the Pew Charitable Trusts, “Americans’ Financial Security: Perception and Reality.” “Our findings show that despite a steady economic recovery, many Americans continue to feel vulnerable,” said Erin Currier, director of Pew’s financial security and mobility project.