A Market-Based Solution to California’s Water Shortage
California’s water crisis – and Governor Jerry Brown’s draconian response to it – could go a long way toward uniting middle class and elite urbanites in a revolt against political favoritism run amuck.
As Shikha Dalmia explains, “The best — and most sustainable — solution to California's water woes would be full-bore markets in which prices can rise and fall with supply and demand. Under such a system, depleting water reserves would have led to price increases long ago, producing an automatic incentive to conserve. More importantly, this would have clearly signaled growing scarcity, spurring new technologies for affordable water generation. All of this would have allowed consumers and businesses to make small adjustments over time without letting the shortage reach a crisis…[more]
This week, a federal judge in Oklahoma ruled that the IRS is violating the terms of ObamaCare by giving tax credits to people buying health plans through Healthcare.gov, the federally owned and operated insurance exchange.
The decision by Ronald A. White, a federal district judge, opens up a new front in the fight to weaken the controversial health law.
As written, the text of ObamaCare only makes subsidies – in this case tax credits – available to people purchasing health insurance on a state-based exchange. Critics of the law say that a straightforward application of the text means…
"'Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,' by Peter Schweizer -- a 186-page investigation of donations made to the Clinton Foundation by foreign entities -- is proving the most anticipated and feared book of a presidential cycle still in its infancy.The book, a copy of which was obtained by The New York Times, asserts that…[more]