Economy

The world of inducement

The world of inducement

Governments at every level routinely offer consequential incentives to induce businesses to locate in the jurisdictions they favor. The premise is that these businesses will hire workers and help local economies. Sometimes these inducements pay off. Often they don’t.

Viking victory

Viking victory

Twenty months into its Hudson Valley venture, the Norwegian Air’s business strategy at Stewart Airport appears to be increasingly successful. It is continuing to demonstrate that despite its location at an airport 65 miles north of New York City it can fill its planes for flights to and from Ireland and Scotland with paying discount passengers.

The rich get richer

The rich get richer

In Matthew 13:12 Jesus said: “For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away even that he hath.” He could have been describing the American economy of the last few decades.