1. Chart of the Day. I haven’t reported on this lately, but the Traffic Volume Trend report was released today and moving 12-month average for total vehicle miles traveled in the US reached a new all-time in March of 3.06 trillion miles. In each of the last three months starting in January, the traffic volume (12-month average) was above the pre-recession peak of 3.04 trillion in November 2007 – the month before the recession started. The 261.7 billion miles traveled in March was the highest on record for that month, and the 720.1 billion miles for the first quarter of this year established a new record for traffic volume in Q1. The upward trend in traffic volume over the last year is likely from a combination of falling gas prices and an improving economy.
2. Markets in Everything. Californians get their drought-parched lawns spray painted green.
3. Regulatory Burdens I. In my recent IBD op-ed, I argue that “Regulations are Holding Back U.S. Energy Infrastructure Investments.”
4. Regulatory Burdens II. A new study calculates that the US economy would be nearly 10% bigger if just three cities — New York, San Jose, and San Francisco — had average land-use regulations. Source.
5. Walter Williams. “The bulk of today’s problems for many blacks are a result of politicians and civil rights organizations using government in the name of helping blacks when in fact they are serving the purposes of powerful interest groups.” Source.
6. Thomas Sowell. “One of the ways of fighting poverty, Obama proposed, was to ‘ask from society’s lottery winners’ that they make a ‘modest investment’ in government programs to help the poor. But the government does not ‘ask’ anything. It seizes what it wants by force. If you don’t pay up, it can take not only your paycheck, it can seize your bank account, put a lien on your home and/or put you in federal prison. So please don’t insult our intelligence by talking piously about ‘asking.'” Source.
7. Jason Riley. Asian-Americans, the “new Jews of Harvard admissions,” are rebelling over evidence that they are held to a much higher standard than blacks and Hispanics. Source.
8. A Modest Proposal from Roger Clegg. “Why don’t the NAACP and similar organizations take all the money they use to challenge and complain about the standards that their groups (in the aggregate) don’t meet when it comes to university admissions, selective high-school admissions, school discipline, mortgage loans, police and firefighter tests, felon disenfranchisement laws, employment policies that look at criminal records, etc., etc., and use that money to figure out ways to bring down the [72.3% black] illegitimacy rates that drive all these other disparities?” Source.
9. Paddy Power Odds for the Republican Nomination (source).
Jeb Bush: 15/8
Marco Rubio: 4/1
Scott Walker: 9/2
Rand Paul: 8/1
from AEI » Latest Content http://ift.tt/1BeI2tW
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