The World Wide Web: 25 Years Later

This year marks the 25th anniversary of the World Wide Web since its initial proposal by Sir Tim Berners-Lee in 1989, prompting the Pew Research Center to release its latest report, entitled The Web at 25 in the U.S. The report looks at a combination of objective metrics for Internet … »

NYC Mayor Rescinds Space-sharing Agreement for Three Charter Schools

Newly-elected New York City Mayor Bill de Blasio announced last week that space-sharing agreements for three New York City charter schools have been rescinded. This decision marks an abrupt change from de Blasio’s charter-friendly predecessor, Michael Bloomberg, who helped create a supportive environment for publicly funded charter schools and was … »

Pension Expert: Local Pennsylvania Downgrades Lurk

With new accounting rules looming, states and municipalities are beginning to realize that their unfunded pension liabilities are much more severe than they had previously estimated. Defined-benefit pension plans, the standard for government employees, have wreaked havoc on state and local budgets for years. Unrealistic assumptions about the rate of … »

Tennessee Considers Eliminating Hall Tax

Tennessee policymakers are considering the repeal or “localization” of the Hall Tax, a tax on investment income (interest, dividends, and capital gains). The legislature is correct to consider this a pro-growth tax reform proposal. The Hall Tax, like all taxes on investment income, takes in little revenue while creating huge … »