Randam Ron Paulism
Question: As a doctor, is it meaningful to you when somebody say that healthcare is a right, or that people have a right to good medical care?
Ron Paul: That’s incorrect, because you don’t have a right to the fruits of somebody else’s labor. You don’t have a right to a house, you don’t have a right to a job, you don’t have a right to medical care. You have a right to your life, you have your right to your liberty, you have a right to keep what your earn. And that’s what produces prosperity. So you want equal justice. And this is not hard for me to argue, because if you really are compassionate and you care about people, the freer the society the more prosperous it is, and more likely that you are going to have medical care… When you turn it over to central economic planning, they’re bound to make mistake. The bureaucrats and the special interests and the Halliburtons are gonna make the money. Whether it’s war, or Katrina, these noncompetitive contracts, the bureaucrats make a lot of money and you end up with inefficiency.”
All Things Considered, NPR, July 25, 2007
Federal Reserve sees moderate improvements in regional economy
The Federal Beige Book was released Wednesday.
Reporter- Business First
The economy of the Federal Reserve’s
Eighth District, which includes the Louisville area, continues to expand at a modest pace, the Federal Reserve reports in its most recent Beige Book on economic conditions.
Home sales increased throughout the district on a year-over-year basis. May 2012 year-to-date home sales were up 15 percent in Louisville, 7 percent in Little Rock, 21 percent in Memphis and 19 percent in St. Louis.
Housing permits increased 45 percent in Louisville, 26 percent in Little Rock, 41 percent in Memphis and 25 percent in St. Louis.
Commercial and industrial real estate conditions also improved moderately, with a Louisville contact reporting strong leasing activity for premium office space in the city’s central business district. Office vacancy rates were mixed in other Louisville sub-markets, the report said.
Several manufacturers within the Eighth District reported plans to open plants and expand operations in the near future, especially in the auto, appliance, wall coverings, food, construction machinery, factory components and packaging industries.
Service industries that reported plans to expand and hire new workers included medical transportation, waste management and business support services. Industries in which firms planned to lay off workers included newspaper publishing, telecommunications, educational services and merchant transaction services.
General retailers have reported stronger sales recently and auto dealers have reported year-over-year increases in sales.
For the full report, click here.
Kevin Eigelbach covers these beats: Financial services, residential real estate, property and casualty insurance, construction, unions, engineers, architects, agriculture, South End, Southwest County, Bullitt County.
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