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Daily Archives: August 28th, 2014

Restriction Could Have Suppressed Bidding

Thursday, August 28, 2014

In today’s Coast Star story, Mayor Doherty dismisses claims by Councilman Bean and former mayor Pringle that the provision in our bidding laws that requires bidders to participate in a state approved union apprenticeship program or pay journeyman’s wages was a factor in the 70% drop in the number of bidders on the second set of pavilion […]

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What Does That have To Do With It?

Thursday, August 28, 2014

The mayor’s defense, published in today’s Coast Star, of the requirement that contractors participate in a union apprenticeship program or pay “journeyman’s” wages, which are higher than the required “prevailing” wages: The language modification came about, according to Mayor Doherty, after a contractor turned in payroll records that did not match those kept by the borough. […]

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Cheap Money Causes Bad Investments

Thursday, August 28, 2014

Adherents of the Austrian school of economic thought, such as myself, have been saying for some time that we’re in a stock market bubble and that when it pops there will be a lot of pain.  Now some in the mainstream are starting to say the same thing, even on CNBC: I don’t know if […]

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