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Column: North Carolina has too much debt already

Thanks to the fiscally responsible policies of the North Carolina General Assembly, state government has some $5 billion in unspent funds and unanticipated revenues in its General Fund. And thanks to the fiscally irresponsible policies of Congress and the Biden administration, North Carolina will receive another $5.2 billion in “COVID-19 recovery” funds that will be borrowed from Chinese investors and other holders of federal treasuries. Gov. Roy Cooper and his aides have looked up at that towering, tottering mountain of one-time cash and taken its measure. They think it’s too small. So in the 2021-23 budget proposal he just released, the governor is recommending that North Carolina borrow another $4.6 billion for capital spending on schools, colleges, universities, museums, and other government facilities. Some of these projects are clearly worthwhile. Others are pork-barrel giveaways. Still others are somewhere in the middle — nice-to-haves, let’s say, th

Welcome To IANS Live - BUSINESS - Upstream producers continue to bleed as domestic gas prices remain low

Photo Credit: IANS IANSLive New Delhi, April 3 (IANS) Low natural gas prices have adversely impacted upstream producers revenues, profitability and cash accruals, ratings agency ICRA said. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 03-April-2021

Welcome To IANS Live - NATION - Cut-money culture, syndicate racket hindering Bengal s growth: Modi

Peace with Pakistan will give India direct access to Central Asia, says Imran Khan

India should make a move for peace, says Imran Khan Updated: Updated: Our only issue is basically over Kashmir, Pakistan PM says amid easing of tensions. Share Article Our only issue is basically over Kashmir, Pakistan PM says amid easing of tensions. Pitching for trade between Pakistan and its neighbours like India, Pakistan Prime Minister Imran Khan said that the entire region would benefit “if India makes a move, if the Kashmir issue is resolved”.   The comments came amidst signs of a possible easing in relations a month after Indian and Pakistani border commanders agreed to abide by a ceasefire, including a visit by the first sporting teams from Pakistan in years and talks on the Indus water treaty next week. Foreign Ministers of both countries have also been invited to the same regional conference on Afghanistan to be held in Dushanbe on March 30, which could be the first such opportunity for senior officials to meet since 2019.

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