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Project MUSE - Gaining Ground


Focusing on ways that markets work with, rather than against, governments to enhance public welfare.
The optimal mix of market forces and government intervention to allocate resources is one of the longest-standing problems facing human civilization. At the theoretical extremes, resources in centrally planned economies are allocated by the government, while resources in capitalist economies are allocated by private markets. In practice, market forces and government interventions co-exist to allocate goods and services in a political environment with shifting pressures to give one approach more responsibility than the other.
Current public attitudes toward markets are at a low point in the wake of the Great Recession and the growth in income inequality that began in the 1970s. However, in this book, noted Brookings economist Clifford Winston argues that it is a serious mistake to overlook that markets will be a critical part of the solution to any public objective—whether ....

Clifford Winston , Great Recession , கிளிஃபோர்ட் வின்ஸ்டன் , நன்று மந்தநிலை ,

Towhey: Union Push for Increased Staffing At Odds With Green Goals of Expanded Rail


Jessica Towhey
It sounds like the setup to a bad joke: How many people does it take to crew a freight train?
But with the federal government wading into the debate, no one thinks it’s funny.
In 2019, the Federal Railroad Administration under former President Donald Trump issued a rule revoking a 2016 proposed regulation and enabling railroads and labor unions to determine staffing through collective bargaining. California, Nevada, and Washington states sued, claiming the rule would undermine rail safety. The Ninth Circuit Court of Appeals in February upheld a lower court’s order requiring two people in the cab, opining that the Trump rule was arbitrary. ....

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Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade


Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade
Reuters
3/21/2021
© Reuters/Ben Nelms
The Canadian Pacific railyard is pictured in Port Coquitlam.
By Nandakumar D, Ann Maria Shibu and Rebecca Spalding
(Reuters) - Canadian Pacific Railway Ltd agreed on Sunday to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pick-up in trade.
It would be the largest ever combination of North American railways by transaction value. It comes amid a recovery in supply chains that were disrupted by the COVID-19 pandemic, and follows the ratification of the US-Mexico-Canada Agreement (USMCA) last year that removed the threat of trade tensions that had escalated under former U.S. President Donald Trump. ....

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