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Jackson, Ryan[jackson.ryan@epa.gov] American Enterprise Institute Mon 10/23/2017 10:03:47 AM AEI Today: What the Fortune 500 teaches us about the free market
The lessons of creative destruction.
AEl's daily publication of independent research, insightful analysis, and scholarly debate
Reuters
What the Fortune 500 teaches us about the free market
Mark J. P
Eldeas
Only 12% of the Fortune 500 companies in 1955 were still on the list 62 years later in 2017, and more than 88% of the companies from 1955 have either gone bankrupt, merged with another firm, or still exist but have fallen from the top Fortune 500 companies. Many of the companies on the list in 1955 are unrecognizable, forgotten companies today. What lesson can be learned from this creative destruction?
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Finding the real value of college on future
Conventional wisdom holds that the surest path to labor-market success is through a bachelor's degree at a four-year college. While on average bachelor's degree holders earn more than those with sub baccalaureate credentials, student earnings vary widely based on the degree pursued, the major studied, and the school attended. Many associate degrees offer valuable routes into the middle class.
Decoding the
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president's health care executive order
.anairs
The executive order signed by President Donald Trump on October 12 directs the Departments of Health and Human Services, Labor, and Treasury to develop federal regulations that could allow new and less expensive health insurance options for employers and consumers. The executive order does not itself change any federal regulations. Instead, it sets into motion a policy development process that could lead to new regulations or regulatory guidance within the confines of current law.
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Sorting out who is right on energy
Energy Secretary Rick Perry recently proposed to the Federal Energy Regulatory Commission that it consider a system of direct ratepayer payments to baseload generators, in the form of cost recovery plus a rate of return for on-site ..... stockpiles of fuel. That would amount to an extra payment for coal and nuclear generators, assuming state regulators do not
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confiscate such payments by reducing allowed rates of return to other capital investment. According to Benjamin Zycher, this approach is problematic.
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