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Still Moving to Texas: The 2014 Metropolitan Population Estimates

Texas continues to dominate major metropolitan area growth. Among the 53 major metropolitan areas (with more than 1 million population), Texas cities occupied three of five top positions in population growth, and four of the top 10 (Figure 1). Other parts of the nation are adding population in large numbers as well. The six top 10 cities not in Texas were split evenly between the South and the Mountain West. In the South, Raleigh ranked third, Orlando ranked fourth and Nashville was eighth. Out...

Overhaul Public Pensions Now

Unless local and state governments act now, a tsunami of underfunded public pension plan obligations will soon rush ashore and drown taxpayers with tax hikes and crippling debt. According to State Budget Solutions, a nonpartisan public policy organization focusing on local and state budget issues, states’ total unfunded public pension liabilities reached $4.7 trillion in 2014, an increase of more than 14 percent since 2013. That puts each American citizen on the hook for an average of $14,156...

Book Review - The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order

Bitcoin is digital money for a digital age and although often associated in the public mind with instability, wild fluctuations and illicit dealings it could yet be poised to launch an economic revolution. Paul Vigna and Michael J. Casey, two long time Wall Street Journal business reporters attempt to cut through the hype and demystify crytocurrency, detailing its origins, its functions, where it could go and what it could do in their book The Age of Cryptocurrency: How Bitcoin...

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