State Budget

State pension fund lost money in 2020, pointing to higher costs ahead

BY E.J. McMAHON New York State’s biggest public pension fund lost money on its investments during the fiscal year that ended March 31—a completely unsurprising result, given the coronavirus crisis and its impact on financial markets in early spring. State


Republicans don’t make a case for regulating Big Tech

BY MARK JAMISON The recent House Judiciary Committee hearing featuring Big Tech CEOs from Amazon, Apple, Facebook, and Google turned into two hearings: one for Democrats, who largely want to control the companies’ business models and finances, and another for Republicans, who


COVID recovery must be approached with caution

BY PAUL H. KUPIEC Emergency lockdowns have been successful in keeping ICUs from being overwhelmed, but as the economy reopens, virus spread continues, generating recessionary pressure on the economy. There are at least two competing views on how the federal


The internet, COVID-19, and the open society

BY BRET SWANSON One promise of the internet was to lower barriers. It would obliterate the distance limitations of geography and the gatekeeping functions of big media, big business, big academia, and big government. At first, it did this through