August 8, 2017

3 Comments

Sketchy bank might owe you money

South Carolinians could be protected from Wells Fargo By ROBERT MEYEROWITZ Wells Fargo, the world’s second-largest bank, is facing scrutiny for its unsavory practices yet again, now by the Federal Reserve Bank of San Francisco — and this time it could affect South Carolinians who’ve had auto loans through the bank. Not so long ago Wells […]

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August 7, 2017

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See me after class

South Carolinians fall short on education, finance, wealth By ROBERT MEYEROWITZ South Carolina businesses are much more likely to be white-owned than businesses on average in the U.S., and less likely to be owned by women. Does that affect its prosperity? At the same time, businesses owned by men and by whites are more valuable […]

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August 4, 2017

7 Comments

Nowhere to run

Now we’re up a creek with Santee Cooper By HANNAH HILL When the multi-billion V.C. Summer nuclear reactor project was scrapped this week, the question on everyone’s mind was “Who’s going to pick up the tab for this?” SCANA, SCE&G’s parent corporation, wasted no time in asking the Public Service Commission’s permission to pass the […]

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August 2, 2017

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So your reactors are kaput. Now what?

There’s a big mess in Jenkinsville to unbuild By ROBERT MEYEROWITZ The announcement earlier this week that SCE&G and state-owned utility Santee Cooper were pulling the plug on construction of two nuclear reactors in Jenkinsville has left questions that keep multiplying. In the run-up to the decision, one factor driving it was that the partly-completed, […]

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August 1, 2017

17 Comments

Who pays for failed reactors?

Spoiler alert: probably you By ROBERT MEYEROWITZ Last week, as the planned construction of two nuclear reactors in South Carolina was enveloped in doubt following the bankruptcy of their contractor, Westinghouse, news came of another planned rate-hike by one of the project’s two partners, the government-owned utility Santee Cooper. Under the proposal, the Santee Cooper […]

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July 28, 2017

4 Comments

Picking produce — and winners

Not peachy-keen on tax-credit schemes By HANNAH HILL Tax credits can be some of the worst policies a government can pass. Taxes, as a rule, should be broad-based (everybody pays them) and low-rate (nobody pays much). Tax credits usually violate that principle – after all, tax cuts are different from tax favors. The former lowers […]

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July 26, 2017

9 Comments

Watching that gas-tax money

Comptroller says account will be online By ROBERT MEYEROWITZ Once the state gas tax increase went into effect on the first day of July, money began to flow from it and vehicle sales tax and registration fees through various state agencies to the State Treasurer, en route to… To where, precisely, is the question. The […]

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July 24, 2017

8 Comments

A huge hike to cover troubled nuclear reactors

Santee Cooper proposes raising residential rates by almost 10 percent By ROBERT MEYEROWITZ Santee Cooper, the state-owned utility, is notifying customers that it wants to raise its rates by more than 9 percent over the next several years, in part to cover “costs associated with nuclear construction.” The reference is to its share of the $11 […]

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July 21, 2017

8 Comments

Enough with the parting gifts

Consulting jobs for ex-agency heads are costly and unnecessary By ABBY NUGENT According to a contract obtained by the Post and Courier, the former head of the South Carolina Department of Health and Environmental Control, Catherine Templeton, accepted a contract with the agency just one day after she left her position in January of 2015. […]

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July 20, 2017

11 Comments

Why is electricity so expensive in South Carolina?

We pay more than any other state — but not all of us do By ROBERT MEYEROWITZ In a ranking of states by total energy costs, South Carolina is solidly in the middle, at 24th most expensive. When the costs of electricity, natural gas, motor fuel, and home heating oil are averaged and combined, state […]

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