Illinois has joined the rest of the country’s 50 states by removing its ban on the concealed carry of firearms. Democratic Gov. Pat Quinn vetoed the bill but was overridden by a three-fifths vote from the state legislature. The Wall Street Journal has it here: “It’s a historic day for gun owners, and for the […]
Markets Reflect Weak-Kneed Politicians
Bond prices are reflecting the lack of discipline by politicians. What a surprise. As Martin Feldstein points out in The Financial Times: The eurozone periphery is on a risky path to end fiscal austerity and accept larger budget deficits. Portugal is the most recent dramatic shift in that direction; Italy, Spain and even France are also abandoning […]
Faking the World a Better Place
Maybe Generation-G for “guilt” should focus more on their own productivity, or lack thereof, rather than trying to “make the world a better place” with other people’s money. Andy Kessler writes in The Wall Street Journal: Passing through the San Francisco airport recently, I ran into a couple I know who were waiting to pick […]
Fortifying Your Garage
What’s the downside of having a bike in the garage? Mine comes in handy when the summer traffic creates grid-lock in the narrow streets of Newport, RI. It’s a cheap way to travel too. Tom Vanderbilt writes in The Wall Street Journal about cargo bikes. ON A RECENT SUNDAY, Brandon Jones, a 44-year-old fund manager […]
Obama’s Energy Defeatism
Pete Du Pont explains in The Wall Street Journal that human ingenuity will beat defeatism from the left, including President Obama who tries to scare Americans with dire energy prophesies. While fossil fuels will be our primary energy sources for several decades, we need progress in renewables so they can eventually supplant today’s fossil fuels. […]
Obama Can’t Lower Unemployment
The failed policies of President Obama are nowhere more visible than in the persistently high unemployment rates, which today, nearly four and half years after his inauguration, is still at 7.6%. Matt Berman details the report at National Journal. Not everything is perfect, of course: 7.6 percent unemployment is still rather dreary, and the number […]
The Politics of Pension Reform
Forbes columnist, former federal securities lawyer, and investment banker Edward “Ted” Siedle has been critical of Rhode Island pension reform. But then he goes and does this: In an online column for Forbes on April 4, Siedle blasted Raimondo for dramatically increasing both risk and fees by steering a sizable chunk of Rhode Island’s $7-billion state pension […]
Rough Quarter for Asia
The Bank of Japan is pushing on a string and the fast money has headed for the exits in Asia. The Wall Street Journal has the quarterly numbers here. Asian stocks suffered heavy losses in the last weeks of the second quarter as doubts about central bank action from the U.S. to China unnerved emerging-market […]
How to Freeze the Economy
Obama is back to his old climate-change game. It’s a non-starter according to Stephen Moore of The Wall Street Journal: President Obama’s climate speech on Tuesday was supposed to be the first stage of a political recovery after weeks of nonstop White House scandal. But Republicans immediately seized on the regulatory blitz as a political […]
Dodd-Frank’s Unfair Housing Rules
Anyone who has tried to refinance their home or buy a house knows all about the hoops you need to jump through today for banks. It’s only going to get worse. Frank Keating, former governor of Oklahoma and HUD general counsel, is president and CEO of the American Bankers Association. He writes the following in […]
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