Archive for June, 2013

Take Note Of The Middle East

I don’t blog on foreign policy but I  don’t discount the importance of world events nor their impact on economies. Events in Syria and throughout the Middle East are taking a decidedly ugly turn which could make the crash of 2008 look like a walk in the park. Walter Russell Mead has a moderately lengthy […]

Why Is New Home Construction Lagging?

This is what the National Association of Home Builders said yesterday: June 17, 2013 – Builder confidence in the market for newly-built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Any reading over 50 […]

Footnoting The CBO

Sentences that should never have been written: Good news for immigration reformers: The Congressional Budget Office has scored the Senate immigration bill and concluded it will cut deficits by $200 billion in the first 10 years and $700 billion in the second 10 years. I am for immigration reform as I have previously stated and suspect that […]

Munis And Jefferson County Alabama

Remember Jefferson County, Alabama, the county that embarked on a sewer renovation program which ultimately led to the largest government bankruptcy in US history. It’s a long story which is summarized here, but the bottom line is it involved a fair degree of larceny on the part of lobbyists and government officials as well as […]

Why Central Planning Always Fails

  Jeffrey Dorfman, an economics professor at the University of Georgia, has an entertaining article at Real Clear Markets which reprises the two basic arguments against government central planning. His thoughts aren’t new but in an age in which belief in the ability to solve every problem usually goes unchallenged it’s worth noting his arguments. […]

Few Are Concerned About PRISM

Saturday I wrote that the PRISM uproar had the lifespan of a weekend. Hardly one of my bolder predictions. Judging by this report from the Pew Research Center, the American public could care less. Not only are few people terribly interested but opinions on government spying seem to be driven more by party affiliation than […]

Apple Thinks Small

So this is what passes for game changing after Jobs? The Business Insider’s summary of Apple’s new iOS 7 operating system: Control Center: This menu appears when you swipe up from the bottom of your screen. It lets you control basic settings like WiFi, Bluetooth, and screen brightness. It even has a flashlight option. Multitasking: Now all […]