Steve H. Hanke is a Professor of Applied Economics at Johns Hopkins University in Baltimore and Senior Fellow at the Cato Institute in Washington, D.C., and writes frequently for Globe Asia and Forbes magazine. Professor Hanke starts off his "Hu versus Sarkozy" article (Globe Asia, November 2009) with a warning. ....more>>
Exactly who made Bernadine Shimon think that she could buy a new house shortly after declaring bankruptcy and losing another home to foreclosure? The American taxpayer, that’s who. Without a Federal Housing Administration willing to guarantee a $125,000-plus mortgage, this Denver-area schoolteacher’s recurring “dream of homeownership” could not come to pass. Shimon’s down payment was a tiny 3.5 percent.
It used to be, this time of year, that we would call out a little treeing squirrel dog and take him to the woods and rejoice when he treed one we could shoot there in the high timber just under the ridges that separated all the hollers in the lower end of Letcher County. And on a good day, my cousins and our good friends and I might harvest a dozen gray squirrels or even more than that for supper, like I think they’ll serve in real thick gravy in Heaven if we ever get there.
My internist told me he is now using the technique he learned many decades ago in the military, when supplies of vaccine were short and they had to split doses. I wouldn’t even think of asking. But I did ask my rheumatologist, since rheumatoid arthritis is one of those things that makes getting the flu worse. He would have been happy to give me a flu shot — I’m talking regular flu here, not the swine kind — but he was out.
hrough the hard work of interim city manager Jimmy Howard and finance director Mike Broyles, the Richmond city government and its citizens now have a realistic picture of the city’s financial crisis, but more importantly a clear and honest assessment of the challenges they must address to return the city to a healthy position.
Halloween is always a festive time of the year, especially when there are children around. The magic of the season lends itself to making memories for the young and the young at heart. Halloween’s arrival is usually greeted with cool, crisp evenings and an array of colorful leaves — and this year should be no exception. For weeks, many of us are consumed with carving pumpkins, decorating with fodder shocks and fall’s vegetables, attending costume parties, and, of course, trick-or-treating.
Pundits and politicians act as if government can solve almost any problem. At the slightest hint of trouble, the ruling class reflexively assumes that knowledgeable, wise and public-spirited government regulators are capable of riding to the rescue. This certainly is the guiding philosophy of the Obama administration.
Americans are harder workers, more philanthropic, individualistic, self-reliant, anti-government than people in most other countries. We’ve turned what was an 18th-century Third World nation into the freest and most prosperous nation in mankind’s entire history. Throughout our history,
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