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Economy

Knight Kiplinger’s Solution to the Economic Crisis (and America in General)

by Luke Landes

Knight Kiplinger is the editor in chief of Kiplinger’s Personal Finance magazine and Kiplinger.com, and in the November issue, he has published an editorial that gets to the core of what must be done to adapt to today’s economic reality. A link to the online edition of the article was sent to me by a […]

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The $700 Bailout Bill Proposed By the Senate is Not Good Enough

by Luke Landes

In the original version of this article, I was under the impression that the Senate had passed this bill already. It hasn’t; they have only just released the details to the public. A vote will come later. Over the weekend as I watched the Mets end a frustrating season with a disappointing final series, the […]

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Mark Cuban to Government: Show Us How the $700 Billion Will Be Spent

by Luke Landes

I swear I’m trying to write about topics other than the massive national bailout of the financial industry, but there always seems to be something interesting to say. Yesterday, it was Mark Cuban, owner of the Dallas Mavericks and chairman of HDNet who offered interesting insight. He suggested that the United States Treasury Department list […]

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$700 Billion to Bail Out the Financial Industry: Good Idea or Bad Idea?

by Luke Landes

Over the weekend, President Bush asked Congress to grant the United States Treasury Department the authority to purchase $700 billion in assets from troubled financial companies. The government would create a corporation, like 1933’s Home Owners’ Loan Corporation, to buy mortgage-backed securities at a discount and sell them later for a profit. This is by […]

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Fannie Mae and Freddie Mac Seized by the Government: Likely Results

by Luke Landes

Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation) are companies that buy mortgages from lenders. Those lenders, by selling loans to the companies, have more cash on hand to lend to other individuals. Fannie Mae and Freddie Mac then “repackage” the mortgages and sell them as securities […]

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Bottled Water? What Was I Thinking?

by Smithee

A few years ago, when I started paying attention to my diet, I found that drinking at least a liter of water a day kept my brain functioning better, and in the case of two liters a day, kept me from gaining weight. Where I was living, the tap water was unpalatable, so I made […]

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What is the Value of a Human Life?

by Luke Landes

When the Environmental Protection Agency decides which regulations to create and enforce, just like any business deciding to pursue a project, it runs a cost-benefit analysis. While typical businesses might compare the costs of obtaining equipment and paying salaries with the anticipated income from the project, the EPA has to consider grander variables. If the […]

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Gas Stations’ Profits Hurting: Should Congress Intervene?

by Luke Landes

A recent article on CNN Money described the woes of independent gas station owners. The increasing cost of a gallon of gasoline results in less profit thanks to the processing fees credit card companies charge the merchants. I can appreciate that doing business in this type of environment is tough. With gas prices soaring to […]

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Will a Gas Tax Holiday or Taxing Oil Companies Help the Economy?

by Luke Landes

To help Americans pay for the increasing price of a gallon of gas, Hillary Clinton is suggesting a suspension of the 18.4 cent per gallon tax on gasoline and 24.4 cent per gallon tax on diesel from Memorial Day through Labor Day while enacting a “windfall profits” tax on the oil companies which have been […]

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Treasury Secretary Henry Paulson Wants to Reform the Financial System

by Luke Landes

The Federal Reserve may soon become much more powerful if Treasury Secretary Henry Paulson has his way. Earlier today, he released the “Blueprint for a Modernized Financial Regulatory Structure,” which includes a number of recommendations designed to take power away from the U.S. Securities and Exchange Commission. Paulson’s recommendations The Federal Reserve should be able […]

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