The FairTax Rally

I attended a “Tax Day rally” today (Tuesday the 17th) here in Pensacola, Florida, sponsored by the local FairTax people. What was I, one who has written against the FairTax here, here, here, here, and here, doing at a FairTax rally? I received an e-mail from the “Community Coordinator for Americans for Fair Taxation” here in Pensacola.

The Mortgage Market Mess

This is not your father’s housing market, nor your grandfather’s, for that matter. For them, writes Chris Westley, steadily rising — but basically stable — home values seemed (more or less) a given. Recent news suggests that that situation may be a thing of the past. If 40 percent of the Alt-A market fails this year (as many estimate), financial markets will be looking at $1 trillion in defaults. That’s a lot of defaults, especially when you consider that the 1980s S&L crisis cost, by comparison, $150 billion (about $240 billion in today’s dollars) and is partly blamed for the 1990-91 recession.

Phone Cards, My Big Investment

I remember Mama. She was a shopper along with her other talents. And since baby sitters were beyond the means of middle class families of her era, she took the 6 year old who was to become me, along. Clinging to her discounted skirts, I caught the shopping bug. It was a life-long infection. I grabbed many a bargain in my career, but mainly I specialized in groceries; you know, two for one chicken pot pies, 99 cent round steak.

The Police Never Learn

It was Columbine-plus at Virginia Tech (NYT story), as the police proved themselves to be totally useless or worse. They interviewed suspects, secured the perimeter, ordered everyone not to move, and meanwhile and for two hours, apparently, the killer roamed free and started his rampage against forcibly unarmed students unguarded by forcibly unarmed teachers and administrators.

Now, Your Journey to the Dark Side is Complete

When the U.S. government initially brought an antitrust case against Microsoft in 1998 at the behest of competitors Netscape and Sun, beltway types marvelled that Microsoft did not even have a lobbyist in DC. Somehow this technology company had become a huge corporation without playing the usual political game. Well, Microsoft has matured. (I’ve been trying to figure out the odd usage of “matured” by statist political pundits.