BusinessWeek has a great article about the desperate need for more technicians in the wind power industry. These are excellent jobs and more students are flocking to this field as more colleges and community colleges add programs.
It’s another small example of how we will benefit economically by adding more green power instead of sending dollars overseas for oil.
The effects of the mortage crisis are becoming more dire. A suburb of Cleveland is practically turning into a ghost town.
This is what happens when the government refuses to consider common-sense regulation of business. Everyone knew that mortgage bankers were getting out of control, but the federal government did nothing. It’s similar to the situation in the 1980’s when we had the savings and loan crisis.
You know things are getting bad when a $3 billion casino project on the Las Vegas strip faces forclosure.
Steve Forbes has been saying this for years. The Bush administration’s failure to aggressively support the dollar has created serious economic problems.
The dumbest, most destructive economic policy of the Bush Administration has been its weak-dollar position–letting the dollar slide in value against the euro, the yen, the pound and gold. The repeatedly disproved theory in operation here is that cheapening your currency will improve your trade balance and that an improved trade balance makes your economy stronger and wealthier. Put aside the meaninglessness of the trade balance as a measure of economic health or sickness–the U.S., after all, has had a trade deficit with the rest of the world for 350 years out of the last 400. A weak-currency policy has disastrous economic and political consequences–most immediately, our tumultuous equity markets.
The entire article is worth reading. He even acknowledges that Clinton deserves credit for his strong-dollar policy.
Add George Will to the growing list of commentators who are ridiculing the new law passed by the Republican Congress to limit online gambling. Will calls it “Prohibition II” and argues that we need to fight excessive paternalism by the government.
Granted, some people gamble too much. And some people eat too many cheeseburgers. But who wants to live in a society that protects the weak-willed by criminalizing cheeseburgers? Besides, the problems—frequently exaggerated—of criminal involvement in gambling, and of underage and addictive gamblers, can be best dealt with by legalization and regulation utilizing new software solutions. Furthermore, taxation of online poker and other gambling could generate billions for governments.
We need a new movement to keep the government out of our lives. Following the Terry Schiavo fiasco, many liberals have rediscovered the notion that too much intervention by the government can be a very bad thing. Libertarian conservatives like George Will are taking on the cultural conservatives on these issues. Unfortunately, many of our politicians on the right and the left still don’t seem to get it. Perhaps this stupid law can help. By pissing off the legions of poker players and other normal Americans who like to bet online, the politicians who want to control our lives might have finally gone too far.
I’m hoping more politicians on the left and the right pick up on this trend.
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