Contributing Factors, Part One
Today and tomorrow, as a part of the Antiplanner’s continuing series about the 2008 economic meltdown, I am going to look at many of the supposed causes of the crisis and show that, while some of them may have made the crisis worse, none of them were the ultimate cause of the crisis. In some […]
Federal Budget Outlook
Republican and Democratic responses to Standard & Poor’s negative outlook on the federal debt are so predictable they could have been scripted years ago. Democrats want to address the deficit by soaking the rich; Republicans want to cut supposedly vital programs such as Medicare and Planned Parenthood. The problem with soaking the rich, as economist […]
Dutch Superbus
Last fall, the Onion made fun of Obama’s high-speed rail plan with an alternative high-speed bus proposal. But Wubbo Ockels, a physicist and the first Dutch astronaut, wasn’t laughing. High-speed trains, Ockels says, are too slow and don’t go where people want to go. So he has designed and built a prototype electric-powered bus capable […]
A Crisis of Reserves
The Antiplanner continues to read recent books about the 2008 financial crisis, but there are definite diminishing returns. I just finished Roger Lowenstein‘s The End of Wall Street and found it disappointing. It covered almost exactly the same ground as Too Big to Fail, but unlike the latter book, which was based mainly on interviews, […]
Mixed Messages from Fortune Magazine
On March 29, Colin Barr, a Fortune magazine financial writer, argues in a blog post that “housing prices will keep falling.” Just two weeks later, the cover story of the April 11 Fortune proclaims the “return of real estate” and says “it’s time to buy again.” They can’t both be right: either Fortune magazine is […]
Back in the Air Again
The Antiplanner is in Washington DC today and tomorrow to participate in various meetings on transportation. Tomorrow (Friday), I’ll speak on Capitol Hill at a Cato forum on America’s transportation future. Alan Pisarski, the author of Commuting in America, will talk about the future of commuting. Clyde Hart of the American Bus Association will talk […]
High-Speed Rail Is Out of the Budget
Early Tuesday morning, Congressional leaders agreed on a 2011 budget package that zeros out funding for high-speed rail and rescinds $400 million in 2010 funding that remains unspent (transportation begins on p. 404). The package has the support of Senate Majority Leader Reid, House Speaker Boehner, and House Appropriations Committee Chair Hal Rogers. The budget […]
TriMet Tax Fraud
TriMet, Portland’s transit agency, gets about half its operating funds from a payroll tax. In 2004, this tax was 0.6218 percent, meaning employers had to pay TriMet $62.18 for every $10,000 they paid employees. Employees, other than the self-employed, are largely unaware of this since it is on top of pay, not a deduction from […]
Mesa Del Dolares
Saturday, the Antiplanner spoke in Damascus, Oregon, a rural community on the fringe of the Portland area that Metro planners have targeted to become a dense, New Urban city of 100,000. The residents of the area are none too happy about that and have been fighting it by passing initiatives preventing the city from cooperating […]
BLM’s Investment in Dishonesty
The Bureau of Land Management has always labored in the shadow of its sister agency, the National Park Service, and its cousin, the Forest Service. While the national parks are America’s “crown jewels” and the Forest Service represents the best (and worst) of the Progressive era, the BLM manages the federal lands left over after […]
The Ratings Game
Lots of groups have been blamed for the recent financial crisis, including the Federal Reserve, banks, and Congress for deregulating financial institutions by repealing the Glass-Steagall Act (which separated banks that accepted deposits from investment banks). One that deserves scrutiny is the ratings agencies–Moody’s, Standard & Poors, and Fitch–that gave AAA ratings to bonds made […]
U.S. Supreme Court Makes GOOD Decision for Education Tax Credits, Parental Choice
While vouchers were upheld by the U.S. Supreme Court in the landmark 2002 Zelman v Simmons-Harris decision, the April 4 ruling in Arizona Christian School Tuition Organization v. Winn strikes a further blow in favor of educational freedom through programs that give tax credits for scholarship donations. This is very GOOD news!
