Housing
Commentary
Californication – It’s a Sin
People frequently argue that California should be the model for the nation’s energy use, because it has managed to keep per capita energy consumption flat over the past couple of decades. Not so fast, says Tom Tanton of the Pacific Research Institute and the Institute for Energy Research. In a ...
Business & Economics
The Beginning of the Longevity Revolution
At last week’s Aging in America conference in Washington, attendees were greeted with multiple displays of technology aiming to help older people live better. A technological divide exists between the “oldest old” and the “recently old” baby boomers, but technologies developed for both groups may also be able to help ...
Business & Economics
Memo To The Fed: Stop Those Rate Cuts
The markets rallied last Tuesday in response to the Fed’s growing assistance to holders of mortgage-backed securities. Yet many onlookers are convinced that an aggressive cut in the federal funds rate at the upcoming March 18 meeting is still necessary to avoid a painful recession. In our view, further loosening ...
Business & Economics
Making the Mortgage Mess Worse
Recently the Bush administration unveiled a plan for homeowners facing foreclosure to receive a 30-day reprieve from their creditors. This might come as welcome news in Sacramento where a jaw-dropping 46 percent of December sales were foreclosed homes. Unfortunately, the latest plan-as well as earlier government ideas to freeze rate ...
Business & Economics
Fed Was `Premature’ to Cut Rates, Former Central Banker Says
Jan. 22 (Bloomberg) — The Federal Reserve was too quick to reduce interest rates today in an emergency move after global stock markets tumbled, a former Fed president said. “It strikes me as very premature,” Lee Hoskins, former president of the Cleveland Fed, said in an interview after the central ...
Business & Economics
The Fed Painted Into a Keynesian Corner
Although one sympathizes with Ben Bernanke—after all, it wasn’t his fault that Greenspan handed him an economy rigged with ticking housing and mortgage bombs—the harsh reality is that the Federal Reserve can’t create prosperity. Strip away all the pomp and glamour of “open market operations” and the like, and we’re ...
Californication – It’s a Sin
People frequently argue that California should be the model for the nation’s energy use, because it has managed to keep per capita energy consumption flat over the past couple of decades. Not so fast, says Tom Tanton of the Pacific Research Institute and the Institute for Energy Research. In a ...
The Beginning of the Longevity Revolution
At last week’s Aging in America conference in Washington, attendees were greeted with multiple displays of technology aiming to help older people live better. A technological divide exists between the “oldest old” and the “recently old” baby boomers, but technologies developed for both groups may also be able to help ...
Memo To The Fed: Stop Those Rate Cuts
The markets rallied last Tuesday in response to the Fed’s growing assistance to holders of mortgage-backed securities. Yet many onlookers are convinced that an aggressive cut in the federal funds rate at the upcoming March 18 meeting is still necessary to avoid a painful recession. In our view, further loosening ...
Making the Mortgage Mess Worse
Recently the Bush administration unveiled a plan for homeowners facing foreclosure to receive a 30-day reprieve from their creditors. This might come as welcome news in Sacramento where a jaw-dropping 46 percent of December sales were foreclosed homes. Unfortunately, the latest plan-as well as earlier government ideas to freeze rate ...
Fed Was `Premature’ to Cut Rates, Former Central Banker Says
Jan. 22 (Bloomberg) — The Federal Reserve was too quick to reduce interest rates today in an emergency move after global stock markets tumbled, a former Fed president said. “It strikes me as very premature,” Lee Hoskins, former president of the Cleveland Fed, said in an interview after the central ...
The Fed Painted Into a Keynesian Corner
Although one sympathizes with Ben Bernanke—after all, it wasn’t his fault that Greenspan handed him an economy rigged with ticking housing and mortgage bombs—the harsh reality is that the Federal Reserve can’t create prosperity. Strip away all the pomp and glamour of “open market operations” and the like, and we’re ...
