In the Public Interest
On February 10, 1999, a little 26 month old boy, Nels Stumo, returned home from the hospital with his parents. “Out,” Nels urged his mother to take him for a walk outside. Returning inside five minutes later, he said “Sit,” and his mother laid him down on the living room couch. “Water,” he asked his…
Read MoreI’m going to go out on a limb here and suggest that April 15th of each year be designated Taxpayer Appreciation Day, a day when corporations receiving taxpayer subsidies, bailouts, and other forms of corporate welfare can express their thanks to the citizens who provide them. Though it may not be evident, quite a few…
Read MoreI’m going to go out on a limb here and suggest that April 15th of each year be designated Taxpayer Appreciation Day, a day when corporations receiving taxpayer subsidies, bailouts, and other forms of corporate welfare can express their thanks to the citizens who provide them. Though it may not be evident, quite a few…
Read MoreThe Federal Reserve — already one of the most powerful and least accountable entities in the federal government — is about to become even more powerful. It’s all part of a scheme to rewrite the nation’s financial laws and allow banks, securities firms, insurance companies, and, in some cases, industrial firms to merge under common…
Read MoreThe Federal Reserve — already one of the most powerful and least accountable entities in the federal government — is about to become even more powerful. It’s all part of a scheme to rewrite the nation’s financial laws and allow banks, securities firms, insurance companies, and, in some cases, industrial firms to merge under common…
Read MorePrivacy is high on the list of rights Americans cherish. Now, the right to our privacy — like many of those rights we take for granted — is at risk. Federal agencies, led by the Federal Reserve Board, have proposed a “Know Your Customer” regulation that would require banks to monitor their customers’ accounts, presumably…
Read More Alert for the millions of airline passenger knees — American Airlines will give them three to five extra inches of space in about a year. Hooray for small favors. One would think that buying an airline ticket for a seat on the plane would include knees along with toes and torsos. But since airline deregulation…
Read MoreSocial Security places government in one of its noblest roles: as an institution that offers a bedrock financial guarantee to all members of society that they need not fear the financial consequences of growing old or disabled. That’s quite the opposite of the U.S. government’s all too familiar role as a provider of corporate welfare,…
Read MoreDetroit, Mich., fell on hard times recently when the snow started falling on Jan. 2, 1999. Twenty-one inches of snow accumulated over the next two weeks, and city officials still did not plow residential streets. That streets were left unplowed was not an oversight. It was the result of a policy of many years standing…
Read MoreThe collapse of community surfaced with a vengeance in Detroit, Michigan recently when the snow started falling on January 2, 1999. Twenty one inches of snow fell over the next two weeks and city officials still had not plowed the residential streets. That is not an oversight. It is a policy of many years standing.…
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