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Column by Bruce Kesler Barack Obama’s bluntly answered Joe the Plumber that we should have more redistribution from the well-off to “spread the wealth around.” Yet, according to the Paris-based Organization for Economic Cooperation and Development (OECD), the United States has the most progressive income tax and employee Social Security taxes in the developed world….
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Column by Bruce Kesler Health care could be the next Fannie Mae-type disaster. Similar forces are at work. Anxieties over the financial meltdown may increase Democrats’ power to further their statist agenda via appeals that exaggerate need and rights among the poor and feed greed by many of the rest of us. The forces worked…
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Story by Chris Graham [email protected] It had seemed for a time back in the summer that former Republican congressman Bob Barr might end up playing a spoiler role in the ’08 presidential election by siphoning off a couple of percentage points from the vote total of Republican John McCain in what had been expected to…
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Column by David Reynolds First, a look back at last week. I argued that a cause of the current economic turmoil was a clash between a social policy, racial affirmative action, and economic reality, the current housing market. The column was based on several sources, including quotes from Washington officials and leading newspaper accounts. As…
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Column by David Reynolds Greed. That’s OK for a one-word answer. But the editor allots me 800 words each week, so I should say a little more. I could say that before their sudden death, the investment banks were not subject to the same regulatory controls we place on commercial banks. But that is still…
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Column by Haresh Daswani Given that the world financial situation has become shaky, given that people were buying houses they cannot really afford, at prices higher than what is deemed fit, it is inevitable that price correction in real estate will cause chaos within the banking sector. It is also interesting to see that our…
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Story by Chris Graham [email protected] Everything is on the table, Gov. Tim Kaine told state legislators today as the two sides began to address a projected billion-dollar shortfall in the current biennial state budget. “The need to engage in a third major round of budget reductions will mean, by necessity, that all programs — including…
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Story by Edward Tutwiler “I think I should have no other mortal wants, if I could always have plenty of music. It seems to infuse strength into my limbs and ideas into my brain. Life seems to go on without effort, when I am filled with music.” – George Eliot Looking backwards on missed opportunities…
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The Top Story by Chris Graham [email protected] It’s not a new idea, not even in Waynesboro, not even from Vice Mayor Frank Lucente, who first broached the subject of spinning economic-development activities out from under the direct purview of Waynesboro City Council in 2005. “They can do a lot of things that the city council…
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Fear and Loathing in Waynesboro column by Chris Graham [email protected] One thing Frank Lucente and I agree on is economic development. We haven’t always agreed on how best to get there, but there may be room for some thawing on that iceberg, too. At first glance, I like Lucente’s proposal to build a sort of…
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