Month: February, 2006

NNO: Recipe for financial jambalaya

21 February, 2006 (09:52) | Uncategorized |

[New New Orleans posting archive here, with updates here, here, here, here, here, and here.]
 
Last Friday I skewered the Wall Street Journal’s half-Bakered critique of House Financial Services Committee Chairman Richard Baker’s well-thought-out proposal to extend Federal credit toward the rebuilding of New Orleans.  I finished with a list of the real things to worry [...]

Tax reform: same time next year?

20 February, 2006 (12:26) | Uncategorized |

If the President’s off-the-cuff answer is to be believed, your mortgage interest deduction is safe for the time being:
 
TAMPA, Fla., Feb 17 (Reuters) – President George W. Bush on Friday rejected the idea of any change in the U.S. tax code that would eliminate the deduction for mortgage interest.
 
During a question-and-answer session in Florida, Bush [...]

NNO: Half-Bakered critique

17 February, 2006 (12:13) | Uncategorized |

Trust the Wall Street Journal not merely to critique House Financial Services Committee Chairman Richard Baker’s Louisiana credit enhancement legislation but to heap unwarranted scorn upon it and Mr. Baker for even thinking such folly.  In its lengthy editorial (unlike their news, for which the Journal seeks to charge subscribers, their editorials are free, and [...]

GSEs: Greenspan’s last testament

16 February, 2006 (10:38) | Uncategorized |

Throughout his tenure Alan Greenspan was both opaque and transparent.  When he wanted to conceal, as in playing his Fed rate move cards close to his chest, he was a paradigm of opacity.
 
 
“How many basis points have you got?”
 
But, when he wanted to be transparent, he was a paradigm of precision … but the tightly [...]

A rising tide strands some boats

15 February, 2006 (09:17) | Uncategorized |

From South Africa, AHI’s Kecia Rust offers a pithy post loaded with facts that shows, with the clarity of inarguable statistics and incisive analysis, that South Africa’s economic and policy success has not solved its affordable housing problem:
 
Much has been made in the media of dramatic increases in the prices of houses countrywide. Fuelled by [...]