Fed Up: A Texas Bank Is Calling It Quits
Main Street had profits of $1 million in the second quarter and wrote off 1.25% of its loans as uncollectible. That is below the industry’s charge-off rate of 1.82% in the FDIC’s data for the first quarter, the latest available. The bank has earned nearly $11 million in the past year.
…
House to Unveil Bill Ending Marijuana Prohibition
Visit This Link →
This is good news.
Mr. Frank, Rep. Ron Paul (R., Texas) and others will make the bill’s language public Thursday. It would be the first bill of its kind ever introduced in Congress, the release said.
“The legislation would limit the federal government’s role in marijuana enforcement to cross-border or inter-state …
Georgians Can Buy Insurance Across State Lines
Visit This Link →
Georgia Governor Nathan Deal recently signed a bill that removed state regulations that prevented small business owners from buying out of state insurance. Giving business owners more choices will do a lot to provide healthcare competition and help to bring down prices. More states should pass legislation like this and Georgia should open this up …
Protecting the Public from Itself?
Visit This Link →
Senator Rand Paul’s (I love saying that) earlier remarks were a welcome contrast to remarks offered last summer by members of the House Committee on Energy and Commerce Subcommittee on Oversight and Investigations.
Henry Waxman: “Do these companies have researchers that are adding to the information that will help us have …
Government Regulation Made Cigarettes Look Safe
Visit This Link →
Did you know that cigarette manufacturers used to compete with each other to see how nasty, vile, and unsafe they could make each others’ products look? And that they actively competed on making healthier, safer cigarettes? And that the Federal Trade Commission told them to knock it off, leaving them with no choice but to …
False Government Sponsored Negative Reviews
This law was, let us remember, passed before President Bush left office. It was atrocious then, it remains atrocious now. I hold to my main political theme: whenever government gets involved, things get worse.
Minimum Wage Hurts the Marginal Employees the Most
The minimum wage isn’t bad because it hurts employers. It’s bad because it hurts marginal employees.
I like carry-on luggage fees
I like the idea of Spirit Airlines charging for carry-on luggage. Luggage belongs in the cargo hold, not the passenger compartment. Spirit is quite clear about their reasons — and I agree with every one of them. Passengers who don’t like it can feel free to fly with another airline.
Two Reasons to Dislike the Government
Liberals might want to consider that one of the reasons most people don’t like government is the behavior of, well, government. Two stories caught my eye this morning.
First: One-Fourth of Nonprofits Are to Lose Tax Breaks – NYTimes.com.
As many as 400,000 nonprofit organizations are weeks away from a doomsday.
At …
Your Doctor May Not Be Around Much Longer
”Let me be clear: if you like your doctor, you can keep him”. Who hasn’t heard the President make that promise by now? The problem is, it makes a huge assumption. That promise assumes that your doctor isn’t going to retire as a result of healthcare reform.
The New England Journal of Medicine reports that more …