YUI 2.6.0 Released (23)
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Nate Koechley (29)
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Yahoo! User Interface Blog (67)
6 days, 1 hour
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The YUI development community is pleased to announce the release of version 2.6.0 of the YUI Library. You can download YUI 2.6.0 from SourceForge or configure your implementation using the updated YUI Configurator. 2.6.0 introduces a new Carousel Control, offers the Paginator Control for general use (it was previously bundled with DataTable), includes more than 450 total fixes, enhancements and optimizations, graduates eight components out of “beta,” and now ships with more than 290 functional ...
A Constitutional Law Lesson From the Bailout Debate (2)
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Jim Harper (11)
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Cato-at-liberty (46)
1 week
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The Framers of the Constitution knew that jealousies among the branches of the federal government would slow the federal decision-making process, redounding to the benefit of the people and their liberty. As important as the Bill of Rights is, the structure of government is just as important for its bias against hasty government action. Put aside what you think of the substance of the bailout issue as you see an example of the constitutional structure ...
Intervention Is Not the Answer (1)
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Daniel J. Mitchell (2)
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Cato-at-liberty (46)
1 week, 1 day
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The current turmoil in financial markets is the result of bad government policy, particularly easy-money policy by the Federal Reserve and unsustainable subsidies to housing by Fannie and Freddie. The bailout did not address these problems. Instead, it sought to compound the problem by increasing government intervention. Ideally, politicians now will shift gears and seek to reduce government barriers to economic revitalization. Unfortunately, the political insiders from both parties almost surely will close ranks and ...
It’s Not a Pretty Picture (2)
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Jagadeesh Gokhale (5)
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Cato-at-liberty (46)
1 week, 1 day
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The failure of the bailout plan essentially shows the huge lack of confidence among the public that it would achieve its objectives. It also registers doubt about the government’s ability to implement it successfully. The impasse shows how blunt fiscal policy is and how inept politicians are in managing the economy. The current set of problems did not arise overnight — they festered in the form of government favoritism toward housing finance companies which overextended ...
Obama’s Free Ride on Fannie Mae (2)
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David Boaz (8)
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Cato-at-liberty (46)
1 week, 1 day
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A page one Washington Post headline reports, “Credit Crisis Has Given Obama a Distinct Edge.” Which must be really frustrating for McCain, because McCain did try to reform Fannie Mae and Freddie Mac back in 2006. Obama, meanwhile, as I reported at the American Spectator, received more donations from Fannie Mae in four years than any other senator (except Banking Committee chairman Chris Dodd) received in twenty years. That’s quite an accomplishment–more money from a ...
Let Palin Be Palin (1)
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David Boaz (8)
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Cato-at-liberty (46)
1 week, 1 day
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Some commentators are suggesting that the McCain campaign has panicked about Sarah Palin’s appeal, trying to cram her head with policy-wonkery and then hiding her in a closet when that didn’t work. Let Palin be Palin, they say — let her show her authentic self, the gun-totin’, family-raisin’, reformist governor that Alaskans love. Good idea. Let’s start with the bailout. Surely a rugged individualist reformer from way outside the Beltway is champing at the bit ...
Our Intellectual President (1)
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Michael F. Cannon (9)
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Cato-at-liberty (46)
1 week, 1 day
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Last week, a group of 192 economists signed a letter expressing concern over the Treasury Department’s proposed bailout of the financial industry. They write: The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and ...
A $700-Billion-Dollar “TARP” Won’t Cover Over Economic Realities (1)
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Jim Harper (11)
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Cato-at-liberty (46)
1 week, 1 day
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I’ve posted a copy of the proposed bailout legislation online in html format, which is easier to read, copy, and paste. Considering its size and significance, I urge you to review it and share it with others. We have several experts on the bailout at Cato, and our media producer Caleb Brown has ably drawn them out. Give a listen to his podcasts with Bill Niskanen, Jagadeesh Gokhale, Jim Dorn, Arnold Kling, Gerald P. O’Driscoll, ...
Only When Necessary (1)
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Michael F. Cannon (9)
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Cato-at-liberty (46)
1 week, 1 day
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In his speech on the financial crisis, President Bush remarked: Our system of free enterprise rests on the conviction that the federal government should interfere in the marketplace only when necessary. Hmm. I wonder what happens if I substitute other words for “free enterprise” and “in the marketplace.” Our system of free speech rests on the conviction that the federal government should interfere in the marketplace of ideas only when necessary. Eeew. I don’t like ...
Forestalling the Market (1)
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Gerald P. O'Driscoll (2)
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Cato-at-liberty (46)
1 week, 3 days
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I have been telling reporters there is plenty of private money available for deals. Witness Bank of America’s purchasing Merrill Lynch; Buffett’s $5 billion investment in Goldman Sachs; and JP Morgan Chase’s purchase of WAMU. But sellers will now hold out for the expected baillout price from Treasury, and that will price private money out. A former colleague on Wall Street confirmed my position this afternoon.
And if you owned an experimental TV set in 1929, you would have seen him. And you would have said to yourself, "Who is that guy? What happened to President Hoover?" (1)
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"The most leftist administration in American history?" (1)
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matt.welch@reason.com (Matt Welch) (7)
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Reason Magazine - All Reason Articles from the Past Year: Page 1 (24)
2 weeks
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That's the question posed about the late George W. Bush era, by George F. Will:The political left always aims to expand the permeation of economic life by politics. Today, the efficient means to that end is government control of capital. So, is not McCain's party now conducting the most leftist administration in American history? The New Deal never acted so precipitously on such a scale. Treasury Secretary Paulson, asked about conservative complaints that his rescue ...
"I'm Joe Biden and I Disapprove of Barack Obama Approving That Ad About McCain Being Too Old..." (1)
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gillespie@reason.com (Nick Gillespie) (4)
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Reason Magazine - All Reason Articles from the Past Year: Page 1 (24)
2 weeks
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The Barack Obama campaign released this pretty good ad, "Still," mocking John McCain for being old and out of it. It showcases, in political ad-ese, that the Arizona straight-talker can't send emails and wore really awful (read: totally popular) eyeglasses in the 1980s, and sometimes rides around on golf carts like a...a...70-year-old man and, worst of all, pals around with President George W. Bush.Here's the ad, which has all the punch of a late-round Gerry ...
Mythic GM Talks Warhammer Launch, Banning Gold Sellers (1)
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Soulskill (261)
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Slashdot: Games (16)
2 weeks
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Gamasutra has an interview with Mark Jacobs, GM and co-founder of Mythic, about the recent launch of Warhammer Online. He talks about handling the heavy demands on the servers, and how the launch is going better than the opening of Dark Age of Camelot (during which "somebody parked a truck on our internet"). Jacobs also blogged about the glee with which he and his team have been banning gold spammers: "We don't wait and let ...
The One-Man Wall (1)
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khowley@reason.com (Kerry Howley) (2)
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Reason Magazine - All Reason Articles from the Past Year: Page 1 (24)
2 weeks, 1 day
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Russell Pearce was far from home the day his son got shot. Minutes from the White House, the state legislator was preaching the Pearce gospel. "They're taking jobs away from Americans," he told a small audience at a prominent DC think tank. "Health care systems are failing. The education system has imploded. Eighty percent of the violent crimes in Phoenix are involving illegal aliens." Pearce speaks softly, and he has a sad-puppy look about him ...
Bill Clinton's Interventionist Legacy (1)
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schapman@tribune.com (Steve Chapman) (2)
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Reason Magazine - All Reason Articles from the Past Year: Page 1 (24)
2 weeks, 1 day
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The president's arrogant, go-it-alone style has done much to alienate our European allies, so you will not be surprised to hear this complaint from the French foreign minister: "We cannot accept either a politically unipolar world, nor a culturally uniform world, nor the unilateralism of a single hyper-power." But you might be surprised to find that the statement was made in 2000—in a fit of pique at President Clinton.On the TV news in June 2004, ...
Henry Paulson, Regent Dictator (2)
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jwalker@reason.com (Jesse Walker) (7)
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Reason Magazine - All Reason Articles from the Past Year: Page 1 (24)
2 weeks, 2 days
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Sigh: The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets. The plan, designed by Treasury Secretary Henry Paulson, is aimed at averting a credit freeze that would bring the financial system and economic growth to a standstill. The bill would bar courts from reviewing actions taken under its authority.... As congressional aides and ...
Joe Biden, Straw Man (1)
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kmw@reason.com (Katherine Mangu-Ward) (7)
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Reason Magazine - All Reason Articles from the Past Year: Page 1 (24)
2 weeks, 4 days
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Both sides are making a big deal this election season about how they're never going to question anyone's patriotism. But clearly the moratorium only applies to guys and gals running for executive office.Sen. Joe Biden (D-Del.), for instance, seems concerned about adequate patriotism on the part of people in households making over $250,000. They need to pay more taxes, he said this week: "It's time to be patriotic...time to jump in, time to be part ...
The Libertarian Case for Obama (1)
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info@reason.com (Terry Michael) (2)
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Reason Magazine - All Reason Articles from the Past Year: Page 1 (24)
2 weeks, 4 days
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For those who recognize that "libertarian Democrat" is no more oxymoronic than "libertarian Republican," a solid case can be made for Sen. Barack Obama (D-Ill.) as a Leader of the Free World who won't take that American Exceptionalism conceit as seriously as "Country First" Sen. John McCain (R-Ariz.).Sure, we'll have to endure four or even eight years of warbling by Barbra Streisand at White House dinners. And I am under no illusions: Obama has more ...
