Morsels from the Wall Street Journal

Morsels from the Wall Street Journal

July 10, 2014

Today and recent days

Comments in italics

 

Bike Programs Are Facing Uphill Climb

Insurer Blue Cross and Blue Shield of Illinois recently agreed to pay $12.5 million in the next five years to help the 3,000-bike system (in Chicago) expand. That’s $416 per present bicycle.

 

Our Financial Crisis Amnesia

It is now five years since the end of the most recent U.S. financial crisis of 2007-09. Stock have made record highs, junk bonds and leveraged loans have boomed, house prices have risen, and already there are cries for lower credit standards on mortgages to “increase access.” For the Left, it’s always about access; access to education, access to health insurance, access to health care, access to college, access to legal services. It makes you wonder if what they really mean is “funding for” whenever they say “access to.”

 

Foreign Aid: The Folly of the 0.7% Solution

Well-meaning but muddled interventions can backfire.

Such botched projects often result from the obsession with hitting targets and goals—hey, let’s give all kids free education—with little attention to the mechanisms for achieving them, or whether the goals are ever met.

Tear down the walls of trade protection, tackle the tides of dirty money that undermine democracy, loosen immigration controls so people can go abroad to earn and send home remittances, and invest in fighting diseases that kill poor people.

 

The Attorney General as Captain Ahab

Mr. Spitzer refused to say how much his office had spent in his pointless endeavor.

 

 

The barnacled, leviathan state

 

 

 

 

 

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