The Last Stand
Comments by carlyle
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On David Moss: Choose McCain
October 23, 2008 at 7:20 p.m.
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Windle, you are out of your mind on reinstating the draft. Senator Obama has proposed some sort of universal service, but no one has or will propose the draft, unless we get involved in a truly massive land war. The draft produces, as we saw in every war, second lieutenants and privates. Current conflicts require majors and master sergeants, ranks that take years to attain.
On School district, CMC discuss housing for staff
August 21, 2008 at 3:49 p.m.
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Take a look at a recent NYC experience. NYC has more experience in rent control, low income, middle income, section 8, Gautreaux subsidies, whatever can be used to reduce housing costs. http://www.halfsigma.com/2007/05/more_bu…
Beancounter has it right. A direct mortgage subsidy created by the employer with, perhaps, our current affordable housing groups assistance might actually have some merit.
I believe that TIC, the one firm that pays significant salaries in Steamboat, provides no subsidy to employees that have to live in high-cost areas like Steamboat. Getting employers to provide a subsidy will prove interesting.
On Robert Miner: Solve housing
August 19, 2008 at 8:36 p.m.
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Mr Lewis. FNMA and fhlmc, fha and VA, RTC and CRA are US Government organizations. They are not free market private organizations. And I forgot GNMA, from which FNMA was birthed. The securities and banking businesses are the most highly regulated in the US. Who created the Savings and Loan debacle? If affordable housing policy in Steamboat Springs was created in 1995, that policy should have been tossed after ten years of failed effort. As Mr Miner says, to lower housing prices, ceteris paribas, you have to build more houses.
On Railroad linking Steamboat to I-70 studied
August 13, 2008 at 5:47 p.m.
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I love it. The County Commisioners have decided “NO” to growth, and “YES” to some sort of rail transportation. Unfortunately, the population of Routt County would have to grow by a factor of one hundred over the next ten years to justify light rail. How bizarre…
On Gloomy financial briefing
May 21, 2008 at 7:58 a.m.
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A good article on housing… Amir Sufi and Atif Mian have published “The Consequences of Mortgage Credit Expansion: Evidence From the 2007 Mortgage Default Crisis” (http://papers.ssrn.com/sol3/papers.cfm?a…). This paper was cited by Gail Marks Jarvis in yesterday's Chicago Tribune and in US News and World Report.
On City’s fiscal plans vague
May 19, 2008 at 2:51 p.m.
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Mr Good is probably thinking of George Katona's Survey Research Center at the University of Michigan(The Powerful Consumer) which publishes the bimonthly 'Consumer Sentiment Index'.
On Local officials push for more conservative fiscal policy
March 13, 2008 at 8:47 p.m.
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For those that care… The NBER, National Bureau of Economic Research, www.nber.org, defines recessions. The last recession had only one quarter of negative growth. While I usually agree with sbvor's comments, he is wrong on the recession definition. So is his source. Yesterday's tax receipt data for 2/08 was ~15bb lower than 2/07. Given the employment survey, not the household survey, it is a good bet that the NBER will say the US economy entered recession in November.
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On Scott Ford: If it sounds too good to be true, it probably is
October 27, 2008 at 7:25 p.m.
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I thought that Mr Laffer should have something to say… http://online.wsj.com/article/SB12250683… While not on his “Laffer Curve” (drawn up on a paper napkin at lunch in 1971), the article is relative to the gist of Mr Ford's article and the assorted blogs. I took Arthur for a course in International Trade, his area of economic expertise, in 1973. He is a wonderful teacher. For what it's worth, he forecast what was to come in 1974. I think he will be right, again.