Despite the Crash in Prices, Affordable Housing Still Lacking

When Florida legislators recently struggled to balance the battered state budget, they decided to plug holes with $190 million from a $300 million affordable-housing trust fund. After all, why should a cash-strapped state shell out money for new home construction when there are tons of vacant homes just waiting to be snapped up?

Share

Why Obama’s Choice for Regulatory Czar Is Making Liberals Nervous

Cass Sunstein would not seem the kind of presidential appointee to get liberal groups up in arms. A professor at the University of Chicago Law School and prolific author, Sunstein is a reliable liberal on most questions of law and policy. So when President Barack Obama chose his old friend for a very powerful Washington job, director of the Office of Information and Regulatory Affairs , it seemed safe to assume that the appointment would be treated as good news by the environmental, labor and consumer groups that have been in despair for most of the Bush years.

Share

The Nuclear Risk: How Long Will Our Luck Hold?

This is how a submarine-launched ballistic missile works: once airborne, the 60-ton missile travels out of the earth’s atmosphere into sub-orbit, where it moves toward its target at a shade under 4 miles a second. Approaching its destination, the tip of the missile splits into multiple, independently targeted warheads, each loaded with bombs up to 24 times more powerful than the Hiroshima blast, which re-enter the atmosphere in a spectacle that from the ground would resemble a meteor shower, before it resembled a thousand roaring suns. There are hundreds of these and similar land-based long-range missiles ready to launch at a moment’s notice.

Share

Why Europe Is Fuming About the Stimulus Package

Europe’s euphoria over Barack Obama is fading fast. As Congress wrangles over the President’s $819 billion stimulus package, a “buy American” clause has the European Union threatening legal action and retaliatory sanctions and opening up the prospect of an explosive trade war. Just weeks after hailing Obama’s election, E.U

Share