Sunday, June 28, 2009

If you read one magazine


The only magazine I read faithfully is Forbes. They get it. Smart, insightful and easy to read. Here are a few lines from the latest edition:
Steve Forbes on the new financial regulations – the blunt truth is that even if we had Obama’s regulatory reforms in place 4 years ago, we would still have experienced an economic disaster… regulations turned a serious flood into a tsunami... the thing about government is that the more it fails, the more power it accrues.
Steve Forbes on the new vehicle regulations - changes in efficiency standards will mean greater carnage on our highways… smaller cars will mean people will keep their clunkers longer… sky-high fuel prices, not innate environmental rules, is why Europeans drive small, high-mileage vehicles... but raising gas taxes in the US would be deeply unpopular, so Washington gave us CAFE.
David Malpass on the markets – the markets have rebounded from March lows… Washington will claim victory… but they shouldn’t…unemployment will climb to well over 10%... industrial production has fallen 13.5%... Washington’s plan is to hire workers to take the census, sign union construction contracts in compliant states and tax the shrinking private sector to pay unemployment benefits… economic problems are fixable, but not under current policies.
Rich Kilgaard on energy – Obama supports Iranian nuclear power, but not ours… France gets 80% of its electricity from nuclear power… the US gets 20%... there were no deaths or effect on cancer rates from the Three Mile Island accident in 1979… but after Hollywood’s The China Syndrome , logic didn’t matter.

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