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    Perspective

    Yes financial markets are in turmoil right now. But as Dr. Mark Perry of Carpe Diem reminds us, the last 30 years has witnessed an unprecedented gain in U.S. household net worth that is not fundamentally threatened: According to the Federal Reserve, U.S. household net worth fell by $2 trillion … More

    The Glass-Steagall Myth

    It has become an article of faith on the left that the 1999 Gramm-Leach-Bliley Act is to blame for the current crisis on Wall Street. Typical of the herd, George Polk Award winner Josh Marshall writes at Talking Points Memo: Let me get this straight. John McCain’s top economic advisor, … More

    Morning Bell: Highway Robbery

    As a general principle, conservatives believe government should not intervene to protect those who have made poor business decisions — even if those decisions have been influenced by excessive government regulation. But there can be rare situations where the cumulative effect of many bad decisions in one sector of the … More

    Text of the Bailout Legislation

    The following language was circulated on Capitol Hill this morning as Treasury’s plan to purchase residential or commercial mortgages. Heritage released eight goals and strategies that should guide lawmakers during the debate this coming week. LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS Section 1. Short Title. This Act … More

    Bell Ringers

    Roundup of Op-Ed’s from the Heritage Foundation Should Washington loan the Big Three automakers $50 billion to develop fuel-efficient vehicles? No By Nick Loris and James Gattuso Regardless of whether such an assertion holds true for Freddie Mac and Fannie Mae, that argument does not hold water for the auto … More

    Tankosphere Today: Sept 19, 2008

    My Heart Bleeds – OpenMarket.org Oh dear, what a shame, never mind. In a threatening recession, with a looming energy crisis, the last thing we should be doing is wasting money on projects that are not economically viable… Why Obama’s Plan is Not Where We Want to Go – FreedomTalks … More

    Markets Are Environment’s Best Protection … Just Ask the Fishes

    For years environmentalists have been prescribing mountains of new regulations on the fishing industry in an effort to protect fish populations. But their drive to micromanage the industry has not helped revive fish populations. Now, a study in Science finds that a market based approach the defines property rights, called … More

    The Positive Link Between Parental Involvement and Children

    FamilyFacts.org has compiled the Top 10 Findings that explore the link between parental involvement and academic success. Studies show that there is a strong positive link between parental involvement and all areas of academic success including, school readiness for preschoolers, being well-behaved in middle school, and graduating from high school.  [youtube]http://www.youtube.com/watch?v=kx8Vbeqqpno[/youtube]

    The Left Has Learned Nothing from Fannie/Freddie Failure

    Earlier this month, the United States doubled its outstanding debt obligations in a single day. What happened? Taxpayers were forced to honor the implicit guarantee the federal government made years ago to back up Freddie Mac and Fannie Mae’s financial obligations. Freddie and Fannie are at the heart of the … More

    Continuing the “Culture of Waiver” at DOJ

    Many have noted that the so-called “Filip Memorandum,” DOJ’s effort to forestall legislation limiting its ability to force companies to waive the attorney-client privilege, does not apply to prosecutions originated by federal agencies other than the Justice Department (e.g., here, here, and here), but few have recognized that the new … More