Magazine August 15, 2011, Issue

House of Doubt

The case for providing clear mortgage rules now, not later

The ongoing struggles of the housing market are contributing to the softness of our overall economic recovery. Over the last couple of weeks, the Obama administration has restarted debate about further government action to prevent foreclosures and stave off home-price declines — all with an eye toward improving the outlook for a market that has traditionally been a key driver of the broader economy.

The backdrop for these closed-door meetings is that the U.S. government will soon be the country’s largest source of domestic home-mortgage and consumer-credit loans. In reviewing the latest Fed data, Investor’s Business Daily noticed that the total

In This Issue

Articles

Features

Politics & Policy

Obama’s Nemesis

Washington, D.C. — Across the rotunda, Sen. Harry Reid, a 71-year-old Democrat, is grumbling about Rep. Eric Cantor, the House majority leader. The previous evening, Cantor, a boyish Virginia Republican, ...

Books, Arts & Manners

Politics & Policy

Faraway, So Close

Whether or not the late Mexican military ruler Porfirio Díaz (1830–1915) ever actually said, “Poor Mexico! So far from God and so close to the United States,” his alleged quip ...
Politics & Policy

Songs and Tanks

Last month, a singer named Ibrahim Kashush was leading crowds in Syria. They were demonstrating against the dictatorship and for democracy and freedom. Kashush entertained, inspired, and delighted them with ...

Sections

Politics & Policy

Letters

Hazardous to Your Freedom Regarding Daniel Foster’s “Smoke Alarm” (July 18): If the nanny state’s real objective is to scare a significant number of smokers into stopping puffing, let me suggest ...
Politics & Policy

The Week

‐ Mr. Strauss-Kahn seems quite well qualified to be prime minister — of Italy.  ‐ Rep. Michele Bachmann and former governor Tim Pawlenty, both Minnesotans, have been trading jabs as they ...
The Long View

TO: Studio Personnel

TO: Studio Personnel FROM: Production RE: Captain America This weekend’s excellent box-office grosses for Captain America have been incredibly gratifying. The movie is performing very well nationally, and we’re on track for another ...
Athwart

Statism Down Our Throats

People who see everything as a problem to be solved by the application of exquisitely calibrated governmental force remind you of the maxim: When all you have is a hammer, ...
Politics & Policy

Poetry

  ON A THEME OF D’ALIBRAY Such a fine day rides on the soft air, Laura, please pay heed to the new season, That laughs at the clear sky and sings of love: Spring is ...
Happy Warrior

How Weird How Soon?

From London’s Daily Mail: “Scientists have created more than 150 human-animal hybrid embryos in British laboratories.”     You don’t say. Now why would they do that? Don’t worry, it’s all perfectly legit, ...

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