The Vadnais Heights City Council’s decision to wash its hands of that city’s financially troubled sports center probably was correct — both legally and politically. The center is falling far short of projected revenue, and covering the shortfall would necessitate…
Ryan’s ideas about Medicare deserve serious discussion
Mitt Romney’s choice of U.S. Rep. Paul Ryan as a running mate has shaken up one of the most dismal presidential races in memory. People may not agree with the Wisconsin Republican, but in recent years he has been willing…
USDA meat buy doesn’t change market
The Obama administration’s recently announced plan to aid livestock producers suffering from the drought by having the U.S. Department of Agriculture buy up some $170 million of meat is election-year window-dressing that will do little to help farmers. But neither…
Is Wall Street setting itself up for a crash?
After every debacle, one can identify a point at which it should have been obvious to all that things were getting crazy. We are at such a point with high-frequency trading in financial markets. In the 1630s, when one tulip…