By now everyone with a roof over his head has heard about the subprime mortgage mess. Understanding why so many homeowners are defaulting on their mortgages or what mortgage foreclosures have to do with the collapse of the housing market, however, is another matter. To get a better grasp of the mortgage mess I called […]
Unsurprisingly, my Republican State Senator, Dave Cox, e-mailed his constituents, saying reducing spending, not increasing taxes, is the answer to California’s $16 billion budget shortfall. He notes that the Legislative Analyst’s Office’s (LAO) proposed alternative budget would raise some additional revenues, and but responds saying “revenues are not the problem. …LAO anticipate[s] that General Fund […]
Those thinking government is just about taxes and spending need to broaden their horizons, and think of subsidies and favors as the most substantial problems. Taxes are high, not because government is wasteful. They are high because it consistently gives away the store to a select few. Welfare, not for poor people, but for the […]
Gang Violence in Highland Park When my husband Dick and I moved into our hilltop home in the Mount Washington community of Los Angeles, we were thrilled. Looking north across Highland Park, Glendale, Eagle Rock, and Pasadena, it has a spectacular view to the San Gabriel Mountains beyond. It took a week or so to […]
Walter Moss: Jerry Brown’s election as governor of California, the recent nuclear accident in Japan, and a late March episode of Bill Maher’s Real Time have all reminded me that 2011 marks the hundredth anniversary of E. F. Schumacher’s birth.