It's routine, as you get out your credit card in the supermarket
checkout line, to be asked to donate a few dollars to medical research. It's an
easy way to contribute--and who wouldn't want to help conquer breast cancer or
Now that it's summer, I'm on the lookout for nonviolent
water toys. They're a lot harder to find than one might think. If you
look past the brightly colored plastic, all you're left with is mock
weapons: rapid-firing automatics, pistols, double-barreled rifles, AK-47s
All 50 states have regressive tax structures: the lower your
income, the larger share of it goes to state taxes. While a few states have
flat income-tax rates--here in Illinois, everyone pays 5 percent--most are
mildly progressive (higher rates for higher income).
There are two ways to reduce the federal budget deficit: cut spending
and increase revenue. Serious progress will require both. But neither can
solve the larger problem behind the nation's budget woes.
Warren Buffett, the second wealthiest man in the world, likes to project an image of himself as a man who values responsible lending and affordable housing for people of modest means. A different picture is portrayed by Clayton Homes, the country’s largest builder and lender of manufactured housing, which was bought in 2003 by Berkshire Hathaway, the investment conglomerate controlled by Buffett. An investigation led by the Center for Public Integrity and the Seattle Times has discovered that the company engages in predatory loan practices and charges exorbitant interest rates and add-on fees, which trap many owners in homes they can’t afford that can’t be resold or refinanced (Center for Public Integrity, April 3).