Month March 2010

Strategic default is not a moral failing

“Strategic default” involves homeowners deciding to walk away from their homes and mortgages, not because they cannot afford to pay, but because they owe more than their homes are worth. Read the news, and you’ll see that a lot of…

Cow poo power NOx’ed by state regulators

It’s a classic example of a state regulatory agency not knowing what other agencies are doing, or even being on the same clue train with them. California air quality regulators have shut down multi-million dollar manure-to-electricity generators on farms because…

Jerry Brown. Maverick politician

Jerry Brown has a long, varied, and colorful history in California politics. Most anyone, friend or foe, would say he’s a maverick. He definitely does things in his own way and doesn’t much care what the crowd is doing. How…