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State Representative Ryan Barry, a Democrat, defends the commissions: “They are advocating for people who can’t afford lobbyists.” True, but the state is cutting services at the same time that it is paying commissioners up to $150,000 per year. For example, Rell wants to cut $1.4 million in subsidies for a LIFE STAR helicopter at Hartford Hospital. She could pay for this item with money saved by closing commissions. Then, Democrats could say they cut the fat before reaching into taxpayers’ pockets. Besides, most people would take...
...Read "Can the U.S. Afford to Let California Fail...
...auctions. Those purchases, which represent about 40% of new home purchases in Florida now, are driving any home-sale revival the U.S. is seeing (even if they also help drive down surrounding home prices). But in many if not most cases, people buying foreclosed homes have budgets "that can afford the taxes on a $100,000 house but not necessarily a $400,000 house," notes Brian Paul, CEO of the Realtors Association of the Palm Beaches. Of course, Palm Beach County executives take a different view. "Introducing foreclosure into the [property appraisal] equation may be an interesting idea," says John...
...stoically, facing the judge, while nine victims behind him gave emotional statements on how the scam had wiped out their finances and put their futures in jeopardy. One of the most heart-wrenching responses came from Miriam Siegman, who described how she now lives on food stamps, can't afford to buy new reading glasses and sometimes rummages through trash cans to eat. "[Madoff] discarded me like roadkill," the 65-year-old said. "The man who did this had deep contempt for his victims." She said she now feels "shame and humiliation" asking people for help...
...people in pain. And at the root of California's misery lies Proposition 13, the antitax measure that ignited the Reagan Revolution and the conservative era. In Washington, the Reagan-Bush era is over. But in California, the conservative legacy lives on. (Read TIME's report: "Can the U.S. Afford to Let California Fail...