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...lunch on the back patio of Fiesta Villa on Main Avenue and watch the railroad cars packed with coal go by - and by and by - and you'll start to understand why. Last year was a great one for energy and agriculture: corn, crude oil, coal and wheat are major state exports. The boom helped push energy outfit MDU Resources onto the Fortune 500 (the first North Dakota firm to make the list) and the state budget to a $1.2 billion surplus. State workers around the country are being told to sit at home without pay to trim costs...
...crisis has changed some minds. Alan Greenspan's famous October admission that his antiregulation ideology had failed was a landmark on this front. Federal judge and Chicago Law School professor Richard Posner's new book, A Failure of Capitalism, is another. In it, Posner fingers financial deregulation as a major cause of the crisis. He's less clear about what we ought to do now, although one of his suggestions very much fits the crude-measure standard: we should consider raising income taxes on high earners "in order to reduce their appetite for risk-taking...
...good in the first major offensive of President Barack Obama's war in Afghanistan. For the past four days, 4,000 U.S. Marines and 650 Afghan soldiers have been fighting their way into the southern reaches of Afghanistan's Helmand River valley, hoping to clear out insurgents there. But other than in one limited area of fierce resistance, the fighting has generally been restricted to small-scale skirmishes in which few Taliban have been killed because most of the insurgents appear to have slipped away - as guerrillas tend to do when confronted by overwhelming firepower. More important to U.S. goals...
...year, which led experts to predict a lighter than average Atlantic hurricane season. But it instead to turned out to be an El Niño Modoki, and overall hurricane activity was 2½ times as severe as normal, with 15 named storms and six major hurricanes. Florida was repeatedly battered. "We had a lot more storms than we expected, and that got us thinking," says Webster...
Scheuer, Michael • opinion is offered by that "the only chance we have as a country right now is for Osama bin Laden to deploy and detonate a major weapon in the United States," to which host Glenn Beck responds with "Michael Scheuer, as always, sir, thank you very much" rather than the more appropriate "You, sir, are a madman who looks like a werewolf...