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Heartland Heartache I am a libertarian and can't abide free government handouts, so I agree to an extent with Michael Grunwald's argument for farm-bill revision [Nov. 17]. However, I must contest some of his findings. He states, "The median farmer's net worth is five times the median American's." Of course it is - farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price...
...Libertarian and don't abide free government handouts, so I agree to an extent with Grunwald's argument for farm-bill revision. However, I must contest some of his findings. He states, "The median farmer's net worth is five times the median American's." Of course it is - farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price of corn has fallen at least 50% since...
...libertarian and don't abide free government handouts, so I agree to an extent with Michael Grunwald's argument for farm-bill revision [Nov. 17]. However, I must contest some of his findings. He states, "The median farmer's net worth is five times the median American's." Of course it is--farmers own tons of acres; but let's see you try to operate your business when all that net worth is tied up in land. In addition, he claims, "the biofuel boom is also jacking up the price of grain." Yet the price of corn has fallen...
...Work Longer" finds that having a workforce that continues a few years beyond the traditional retirement age is the only way for boomers to prevent a decline in their standard of living and not drag down U.S. economic growth. The report estimates that a two-year increase in the median retirement age - from 62.6 to 64.1 over the next decade - would add nearly $13 trillion to real U.S. GDP during the next 30 years while reducing by half the number of boomers who would find themselves without enough money for retirement. Two-thirds of older boomers have not prepared sufficiently...
...salary will not be released until this spring. In 2006-2007, Ivy League presidents earned between $1—former University President Derek C. Bok forewent a salary during his interim term—and $1,411,894, taken home by Columbia University’s Lee C. Bollinger. Median pay and benefits for the heads of 184 public research universities was $427,400 in the 2007-2008 academic year, up 7.2 percent from the year before. Ohio State University’s E. Gordon Gee, whose $310,000 bonus announced earlier this month brought his total compensation for last...