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...many European countries speculators build tax-subsidized holiday homes, and then rent them out at exorbitant rates while receiving substantial tax relief on their mortgages. The result is to price local people out of the property market while losing agricultural land to so-called residential development, which may well stand empty for more than half the year. Tax benefits for property speculators are costly and regressive and any politician considering ways to save money should give them a long hard look. M. Esdaile Walker, COLOGNE, GERMANY...
...recent afternoon at the Shanghai Tianma Circuit race-car track, the 1,000-strong crowd was treated to the sight of one of the competitors - still dressed in his driver's jumpsuit - walking slowly past the officials' stand, one arm held aloft with the middle finger of his hand extended. "My only regret," he later wrote on his blog, "is that I couldn't show both fingers at the same time because I happened to be having a phone conversation...
Former U.N. official Peter Galbraith should be congratulated for taking a courageous stand on fraud in the Afghan elections, knowing he might lose his job as a result [Oct. 19]. I voted for Barack Obama, but I would like to see more support from Washington for officials who try to do the right thing...
...fame becomes cheaper and more common, you have to ante up more in order to stand out. Heene put up his family. (Read "What Should Happen to Balloon Boy's Parents...
Crime weighs heavily on the minds of Detroit's middle class, although it's an issue few residents want to discuss. In some neighborhoods, armed guards stand watch outside houses of worship; in September a pastor shot a man trying to rob his church. In others, street barricades have been set up to help deter potential thieves...