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Given how much many of Harvard's faculty members have traveled abroad and how it has contributed to their knowledge and understanding of the world--on Harvard's tab--Harvard couldn't be more hypocritical than to deny its students the same opportunities...
Moreover, by supporting the fiction that "big corporations," as opposed to "real people," are picking up the tab, a regulatory approach makes it politically easier for environmental pressure groups to "clean air" us back to the stone...
...already battered property-casualty insurance industry and its 100 million policyholders. The final bill, analysts predict, is likely to top $10 billion. While most well- capitalized insurers are expected to weather the storm, less anchored firms are in danger of being blown away, leaving consumers stuck with the tab. Says Sean Mooney, senior researcher at the Insurance Information Institute: "It will take years before the industry digs itself out from the wreckage left by Andrew. Some ((companies)) will be buried...
Consumer groups oppose any attempt by insurers to spread the costs over the whole U.S. marketplace. Says J. Robert Hunter, head of NICO: "The industry wants all of America to pick up the tab." Insurers deny the charge. Says Edward Young, a group vice president at Allstate: "Rates in Georgia aren't going up because Florida had a hurricane." Another question is whether regulators will allow insurers to charge more in order to replenish their surplus capital. Property-casualty insurers in the U.S. have a total of $160 billion in surplus capital. Analysts estimate that the firms will need...
...Bush promised to rebuild the gutted Homestead Air Force Base, which pumped about $400 million into the local farm-based economy, though logic suggested it should be closed. Bush also agreed to waive the normal 75-25 federal-local split on disaster costs; Washington will pick up the full tab...