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News from March 28, 2008

Parsing Obama’s Financial Regulation Speech

Striving to eliminate the risk of occasional market blips risks eliminating the space within which creative entrepreneurs function. Think of a child so swaddled in protective gear that they cannot even play. Put another way, there is both an economic and ethical case to be made for a limited social safety net. Attempting to drape a safety net under the entire economy, however, turns the federal government into an insurer of the entire economy and, as such, carries a serious moral hazard problem.

So what does Obama propose?

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ChiTrib Blogger: Fake Blood-splattering Protesters a 'Frustrated Faction' of Catholic Church

If you ask the average man on the street, regardless of his religion, he’d probably tell you that anyone who would disrupt an Easter Mass with a political protest—complete with stage blood and attempted “die-in”—is a jerk with little if any reverence for God or the sanctity of a church as a place of worship.

But according to the Chicago Tribune’s Manya Brachear the so-called Catholic Schoolgirls Against the War are representative of a “frustrated faction” of Catholic faithful (emphasis mine):

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No, we want that one

Forty-second Ward alderman Brendan Reilly says he didn’t get very far when he sat down with officials from the Chicago Children’s Museum earlier this week to talk about potential sites for their new facility. They’re only interested in one: Grant Park.

“They’ve refused to consider any other locations, and they’ve defined their parameters so narrowly that it will be practically impossible to find a place for them anywhere but Grant Park,” he says.

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Chicago Photos
Chicago Cultural Center - Tiffany Dome