Apparently, the government is predicting that it will lose up to three billion dollars in loans made for alternative energy out of a total twenty-four billion dollar program. Sounds pretty bad, right--a loss ratio of 12%, right?
Nope. Actually, only 8.3 billion dollars have been loaned out, so we're predicting about a 35% loss ratio. In short, you'd do better "investing" at the house that Bugsy Siegel built. And in further honor of Mr. Siegel, and in apology for posting a song from Donny Osmond's teen years, here you go.
The North Loop Is Burning!, Part II: Kotkin Was Right! - A few years ago, we wrote about an article by urban planner Joel Kotkin. Kotkin is a left-leaning urban planning type – is there any other kind? But he’s...
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