Washington Post (April 2)
“Though some visitors to China, dazzled by the high-rises and humming factories, may miss the point, the true sources of long-run stability and prosperity, for any nation, are the rule of law and transparent government. China still has neither.”
Tags: China, Government, Law, Prosperity, Transparency
New York Times (November 27)
With popular support, Alabama adopted a strict law to cut down on illegal immigrants, who constituted over 4% of Alabama’s work force. The results have been costly and support is waning. The price of intolerance is proving too high. “Farmers can tally the cost of crops left to rot as workers flee. Governments can calculate the loss of revenues when taxpayers flee. It’s harder to measure the price of a ruined business reputation or the value of investments lost or productivity lost.”
Tags: Farmers, Illegal workers, Immigrants, Law, Tax, U.S.
Boston Globe (October 25)
The state’s Supreme Judicial Court sent shock waves through the real estate industry last week. In a ruling which could impact thousands of other home purchases, the Court ruled that a man who purchased a foreclosed property five years ago “doesn’t actually hold title to the property…because the bank had illegally seized the property from its former owner.” Big banks failed to follow “the most basic, common-sense aspects of the law.” Now a cloud hangs over other homeowners who could face the same situation.
Tags: Banks, Foreclosures, Homeowners, Law
