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Moment of truth: Reassessing Obamacare enrollment predictions
In 2025, several organizations predicted Obamacare enrollment in a world without the ACA’s expanded subsidies. That world became reality this year. Some groups’ predictions…
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Spirit Airlines shows mergers may prevent bankruptcies and bailouts
In 2024, Spirit Airlines, financially troubled since the COVID-19 pandemic and lockdowns, sought a lifeline through a merger with JetBlue Airways. Although neither…
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When solar tax incentives overheated, the residential solar market became scorched
Residential solar has long been sold as a win-win for consumers and the environment. It was marketed as an affordable way for homeowners to…
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Student Loans: America’s Next Debt Bomb
I understated things earlier when I wrote that the student loan bubble “may” explode in taxpayers’ faces, as law professor Glenn Reynolds pointed…
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If PBGC Cannot Go On Taking Over Pensions, It Will Stop
Herbert Stein’s law — “If something cannot go on forever, it will stop” — is being proven right once again. This time, what cannot go…
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Structural Factors of the Municipal Pension Crisis
Public employee pensions are sinking local governments. Over the last four years, they have even pushed some municipalities into bankruptcy -- from Vallejo, California, to Central…
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Ma Bell Is Long Gone, but Her Pension Costs Remain
AT&T is asking the Communications Workers of America (CWA), which represents a large segment of its workforce, for benefit concessions, as it tries to rein…
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Bloomberg News: “Boom-Era Property Speculators to Get Foreclosure Aid”
"The Obama administration will extend mortgage assistance . . . to investors who bought multiple homes before the market imploded, helping some speculators who drove…
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A New Wall of Separation: End Corporate Welfare
In his famous letter to the Danbury Baptists, Thomas Jefferson declared the Constitution erected a “wall of separation between church and state.” The Father of…