Best Business Commentary
A backlash over mortgage bailouts. Free wireless Internet initiatives fizzle.
Politicians are misreading our appetite for a subprime mortgage bailout, says Peter Viles in the Los Angeles Times. In one poll, 70 percent of respondents opposed a “taxpayer subprime bailout.” Yet “it’s striking how little attention the views of the anti-bailout bears have gotten.” Many people saw this housing deflation coming “years ago,” and “those patiently waiting out the bubble” to buy are downright angry to now “find themselves crashing a pity party for the very buyers who priced them out of the market.” We should listen to these people as we “deal with the remains of the housing bubble.”
No such thing as a free Internet
The nation’s free wireless Internet initiatives “are dying one by one,” says John Dvorak in MarketWatch. Yes, "”ree universal access to the Internet would be of great benefit to society as a whole,” but the idea just “steps on too many powerful toes.” Notably those of AT&T and Comcast, whose “bags full of money” can pretty easily “derail any sort of free programs that would threaten their businesses.” But that’s par for the course in the U.S. When it comes to communications, we’re always “the last country you can expect to modernize in any meaningful way.”
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- Why Mitt Romney is perfectly poised for a comeback in 2016
- Why is the West so afraid of Islam?
- 8 secrets to steal from power networkers
- How to make classic pulled pork
- The Nazi smart bomb that inspired China's most dangerous weapon
- The best places to find love — and lust — according to science
- Don't vote for Andrew Cuomo
- Here's the schedule very successful people follow every day
- What would a U.S.-Russia war look like?
- How The Killing survived two cancellations and ended on its own terms
Subscribe to the Week