Fannie and Freddie: Time to become government agencies again?

The WSJ is reporting that people in the Bush administration are beginning to talk seriously–albeit of course entirely hypothetically–”about what to do in the event mortgage giants Fannie Mae and Freddie Mac falter.” The view from outside the administration is pretty straightforward, the paper reports: If a loss of confidence among investors made it impossible [...]

Did I say “hate”? No, no, I meant “love”

Yesterday, I wrote about Boone Pickens’s plan to plaster the center of the country with windmills. He’s on a PR blitz, trying to convince the country and its politicians—especially those two guys running for President—that we need to go hog wild into wind energy. (Could maybe have something to do with the massive wind farm [...]

McCain gets all disgraceful about Social Security

Josh Marshall has an outraged little post this morning on something that John McCain said about Social Security the other day: McCain told a townhall in Denver on Monday, “Americans have got to understand that. Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America [...]

What do onion prices tell us about oil prices?

A reader asked me a while back what I thought of this little article by my former Fortune colleague Jon Birger about onions: The bulbous root is the only commodity for which futures trading is banned. Back in 1958, onion growers convinced themselves that futures traders (and not the new farms sprouting up in Wisconsin) [...]