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If you think education is expensive, try foreclosure.

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This year’s collapse of mortgage lending—also rendered as a crisis, a bubble bursting, the inevitable result of misguided policy x, and so on—has gotten a lot of press recently. In response, some have called for more regulation, tighter credit, or another solution that’ll make the problem worse. In welcome contrast, this Springfield Republican story highlights the first requisite of a healthy marketplace: well-informed buyers and sellers. HAP, Inc. led by Pioneer author Peter Gagliardi, helps both lenders and borrowers know exactly what they’re getting into. HAP’s “Yes You Can” homebuyers’ fair offers good rates and clearly stated terms to borrowers—but only those who’ve taken the time to learn more about home finance. In turn, HAP introduces those educated buyers to […]

Only big businesses move, right? Wrong!

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Even if we lose all our headquarters, even if big business expansions go elsewhere, we can always count on small businesses to stay here and grow, right? Wrong. We’ve all heard the constant drumbeat about Fidelity’s moves and expansions elsewhere—they’re going to New Hampshire, packing off to North Carolina, they’ve been lassoed by Texas, and they have a great base in my lovely birth state Li’l Rhodey. A small digression in defense of Rhodey for you Mass snobs who can only venture to Plum Island, the Cape or Vineyard: Rhode Island has everything you could want—coffee syrup, Saugy hot dogs, the Cranston accent can cut through any clump of earwax, and the beaches are Florida compared to Salisbury and anything […]

Holy Reconstitutions, Batman!

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All right, so the Governor has made a $1 billion bet on the biotech industry. And he is also betting that there will be 15,000 jobs at the end of the $1.4 billion New Bedford-Fall River rainbow—I mean, rail line. All this suggests that he will be a betting man on gambling as well. But before you go and cancel your bus tickets to Foxwoods, we have another pretty big gamble coming up in the next couple of weeks. Governor Patrick is widely rumored to have up his sleeve an ace that will please the unions, superintendents, and school committees—a reconstitution of the Board of Education and the creation of a Secretary of Education. The Secretary’s post, according to the […]

A Troubling Pattern Emerging?

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Friday’s Globe has two articles on recent actions by the Governor — a view on his $1B biotech initiative and news of a $3.6 million bailout for the dairy industry. The biotech story discusses how this funding will help start-up companies through the ‘valley of death’ when financing is scarce. Having had a ringside seat to the internet bubble’s expansion and eventual collapse, I’d suggest that the valley of death has some utility and the notion that the government understands the science and market well enough to determine who should make it through strikes me as highly unlikely. The dairy farmer bailout is more direct. Dispensing with the typical niceties of concealing subsidies in tax credits or rebates, the bailout […]

Please, sir, I want some more.

/0 Comments/in , /by Liam Day

In case you no longer listen to the radio, the Massachusetts Teachers Association last month launched a new ad campaign in which the voices of six students are heard asking for support for public education – from their parents, their communities and their government. As a former public school teacher, this ad annoys me for two reasons. 1) It reminds me yet again of the frustration I felt as a teacher that, though it was bad enough my salary was pittance because so much of school budgets are wasted, my take home pay was just that little bit smaller because I was required, without consent, to pay union dues that went to prop up a second bloated bureacracy and air […]