An interview with George Soros appeared in the June 2008 edition of Money magazine. Though brief, the interview was both fascinating and useful, as Soros explained why the current financial crisis is so bad and what it means for, well, everyone.

What’s striking, though, is a phrase Soros introduces midway through the interview. He [...]

Fannie Mae and Freddie Mac have been in the news a lot recently. But just what are these entities? Are they government agencies or private corporations? It seems that few media pundits or even politicians really know. But what everyone does seem to know—or at least, opine—is that we can’t let these institutions fail.
Why [...]

In December 2007 a federal judge in Oklahoma threw out a lawsuit against a statewide law that forbids hiring illegal immigrants. According to the Greater Oklahoma City Chamber of Commerce, the local businesses now have to deal with the fallout on the economy. It estimates that 20% of the city’s construction labor force – about [...]