Bill Gates on Fighting Poverty

In Bobos in Paradise, David Brooks described a society in which the boundaries that once separated establishment from counter culture have disappeared. “The members of the new information age elite are bourgeois bohemians,” Brooks observed—“Bobos.”

The term might not have a congratulatory ring to it, but Brooks applauded Bobos as “the ones who can . . . → Read More: Bill Gates on Fighting Poverty

Another Reason Why the Housing Rescue Bill Will Fail

The Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) together own or guarantee almost half of the $12 trillion home mortgage debt. These are two of the largest financial institutions in the country.

Although Freddie Mac and Fannie Mae are government sponsored enterprises, they are privately owned. . . . → Read More: Another Reason Why the Housing Rescue Bill Will Fail