Florida property insurers would need to raise rates by more than 70% to reach a 14% ROE target, according to Aon Benfield.
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Letter From Chicago: Fools, Dancing and Otherwise
Guest columnist Ann C. Logue on Rahm Emanuel’s labor negotiations, how Stand For Children got the votes it needed to limit collective bargaining rights for Illinois teachers, and saggy pants bans.
Debt Debate Should be Over Lowering the Ceiling Instead of Raising It, Says Ludwig von Mises Institute Economist
As Washington negotiates a debt ceiling-raising deal, and panic sets in about the consequences of that deal not being reached before the default date, Mark Thornton, an economist and senior fellow at the Ludwig von Mises Institute in Auburn, Alabama, argues that the debt ceiling shouldn’t be raised at all. In fact, Thornton argues, it should be lowered.
Letter From Columbus: One Encouraging Sign
Ohio director Alan B. Smith thinks the opposition is too busy brooding to acknowledge the good things happening in Ohio’s economy, like the upgrade from “negative” to “stable” by Standard & Poor’s.
Eli Lehrer thinks Obama nominee Rebecca Wodder – the former head of American Rivers – has a lot to offer small-government conservatives. He thinks that Texas Governor Rick Perry’s record should give pause to small-government conservatives. And he thinks that the current lineup of wannabe Presidents skews odd. Very odd.
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