The self-repairing economy
An architectural firm in Omaha is experiencing a lot of growth because there's a lot of pent-up demand on the part of growing businesses. An executive at one of the businesses profiled says, "Bids are less because of the competitive climate right now". And that's exactly how the economy recovers: Sellers of goods and services lower their prices as demand falls, opportunistic buyers step in, and things slowly get back to normal. "Stimulus" programs rarely act suitably to manage the need. Likewise, we should be deeply skeptical of "economic-development" incentive packages. The economic war between the states is absurd -- if the companies receiving the incentives (that it seems every state and county and municipality are offering) wouldn't otherwise leave the country, but instead are simply picking and choosing among the states, then, on balance, the taxpayers as a whole are subsidizing a totally unproductive economic activity at their own expense and to the benefit of the private companies that have the connections necessary to get the incentives. It is perfectly rational both for the companies to pursue those incentives (after all, it's often free money), and it is reasonably rational for governments to offer them (because if they don't, some other community will and thus will get the expanded tax base). The system itself is flawed and really requires intervention by the Federal government to stop the madness.
No more F-16s at the Des Moines International Airport
The Senate has approved a $633 billion defense bill, and it includes a retirement for the F-16 unit at Des Moines. They'll be replaced by a group flying UAVs.
About that blizzard the other day...
It was an unusually strong storm to blow through, and the energy in the atmosphere was enough to create thundersnow. And driving in it was no pleasure, either.