Thursday, May 12, 2011

Spenser's last case? Apparently not.

Robert B. Parker was a seminal figure in mystery writing. He died suddenly from a heart attack in January 2010 -- appropriately, at his desk, writing. With his passing, we lost a visionary who created a world we loved to visit, and characters we began to think of as friends.

He left behind three manuscripts, two final Spenser tales and a Jesse Stone story. But neither of his two detective heroes will die any time soon, if his estate and publishers have their way. In this fine tribute to the author and his creations, Larry Thornberry tells us, with grave misgivings, that a couple of writers have been enlisted to continue feeding the New York publishing cash cow. Read all about it.

Wednesday, May 11, 2011

Team Obama is trying to create a new housing bubble

Unsatisfied that its egalitarian Narrative has wreaked sufficient havoc already in the housing industry, the Obama administration is once again trying to force banks to loan money to bad credit risks.
At the Justice Dept., a new 20-person unit dedicated to fair lending issues received a record number of discrimination referrals from regulators in 2010 and has dozens of open cases, according to a recent agency report. Potential penalties can reach into the millions of dollars. "We are using every tool in our arsenal to combat lending discrimination," Thomas E. Perez, the assistant attorney general for the Civil Rights Div., told a conference of community development advocates in Washington in April.

To some banks the crackdown has come as a surprise, say consultants and lawyers representing financial institutions in discussions with regulators. Like Midwest BankCentre, some lenders are being cited for failing to operate in minority and low-income census tracts near their branches, even when they have never done business there before. . . .

Bank lobbyists say the stepped-up government scrutiny could backfire if financial institutions decide to shrink their operations rather than yield to pressure to do business in areas that don't make sense for them.
Of course, if lenders capitulate to the government intimidation and make more bad loans, in the name of "non-discrimination," that will only inflate a new housing bubble: Unqualified borrowers will once again buy more house than they can afford, and that will set up a new scenario for another housing-market collapse.

When it comes to lending, "anti-discrimination" is just a euphemism for "lack of standards." It means that "loans" are no longer to be granted to qualified applicants, but instead are to be treated as a welfare program: as a government "entitlement" benefit to the unqualified, with taxpayers ultimately underwriting all of the catastrophic losses that will result.

Such facts and logic, supported by the bitter experience of the past few years, should offer obvious lessons to liberals. But how can facts, logic, and experience possibly compete with a Moral Narrative about "equality" that isn't drawn from reality, but from a fantasy that is imposed on reality?

Tuesday, May 10, 2011

Cancer's cruelty: Christopher Hitchens's lost power of speech

I want to link to this heart-breaking account by Christopher Hitchens of his lost ability to speak. This is such a cruel tragedy. His was the voice of a god; but now his cancer has robbed him, and us, of its majesty.

Yet still the man can write, probably better than anyone else wielding the English language. This poignantly personal essay is glorious proof.