Archive

February 12th, 2016

Uber's surge pricing, applied to smoothies

    How could this be: A "healthy casual" restaurant that demands a 35 percent surcharge if customers want just one kind of fruit in their smoothie, rather than a combination?

    At first, I thought I had read the menu item wrong. Surely, the extra $2 was applied if a customer asked for an additional variety of fruit. But no. When I checked the menu again, the restaurant really was asking customers who opted for no fruit diversity to pay more.

    I asked some friends to help me figure this out. They couldn't. So when I went back to the restaurant, I asked several employees. Two expressed surprise; two others suggested that I had misread the menu; and one provided me with the explanation. It makes sense (though it may not be the best outcome for all).

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

The governors upend the Republican debate

    No debate so far has reshaped the election like the one in New Hampshire on Saturday night. And nothing the rest of the night equaled the first 10 minutes.

    Chris Christie made a full-frontal attack on Marco Rubio. The New Jersey governor had been needling the freshman senator from Florida, ridiculing him as a fourth-grader looking for his new desk on the Senate floor and calling him the "boy in the bubble." No one would have been surprised had Christie gone too far, but he didn't. Governors do things, senators talk about doing things at hearings and occasionally vote on them. Although Rubio, as Christie pointed out, hasn't even done much voting.

    "You have not been involved in a consequential decision where you have had to be held accountable," Christie scolded him.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

Scorched-earth campaign may cost next president

    There is a red and blue political divide in the U.S. that this election is only exacerbating, with consequences for governing.

    Presidential campaigns are about choices, differences, especially between the parties. The 2016 divide between Republicans and Democrats is more intense and polarizing than usual.

    Two of the leading contenders, Sen. Ted Cruz, on the Republican side, and Sen. Bernie Sanders, who is seeking the Democratic nomination, openly declare that this is a "base" election focused more on bringing out hard-core committed supporters than on trying to persuade more independent-minded folks. Their impressive showings in the Iowa Caucuses -- Cruz won, and Sanders almost did -- reinforce that. And among billionaire Donald Trump's attributes, political consensus-building isn't at the top of the list.

    Even after the New Hampshire primary this week winnows the field, Hillary Clinton will still be the favorite to win the Democratic nomination, and Marco Rubio will be one of the three or four Republican finalists.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

Sanders is late to the revolution on Wall Street

    If there is one presidential candidate who embodies the nation's lingering post-2008 rage at Wall Street, that surely has to be Vermont Sen. Bernie Sanders. No other candidate has argued as strenuously for financial reform, or used rhetoric that so forcefully paints a struggle between the financial industry and the rest of the economy. Whether that narrative is accurate, Sanders' concrete proposals give the impression that he hasn't carefully evaluated the policy landscape.

    Some of the things Sanders is suggesting have largely been done. For example, he recently declared that in its first 100 days, his administration would "create a list of too-big-to-fail banks and insurance companies." Such a list already exists. Under the Dodd-Frank Act of 2010, the Financial Stability Oversight Council -- a branch of the Treasury Department -- must maintain a list of systemically important financial institutions (SIFIs) -- that is, banks, brokerage firms and insurance companies that are considered too big to fail because their collapse would endanger the financial system. So Sanders' proposal is already reality.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

Payday lenders lose their tribal-law loophole

    Can a payday lender's contract require all borrowers' disputes be subject to an arbitration process in which decisions are exempt from federal law? In a decision announced this week with potential consequences for millions of contracts signed every day, the U.S. Court of Appeals for the 4th Circuit has said no. The decision shines a light on a particularly disreputable instance of the generally worrisome phenomenon of payday loans. Its importance, however, touches on broader issues, including the sovereignty of Indian tribes.

    The facts of the case, Hayes v. Delbert, are pretty shocking -- and probably affected the outcome to some degree. James Hayes of Virginia borrowed $2,525 in 2012 from payday lender Western Sky Financial LLC, which transferred the loan to Delbert Services Corp. to service it. The four-year loan had an annual interest rate of 139.12 percent.

    Yes, you read that right. Over the life of the loan, Hayes owed $14,093.12. Although triple-digit interest rates are indeed typical for many payday loans, that's not the shocking part of the story.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

Pay-for-peace proposal isn't a crazy idea

    I know. It sounds totally preposterous. Paying criminals not to commit crimes.

    The D.C. Council unanimously voted for this bananas-sounding plan last week.

    A Hail Mary scheme to cut the increase in the crime rate in the nation's ever-glammier capital would handpick about 50 of the city's most violent, likely-to-regress young offenders and pay them about $9,000 annually to be good.

    This sounds almost like a dystopian Margaret Atwood novel.

    Did the mafia take over the D.C. Council's brains? Because how isn't this an extortion racket?

    And is there retroactive payback for all my law-abiding years in the city? I can use $150,000 just about now. Or maybe I need to go commit a crime so I can get my government payout.

    And what next? Reverse speed cameras that send you checks in the mail for going under the speed limit?

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

Now let us celebrate the American voter

    As a first-timer covering the presidential campaign, I expected to confirm the widely held impression that the process is dominated by vested interests, big money and powerful parties operating in the background. To my surprise, I found instead a process that can be taken at face value, in spite of the hype and intrigue. My biggest discovery was that whatever goes on in back rooms, spin rooms and newsrooms, the ordinary voter always is the central character in the drama, and the best way to understand the campaign is from the voter's point of view.

    In New Hampshire, I met Carl Toepel, 76, of Howards Grove, Wisconsin. His red baseball cap was bedecked with pins he has picked up as he traveled around the country to hear candidates during every electoral cycle. Toepel, a retired school principal, is a Republican, and he proudly noted that he has attended 10 of the party's national conventions -- once as a delegate. "I love American history, and this way I get a front-row seat," he said.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

'Normal' Republicans rise in New Hampshire

    As he launched his New Hampshire door- to-door campaign on Saturday, Ohio Gov. John Kasich said something surprising. "This is not a campaign," he told volunteers and reporters in front of the bus he's pretty much lived in for more than a month. "This is a movement."

    I've heard this phrase from Vermont Sen. Bernie Sanders, Texas Sen. Ted Cruz and billionaire Donald Trump, and it was clear what they were talking about. Sanders' movement is socialist and anti-big business. Cruz's is one of a religious, ultraconservative revanche. Trump's is a charismatic, nihilistic one.

    It's much harder to define what Kasich is talking about. The former Lehman Brothers banker's presidential bid is based on his record as a skilled, conservative, hands-on executive, not on any grand idea or his personal charisma. Yet there is potential for a "movement" of which Kasich could be part, along with former Florida Gov. Jeb Bush and New Jersey Gov. Chris Christie.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

Good news about trade-off economics

    Trade-offs have long been at the center of economics. The aphorism "there is no such thing as a free lunch" captures a central economic idea: You cannot get something for nothing. Among the many trade-offs emphasized in economics courses are guns vs. butter, public vs. private, efficiency vs. equity, environmental protection vs. economic growth, consumption vs. investment, inflation vs. unemployment, quality vs. quantity or cost and short-term vs. long-term performance.

    Just as families with limited incomes have to make decisions about what they will and will not buy, societies face trade-offs. Economists are right when they emphasize the need to choose between competing objectives in designing policies.

    Trade-off economics helps explain political gridlock. If all change produces winners and losers, and if democratic safeguards mean that veto power is promiscuously distributed, it is hardly surprising that relatively little change takes place.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!

Decision day in New Hampshire

    As New Hampshire primary voters go to the polls today, they will choose among candidates in both parties who in most cases have taken off their velvet gloves and starting swinging.

    In the final Republican debate Saturday night, former Florida Gov. Jeb Bush, fighting for survival, gave perhaps the best accounting of himself yet in an exchange with Donald Trump over eminent domain. Bush called out the real-estate magnate on an Atlantic City hotel deal, charging him with forcing an elderly woman out of her home to make way for parking space. At one point, Trump put his finger to his lips and instructed Bush to "be quiet," leading some in the debate audience to boo.

    But a more restrained Trump pretty much ignored Texas Sen. Ted Cruz, who had beaten him in the Iowa caucuses, and left to Bush and New Jersey Gov. Chris Christie to go after Florida Sen. Marco Rubio, the surprising third-place finisher In Iowa.

Full text and e-editions are available to premium subscribers only. To subscribe to the digital edition, please visit subscription page. If you are already a subscriber, please login to the site.

We'd be happy to set up login information for a free week of the Liberal Opinion Week website for you. Please email liberal@iowaconnect.com with your request. Thanks for your interest in the Liberal!