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  Bollinger and the New York Fed When the financial "reform" bill proposed to have the president appoint the chairman of the New York Federal Reserve, the Wall Street Journal saddled up its highest horse and wrote an editorial denouncing what it called "politicizing the Federal Reserve." So who do we get as chairman of the New York Fed under the supposedly apolitical system that the Journal editorialists were defending? None other than Lee Bollinger, the $1.38 million a year president of Columbia University, who even the Journal's news department, citing his use of eminent domain for campus expansion, his advocacy of taxpayer subsidies for news, his ban on ROTC at Columbia's campus while welcoming Iranian president Mahmoud Ahmadinejad, can figure out is a left-winger. WSJ on the Giving Pledge The Wall Street Journal has two noteworthy pieces on the Giving Pledge, the Bill Gates-Warren Buffett effort to get billionaires to pledge half their assets to charity. Evan Newmark has a column describing the pledges as "condescending, nearly cartoonish PR exercises – the exact opposite of good leadership." He suggests the effort is somehow linked to tax increases: "in terms of public perception, is there better cover for higher taxes than America's 'wealthy' giving their money away?" Bollinger and the New York Fed When the financial "reform" bill proposed to have the president appoint the chairman of the New York Federal Reserve, the Wall Street Journal saddled up its highest horse and wrote an editorial denouncing what it called "politicizing the Federal Reserve." So who do we get as chairman of the New York Fed under the supposedly apolitical system that the Journal editorialists were defending? None other than Lee Bollinger, the $1.38 million a year president of Columbia University, who even the Journal's news department, citing his use of eminent domain for campus expansion, his advocacy of taxpayer subsidies for news, his ban on ROTC at Columbia's campus while welcoming Iranian president Mahmoud Ahmadinejad, can figure out is a left-winger. WSJ on the Giving Pledge The Wall Street Journal has two noteworthy pieces on the Giving Pledge, the Bill Gates-Warren Buffett effort to get billionaires to pledge half their assets to charity. Evan Newmark has a column describing the pledges as "condescending, nearly cartoonish PR exercises – the exact opposite of good leadership." He suggests the effort is somehow linked to tax increases: "in terms of public perception, is there better cover for higher taxes than America's 'wealthy' giving their money away?"
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Michael CorkeryAge:
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