Ten Economic Paragraphs Worth Reading: December 23, 2009
Non-Conforming Thirty-Year Fixed-Rate Mortgages?

Washington Post Crashed-and-Burned-and-Smoking Watch

A correspondent emails, apropos of the incredible http://www.washingtoncitypaper.com/blogs/citydesk/2009/12/22/washington-post-sits-on-eyewitness-account/:

The culture within the Post is so beholden to official sources, and so hostile of other published sources, especially on the internet, that I don't see how it can survive for five or ten years. If they don't have a monopoly on the local printing press, setting aside the Moonies of course, why would anyone want to see their so-called reporting? I thought it was mostly a problem with their national political reporting, but it appears to infect their local reporting as well. They simply can't compete like this, and it's not clear how they would go about changing.