[This Commentary originally appeared in the June 7, 1990 issue of The Mendon-Honeoye Falls-Lima Sentinel.]
The Commodity Futures Trading Commission (CFTC) currently has regulatory responsibility for stock index futures. The Bush administration recently announced plans to introduce legislation shifting control to the Securities Exchange Commission (SEC). Both Investor’s Daily and The Wall Street Journal have faithfully presented both sides of the debate.
The critical questions, however, relate not to who’s in charge, but to the impetus behind the territorial maneuvering. In analyzing the 1987 stock market crash, official Washington, the news media and even some well respected financial gurus have blamed stock index futures – in particular their use in program trading – for the Continue Reading “D.C. Turf Wars”
Mendon Water Tower Redux
[This Commentary originally appeared in the June 14, 1990 issue of The Mendon-Honeoye Falls-Lima Sentinel.]
You can look elsewhere in this paper for a report on the June 7 meeting between concerned Mendon citizens and the Monroe County Water Authority (MCWA). The following merely comments on those proceedings in as fair and unbiased a fashion one can expect from a resident of Mendon.
The meeting last Thursday night showed a few interesting things. First, it looks like everyone agrees we’ve got a water problem in southeast Mendon. Second, those Continue Reading “Mendon Water Tower Redux”