Opinion: In today’s pages: Bailouts, algebra and maybe-not-so-stupid Americans
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Rescuing homeowners who ventured into their own unwise and unaffordable mortgages isn’t a popular idea, the Times editorial board acknowledges, but it holds real value for all of us:
Such aid also is consistent with the principle of intervening when the market can’t help itself. Despite the banking industry’s voluntary efforts to help borrowers, statistics compiled by the industry show that the number of loan modifications only recently has caught up to the number of borrowers starting the foreclosure process.
The board also advises the state drop its hasty decision requiring all eighth graders to take algebra by 2011, and begins a series of handy endorsement recaps to help you figure out all those names and issues on the Tuesday ballot.
On the other side of the fold, op-ed writer Jenny Price tells the story of her brother’s murder and why this is no reason to approve the ‘victim’s rights’ promised by the Proposition 9 campaign.
Punishment for murder should not depend on how angry and bereft survivors are, or how beloved the victim was. It should not be proportional to the size of the victim’s family, or to how many family members are willing to go to court or a parole hearing, or to how long they are willing to keep going to hearings.
A senior fellow at the Manhattan Institute is pleased that no one seems to be talking any more about paying reparations to the descendants of slaves in this country, and Joel Stein asserts that he’s an erudite kinda guy even if he doesn’t know at what temperature water boils, what language they speak in Iraq or--well, a bunch of other things.
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