— Peter Pitts is president of the Center for Medicine in the Public Interest and a former FDA Associate Commissioner. The views expressed are his own. —
The Great Debate
Tough marijuana laws are driving millions of Americans to a more dangerous mood-altering substance, alcohol. The unintended consequence: violence and thousands of unnecessary deaths. It’s time, therefore, for a serious public debate of the case for marijuana versus alcohol.
— Brian Lee Crowley is the founding president of Atlantic Institute for Market Studies (AIMS), a public policy think tank in Canada (pictured left) and Valentin Petkantchin is director of research at the Paris-and Brussels-based Institut économique Molinari. The views expressed are their own. —
Sometimes a failed lender is just a failed lender.
The relatively small size of CIT Group is a big reason the middle-market lender is headed to the wood chopper as soon as Friday. But the lender’s decision to move aggressively into the world of risky lending and not regroup when troubles in the credit markets first emerged is a classic case of bad decision-making and bad timing striking the mortal blow.