Terry Anderson, D. Bruce Johnsen
Facing the "fiscal cliff," perhaps the president and Congress should start thinking in terms of the "foreclosure crisis." All lenders, whether a local home-loan bank or the Chinese government, expect to be repaid either from the borrower's income or, if that is insufficient, from the sale of assets...
Todd Ben-Dor, a 2010 PERC Lone Mountain Fellow, examines the U.S. ecosystems services market that requires environmental restoration to offset aquatic resource damages. As the need for mitigation banking increases, he has studied forces affecting this growing market.