Miracle grow is suing a small organic fertilizer company called “Terracycle” because Terracycle’s packaging is just too similar to MiracleGrow’s and because Terracycle audaciously claims that their completely organic worm-composting system is healthier for crops than the chemical stuff.
Megan McArdle astutely explains why Clinton’s plan for the housing market is a very bad idea:
This is, of course, very nice for the people who bought more house than they can afford. It will not be so nice for anyone who wants to get a subprime mortgage in the future, since this move will probably destroy that market for at least a decade or so to come. It will, of course, be very bad for anyone who happens to be a mortgage lender–aka the people the rest of us want to borrow money from in order to buy houses. This move will leave them with a lot less money to loan out to anyone else, so hello, higher mortgage rates. Higher mortgage rates, for those following along at home, generally mean lower house prices, which means that the problem of negative equity will get worse.
In other words, Senator Clinton would like to destroy the mortgage market in order to save it.
Possible responses:
Democrats: ”You mean screwing with the market can screw up the market?”
Republicans: “Can I keep my job in Congress if I do this?”
Liberals: “McArdle doesn’t care about people!”
Conservatives: “What does it matter? We don’t exist anymore!”
The Market: “Really, I can breathe without a respirator”
