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March 19, 2009

Holy cow gold rose $70 today

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Posted by Jay Hancock at 3:58 PM | | Comments (1)
        

Comments

I wish you would bring your skeptical eye to this horseracing/slots racket. Fundamentally isn't horse racing unsustainable if no one goes to the tracks? What precisely is the great economic benefit of raising and racing horses in Maryland that the state should subsidize it to the tune of hundreds of millions of dollars? IF the state has to have slots parlours to help the budget why does it have to be tied to horse racing? Now because a successful developer (apparently) can develop a proposal for slots in Arundel Mills, this is bad? Because the law failed at successfully earmarking the slots for a politically connected few? I won't even go to the subject of western Maryland and the money the state has sunk into it - but no windmills! Is there something in the water in this state that promotes petty scheming?

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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