Earlier this week, George Mason University economist Tyler Cowen asked a provocative question on his popular economics blog: “Should we ban bicycles in major urban areas?” You might think calling for a new regulatory prohibition to be an odd question for someone who also leads a libertarian research organization known as the Mercatus Center. Mr. Cowen was calling attention to recent figures showing that 14 … Continue reading Confessions of a Conservative Cyclist
Here’s a financial trivia question: What does Tupelo, Miss., have that some of America’s largest metro areas, including Atlanta, Phoenix and San Diego, don’t? The answer: at least two midsize or larger banks headquartered there. Tupelo—a town located in the gently rolling hills halfway between Memphis, Tenn., and Birmingham, Ala., and with a population a little shy of 40,000—is the smallest U.S. city to have … Continue reading Bank City USA
Viewed from Pitt and Barbara Hyde’s office perched on the bluffs of Memphis, the Mississippi River appears to meander lazily on its way. But appearances can deceive. The river’s smooth, muddy surface hides a powerful flow of more than 300,000 cubic feet each second, moving boats along at a rate of up to three miles per hour amid threatening eddies and undercurrents. Barbara and Pitt—winners … Continue reading Making Miracles in Memphis
Ecstatic children shriek with delight, piercing the summer humidity. Around a bend in a curving arbor, a playground comes into view. Several dozen kids scurry about, ignoring the summer heat. The first play area features a 15-foot slide, a tower, and a hand-operated fountain. From there, a footpath winds toward a huge bowl of slides and rope ladders, and then loops away to another play circle, where kids swing from maypoles. Curve again, and you see Swiss Family Robinson–style treehouses connected by a suspended rope mesh.
The playground is one of the newest features at Shelby Farms Park, one of America’s largest urban parks. Near the playground, but just inside the shade, chatty parents keep one eye on their kids. Past a stand of mature trees is Pine Lake, where a family unloads a cooler and starts to suspend a piñata. Continue reading “Philanthropy on the Green”