In the news….

I’ve been avoiding writing about Morgentaler “controversy” mainly because it’s a completely manufactured outrage coming from the singular quarters of the Catholic Church. I note it here today only because the Montreal Gazette has posted an excellent editorial on the matter.

And in other news I also think it’s a good thing that the government has announced that it’s no longer insuring mortgages with 0 money down and 40-year ammortization periods. To do otherwise just encourages the predatory lending practices that created the foreclosure crisis in the US, not to mention destroys people’s lives and credit. Not to mention the fact that 40-year ammortization periods simply hand money to banks (to build equity in that situation relies on a market continually being pushed upwards as your payments alone won’t do it).