| Subprime Bailout: Good Idea or 'Moral Hazard?'
Saving wounded financial institutions is good for the economy, some economists argue. But others warn against intervention, lest we fall prey to "moral hazard:" Bail out someone who has engaged in risky behavior and you're likely to encourage that behavior in the future. .
Obituaries for Jan. 24
Later, he accepted a job with the Department of the Army, National Guard Bureau, where he worked until retiring in 1971 as the chief of the Construction Branch of the Installation Division. He had over 34 years of government service. Mr. Pennock was a Free Mason of Columbia Lodge No. 285 for over 60 years. He was a long-standing member of the Clarendon United Methodist Church in Arlington, where he was called on to repair the stained glass windows at his church. He was skilled at making leaded glass ornaments for Christmas and other special occasions. He was an enthusiastic golfer and avid reader. He and his wife traveled around the country, Canada and Europe during his retirement. He traced his ancestry back to the late 17th century, to Christopher Pennock who received a land grant through William Penn.
U.S. helium supply is deflating
ST. LOUIS - Listen up, prank callers and party clowns.
The nation's supply of helium - the gas that has given rise to millions of party balloons and Donald Duck voices - is dwindling. In fact, the managers of the nation's lone helium reserve, in Texas, expect it to be depleted within 10 years.
"It's a bad pun, and I've used it before, but the nation's demand for helium has just ballooned in recent years," said Hans Stuart, a spokesman for the New Mexico Bureau of Land Management, which oversees the federal helium reserve near Amarillo.
Medicine, industry and science depend heavily on helium. It plays a significant role in nuclear magnetic resonance, welding, fiber optics and computer microchip production. NASA uses large amounts annually to pressurize space shuttle fuel tanks.
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