The Accidental AG

john.ashcroft.jpgGQ interviews former Attorney General John Ashcroft and it’s an interesting read. For example, the following is Ashcroft’s explanation on how he got into politics:

The way my life unfolded would have required the kind of vision that could make a man rich overnight. I mean, look at my career. I started out as a teacher. After five and a half years, the congressman from my district decides heís resigning, so I decide to go and sign up. I couldnít even name the counties in the district, but I said, ìWell, Iím going to make an American election out of this.î So I go out with more naÔvetÈ than you could get in two dump trucks and a coal train. And it turns out that there are two other kooksóI put myself in the categoryówho also sign up. So it becomes a four-man primary, and I lose. But little did I know that in losing, Iíd get the attention of the man who was being elected governor, Kit Bond, and his election would mean he vacated his position as state auditor, so he would appoint me to replace him. Now, if I had figured that out in advance, you would think that this is a guy whose counsel I should seek, because he can see around corners. But thatís the story of my life.

In another part of the interview, Ashcroft talks about one of his weaknesses:

You mentioned public outreach as a failure. What other failures did you have?
Oh, my gosh. How much time do you have? One thing, Iím too hasty to make decisions. Sometimes I think that Iím so right that I donít need to consider things carefully. Thatís when I have to be very careful. One good thing about the Justice Department is that there are lots of bright people. I mean, where theyíre used to flyspecking: ìNot so fast there.î ìAnd on the other hand.î ìHave you thought about this?î I staged meetings just for that purposeóto guard against my own propensity to make a snap judgment.

H’mm. Looks as if someone missed the “have you thought this through” meeting on the Justice Department’s decision to prosecute Arthur Andersen out of business.

Houston’s hot real estate market

neighborhood_map5.gifWhile many U.S. real estate markets are cooling off, this Wall Street Journal ($) article reports that the Houston real estate market continues to march forward:

This sprawling city missed the real-estate boom that sent home prices soaring on the East and West coasts. Now, with much of the nation’s housing market in retreat, it has yet to feel even a tremor.
In September, local sales of single-family homes and condominiums were up 17.7% from a year earlier, logging their 32nd straight month of increase, according to the Houston Association of Realtors. The median price of an existing single-family home: $143,400, up 3%.
By contrast, nationwide sales of residential real estate fell 14.2% in September, according to the National Association of Realtors. Home prices nationally were down 2.2%, retreating in such former hot spots such as Washington, Boston and San Francisco. The national median sales price for September for existing single-family homes was $219,800, according to the Houston Association of Realtors.

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To vote or not to vote

election-day.jpgIt’s Election Day 2006, and Houston’s foremost political Charles Kuffner passes along that the Texas Secretary of State is predicting that only 36 percent of the registered voters in Texas will cast ballots.
On first impression, such a small turnout seems pretty pathetic.
But on second thought, Greg Mankiw explains why maybe that’s not such a bad thing.
Nonetheless, I hope you vote in the election.