European airlines' ash cloud nightmare

It is the fifth day since the Eyjafjallajokull volcano erupted, sending a cloud of volcanic ash over the European continent, grounding airlines and shutting down airports due to safety concerns. Now, in the face of losing US$200 million per day, the airlines are calling the decision to close air space "a European mess" and IATA, the body that represents the world's airlines, have criticised Europe's governments for their decision to handicap the airline industry.

Could Legalizing Marijuana Solve California's Deficit?

via mint.com

With a bill to legalize marijuana on the November California ballot, the controversy over the prohibition has reached a new high. Supporters see the potential tax revenues as a solution to the state’s mounting budget crisis, while those against argue that the increased use of marijuana will bring with it additional health care costs that far outweigh any economic benefits. We couldn’t think of a more appropriate day than today, 4/20 to take a look at the economic implications of a repeal of the prohibition. Is this a viable plan to get the state out of the weeds or just some kind of reefer madness?