Freeport McMoRan Loss

i read about the Phelps Dodge acquisition. The deal is done.

i've remarked here before about city and state officials maybe shutting the door before ALL the horses get out of the barn. it's just another downer.

The insurance issue desperately needs to be addressed before businesses can be expected to continue operations in the region. then hospitals, schools, airport. but IMO insurance, and the costs and coverages thereof, is snarling absolutely everything.

i don't know whether it has to happen on the federal level or what, but something has to be done. From what i read day to day, i can't even figure out whether the insurance issue is a logjam or a runaway train.