Archive | March, 2002

The IQ Exemption

The never-ending battle of the left to keep people from being held responsible for the consequences of their own actions is now in the Supreme Court of the United States, where the justices are being urged to exempt murderers from the death penalty if they score below some number on the IQ scale. Many of […]

Shame on Casey Martin: Calling for the Government Takeover of Golf

When a supporter of Tonya Harding attacked Olympic skating rival Nancy Kerrigan back in 1994, clubbing Kerrigan’s right knee and leaving her writhing in pain, the legal system sprang to the victim’s defense. The attacker was caught and punished for his disgraceful attempt to eliminate a superior competitor through brute force. But now, seven years […]

Social Security: The Enron That Politicians Have In the Closet

If even half the things that Enron is charged with are true, then some of the company’s top brass should get a few decades behind bars to think over what a dirty thing they have done to so many other people, who trusted them and depended on them. But that is something for courts of […]

Beware Beijing: Stand up for the Republic of China (Taiwan)

Given the warmth that’s emanating from the North Pacific as George W. Bush visits Beijing this week, it’s hard to believe that the United States’ leading foreign-policy concerns before Sept. 11 were China’s downing of a U.S. military surveillance plane, its opposition to missile defense, and its opposition to the U.S. selling Taiwan a major […]

Bush Turns Enron Green

On Aug. 4, 1997, Kenneth L. Lay, the chairman of Enron Corp., met with Bill Clinton, Al Gore and Treasury Secretary Bob Rubin to discuss the global-warming conference coming up in Kyoto. Mr. Lay was an enthusiastic advocate of the Kyoto climate-change treaty — for two reasons. First, it would set up a “cap-and-trade” system […]

Peace in the Middle East: The Only Solution Is Military

‘We are in a war,” Israel’s Prime Minister Ariel Sharon said last week, referring to his country’s fight with the Palestinians. The Palestinians agree: “This is war,” responded Al-Fatah’s commander on the West Bank, Husayn Shaykh. In fact, Israelis and Palestinians have already been at war for over a year, but their leaders finally acknowledging […]

A New Strategy for Racial Quotas: “Comprehensive Review”

In 1996, California’s voters passed Proposition 209, which outlawed racial quotas for college admission. That didn’t mean the end of the quest for racial quotas and the euphemisms for it: affirmative action, diversity and multiculturalism. The diversity lobby has rigged up a new and devious way around the law and court decisions in order to […]

Cash: The Secret to Spotting Troubled Companies

Could the typical small investor have discovered a year ago that Enron Corp. was on the brink of disaster? It’s highly unlikely. Still, if you looked for the right thing, you never would have bought Enron stock in the first place. The right thing is cash. The earnings statements that obsess Wall Street analysts are […]

The Cost of Academic Integrity

Since the 1960s, academic achievement scores have plummeted, but student grade point averages (GPAs) have skyrocketed. The Academy of Arts and Sciences reports that at Harvard, for instance, A’s were awarded to 46 percent of students in 1996 (versus 22 percent in 1966), and 82 percent Harvard students graduate with honors. Nationally, only 10 percent […]

Dividends: Show Me the Money

To many investors, the lesson of the Enron scandal is never to trust a company’s earnings reports and balance sheets again. But that’s nonsense. Yes, there are unscrupulous corporate managers and auditors out there, but the best way to protect yourself is not to dump stocks and buy Treasury bills but to diversify broadly and […]