The Australian Dollar is Down Under

The Australian Dollar, while recently sinking to 19-year lows, doesn’t seem to have gotten a lot of attention. In fact, the currency has never had the sort of impact on global currency markets as the Yen, the Euro, or the Pound, and even currencies like...

Why California’s Restructuring Failed

Electricity restructuring is a complicated process, in California and across the country. As California faces rolling blackouts and soaring energy prices, the consensus is growing among political activists that restructuring may have been a mistake. Particularly...

Airline Employees Should Be Free To Strike

President Bush has dictated that airline employees may not go on strike for at least two months, and maybe not at all. People like me, who have travel plans next month, should be relieved. Right? Wrong. Why the ingratitude? As much as I want to reach my destination...

Forced to Volunteer

THE TERM “LIBERAL” originally referred politically to those who wanted to liberate people — mainly from the oppressive power of government. That is what it still means in various European countries or in Australia and New Zealand. It is the American...

The Death of Jesse Dirkhising

“Jesse slowly suffocated and died.” A jury heard those chilling words this week in the opening statement of a little-noticed Arkansas trial. A mother heard those heartbreaking words spoken about her 13-year-old son, Jesse Dirkhising, whom prosecutors say...