California’s Philosophical Blackout

With the arrival of summer’s sweltering heat, California’s electricity demand will rise as people engage in the perfectly natural act of manipulating the environment, as through air-conditioning, to make life better. But electricity supply will not be able...

The Scientist Trap

Ten days ago, we saw the headlines: “Panel Tells Bush Global Warming is Getting Worse.” According to dozens of press accounts, a panel of distinguished climatologists from the National Academy of Sciences had provided new confirmation that “global...

Point of Disorder

What to make of this completely crazed market? It’s simple (but that doesn’t make it any more bearable): we’re right on a major cusp. Four critical indices — the NASDAQ Composite, the Russell 2000, the Wilshire Total Market Value Index, and the...