Tired of Race?

University of California Regent Ward Connerly, who led the fight that ended group preferences in California state government, has moved on to promote an initiative that would forbid state agencies from identifying individuals by race. Decades ago, such a proposal was...

Fidel’s Fig Leaf for A “Useful Idiot”

Fidel Castro loathes anyone who champions freedom and democracy, but for Vladimiro Roca, who was freed this week after nearly five years in prison, he harbors a particular hatred. Roca is a scion of Cuba’s communist elite. His father was Blas Roca, a founding...

Gore’s Grossing

When former Vice President Al Gore takes pen to paper – or computer to email – he seemingly can’t avoid engaging in hyperbole. Thus, it is no surprise the man who wrote that we live in “a dysfunctional civilization” in Earth in the...

The New High Plateau: The Valuation Conundrum

The best reasons for the current era of high equity valuations aren’t very good. Just a few weeks before the great stock market crash of 1929, America’s first celebrity economist, Irving Fisher, made one of history’s worst market calls when he said,...

Analyze This

For the past 10 months, the attorney general of New York, Eliot Spitzer, has been investigating Merrill Lynch & Co. Although he hasn’t charged anyone with a crime, he has accused the firm of misleading customers by hyping stocks to win investment-banking...