Indignation, Inc.

A recent front-page story in The New York Times was headlined: “In Ecuador’s Banana Fields, Child Labor is Key to Profits.” This is part of an ongoing orgy of indignation by the intelligentsia at low-paid labor in the Third World. The question they...

Death by the FDA

Wyeth-Ayerst Laboratories has developed an injectable antibiotic called Tigecycline. It can be used to treat resistant pathogens — bacteria that are immune to standard antibiotics. However, the Food and Drug Administration (FDA) has changed the rules for...

Pilots and Guns

In a stunning reversal, California’s liberal Senator Barbara Boxer has come out in favor of allowing airline pilots to carry guns if they wish, while the Bush administration opposes it. Meanwhile, the House of Representatives has passed a bill to permit pilots...

Antarctica Is Cooling?

So the Antarctic is cooling after all. Years of news reports claimed that it was warming, and that gigantic icebergs would calve off and melt, turning New York’s Central Park into a pond. But the boy who cried “wolf” cried once too often. It turns...

Killing Capitalism in Order to Save It

Earlier this year big institutional investors were blithely telling themselves that Enron was just an exception. After all, it was a case of outright fraud. How often does that happen? And sure, every company cooks the books a little. But we expect it of them and make...

The Soft Bigotry of President Bush?

“The soft bigotry of low expectations.” President George W. Bush once used this expression to chastise America’s education establishment for the underperformance of minorities, specifically blacks and Latinos. Bush urged teachers and administrators...

The Democrats’ Bad, Bad Boy

If Rep. James P. Moran of Virginia were a Republican, he’d be a household name by now — right up there in the infamous conservative pantheon with Jesse Helms, Strom Thurmond and Newt Gingrich. He’d be lambasted by leading opinion-makers for his...

Living Through a Bear Market

As the stock market falls for the third straight year — something that hasn’t happened since 1941 — I get asked three questions: 1. When will it end? 2. Why is it happening? 3. What should I do? The third question is by far the most important, and...

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