Practice What You Print: NY Times on Stock Options
There’s a game of “can you top this?” going on, with the Senate, the House, and the White House all trying to one-up each other to see who can talk the toughest tough-talk about corporate crooks. The media sits on the sidelines, egging on the...Bill Amendment: Just Another Veiled Attack on Private Property
The recently passed amendment to the Senate’s Sarbanes bill preventing corporations from making loans to their officers is just another step in the socialization of private property in America — and must be fought on that basis. The concept of property...Stock Market: Cheap and Unstable
As of yesterday’s close, the S&P 500 has lost 46.2% on a total return basis (including receipt of dividends) since the top in 2000. That exceeds the loss of 45.1% in the 1973-74 bear market — but it’s still shy of the 49.9% lost in the 1937-38...The ACLU vs. American Liberty
The American Civil Liberties Union recently released a white paper admitting that it is not particularly concerned with defending free speech. But not to worry, this does not make the ACLU purposeless: according to the paper, the leaders in the ACLU derive just as...China as a Model for ‘Sustainable Development’?
There’s an old maxim in moral philosophy that says, “the ends never justify the means.” Of course, lots of utilitarians think that is so much moral posturing and nonsense. They proffer hypothetical arguments to debunk that maxim, such as: “If...Prescription Drug Benefits Violate the Rights of Drug Companies
As both Democratic and Republican proposals to provide prescription drug benefits for the elderly failed in the Senate, members of both parties vowed to try to reach a compromise and get a bill passed as early as next week. Any such bill, if approved, would be a...Voucher Backlash
Opponents of school vouchers have grown desperate in the wake of the Supreme Court’s refusal to outlaw vouchers as violations of the First Amendment. And desperation seldom produces clarity of thought. It was particularly painful to read an outburst by Cynthia...Peace in the Middle East: Democracy Guarantees Nothing
Bush’s assertion that Palestinians should elect someone not “compromised” by terror is regretfully unrealistic.
