Moats and Investing

“All happy families resemble one another, but each unhappy family is unhappy in its own way,” wrote Tolstoy in “Anna Karenina.” You could say the same for stocks. All happy stocks are pretty much alike, while unhappy stocks lose their value for...

Learning from the Mistakes of Oslo

Can the “road map” that President Bush just launched do better than the dismal failure of prior Palestinian-Israeli diplomacy? Yes – if it avoids making the same mistakes. The failure of the last round was foreshadowed at its very start, on Sept. 13,...

Old Europe Grows Older

The handshakes in Evian were polite. The conversations were civil. Unlike the tens of thousands of European demonstrators who took to the streets to protest, none of the presidents or prime ministers at last week’s Group of Eight summit in France raised his...

Accountability in Sports–and Teaching

Major league umpires are complaining about an electronic device that is being used to check how accurately they are calling balls and strikes. They say that the device itself is too variable to be relied on. Whatever the merits of each side in this issue, it all...

New York Times and the Child Tax Credit

Conservatives everywhere were celebrating last week with the announcement that Howell Raines was forced out as executive editor of The New York Times. Raines had pushed the paper yet further to the left and had done so in ways that were intended to be as irritating to...

Star Wars: Why We Need a Missile-Defense System

Let’s face it: Perfect safety doesn’t exist. No matter what we do, there will always be those who want to kill us because they hate our freedoms, because they hate freedom, or just because they hate Americans.That’s why we need a missile-defense...

The Fat Police and Mandatory Menu Labels

The fat cops are on the prowl again. Not content with the current spate of obesity-inspired lawsuits, “nutrition” interests have taken to the state legislatures, looking to pass “menu labeling” laws that will pave the way for, yes, even more...