Chips on the Dips?

You may have heard of the “chips on the dips” investment strategy. The idea is to buy stock in the major semiconductor firms whenever their shares fall more than 50 percent below their previous highs. While the computer-chip business is famously volatile,...

Taxing the Living and the Dead

The all-out attempt in the media to scare us away from tax cuts was epitomized by a Newsweek cover with the caption: “Bush’s $1.6 trillion gamble.” In other words, it is a gamble to let people keep their own money, but apparently it is safe to put...

The Debt for Slavery–and for Freedom

The demand for slavery reparations got a good airing last weekend at a National Reparations Convention held in Chicago. A formal plan for compensating the descendants of American slaves has yet to be drafted, the Chicago Tribune reported, but among the proposals...

In Defense of the Wealthiest One Percent

On Thursday, President Bush sent his tax-cut plan to Congress, and it was met with an immediate chorus of class-warfare yelping from the Democrats. House Minority Leader Dick Gephardt led the pack, complaining that Bush’s tax cuts will go to “just the top...