Bank Mergers vs. “Public Interest”

In Canada, two big banks — the Royal Bank and Bank of Montreal — want to merge. They mutually concluded that it would serve their long-term interests, such as make them more competitive internationally. Ditto for two other big banks — the Toronto...

Mark McGwire and the Heroics in Hitting Home Runs

Mark McGwire of the Saint Louis Cardinals was right. America did need the spectacle of his pursuit of major-league baseball’s single-season home run record. And much about what they needed culminated in St. Louis’ Busch Stadium on September 8th, when he...

The Nerve of Foley

There had been rumors all winter that the engineers were going to strike. Certainly we of the operating department had warning enough. Yet in the railroad life there is always friction in some quarter; the railroad man sleeps like the soldier, with an ear alert...

Global Crisis and the Survival of Capitalism

A growing number of countries–among them, Thailand, Indonesia, Malaysia, South Korea, and Russia–are in a state of financial turmoil. They are all suffering from the effects of currency devaluation, widespread bankruptcies and insolvencies, actual or impending bank failures, collapsing stock markets, and mounting unemployment.

Clinton — Friend of the Working Woman?

A coalition of 15 Feminist and civil rights groups recently descended on Capitol Hill. The issue? Why, the protection of our beleaguered president, of course. Leave him alone! Stop the impeachment process! Bill Clinton’s been good for women! Patricia Ireland,...