CNOOC Acquiring Unocal: What’s All The Fuss?

What’s all the fuss? An energy company based in Hong Kong called CNOOC, Ltd. — small by international standards — a few weeks ago bid $18.5 billion in cash to buy another small energy company, Unocal, based in California. The bid was nearly $2...

Freedom, Not Foreign Aid, For Africa

British Prime Minister Tony Blair is pressuring the rich nations of the world to give more foreign aid to Africa — to the tune of $25 billion a year by 2010. The U.S. already gave $3.2 billion last year. In the wake of this pressure, we might ask ourselves...

The London Terrorist Attacks and the Stock Market

Why did stocks finish the day higher after Thursday’s tragic terrorist bombings in London? There are several very simple reasons. To begin with, the market wasn’t surprised. Ever since September 11, 2001, markets have been braced for terrorist...

Pro-Israel Palestinians

For all their rhetoric about Israel’s “vicious” and “brutal” occupation, Palestinian Arabs — including their leaders — sometimes let down their guard and acknowledge how they prefer Israel to the Palestinian Authority. Here...

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