Hot, Bubbling Oil

Crude is quickly approaching $50 a barrel, leaving no doubt in my mind that oil is in a speculative bubble — very much like what happened to the NASDAQ in 1999 and 2000. Previoiusly I wrote about some of the forces behind the alarming price rise: increasing...

Two Versions of Vietnam

It is a painful reflection on the political atmosphere today that, in an era when nuclear devastation may strike American soil within our lifetime, courtesy of terrorists supplied with nuclear weapons by North Korea or Iran, we are arguing about what did or...

House of God, House of War

Picture this scenario: a group of heavily armed Roman Catholics, led by a priest, swarms into St. Joseph’s Cathedral in New York. They claim it as a military base. They fire grenades from its windows. They set explosive charges, in order to blow it up and blame...

War on Poverty Revisited

August 20th marks the 40th anniversary of one of the major turning points in American social history. That was the date on which President Lyndon Johnson signed legislation creating his “War on Poverty” program in 1964. Never had there been such a...

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