Why Is There No Car Insurance Crisis?

Is there something special about health insurance that makes it crisis-prone? I mean, we never hear about the horrible “house insurance crisis” or the “spiraling cost of auto insurance.” It wouldn’t be too hard to create such a crisis...

Do We Want Socialized Medicine?

Problems with our health care system are leading some to fall prey to proposals calling for a nationalized single-payer health care system like Canada’s or Britain’s. There are a few things that we might take into consideration before falling for these...

Simple Rules for a Complex Market

Although investing is a subtle and complicated endeavor, everyone can benefit from a simple set of rules and principles. One of my favorite portfolio managers, Thomas K. Brown, chief executive of Second Curve Capital, a New York hedge fund that specializes in...

U.N. Breathes New Life into Kyoto

If one door closes, another always opens — that’s the creed that seems to guide the United Nations, anyway, as a recent report lays the groundwork for a new avenue of attack against carbon dioxide emissions. Evidently unhappy with America’s decision...

The Green Fever Subsides

We all know that polls are just snapshots of a moment in time, taking the pulse of public opinion on some subject. A recent one by the Yale Center for Environmental Law and Policy, however, produced some encouraging news. Of 1,000 people polled, just over half said...

Random Thoughts for August 2004

Random thoughts on the passing scene: I don’t even like campaign oratory that I agree with. Alaska is much larger than France and Germany — combined. Yet its population is less than one-tenth that of New York City. Keep that in mind the next time you hear...

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