How to Play the Rate Hike

I’m going to be on vacation all next week, riding horses on the western slope of the Rockies at the fabulous Home Ranch in Clark, Colorado. No phones. No TV. No Internet. No markets. So I’ll miss the Federal Reserve’s meeting on June 30. It’ll...

Random Thoughts for June 2004

Random thoughts on the passing scene: The best thing about buying a house is that it puts an end to the exhausting process of house-hunting. Although Ronald Reagan was the only actor to become President, he was one of the few politicians who was not acting. Do the...

The Error of the Self-Esteem Movement

In recent decades, the field of psychology made a mistake. That mistake was treating self-esteem as the root of mental health. The root of mental health is actually personal responsibility. Personal responsibility refers to a core conviction that you are in the...

Old World Love of Status Lives Strong

Spain’s Crown Prince Felipe has married former TV anchorwoman Letizia Ortiz, in the country’s first royal wedding in nearly a century. This occurred to the delight of thousands of onlookers who braved heavy rains, as well as representatives of the Royal...

Summer Deprogramming

Parents who are worried because their children are receiving a steady diet of politically correct propaganda in the schools and colleges often ask for suggestions of things they should get for their children to read, in hopes of de-programming them. The summer is a...

The Burning of the First Amendment

In what on the surface could only be described as an acute case of masochistic dementia, Philip Morris USA owner Altria Group Inc. is now protesting the promotion of its own brand.In a May 20th letter to Paramount Pictures, Philips Morris Senior Vice President Howard...

Fat in California’s Budget

Whenever there is a budget deficit, politicians automatically want taxes raised. In our private lives, whenever we find ourselves running out of money, most of us think about cutting back on our spending. Not so in government. Despite California’s record budget...

Hijacking a Peaceful Religion?

From President Bush to Ted Kennedy we hear the same refrain about Islamic terrorists; “These people have hijacked a peaceful religion. Islamic militants are a few radicals who do not represent Islam.” We are expected to believe that it is not the...

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