In Defense of Mutual Funds

A month ago, Eliot L. Spitzer, New York’s attorney general and the scourge of Wall Street, announced that his office had “obtained evidence of widespread illegal trading schemes that potentially cost mutual fund shareholders billions of dollars...

Baby Kim’s Ace in the Hole: Western Moralists

North Korea just announced it is using plutonium extracted from spent nuclear fuel rods to make atomic weapons. How could the United States let this happen? In 1994, when North Korea was on the brink of economic collapse, its new leader Kim Jong Il, following in his...

The Irony of California

The California recall election and its surrounding hoopla may have confirmed the suspicions of some people in other parts of the country that Californians are crazy. But not all Californians are crazy — just the most affluent and highly educated ones. Although...

A Sound Dividend Strategy

Earlier this year, Microsoft Corp. (MSFT), which is roughly tied with General Electric (GE) as the most valuable company measured by market cap in the world, declared the first dividend in its 28-year history. On Sept. 12, it doubled that dividend from 8 cents a year...

Where Have You Gone, Isaac Newton?

More and more today, we are inundated with foolishness masquerading as science. Psychic hotlines proliferate, politicians consult astrologers, and people reject their doctor’s advice in favor of “alternative healing” dispensed by quacks. In the past,...

Beware of Bonds As The Economy Improves

A month ago, I wrote about the how the Fed led Wall Street bond traders into a billion-dollar trap, by promising to keep interest rates low virtually forever, and then just weeks later, hinting that it would break the promise. You’d think “once burned,...

Pin It on Pinterest