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,...

An Open Letter to ESPN on Rush Limbaugh

ESPN Television ESPN Plaza Bristol, CT 06010 October 5, 2003 To ESPN, You forced Rush Limbaugh to resign from his job after his alleged racist comment, yet you routinely allow your other commentators to make race-related comments and champion unquestioningly what are...