The Houdini Award for Judicial Curruption

You expect a corrupt politician to do corrupt things, so when Senator Robert Torricelli, D-N.J., withdrew as a candidate for re-election after ethics charges led to his falling behind in the polls, that was hardly surprising. Nor was it particularly surprising that...

Why Stocks Don’t Stink

“My message is as follows: stocks stink and will continue to do so until they’re priced appropriately, probably somewhere around Dow 5000, S&P 650, or Nasdaq God knows where.” That’s what Bill Gross, the usually mild-mannered managing...

The Real Accounting Problem in America

Is it me, or have recent business stories begun to resemble episodes of VH-1’s “Behind the Music”? Think about it: Executives cook the books and make millions. They live fast and high on the company dime, buying items such as $6,000 shower curtains...

Dangerous Restraint

President George W. Bush’s speech on Iraq in effect reiterated what Edmund Burke said more than two centuries ago: “There is no safety for honest men except by believing all possible evil of evil men.” Today, in a nuclear age, those words apply more...