Snub the Tyrants and Grow Your Own

Allow me to suggest a New Year’s resolution you’ll thank me for: Grow your own tomatoes. As you’ll see, becoming a grower can be rewarding far beyond the sweet taste of your crop. The traditional extra benefits keep bringing many of us back season...

OPEC, Oil, and Energy Economics 101

We are all familiar with pundits from all corners decrying our dependence on foreign oil. Before the oil embargo in the 70’s and subsequent attempts to wean ourselves from OPEC, we were importing about 25% of our oil and now we are importing over 50%. This is...

Enron, Krugman, and the Public Intellectuals

The failure of Enron has had important impacts for its shareholders, creditors and business counterparties. There will be some important second-order impacts, too. Enron has already become an excuse for politicians and special interest groups to seek useless and...

Keeping Your Cool on Global Warming

Q. What are you chuckling at? A. This news story. Apparently satellite photos now confirm that the polar ice caps are shrinking and the planet’s temperature is increasing. As more carbon dioxide is released into the atmosphere, more of the sun’s heat is...

A Deadly Error

How well is the Bush administration conducting the war on terrorism? Overall, it deserves high grades, having shown an impressive seriousness of purpose, discipline, and vision. It made winning the war the guiding principle of U.S. foreign policy and almost flawlessly...

Biotech Comes Down With Enronitis

The biotech sector is sick. The industry that promises to cure cancer and AIDS can’t cure itself. And it’s all so sudden. All last year I thought favorably of biotech as a “defensive growth” sector — a group of high-risk/high-reward...

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