A Palestinian Education

Last month, retired Marine General Anthony Zinni began a visit to Israel and the Palestinian Authority, the latest in a depressingly long line of US envoys sent to nudge along the Israeli-Arab “peace process.” Zinni’s mission, it is safe to say, will...

Stupid Accounting Tricks: Managing Earnings, Part 2

I received so much feedback on my column (Stupid Accounting Tricks) that I thought I would respond en masse today and elaborate a bit on the subjects of pro forma accounting and managing earnings. First, the title of my column “Stupid Accounting Tricks”...

Ending the “Peace Process War”

When Yasser Arafat unleashed his intifada against Israel last year, I named it the “Peace Process War.” I wanted to capture the irony of mob violence and bombings as the culmination of seven years of an alleged “peace process.” I did not...

Deflation: The Basics

Deflation is not falling prices. Deflation is not economic contraction. Deflation is when the Fed screws up. The idea of deflation has gotten more play in the press over the last two weeks than it has over the last ten years — thanks to unusual negative readings...

Phony Victims of Freedom in Academia

One of the most shameless frauds in academia today is the claim that a new “McCarthyism” is threatening academic freedom. According to this new cry of victimhood, conservative groups are “drawing up enemy lists” of professors who are opposed to...

Hostile Fire from Eco-“Extremists”

Which is more important: Well-trained Navy pilots or well-rested toads? Increased military preparedness or increased antelope populations? Improved bombing facilities or improved fairy shrimp habitats? The choice of environmental “extremists”, no-growth...

Where Were You on December 7, 1941?

Because of the September 11 terrorist attacks, December 7, 2001, the 60th anniversary of Pearl Harbor, became especially significant. Many children never bothered to ask their parents and grandparents, “Where were you on December 7, 1941?” — the date...

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