Therapeutic Cloning is Pro-Life

On November 25 Advanced Cell Technologies announced the creation of the first cloned human embryo. The company described its achievement as a crucial step in therapeutic cloning research, which aims at cloning new organs to replace damaged ones. Like healthy new skin...

Israel May Be Winning

Secretary of State Colin L. Powell recently observed that the Palestinians “need to understand that [terrorism] leads nowhere,” and on this basis he urged them to stop their violence against Israelis. Good policy advice, but does the Palestinian use of...

Deflation: The Good, The Bad and The Ugly

This commentary continues a series intended to address some of the misconceptions in the flurry of recent media reports about deflation. My last commentary (“Deflation: The Basics”) began by defining deflation as strictly a monetary process, and one that...

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...