Why Won’t Valuations Come Down? They Will!

A report Tuesday from Steve Galbraith, strategist at Morgan Stanley, slashed his 2001 earnings forecast for the S&P 500 from $51 to $46 — about a 10% cut. But from the 1092 S&P close the day before the September 11 terrorist attack through the 1003 close...

Self Defense is Job One

“Well, I just think that you’re painting a horrible picture of what we’re about,” said Senator Barbara Boxer, D-Calif., in response to the question I asked last week. My question that provoked such an indignant response? “Senator,”...

Mandatory National ID Cards….for our politicians

Crisis is good for statist-leaning governments such as ours because it affords them the opportunity to package new oppressions under the guise of needed security. Lately, we’ve been treated to the idea of a national ID card so our police can tell good guys from...

Superfluous Airport Safety Regulations

Secretary of Transportation Norman Y. Mineta, Czar Norman, has ordered new, ill-thought out, oppressive airline regulations in the wake of recent terrorist attacks. Among them: a ban on knives — plastic or steel — anywhere in the airport and on airplanes,...

The Lessons of War

Now that we have officially more or less committed ourselves to war, many will now object that this mission poses too many strategic pitfalls — that the Middle East is a vast quagmire, that the enemy is too elusive, that this will be “another...