Foundry Networks

Foundry Networks reported better than expected earnings and revenues for the second quarter (July 25, 2001). The company reported revenues of $88.6 million, up sequentially by 7.3%, and $16 million above consensus forecasts. Earnings per share were $.07, which was...

A FED without Alan Greenspan

Does the market ever go up on a day when Alan Greenspan talks? I can’t remember when it ever has. On July 18, 2001, the markets gapped lower on the opening. They tried to recover in the first hour, but as soon as the prepared text of Greenspan’s testimony...

Where Does America Stand?

Gao Zhan has seen the cruelty of the Chinese dictatorship firsthand and up close, as a native of China and through the last five and a half months of captivity under trumped-up accusations of spying. But she has emerged unbowed. Here are her words upon returning to...

Immoral to Ban Human Cloning

The actual opposition to human cloning springs from something primordial, the fear of the unknown, the fear captured in the catch-phrase: “We can’t play God.” But why can’t we? We can and we must.

Daring to Question the Welfare State

Did Treasury Secretary Paul O’Neill commit a “gaffe” of epic proportions? Former Clinton Labor Secretary Robert B. Reich certainly thinks so. In an interview with Financial Times, O’Neill said, “Able-bodied adults should save enough on a...

Racial Double Standards

A measure of accommodation is accorded children because they are not adults and thus not to be held to the same accountability standards. But should that same accommodation be accorded to a race of people? In the March 2001 edition of The American Enterprise magazine,...

How to Lie with Non-Statistics

“Every year since 1950, the number of American children gunned down has doubled.” Did you know that? It is just as well if you did not, because it is not true.It takes no research to prove that it is not true. If there had been just two children in America...