I'm going to be on vacation all next week, riding horses on the western slope of the Rockies at the fabulous Home Ranch in Clark, Colorado. No phones. No TV. No Internet. No markets. So I'll miss the Federal Reserve's meeting on June 30. It'll probably make history by...
POLITICS
The Islamic World: At War with Western Civilization
The Islamic world is at war with Western civilization. We have the military might to thwart them. The question is: Do we have the intelligence to recognize the attack and the will to defend ourselves from annihilation?
Random Thoughts for June 2004
Random thoughts on the passing scene: The best thing about buying a house is that it puts an end to the exhausting process of house-hunting. Although Ronald Reagan was the only actor to become President, he was one of the few politicians who was not acting. Do the...
Summer Deprogramming
Parents who are worried because their children are receiving a steady diet of politically correct propaganda in the schools and colleges often ask for suggestions of things they should get for their children to read, in hopes of de-programming them. The summer is a...
Old World Love of Status Lives Strong
Spain's Crown Prince Felipe has married former TV anchorwoman Letizia Ortiz, in the country's first royal wedding in nearly a century. This occurred to the delight of thousands of onlookers who braved heavy rains, as well as representatives of the Royal Families of...
The Burning of the First Amendment
In what on the surface could only be described as an acute case of masochistic dementia, Philip Morris USA owner Altria Group Inc. is now protesting the promotion of its own brand.In a May 20th letter to Paramount Pictures, Philips Morris Senior Vice President Howard...
Fat in California’s Budget
Whenever there is a budget deficit, politicians automatically want taxes raised. In our private lives, whenever we find ourselves running out of money, most of us think about cutting back on our spending. Not so in government. Despite California's record budget...
Gross Minus Net Equals Zero: Repeal the Sixteenth Amendment
When I worked in Saudi Arabia as a technical consultant in the 1990s, my coworkers and I were astounded upon receiving our first paycheck: we actually were paid the full amount we had earned. Gross pay minus net pay equaled zero. Never before or since in my lifetime...
Hijacking a Peaceful Religion?
From President Bush to Ted Kennedy we hear the same refrain about Islamic terrorists; "These people have hijacked a peaceful religion. Islamic militants are a few radicals who do not represent Islam." We are expected to believe that it is not the philosophy, the...
Reagan’s Early Victory in the War on Terror
After 444 days of humbling Jimmy Carter, the rulers in Tehran decided to conclude their drama at the U.S. embassy before they had to face the new president.
The Purpose of Speech Codes in Schools and Colleges
With all the noise being made -- from traffic noise to Al Gore's ranting -- you might never suspect that there was a National Day of Silence. What you might also not suspect is that this day is observed in schools and colleges across the country, where students agree...
Symbolism vs. Substance in Iraq
This must be the golden age of symbolism. In war-torn Iraq, its political leaders are demanding that foreign workers who are trying to rebuild that country must be subject to the Iraqi legal system. Do you have any idea what the Iraqi legal system is? Are you prepared...
Letters to the Editor (June 2004): Kerry’s Relativism vs. Bush’s Religion
The following is the correspondence between Ed Cline and John Lewis, Ph.D. concerning Dr. Lewis' recent op-ed "The Threat of a Faith-Based Defense of America, Capitalism Magazine, June 6, 2004: Dear Dr. Lewis: Your remarkable and succinct summation of the religious...
The Inflation Monster Is Back
The factor dominating the strategic situation is the long-overdue end to the Federal Reserve's patience in maintaining low interest rates. The single most important matter now facing the market is the urgent need for the Fed to raise interest rates -- now! This week's...
Did Ronald Reagan “Torture” Blacks?
"Ronald Reagan 'tortured' blacks." One Sunday morning, as I drove to my local tennis court to play a match, I heard a black radio commentator give that assessment of the now late, great 40th president. Imagine my conflict. After all, here I am, about to selfishly work...
Let the Patriot Act Die
President Bush has hit the campaign trail to save the Patriot Act, which will expire in 2005. In calling for its continuation, the President said, "we can no longer rely on false hope." Which false hope is that? The hope that America's free society will protect us...
An Agenda to Establish Tyranny: John F. Banzhaf’s War Against Price Discrimination
Suppose you saw a fat, old, ugly, cigar-smoking man married to a beautiful young lady, what prediction would you make about the man's income? If you're like most, you'd predict that this guy has a lot of money. In effect, that fat, old, ugly, cigar-smoking man is...
Lying About Yosemite National Park
Yosemite National Park is one of the beauties of nature that has brought me back every year for more than 20 consecutive years. But, in recent years especially, there seem to be two Yosemites -- the one discussed in the media and the one I see with my own eyes. On the...
America’s Greatest Unknown Market Analyst
"I happen to love Cleveland," says Elliott Schlang as we sip our drinks in the dark and stylish bar of the Jefferson Hotel, which, to my parochial Northeast Corridor mind, is about as far from Cleveland as you can get. I happen to love Elliott Schlang, and the fact...
The Mixed Legacy of Ronald Reagan
The hyperbole of remembrance that follows the death of any President, as has certainly followed the death of Mr. Reagan, will subside eventually and it will be left to historians to analyze what it was he did as President and whether or not that had any value. The...
On Flag Day Celebrate America’s Core Values: Reason and Individual Rights
Not since the Revolutionary War has America faced a greater threat to its existence than it does today. A worldwide network of terrorists is bent on destroying us and everything we value. All the more reason to make clear on Flag Day the principles for which we stand....
America’s Funeral: Ronald Reagan in Perspective
Ronald Reagan was right that America is man’s last, best hope on earth — it still is — and his goal, to make America great again, means he understood that something had gone terribly wrong.
Talkers vs. Doers, Part 2
The fact that benefits have costs means that those who create these benefits are tempting targets for accusations from those who know how to dramatize the costs. This means that the doers are constantly on the defensive when attacked by the talkers. These attacks are...
Talkers vs. Doers
The big divide in this country is not between Democrats and Republicans, or women and men, but between talkers and doers. Think about the things that have improved our lives the most over the past century -- medical advances, the transportation revolution, huge...
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