Speech by Donald L. Luskin to the Corporate Finance Council of San Diego.Tonight I'm going to be talking about the controversy over "offshore outsourcing" in the context of a book I'm writing. My book is about the intersection of the science of economics, the power of...
POLITICS
Outsourcing: Threat or Menace?
Speech by Donald L. Luskin to the Corporate Finance Council of San Diego.Tonight I'm going to be talking about the controversy over "offshore outsourcing" in the context of a book I'm writing. My book is about the intersection of the science of economics, the power of...
The Moral Bankruptcy of the U.N. Human Rights Commission
The re-election of Sudan to the U.N. Human Rights Commission--chaired by terrorist-sponsoring Libya in 2003--demonstrates once again the total moral bankruptcy of the United Nations. The list of atrocities and violations of human rights in Sudan is endless. As Human...
No-Cost Decision-Making
Those who imagine that collective decision-making by government officials is better than individual decision-making in a market economy should have been present at a recent meeting of the Planning Commission for the city of San Mateo, California. A man who has been...
The Curious Lack of Curiosity About WMD
"Week after week after week after week," said Sen. Ted Kennedy, D-Mass., about President Bush's rationale for going to war with Iraq, "we were told lie after lie after lie after lie." Were we? Jordan recently seized 20 tons of chemicals trucked in by confessed al...
The Investing Philosophy of Philip A. Fisher: Common Stocks and Uncommon Profits
When Philip A. Fisher died last month at the age of 96, it suddenly struck me that being a wise and patient stock market guru may be the best route to a long life. "His career spanned 74 years," wrote his son, Kenneth Fisher, in a column in Forbes. "He did early...
The Economics of the Military Draft
Last year, Sen. Fritz Hollings (D-S.C.) and Rep. Charles Rangel (D-N.Y.) introduced bills calling for reinstatement of the military draft. A far more descriptive term for the military draft is government confiscation of labor services, but keeping with the spirit of...
What’s Left to Go Up? No Doubts About the Dow
After a year in which every stock market in the world has risen handsomely, real estate has gone through the roof, and bonds and commodities have soared as well, the witty and bearish Jim Grant, editor of Grant's Interest Rate Observer, has titled his spring...
The “Cost” of Medical Care
If you ask most people about the cost of medical care, they may tell you how much they have to pay per visit to their doctor's office or the monthly bill for their prescription drugs. But these are not the costs of medical care. These are the prices paid. The...
“Repositioning” Reality: The World of Non-A in Fallujah
The press has done its usual fine job of reporting on the siege of Fallujah--which is to say that it is impossible for the public to figure out what is going on there. The difficulty isn't all a matter of bad reporting, though. The important thing to remember is that...
“Progressive” Education and Taping Kids to Dumpsters
In an op-ed back in March, syndicated columnist Walter Williams slammed public schools for their absurd policies. One of the examples he cited was of Metro Nashville Public School administrators' decision to stop posting honor rolls or displaying academic results on...
Faith-Based “Freedom”
Q: Why do you think President Bush is making Constitutional opposition to gay marriage such a priority? I'm much more concerned about lowering taxes further and cutting the role of government in our lives. What gives? A: I blame it all on religion and supernaturalism....
Frequently Asked Questions about Education in America
1. How many students are enrolled in public and private schools in the United States? According to U.S. Department of Education estimates, there are 47.6 million students in public schools and 5.9 million in private schools.[1] As many as 2 million children are...
Rich Liberals
John Kerry and his wife, Teresa, are worth an estimated $500 million. Along with a $35 million private Gulfstream V jet and an $800,000 boat, they own five homes in the U.S. (Source: MSNBC.com) Just what we need: more guilty liberals. Much is made about...
Random Thoughts for April 2004
Random thoughts on the passing scene: A reader has suggested that elections be held on April 16th -- the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders. Just before France surrendered to the...
Buddha Bad for Business
Recently 115 corporate executives paid $100 each for advice from that repository of business acumen, the Dalai Lama. The Nobel Peace Prize winning Buddhist spiritual leader addressed the execs in Irvine, CA. Granted, attendees were probably attracted more by his...
Failure Looms at Fallujah
A turning point in what President Bush has called the War on Terrorism is at hand. How and whether the American military handles enemy confrontations in Iraq during the coming weeks will tell Islamic terrorists and their state sponsors everything they need to know...
J.F.K.: Jiggy Fly Kerry
Gotta give it to Democratic presidential contender John Kerry. He knows how to keep it real. In an MTV interview, the host asked, "Well, are there any trends out there in music, or even in popular culture in general that have piqued your interest?" Kerry said, "Oh,...
Bait-and-Switch Media
Readers sometimes ask why I am seldom seen or heard on television or radio. Mainly it is because I turn down 90 percent of the invitations I get. A recent radio interview shows why. I was invited on as a guest to talk about my new book, "Affirmative Action Around the...
Poor Education Prognosis
Drs. Abigail and Stephan Thernstrom's new book "No Excuses: Closing the Racial Gap in Learning" shows that the government education whites receive is nothing to write home about, but for blacks, it's no less than a disgraceful disaster. According to National...
Anti-Israel Terror Backfires
A day after Israeli troops killed its second leader within a single month, the Islamist terrorist organization Hamas put on a brave face. The Israelis "are dreaming" if they think this would weaken Hamas, announced Ismail Haniyeh to a crowd of over 70,000 mourners at...
Dealing with Investing Panic-mongers
"I am in a PANIC over this article, telling people to get out of stocks," said an impassioned e-mail I received last week from a nice, intelligent professional woman who is a friend of a friend. "Is he right???? I am 52 years old, and I really hope to retire SOME...
Watchout for Hillary “Health” Care
A huge headline on the front of a recent issue of the New York Times Magazine said more than they intended: "Now Are We Ready to Talk About Health Care?" Inside was an article with the same title by Hillary Clinton. The casual arrogance of that question is staggering....
Exchange-Traded Funds (ETFs)
The mutual fund is the most successful investment vehicle the world has ever seen. But it has its drawbacks. Mutual funds are not sold on an open market like individual shares of stock, but by fund companies themselves -- either directly to shareholders or through...
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