POLITICS

The Trouble With ‘Timing’: It Doesn’t Work

In the stock market (as in much of life), the beginning of wisdom is admitting your ignorance. One of the many things you cannot know about stocks is exactly when they will go up or go down. Over the long term, stocks generally rise at a nice pace. History shows they...

Protect Yourself Through Diversification

Warren Buffett, who was probably the greatest investor of the 20th century, is fond of quoting the salacious actress Mae West as saying, “Too much of a good thing can be wonderful.” In the market, such a motto would lead you to avoid diversification and...

The End of the Beginning

“This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” So declared Winston Churchill after an early allied victory in World War II. It was a reminder to his nation that the war would require many more...

Contradictory Notions of Fairness

Contradictory Notions of Fairness

There was a time when Thanksgiving meant an occasion for counting our blessings. But, now that we have so many blessings that previous generations could hardly have dreamed about, we take them all for granted and are much more likely to count our grievances and the...

Saudi Arabia’s “Devotion” to the United States

To hear Prince Bandar tell it, Saudi Arabia is devoted to the United States. “Our role,” the Saudi ambassador said in a CNN interview some weeks ago, “is to stand solid and shoulder-to-shoulder with our friends, the people of the United...

Arab World Poverty: Whose Fault?

Arab World Poverty: Whose Fault?

“I don’t have the knowledge to blame a government,” said Bakhtiar Khan, an Afghan man in his mid-twenties. “I don’t know about politics, but for our problems I blame the world community. All humans should be equal, but we are not. You ask...

The ‘Next Big Thing’ in Technology?

You may know Jim Jubak from his frequent appearances on CNBC. Jubak, the senior markets editor at MSN Money, holds a core investing principle: the conventional wisdom is always wrong. Suffice it to say that this guy has an independent streak, which is a great virtue...

Diversity vs. “Diversity”

Diversity vs. “Diversity”

Sometimes it seems as if “diversity” is going to replace “the” as the most often used word in the English language. Yet the place where this word has become a holy grail — academia — shows less tolerance for genuine diversity of...

On Shovels, Caterpillars, and the Capital Gains Tax

I live up a narrow, one-lane private road that winds up a steep, wooded canyon in Northern California. A couple years ago, during the El Nino winter that dropped record rains here, a side of the canyon collapsed and a massive mudslide closed the road. Heading uphill...

U.S. Kids Speak on the War

U.S. Kids Speak on the War

Why did 19 Islamic extremist terrorists attack America on Sept. 11, 2001? Why do so many hate America? Here’s how some American children answered those questions. Josh, age 12: “I just think (Osama bin Laden) needs to find something a little bit like the...

Paul Krugman: Another Ivy League Pseudo-Economist

Like one of those football mascots — a poor, sweaty guy dressed up in a giant fuzzy costume of a shark or an eagle (or whatever his team’s symbol is) — Paul Krugman is dancing and clowning around in the field and among the fans trying to whip up...

Unfinished Civil Rights Agenda

When the NAACP, Urban League and black politicians talk about civil rights, they talk mostly about how many blacks are in college, the racial composition of schools and neighborhoods or the number of blacks employed in what positions. The Institute for Justice has...

Disband the Coalition

They tell us not to bombard the Taliban too severely–because its “moderate” factions need to become part of any new Afghan government. They urge us to cease military action during the month of Ramadan–giving the killers further opportunity to...

Elitist Contempt for American Values

College campuses are home to elitists who are out of touch with and have contempt for American values. Let’s look at some of their statements after the recent terrorist attacks. Hours after the terrorist attacks, University of New Mexico History Professor...

The Economics of War

National emergencies are notorious for giving free reign to bad economics. In the panic of a crisis, people grasp desperately for solutions. And thanks to generations of bad economics education, they are offered a wide range of economic errors to grasp at. The most...

No More Jury Trials for Terrorists

When American pacifists talk about seeking “justice” for terrorists, here is what they mean: More than $7 million in U.S. taxpayer funds went to lawyers who defended Mohamed Rashed Daoud Al-‘Owhali, Khalfan Khamis Mohamed, Mohamed Sadeek Odeh, and...

The Justice Department’s Unjust Monopoly

If nothing else, the Microsoft case showed how ferocious federal prosecutors can be in fighting “monopolistic predators.” Let a company try to stifle competition, let it be accused of obstructing the market or blocking other companies’ access to...

What’s Wrong with Education?

Here are some test questions. Question 1: Which of the following is equal to a quarter of a million? (a) 40,000 (b) 250,000 (c) 2,500,000 (d) 1/4,000,000 or (e) 4/1,000,000? Question 2: Martin Luther King Jr. (insert the correct choice) for the poor of all races. (a)...

Fallen Veteran of an Undeclared War

This is the story of one young American who served and died during our war on terrorism – years before we officially declared it. Jesse Nathaniel Aliganga (“Nathan” to his loved ones) was a member of the elite Marine Security Guard detachment...

A Tribute to Rush Limbaugh

A lot of liberals hate Rush Limbaugh — or the caricature that they think of as Rush Limbaugh — but even the most doctrinaire Bolshevik had to feel at least a twinge of sympathy when the nation’s preeminent radio personality announced last month that...

The Child Welfare Act Versus Children

The Child Welfare Act Versus Children

In a world where the media are ready to magnify innocuous remarks or a minor problem into a trauma or a disaster, there is remarkably little attention being paid to cruelties routinely inflicted on children by our laws and our courts. That cruelty is ripping children...

“Business” Mercantilism and Government

Adam Smith, the father of modern economics, published “The Wealth of Nations” in 1776. His laissez faire economics played a significant role in the market philosophy surrounding the founding of our nation. Leftist professors have taught generations of...

Too Good for Oprah

Jonathan Franzen liked it when Publishers Weekly dubbed his new novel, “The Corrections,” a “masterpiece.” He liked it when his publisher, Farrar, Straus & Giroux, sent advance copies of the book to reviewers with a note from the...

The ‘Neutrality Fetish’ of American Journalism

To what do journalists covering this war owe their loyalty? The Journalism 101 answer is: to the story. But what happens when getting out the story means jeopardizing the legitimate war aims of the United States — or the lives of American soldiers? The answer to...

Terrorist Visas for Sale Courtesy of the INS

Attention, terrorists: Want a U.S. visa? Worried about America’s so-called immigration “crackdown” in response to the 9-11 attacks? Have no fear. If you’ve got cash, your green card is in the bag. Last weekend, the Las Vegas Review-Journal...

The Phony War

According to a breathless report in the morning news, American jets over the Taliban’s front lines have engaged in “one of the fiercest bombardments yet, unleashing more than 15 bombs in the space of hours.” Get that? A whole 15 bombs. Within hours....

The Right Not to Vote

We are constantly reminded to “get out and vote.” To “do our duty.” And to “become part of the democratic process.” These phrases sound so high and mighty, they make me want to puke red, white, and blue. Somebody get me a canvas and...

Investing in Public Education: Does It Add Up?

Investing in Public Education: Does It Add Up?

For many years now, American students have been coming in at or near the bottom in international tests of mathematics. Meanwhile, our schools have been entertaining themselves with “new math,” “fuzzy math” and everything other than...

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