America faces the threat of a widespread, corrosive prejudice. I am not talking about racial prejudice — though racial politics has something to do with it. The prejudice I am talking about is aimed at something much broader, much more important than any racial...
POLITICS
The Next Interest Rate Cut Counts
From one perspective, this week’s rally in the Nasdaq seems incredible. Although pummeled by a barrage of bad earnings and earnings warnings from technology companies last week, the Nasdaq managed to rally for four consecutive days — the first time this...
The Case of Dell: Does a Company Own Its Customers?
What criteria do you use to decide whether or not to invest in a company? P/E ratio? PEG ratio? Price to book ratio? Earnings growth? Revenue growth? Market share? All of these criteria have their appropriate use, but I would like to submit for your consideration...
Cincinnati Under Siege: Yawning at Black-On-White Violence
Cincinnati is burning. Does anyone care? This mid-Western city has been under siege since Monday, its downtown and surrounding suburbs overrun by black demonstrators targeting innocent white bystanders and businesses. Roving thugs have looted dozens of white-owned...
A Lower Debt Should Not Come Before Lower Taxes
Lowering the debt is a good idea–President Bush would reduce it to $818 billion by 2011–but a lower debt shouldn’t come before lower taxes. Can you feel the beat? It’s the sound of Washington liberals banging the national-debt drum to drown out...
Putin’s Choice Over the Future of Russia
The expulsion of Russian intelligence officers and diplomats by the Bush administration did not kick off a new Cold War, but it is a symptom of deteriorating U.S.-Russian relations. Moscow stands to lose much more than Washington if the relationship goes sour. Senior...
Warning, Congress! Look Before You Leap Into Internet Privacy Thicket
House Majority Leader Richard Armey this week provided some sound advice to his colleagues intent on passing privacy restrictions for the Internet — Let’s look at government privacy practices first. Armey noted a litany of abuses by federal agencies, from...
Learning from the Money Masters
Last week I noted in this space that while many Internet companies have crashed and burned, the Internet itself is soaring to new heights. Some 100 million new users worldwide are coming online each year, e-mail traffic continues to explode, and people and companies...
The Charter/HSA Connection….How Charter Boradband Went From Bad To Worse
Today, I’m going to share some information with my readers that I have known unofficially for some time regarding Charter Communications’ broadband services infrastructure. I’ve not shared it before because my previous conversations with Charter...
The Bankrupt Reparations Movement
The reparations for slavery movement got an airing on a recent “60 Minutes.” America, argue several “black leaders,” owes reparations to blacks for the enslavement and forced labor of black ancestors. America’s “black plight,”...
The Facts vs. “Campaign Finance Reform” Fictions
To crusaders for “campaign finance reform,” as with many other political crusaders, the facts simply do not matter. What matters is their vision — and winning. Facts can be left to others. Most of the arguments for campaign finance reform cannot...
China Should Apologize To The U.S. Over the Aircraft Collision
China is so obsessed with making the United States apologize for the recent collision between a Chinese fighter jet and a U.S. Navy plane, one would think it was the Miss Manners of international diplomacy. But the situation involving 24 American servicemen held on...
How Arafat Killed The “Peace Process”
The election of Israeli Prime Minister Ariel Sharon in February prompted much hysteria in the Arab world — and hand-wringing in Washington — over Sharon’s “commitment” to the “peace process.” Ever wonder why the same standards...
Not A Good IDEA: Individuals with Disabilities Education Act
Buried in President Bush’s liberal-spending, $44.5 billion education budget is a little-noticed proposal to increase funds for special education. The budget item intends to help states and school districts comply with the Individuals with Disabilities Education...
Truth vs. Words on China
It looks as though we’ve won. Officials inside and outside the Bush administration are hailing China’s positive response to our carefully crafted letter of regret as validation of the President’s “quiet diplomacy.” The truth, however, is...
The McCain-Feingold Indian Giving Loophole
deep-pocketed special interest group remains curiously silent amid the furor over campaign finance “reform”: Indian tribes. Why? You might think tribal leaders would be swarming Capitol Hill, joining other business groups and trade associations that are...
Grade Padding at Harvard University
Our colleges are losing touch with reality. The padded grades they’re giving out don’t help our students. Harvey C. Mansfield teaches political philosophy at Harvard University. And if there were a class in “how to get yourself into trouble with your...
Devaluation is Not the Answer
In the past few months, I’ve noticed a disturbing shift in attitude towards currency devaluation. An increasing number of economists and journalists are making comments approving currency devaluation as a way to boost economies and “gain...
Mandating Vaccines: Government Practicing Medicine Without a License?
Mandates have a profound effect on medical practice. The relationship of patient and physician is shattered: in administering the vaccine, the physician is serving as the agent of the state.
Who Cares For A Green Latte at Starbucks?
On March 20th, environmentalist activists besieged Starbucks cafes all over the country. Their goal? To impose on the company, and on us, coffee lovers, their own idea of which ingredients should go into our lattes and cappuccinos. This latest campaign, organized by...
American Hostages in China: The Next “Peace Process War”
For the past week, commentators have decried the return of “dangerous Cold War thinking.” But the crisis with China is just the opposite. It is not a return to the past, but rather the outcome of America’s eager courtship, over the last decade, of...
Where’s The Profit In Biotech?
Larry Ellison, founder and chairman of software giant Oracle, says that he’d go into genetic engineering if he were starting out in business today. Silicon Valley venture capitalist John Doerr may have made a fortune investing in computer and Internet companies,...
Tax Cut Triggers…for Bigger Government
The budget surpluses over the next 10 years are expected to reach $5.6 trillion, yet Washington insiders are screaming that President Bush’s modest $1.6 trillion tax cut is too big. But if anything, it’s too small. The Bush tax cut is only about half the...
Random Thoughts
Random thoughts on the passing scene: Ad for a ski resort: “If swimming is so healthful, why are whales so fat?” Talk about cloning human beings recalls Winston Churchill’s comment about the secrets of the atom, “hitherto mercifully withheld...
The Other Education Crisis
Once a week, 9- and 10-year-old boys at Cleveland Elementary School in Washington, D.C., learn how to be gentlemen. They’re taught to take off their hats when they enter a building. They’re told to open doors for visitors. They learn how to respect each...
Campaign Finance Reform and Other “Feel Good” Laws
It is not often that conservative talk-show host extraordinaire Rush Limbaugh and Harlem’s left-wing Congressman Charles Rangel are in agreement on anything. But they both say that the McCain-Feingold campaign finance reform bill, which has just passed the...
The Conservative Left and Tax Cuts
A Fox News liberal-conservative debate the other night was very revealing. The discussion was about tax cuts. The liberal (Mort Kondracke) said that tax cuts “are all about numbers.” The conservative (Fred Barnes) was quick to retort, “It’s not...
Demoralizing Young Blacks for the Empowerment of “Black Leaders”
David Bell, Harvard law professor, counseled, “Black people will never gain full equality in this country.” The late columnist Carl Rowan said, “Racism remains a terrible curse on this society, and … nothing in sight suggests that that curse...
Bush’s Baseball Tax Fetish
What is it with some Republican leaders and baseball? When it comes to America’s national pastime, the party of lower taxes and less government leaves its principles in the dust. The lead GOP pitcher for sports pork is President Bush, who launched a federally...
The NASDAQ Plummet: A Truly Mean Reversion
Statisticians who watch the stock market are accustomed to using the phrase “mean reversion” to describe how returns from investing in equities tend to come back to their long-term averages after they diverge for awhile. The extraordinary period that ended...
The Role of “The Rich”
A recent catalogue from the giant second-hand camera dealer KEH listed a Canon camera made for the Japanese navy during World War II. This model is described as one of only 15 such cameras made and as being still in excellent condition. Its price is $40,000. Most of...
PETA Should Rename Itself ‘The Inhumane Society’
I could tell it was a parody. “Dear Warden Lappin,” began the letter to the director of the federal penitentiary in Terre Haute, Ind., where Timothy McVeigh is being held, “On behalf of People for the Ethical Treatment of Animals (PETA), I am writing...
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