Al Gore promises that, if elected, he will make it illegal for all teens to drop out of high school before age 18. (Currently they may drop out at 16). In other words he wants to use the guns and threat of police force to physically force students to not drop out....
POLITICS
The Market Strikes Back: Return of the Value Manager
Early this year during a dinner discussion, a high-level manager at a well-known brokerage firm announced to the table that within a few years “value” managers [e.g. Warren Buffet] will be extinct, and that the greatest fear he had about his personal...
Bush Abdicates Leadership on Prescription Drugs
If you want to know why the Bush campaign is foundering, you don’t need to look any farther than last week’s battle (week of September 4th, 2000) over prescription drugs. Proving that the era of big government is far from over, Al Gore has proposed a $253...
Calls for a “New Financial Architecture” are Redundant
In responding to a crisis, most of us feel more comfortable employing some sort of action rather than inaction. Their is a call to “Do Something” — even when nothing needs to be done. That is why politicians and sundry financial gurus from around the...
Moochers at Multiplex
Grab a bag of popcorn and get out your hankies. This one’s a real tear-jerker — for taxpayers, that is. Movie theaters are shutting down all across America. The stock prices of major multiplex chains are plummeting. Cinema companies are declaring...
How The West Was Seized
Vice President Al Gore — Mr. Environmentalism, Mr. Encyclopedic Mind — went blank during the second presidential debate this week when challenged on one of the most alarming land issues facing the nation. Highlighting the difference in their approaches to...
Teacher’s Union Lies
Many people hear only one side of the story of our public schools, because only the teachers’ unions have both the incentives and the millions of dollars required to produce sustained advertising campaigns about education. These campaigns intensify during an...
The Peace Process War in Israel/Palestine
After seven years of tireless negotiations, we can finally see the hard-won result of the Middle Eastern “peace process”: war. Make no mistake about it. The current orgy of killing in Israel/Palestine is not due to a failure or breakdown in negotiations,...
Freedom in Education: Pro Choice or Pro Monopoly
It is amazing how many people who are “pro-choice” when it comes to abortion are against choice when it comes to education. Indeed, that is the official position of the Democratic Party. Despite Al Gore’s rhetoric at the Democrats’ convention...
The Censorship Smokescreen
For the past week, our politicians have been busy constructing the foundations of censorship in America. And worse: They have been doing so unanimously. Censorship is being promoted across the political and cultural spectrum, from Al Gore and Joe Lieberman to John...
Fascist Medicine: Why the Health Care System We Have Now is Worse Than Socialism
What we have in the United States today, in health care and other fields as well, is government largely running the show while we all pretend that it’s capitalism causing the problems.
A Season of Trivialities
What an exciting election season. Just think of the campaign issues everyone’s talking about. Al Gore gave his wife a long smooch at the Democratic convention; will this endear him to suburban women? George W. got in trouble when he called a reporter an...
Who Owns Your Genes?
Our genes are stretches of DNA that we got from mom and dad. They have been with us since our beginning. Genes built our bodies. They exist in each and every one of our cells. It seems reasonable that our genes shouldn’t be anybody else’s property. Yet,...
Fight The Anti-Pesticide Pests
The West Nile virus came to my neck of the woods last week, when four dead crows turned up in southern Maryland and Washington, D.C. Am I scared? Yes, the possible presence of infected mosquitoes in my lakeside neighborhood is worrisome. But even more disturbing is...
Astonishing Arrogance vs. Infuriating Cowardice: A Psychologist Analyzes the First Presidential Debate Between Bush and Gore
If individual rights (or lack thereof) are the fundamental issue in politics, then one should judge political candidates for President based upon their stated adherence to (or lack of adherence to) the preservation and expansion of individual rights — that is,...
Al Gore’s Money Grab
Whose money is it? In a muddled political contest, where there is no basic disagreement on prescription drugs, education, or even foreign policy, the biggest issue might be: Which candidate, if any, thinks you have a right to your own money? Al Gore’s answer is...
Who is Al Gore Championing?
Al Gore claims he is trying to fight for “those who need a champion, those who need to be lifted up so they are never left behind.” Exactly who is Al Gore championing, and in what name? Is he championing the ideas of independence and self-responsibility?...
A Recipe for Economic Collapse in Venezuela: Hugo Chavez’s Anti-Capitalist Philosophy
One of the perennial complaints made of investment analysts is “why didn’t you warn me about this before the crash?” While difficult, it is sometimes possible to identify the makings of a country’s downfall beforehand, while the news about it...
The Microsoft Saga
In a decision generally hailed as a victory for Microsoft, the Supreme Court rejected the government’s plea to hear a direct appeal of the government’s Antitrust case against Microsoft. In April, Judge Thomas Penfield Jackson ruled that Microsoft had...
Facts, Anyone?
When demands for rent control were made to the city council of the small, middle-class community of Foster City, California, the members of the city council responded in a way that is very unusual. They relied on facts. The facts they relied on were that cities with...
“Free” Drugs Courtesy of Al Gore
Al Gore promises cheap or free prescription drugs for everybody. Wow! What a deal! I’m going to vote for Gore. How nice of him! Where has he been all these years? Wait a minute. There must be a reason why some drugs are so expensive. Could it be that drug...
The Great (?) Debate
Too often the first presidential debate looked like an Al Gore monologue, with footnotes by George W. Bush, while moderator Jim Lehrer looked on like an innocent bystander. Perhaps Lehrer was too much of a gentleman to say, “Shut up, already, so the other guy...
Who Should Take Credit for America’s Prosperity: Bill Gates or Bill Clinton?
It seems Bill Clinton is trying to fool us again, this time into believing we owe him our prosperity. In the Democratic convention, he proudly claimed responsibility for the last eight years of unprecedented progress and prosperity in America. The false but widespread...
Pay For Your Own Day Care
In San Diego, they’ve turned the public schools into full-service baby sitters at a cost of more than $15 million per year. The program is called “6 to 6.” Every elementary and middle school student is eligible for sun-up to sundown care. Well, why...
Why Clinton Would Win A Third Term: Feelings Above Reason
A comment I heard from a radio disc jockey sums up exactly what’s wrong with our country today. “Whatever you think of President Clinton, he sure is a charmer,” he said on the air. “Can I vote for him a third time?” The disc jockey is...
China’s Gymnastic Gulag
I always enjoy watching the Olympic games. I enjoy the stories of the athletes’ determination, the hard work and mental focus they devote to reaching their goals. But this year, that enjoyment has been marred by a disturbing note. During the first week of...
Why “Debt Forgiveness” is a Bad Idea: Punishing Producers and Rewarding Moochers and Looters
Among some government officials and certain members of the financial press, the idea of debt forgiveness is in vogue. Many specious arguments have been made by an assortment of different groups who believe debt forgiveness is the financial panacea that will begin an...
The Olympic Games Celebrate the Mind
Here I stand at the first great climax of my life. I, Dicon of Athens, wait in this grand stadium beside the river Alpheus. I am the proud progeny of my city’s dedication to the perfection of mind and body, and gathered around me are athletes from all the Greek...
Will A Right To Prescription Drugs Kill Both The Sick And the Healthy?
Al Gore promised to provide prescription drugs “coverage for all” American senior citizens if elected president. Democrats applauded, and Republicans timidly committed to a plan that makes “coverage … available for all seniors.” What would...
Know Thy Enemy: The Dangers of the IMF’s “World Economic Outlook”
Every two years the IMF publishes its “World Economic Outlook“. (I’ll call it, aptly, WOE) The most recent advanced copy was released last week on the internet. [link], and I suggest that all global investors take a look at it. I disagree with most...
Why Clinton’s Efforts to Bring Peace to the Middle East Must Fail
One crucial element of Clinton’s legacy is his desire to be remembered as the American President finally responsible for ensuring peace in the Middle East. To that end, he has pressured the Israelis and showered favors on a life-long, Palestinian terrorist in an...
The Fourth Mega-Market, Now Through 2011: How Three Earlier Bull Markets Explain the Present and Predict the Future
The year was 1970, and I was part of a scorned breed, scorned at least on Wall Street. People who did what I did — recommending stocks based on historical price patterns — were literally laughed at by many of the Street’s citizens. I couldn’t...
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