POLITICS

What a Rational Immigration System Actually Looks Like

Americans have a rational self-interest in admitting people who will strengthen that protection and excluding people who will undermine it.

Judging Judges

Judging Judges

While the most immediate effect of the Republicans' election victories has been to strengthen President Bush's hand in dealing with the threat of Saddam Hussein, the most important long-run effect may be on the kind of federal judges who will shape the direction of...

Red-Tape Conservationists

Environmentalists are up in arms about a recent Bush administration proposal to reduce red tape on logging in federal lands. But what this controversy is really about is not just the "conservation" of forests, but the conservation of the vast, arbitrary authority of...

Which Way Will the Democratic Party Go?

Which Way Will the Democratic Party Go?

Given the unequivocal rout in the Nov. 5 election, there's been no shortage of friendly advice on how the Democratic Party can resuscitate itself. From Sen. Zell Miller, a Georgia Democrat, looking at the prospect that Rep. Nancy Pelosi of San Francisco will become...

War and Morality

The hallmark of our political leaders today is moral uncertainty--a quality that is shaping President Bush's shapeless policy toward Iraq. Despite his repeated assertions about the dangers posed by Saddam Hussein, Mr. Bush chose to embrace the appeasing resolution...

What Would Jesus Drive?

A group of Evangelicals claims a hazard lies in the road ahead. Is their concern radical Islam, you may wonder? Violent crime, you may ask? Smothering taxation, you may guess? No, these Christians got wrapped around the axle about the sinister sport-utility vehicle,...

Washington’s $782 Billion Spending Spree

"If we don't … reaffirm our commitment to fiscal responsibility, years of hard work could be squandered," Federal Reserve Chairman Alan Greenspan recently told Congress. Considering the ever-climbing spending levels on Capitol Hill these days, his warning makes...

Gun Control Myths and the Facts

Gun Control Myths and the Facts

Most people who are in favor of gun control laws support such laws because they believe that these laws will reduce the number of firearms deaths. Such people are not the problem. Their minds can be changed when they learn that the facts are very different from what...

Enough Analyst Bashing

There's been a lot of tough talk about how "tainted" Wall Street stock research is -- and what should be done about analyst recommendations influenced by investment-banking fees and other conflicts of interest. It's an important question of business ethics, legal...

Gun Control Myths: Gun Restrictions and Murder Rates

Gun Control Myths: Gun Restrictions and Murder Rates

Talking facts to gun control zealots is only likely to make them angry. But the rest of us need to know what the facts are. More than that, we need to know that much of what the gun controllers claim as facts will not stand up under scrutiny. The grand dogma of the...

Islam’s Ugly Assault on Beauty

Beauty pageants are not usually events fraught with geopolitical significance. But then again, they are not usually held in the middle of a battleground in the war between Islam and the West. The collapse of the Miss World pageant in Nigeria is an important case study...

Free Speech for Me, But Not For Thee

Free Speech for Me, But Not For Thee

The financial media is in an uproar over proposed new New York Stock Exchange and National Association of Securities Dealers rules that would require stock analysts to stop talking to reporters who didn't include mandated disclosures when the analyst is quoted in...

Gun Control Myths: The Case of England

Gun Control Myths: The Case of England

Professor Joyce Lee Malcolm of Bentley College deserves some sort of special prize for taking on the thankless task of talking sense on a subject where nonsense is deeply entrenched and fiercely dogmatic. In her recently published book, "Guns and Violence," Professor...

Phony Diversity

You've written a tuition check, carted your son or daughter off to college, given those last minute admonitions and made those tearful good byes. For those thousands of dollars, the anguish of seeing your 17- or 18-year-old pack up and leave home for the first time,...

Thankful to Be American

Before the Berlin Wall came down, I worked at a supermarket where a regular customer, a refugee from Communist Yugoslavia, once told me, "In my old country, we were lucky to have small shops that sold some food; in America, we have supermarkets for toys." Not a...

Class sizes and Academic Achievement

Election Day brought some surprises, but the fact that voters in Florida passed an amendment that would reduce class sizes in their state isn't one of them. Naturally, most parents would rather see their children in classes with just 19 other kids and a qualified...

Quarter One 2000 Upside Down?

When an investment celebrity like Pimco's Bill Gross calls for Dow 5,000, we can't help but see it as a sign of extreme investor pessimism suggesting that we must be getting near a bottom. It reminds me of the kind of thing we heard at the top in 2000 -- in reverse....

Is Deflation Dead?

Ever since Alan Greenspan surprised the markets by lowering interest rates 50 basis points a week ago Wednesday, the financial media have been frantic with worry about deflation. Well, you heard it here first -- exactly a year and a day ago in this column, on November...

Does the Democratic Party Take Blacks for Granted?

Does the Democratic Party Take Blacks for Granted?

In analyzing the recent Democratic bath in the off-year election, black Representative Cynthia McKinney, D-Ga., defeated in her own primary, accused the Democratic Party of "taking black voters for granted." Tavis Smiley, black NPR commentator, made the same assertion...

Real Options: A Practitioner’s Guide

AN ANALOGY-GETTING FROM HERE TO THERE Suppose you are planning to drive from Boston to Los Angeles. If you are like us, you will get a map (online from the Internet), remember that over long distances the great circle route is actually the shortest distance between...

Norman Borlaug: Solving World Hunger Through Genetics

Not to take anything away from Jimmy Carter, the 2002 Nobel Peace Prize winner and a far better ex-president than president, but, when it comes to saving lives, no one can compete with Norman Borlaug. Norman who? Borlaug is one of the great humanitarians of the 20th...

The Legitimacy of Intellectual Property

The Legitimacy of Intellectual Property

Revolutionary technologies always disrupt society and one of America's biggest "digital age" disruptions is occurring in the area of intellectual property (IP). Indeed, the digital revolution has re-ignited a heated debate over whether intellectual property is even...

Social Security Reform: It’s Alive

Social Security Reform: It’s Alive

Opponents of Social Security reform must feel like they're stuck in a bad horror film. Every time they think they've killed off personal retirement accounts, the campaign to create the accounts comes back, stronger than ever. The 2002 election was no exception. Social...

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