POLITICS

Who Says We Can’t Topple Saddam Hussein

You can't go changing regimes just because you don't like them! So claims a caller on a talk radio show, regarding whether or not President Bush should ever topple Saddam Hussein. This claim is wrong. It's based on numerous faulty premises, such as: Faulty Premise #...

“Unnecessary Attention” from the Federal Bulldozer

“Unnecessary Attention” from the Federal Bulldozer

There was a painful irony in an upbeat newspaper story about a man of modest income who was able to continue living in San Mateo County, California, only because he could rent a government-subsidized apartment for $850 a month. Without the subsidy, the rent would...

Investing: Stop the Dumb Bond Jokes

In what may be the best signal yet that the stock market has hit bottom and is on its way back up, this week I am going to write about bonds. Regular readers know that I am not fond of bonds as long-term investments. History has convinced me that they return far less...

Iran’s Summer of Discontent

It's turning into another long, hot summer for Iran's rulers. Riots are bubbling up throughout the Middle Eastern nation, just as they have in past summers, and the list of reasons are as long as the beards of the old men who govern the country: Economic stagnation....

“Open Space” = Housing Ban

“Open Space” = Housing Ban

A black man waiting at a bus stop called to me as I was bicycling down the street: "You're the first black man I have seen over here in a long time." "It will be a long time before you see the next one," I said, and we both laughed. In a deeper sense, it was not...

ABM Treaty: Not With a Bang…

Here we are, officially leaving the confines of the Anti-Ballistic Missile Treaty, and hardly a peep can be heard from the arms-control crowd. Excuse me, but where's the outrage? For years, they warned us not to withdraw. They told us how the treaty formed the...

Get Out Your Reparations Calculator

Thousands of aggrieved activists are headed to Washington, D.C., later this week for the "Millions for Reparations" march. The theme is: "They Owe Us." "Us" means black Americans who allegedly endure lasting psychological and economic suffering as a result of their...

The Psychology of Anger and Revenge

Q:I have a friend, Mary, who was nearly sexually molested by a 30-year-old adult when she was about 15 years old (she convinced him to stop). She never told anyone about it until she shared her secret with me about 6 months ago. Mary is now 35 years old. The accused...

Red Tiger Rising

Washington cocktail-party conversations about China typically go something like this: A person from the China-as-a-peer-competitor school of thought says "I think China, with its growing economy, growing military, and young, nationalistic population, will only...

What or Who is the Market?

Every day, we hear something about markets. Your 6 o'clock news anchor might say, "The market had a bad day." Last year, Federal Reserve Bank Chairman Alan Greenspan talked about the market's irrational exuberance. I guess now he'd say the market has irrational...

The President’s Economic Summit: Talk vs. Ideas

No bold new ideas have been heard so far, or are likely to be heard, at the president's "economic summit" today in Texas. Bold new ideas, it is becoming increasingly obvious, are not Bush's style. In place of new ideas, the summit offers a lot of very conventional...

Bad Medicine

Bad Medicine

The one monumental fact that is being ignored in all the political schemes to bring down the cost of pharmaceutical drugs is that it costs hundreds of millions of dollars to develop one successful new medicine. No matter how cleverly the politicians try to shift those...

Guidelines for Investing

If you are having a tough time deciding whether to dump a stock you own, don't despair. You aren't alone. In investing, nothing is harder. Nothing. Some people offer a simple formula -- such as, always sell a stock if it has dropped 20 percent or if it has risen 100...

PBS: The Impracticality of Theft

According to Fox News: "Critics say that PBS has compromised its mission over the last 30 years, squandering taxpayer dollars with little thought to viewer accountability and becoming slaves to corporate underwriters and political correctness. And while some charge...

Patriotism and Tax Havens

Patriotism and Tax Havens

What defines a patriot these days? Is it one's dedication to the principles of freedom, or is is it one's willingness to place their life second to the needs of the state. These days, it looks a lot like the latter is the common view. Take for example, the corporate...

An “Unselfish Love”

Q: If a man tells a woman that he loves her but then is always concerned about other people's feelings and not about hers, does he really love her? For example: He lives far away from his girlfriend. He has only two days to spend with her, when visiting, but he stays...

The Friends of James Ujaama

Just when you think you know somebody, he goes and gets himself detained by the FBI for questioning in connection with alleged ties to the terrorist network of Osama bin Laden. So, whom do you stand by: your country or an individual who you've known all your life --...

Put Dow Doubts to Rest

When our book, "Dow 36,000," was published in September 1999, the Dow Jones Industrial Average stood at 10318. The Dow closed in the middle of last week at 8736. What went wrong? Actually, nothing. Despite its flamboyant title, "Dow 36,000" was a book of sober...

The Anti-Capitalist Offensive

At the same time that John Walker Lindh is allowed to cop a plea, getting who knows how few years in prison, the media and a segment of the public are demanding to get the heads on a platter (the phrase actually used) of a number of CEOs of business firms who have yet...

The Fast Food Three vs. The Whopper

The Fast Food Three vs. The Whopper

Stop me before I eat again! This explains a recently filed lawsuit against four fast-food restaurant chains: McDonald's, Burger King, Wendy's and KFC Corporation. A lawyer, seeking to eventually file a class-action lawsuit, found three plaintiffs who claim that the...

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