The leaders of the world's most advanced nations, plus Russia, met recently at the G8 summit in Genoa, Italy, to discuss ways to increase trade and international cooperation -- about the most peaceful and civilized thing that the world's leaders could possibly do....
POLITICS
Legalizing Paternity Fraud
She told him he was the little girl's father, and he believed her. When the state asked him to acknowledge his paternity, he went in and signed the paper they put before him. Though scarcely more than a child himself, he understood that good men don't walk away from...
Publik Skool Biggotz
Nothing breeds sophomoric resentment like academic success. So it's no surprise that home schoolers and their children are the target of a spiteful T-shirt sold in retail stores and online. The short-sleeved shirt is white with red trim. A red silhouette of a mobile...
The Ugly Truth About Oracle
Last week, an article in the Wall Street Journal reported that Oracle had overstated the number of customers that it had for its most recent release (release 11i) of its applications. The article also implied that customers were not buying 11i or were not migrating...
The Defrauders Next Door: The U.S. Department of Housing and Urban Development
Fraud is so inherent to the operation of the U.S. Department of Housing and Urban Development that "HUD Scandal" might as well be one word. The latest hudscandal involves a feel-good program (what else?) for cops and teachers. Since 1997, police officers have been...
Cisco Blows It
I've been saying for weeks that the markets would be waiting for Cisco's earnings report -- which was released yesterday after the bell -- to set the tone for the post-earnings season world. That's because Cisco was a winner of "the gorilla game" as it was played...
Sharon Should Have Said No To Powell
Earlier this year in April (2001), Secretary of State Colin Powell rebuked Israel for sending tanks and bulldozers into Gaza following Palestinian mortar attacks on the Israeli town of Sederot. "The Israeli response," he said, "was excessive and disproportionate." Of...
United Nations
The United Nations will open its "World Conference Against Racism, Racial Discrimination, Xenophobia and Related Intolerance" (let's call it WCAR) on Aug 31 in Durban, South Africa. Already there are threats to pull out by the United States unless agenda proposals...
Big Nanny Takes a Bath
Every night, I roll up my sleeves, take off my socks, and climb into the bathtub with my 11-month-old daughter, her two rubber duckies, a Mickey Mouse sponge, and a pile of floating toy debris. She splashes and squirms incessantly, but I have at least one hand on her...
George Gilder Shouldn’t Blame His Bungle on the Government
Yesterday the Wall Street Journal ran an extraordinary op-ed piece by George Gilder, called Tumbling into the Telechasm. In it, the celebrated author of Telecosm and the publisher of the Gilder Technology Report lists all the federal government's catastrophic policy...
An Unbiased Eye for Education
His nomination isn't even official yet, but the knives are already out for Gerald Reynolds, the former president of the Center for New Black Leadership whom President Bush has tapped to run the Education Department's Office of Civil Rights. His crime? He opposes...
Questions & Answers On Privatizing Social Security
Aren't most people too unsophisticated to manage their private account? This is a valid concern, but there are simple solutions that have worked well over twenty years with 401(k) plans, and they could easily be applied here. First, rudimentary investment education...
Intel Crushes AMD: Will Cisco Join Them?
As we continue through the slow and painful process of building a bottom after the great techwreck of 2000/2001, we have the opportunity to crash-test a great investment thesis from the irrationally exuberant era of the late great bull market -- "gorilla investing."...
Relief for America’s Health Care Titanic
Over the past few months, congress has been trying to make it easier for employees to sue their employers if they are not happy with their health insurance plans. Yes, you read that correctly. Liberal-socialist-statists want to hold employers responsible for the fact...
The Green Party vs. American Capitalism
The Green Party has 362 candidates running in 39 States. If they can tap into the uncertainty and resentment of voters, they are likely to draw votes from Democrats in the mid-term elections. Political analysts believe Ralph Nader's run for the presidency in 2000 took...
A Cost Benefit Analysis on Privatizing Social Security
In my commentaries this week, I've discussed the transcendent importance to the economy and the markets of the potential for restructuring Social Security, to include individually managed private accounts. I've talked about some of the myths about Social Security, and...
Liberty’s Greatest Advocate: Frederic Bastiat
June 30 marked the 200th anniversary of the birth of Frederic Bastiat. If one were to list the top 10 advocates of liberty, French philosopher-economist Bastiat would rank high on that list. He'd easily outrank any one of the founders of our nation. I'm honored to...
Lessons from Chile on Social Security
This week I'm focusing on the myths that will keep investors from grasping the risks and opportunities on the road ahead as President George W. Bush pushes for restructuring Social Security -- probably with the introduction of private accounts that could be invested...
Privatizing Social Security is Good for the Economy
We may be on the brink of a once-in-a-decade investment opportunity, a rare chance to catch a huge environmental change in the economy and the markets. And it's still early on this one -- you can still catch this one before it becomes part of the conventional wisdom,...
Apartheid for Native Hawaiians
Some people will do anything to get their hands on federal wampum. Across the country, scam artists claiming to be oppressed "indigenous peoples" have used dubious family histories, altered documents or shady land claims to win government recognition as Indian tribes....
Foundry Networks
Foundry Networks reported better than expected earnings and revenues for the second quarter (July 25, 2001). The company reported revenues of $88.6 million, up sequentially by 7.3%, and $16 million above consensus forecasts. Earnings per share were $.07, which was...
A FED without Alan Greenspan
Does the market ever go up on a day when Alan Greenspan talks? I can't remember when it ever has. On July 18, 2001, the markets gapped lower on the opening. They tried to recover in the first hour, but as soon as the prepared text of Greenspan's testimony before the...
Where Does America Stand?
Gao Zhan has seen the cruelty of the Chinese dictatorship firsthand and up close, as a native of China and through the last five and a half months of captivity under trumped-up accusations of spying. But she has emerged unbowed. Here are her words upon returning to...
Daring to Question the Welfare State
Did Treasury Secretary Paul O'Neill commit a "gaffe" of epic proportions? Former Clinton Labor Secretary Robert B. Reich certainly thinks so. In an interview with Financial Times, O'Neill said, "Able-bodied adults should save enough on a regular basis so that they can...
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