The latest political alarm is about arsenic in our drinking water. Yes, Virginia, there is now, has been in the past, and may forever in the future be arsenic in our drinking water. Obviously not a lot or I wouldn't be writing this and you wouldn't be reading it. As...
POLITICS
Lessons From Luber’s Beige Book of Investor Psychology
Last night I found myself absent-mindedly singing a snippet of a song from Meredith Wilson's song from The Music Man, "The Sadder But Wiser Girl For Me." Only to my surprise, the words came out differently....."A slower and stealthier rally for me." (Of course, I am...
Stop Looking for Catalysts — This Isn’t Chemistry Class
One of the bear market arguments I read this weekend stated that last week's Nasdaq rally was a false rally because there was no catalyst to drive the rally. Well here's another perspective. Every false rally in the Nasdaq over the past six months has been driven by a...
Recent Warming is Not Historically Unique
Like leaves on trees the race of man is found,Now green in youth, now withering on the ground:Another race the following spring supplies:They fall successive, and successive rise--Homer, Iliad, Book VI, Line 181 Recent news coverage portrays the twentieth century as...
America’s Problem with Prejudice
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...
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 has happened...
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...
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 the conservative...
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...
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 the...
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 about this have been,...
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," they insist, stems from slavery -- that...
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 stand up to the...
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 don't seem to apply to Palestinian...
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 Act...
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 quite different.The moral...
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 rightly...
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 bosses and 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 competitiveness." Some...
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...
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