For the past week, commentators have decried the return of "dangerous Cold War thinking." But the crisis with China is just the opposite. It is not a return to the past, but rather the outcome of America's eager courtship, over the last decade, of China's communist...
POLITICS
Where’s The Profit In Biotech?
Larry Ellison, founder and chairman of software giant Oracle, says that he'd go into genetic engineering if he were starting out in business today. Silicon Valley venture capitalist John Doerr may have made a fortune investing in computer and Internet companies, but...
Tax Cut Triggers…for Bigger Government
The budget surpluses over the next 10 years are expected to reach $5.6 trillion, yet Washington insiders are screaming that President Bush's modest $1.6 trillion tax cut is too big. But if anything, it's too small. The Bush tax cut is only about half the size of the...
Random Thoughts
Random thoughts on the passing scene: Ad for a ski resort: "If swimming is so healthful, why are whales so fat?" Talk about cloning human beings recalls Winston Churchill's comment about the secrets of the atom, "hitherto mercifully withheld from man." Why create...
The Other Education Crisis
Once a week, 9- and 10-year-old boys at Cleveland Elementary School in Washington, D.C., learn how to be gentlemen. They're taught to take off their hats when they enter a building. They're told to open doors for visitors. They learn how to respect each other, respect...
Campaign Finance Reform and Other “Feel Good” Laws
It is not often that conservative talk-show host extraordinaire Rush Limbaugh and Harlem's left-wing Congressman Charles Rangel are in agreement on anything. But they both say that the McCain-Feingold campaign finance reform bill, which has just passed the Senate to...
The Conservative Left and Tax Cuts
A Fox News liberal-conservative debate the other night was very revealing. The discussion was about tax cuts. The liberal (Mort Kondracke) said that tax cuts "are all about numbers." The conservative (Fred Barnes) was quick to retort, "It's not all about numbers. It's...
Demoralizing Young Blacks for the Empowerment of “Black Leaders”
David Bell, Harvard law professor, counseled, "Black people will never gain full equality in this country." The late columnist Carl Rowan said, "Racism remains a terrible curse on this society, and ... nothing in sight suggests that that curse will end soon." New York...
Bush’s Baseball Tax Fetish
What is it with some Republican leaders and baseball? When it comes to America's national pastime, the party of lower taxes and less government leaves its principles in the dust. The lead GOP pitcher for sports pork is President Bush, who launched a federally...
The NASDAQ Plummet: A Truly Mean Reversion
Statisticians who watch the stock market are accustomed to using the phrase "mean reversion" to describe how returns from investing in equities tend to come back to their long-term averages after they diverge for awhile. The extraordinary period that ended about a...
The Role of “The Rich”
A recent catalogue from the giant second-hand camera dealer KEH listed a Canon camera made for the Japanese navy during World War II. This model is described as one of only 15 such cameras made and as being still in excellent condition. Its price is $40,000. Most of...
PETA Should Rename Itself ‘The Inhumane Society’
I could tell it was a parody. "Dear Warden Lappin," began the letter to the director of the federal penitentiary in Terre Haute, Ind., where Timothy McVeigh is being held, "On behalf of People for the Ethical Treatment of Animals (PETA), I am writing to ask that you...
Richard Li: Hong Kong’s Destructive Prince of Political Pull
One of Hong Kong's largest, and most enduring business institutions has been laid low by a reckless brat from one of Hong Kong's most powerful families. About a year ago, Richard Li acquired Hong Kong Telecom, and proceeded to destroy over US$20 billion of Hong Kong...
Friendship is Selfish
Cicero wrote that, "There is nothing more fatal to friendship than the greed of gain." Although a popular sentiment, it's a deeply mistaken one. Think about the friends you have. Try to make yourself aware of what you enjoy about those friends -- that is, how they...
In Defense of David Horowitz’s Anti-Reparations Ad: A Feeling Is Not an Argument
Over the past two weeks, college students have been denouncing the publication of an ad that opposes "reparations" to blacks in America. Angry Duke students staged a sit-in to demand an apology by the school's newspaper, the Chronicle, for running the ad, "Ten Reasons...
John McCain, Traitor
It is time to put the John McCain myth to rest. For years, the national media and a gullible grass-roots following have glorified McCain as a man of integrity who deals in "straight talk." They have promoted his image as a hero who fought bravely for his country in...
The Telecommunications Industry Lives
Every time I hear somebody deliver a eulogy for the telecommunications industry, I think of a wonderful analogy that makes me feel better. The argument that the telecommunications industry is dead goes something like this: There is enough capacity in long haul fiber...
Private Lands and Private Businesses Are Not Public Property
Congress and the Bush administration are looking for ways to reverse President Clinton's barrage of executive orders from his final months of office. The former president, for example, arbitrarily designated millions of acres of private lands as public property,...
The War On Merit
America faces a serious threat. It comes from a war being fought within our own borders. The war is on merit, and it may ultimately decide the fate of our society. One place this war is being fought, and lost, is in the U.S. Army. The losers are the Army Rangers, the...
Cultural Bias and the SAT
Ever since racial quotas in college admissions were banned by Proposition 209 in California and by the 5th Circuit Court of Appeals in Texas, academics and politicians have been racking their brains to come up with something that would allow quotas to continue under...
Compassionate Liberalism: The Senate’s Charity Case
Now we know which political party is truly the Party of the Little People. Noble Senate Democrats have come to the aid of a downtrodden woman. They are furiously passing the plate for this destitute soul, pulling out all the stops to help her get back on her feet. Who...
‘Civil Rights’ Versus Sports Teams Named After Indians
It is no secret that the civil rights establishment has become a parody of what was once a courageous army for racial dignity and fairness. There was a time when those who claimed to fight against prejudice confronted genuinely terrible injustice: segregated public...
Conference Report: NYU’s “ASIA: Restructuring in Action”
Last week I attended a full-day business conference "ASIA: Restructuring in Action," at NYU's Stern School of Business. There, professors and industry experts met to discuss how post-crisis Asia was progressing. We discussed macroeconomic trends, the restructuring of...
Humorless at Harvard: The Bastion of Academic Slavery
A young Harvard undergrad enraged the campus emperors of political correctness this week when he tried to tickle their funny bones. Justin Fong, a writer for the Harvard Crimson student newspaper, quickly discovered that the emperors have no clothes, no spine, and...
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