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...
POLITICS
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...
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...
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 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...
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,...
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...
Stock Market: Reasons for Hope and Worry
The date was Dec. 5, 1996. The scene was the ballroom of the Washington Hilton Hotel. The speaker was Alan Greenspan, the chairman of the Federal Reserve Board, keeper of the nation's money. He had been droning on for 45 minutes with an address on the 83-year history...
Hollywood’s Celebrity Bush Bashers
Get ready for the red-carpet parade of egos. It's Oscar time again. Millions will tune in this weekend to gawk and swoon as the world's most famous actors and actresses celebrate their favorite subject -- themselves. As the night of a thousand stars approaches, what...
“Conserving” Electricity
Has anyone ever pleaded with you not to buy a Rolls Royce? The argument might go like this: So much expensive materials and so many man-hours of highly-skilled hand labor go into producing a Rolls Royce that, if everyone had one, it would drain so many resources and...
It’s A Great Day For Investing
The date was Dec. 5, 1996. The scene was the ballroom of the Washington Hilton Hotel. The speaker was Alan Greenspan, the chairman of the Federal Reserve Board, keeper of the nation's money. He had been droning on for 45 minutes with an address on the 83-year history...
Criminal vs. Immoral
Q: What is the difference between what is "immoral" and what is "criminal"? Isn't something criminal, so long as it's objectively judged, also immoral? A: If something is rationally judged criminal, then by definition it's immoral as well. For example, it's rational...
The Catch-22 of U.S. Trade
In his recent testimony before Congress, U.S. Trade Representative Robert Zoellick painted an attractive portrait of free nations "bound together by free trade."But it is a portrait marred by a little-noticed Catch-22 of U.S. trade law that hurts Americans and many...
Storm Troopers Vs. Free Speech
Despite media proclamations of "the public's right to know" and frequent invocations of the First Amendment, there has been a deafening silence from the national media over the storm trooper tactics used on college campuses against student newspapers that carried a...
Public Citizen’s Hit And Hide Attack On Bush’s Regulatory Czar
Barely moments after the Bush White House announced their decision to appoint a respected Harvard researcher to be the administration's regulatory czar at the Office of Management and Budget, the left-wing advocacy group Public Citizen produced a 130-page hit piece on...
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