Archive for December, 2003

Deficits, Debt, the Dollar, and Disaster? Who Cares!

Wednesday, December 31, 2003 9:19 Comments Off

Tidbits from the Daily Reckoning: It has been a great year for stocks – if you ignore the currency in which they are calibrated. It has been a great year for real estate, too…subject to the same objection. In fact, it has been the best year ever for real estate – ever in history. * [...]

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Oakeshott and War

Tuesday, December 30, 2003 16:56 Comments Off

In the NYT, Brooks “argues” with Oakeshott: We can’t know how Oakeshott would have judged the decision to go to war in Iraq, but it is impossible not to see the warnings entailed in his writings. Be aware of what you do not know. Do not go charging off to remake a society when you [...]

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Why They Hate Us

Tuesday, December 30, 2003 14:10 Comments Off

It’s not “democracy,” “freedom,” Larry Flynt, or even a hundred years of imperialist adventures…’s, it’s…..Fruitcakes! Who can blame ‘em? Thanks, RB.

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On Buying American

Tuesday, December 30, 2003 11:31 Comments Off

Some fun anecdotes in response to Gary North’s blog post and article on “buying American”: First of all, UAWism is a religious euphoria here in Detroit. Those guys typically have bumper stickers that say, “Real Americans Buy Real Cars.” And the UAW’ers never go anywhere without their union jackets, telling us all which “local” they [...]

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Oh Boy, Oh Boy……

Monday, December 29, 2003 16:32 Comments Off

Here’s the scary crowd responding to my post today on our “volunteer army.” And no, I did not make this letter up, so that it appears to be coming from a 4th grader. And no, I did not touch the grammar, spelling, punctuation, or otherwise………..I think this letter is from a full-blown adult, probably an [...]

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Everything You Ever Wanted to Understand About Enron But Were Afraid to Ask

Monday, December 29, 2003 15:54 Comments Off

Some folks have written me, asking me about corporate scalawags, failures, and the accounting scandals. I hope to eventually finish the new section of my website to reflect a resource center for such writings and information. But with my busy season coming up (my have-no-life season), it’s tough to get it done. Here’s some advice [...]

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Wal-Mart: Monster or a Model of Integrity?

Sunday, December 28, 2003 10:21 Comments Off

An interesting look at Wal-Mart: Steve Dobbins has been bearing the brunt of that switch. He’s president and CEO of Carolina Mills, a 75-year-old North Carolina company that supplies thread, yarn, and textile finishing to apparel makers–half of which supply Wal-Mart. Carolina Mills grew steadily until 2000. But in the past three years, as its [...]

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Hannity’s New Book

Saturday, December 27, 2003 9:21 Comments Off
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Best Places to Live? Hogwash!

Thursday, December 25, 2003 11:03 Comments Off

What a disappointing list from Money Magazine. Many of these places ranked high are chic communities, of course, but the cost of living makes them anything but the “best places to live.” Look at the median home prices on this list. Look at the “increase since 1990″ column, and see the effects of the housing [...]

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Recipe for Financial Disaster

Thursday, December 25, 2003 10:28 Comments Off

Over the last 12 months, consumers racked up a record amount of personal debt, and with it record numbers of personal bankruptcies and foreclosures. And experts on personal debt and the economy say consumers will continue to spend. “The consumer has been the hedonist of last resort,” said Alan Levenson, chief economist for T. Rowe [...]

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