Capitalism is in crisis, claims Richard Posner on the pages of the Wall Street Journal today. This crisis happened, he says, because “a capitalist economy, while immensely dynamic and productive, is not inherently stable.” Furthermore, he suggests that “the banking crash might not have occurred
In the past months, Washington has used its pull over and over to force businessmen to buy into its programs. From cornering banks into accepting TARP money to firing GM’s CEO to insisting that AIG employees return their contractually guaranteed retention bonus—Washington has demanded and
Crime and Punishment: Jumping off the coal train, April 7, 2009 The Stanford Daily Stanford University Madame— Your article, “Crime and Punishment: Jumping off the coal train,” argues that despite the benefits of coal America should switch to "sustainable" energy production. Yet, aside from a ludicrous metaphor comparing coal
Bank of America CEO Ken Lewis has sparked controversy in his recent testimony to regulators. Lewis has revealed that he was threatened, by then-Treasury Secretary Hank Paulson and Chairman of the Fed Ben Bernanke, to buy Merrill Lynch, a company drowning in financial losses of
The Washington Post recently reported that the federal government has changed the rules of the $1 trillion program to relieve banks of toxic assets. President Obama’s administration is back-pedalling on promises it made to financial institutions only a month ago that they would not face
As people assemble on the National Mall to celebrate Earth Day today, the idea that man-made global warming is threatening our future seems a foregone conclusion. But even the left-leaning New York Times recently featured an opposing view from famous physicist Freeman Dyson. Keith Lockitch, a
Drawing the line on study drug morality The Yale Herald Yale University Madam— In your article, "Drawing the line on study drug morality," the idea that “life isn’t fair” is often mentioned with regard to differences of intelligence, money, attention capacity, etc. If the simple fact of disparity is
Last week at the G-20 summit, President Obama came under much scrutiny when he bowed to the king of Saudi Arabia. Earlier last week, Obama traveled the Middle East, pronouncing to its people that Americans should be “respectful [of the Islamic religion], even when we
Editorial: Up in arms, April 13, 2009 The Daily Princetonian Princeton University Sir— Within your editorial, “Up in Arms”, you rightly point out that guns, as such, do not compromise the relationship between students and Public Safety officers. Yet, given the tension that many civilians experience when faced with
Dawn Eden Speaks at Aquinas House, February 27, 2009 The Dartmouth Review Dartmouth University Sir— In your article “Dawn Eden Speaks at Aquinas House” the distinction is made between chastity on the one hand and having sex in pursuit of hedonistic pleasure on the other. There is no excuse