In July, rioters laid siege to several Pakistani stock exchanges to protest declining prices in the stock market. At the Karachi Stock Exchange, a mob of small investors destroyed equipment and files, smashed windows, and burned tires in a rage over falling prices. In a similarly-themed
Today's economy faces a long list of problems. We hear daily about high gas prices and inflation, of a battered stock market, of a growing number of people unable to afford their mortgages, even of banks failing and huge companies facing bankruptcy. What explains this
Part 1: Enemy Imagine that tomorrow the government confirmed with certainty the deaths of Bin Laden, his generals, and every single Al Qaeda foot soldier. Would that mean that the war on terror was over? Would that be enough to declare the US safe from the
A group of college presidents has sparked debate by signing a petition urging the drinking age be lowered to 18, the legally recognized age of adulthood. They argue that “twenty-one is not working” because it has “not resulted in significant constructive behavioral change among our
In the early 1960s, President Kennedy challenged America to make what would be a giant leap for mankind by putting a man on the moon within the decade. Offering his own version of this challenge in a recent speech, former Vice President Al Gore called
In November 2007, Barack Obama said that as President of the United States, he would personally negotiate with Iran, offering economic incentives and a chance for peaceful relations if Iranian leaders would forego pursuit of nuclear weapons and support of terrorists. In an interview with
Former NBA official Tim Donaghy was sentenced to 15 months in prison last week for gambling on NBA games, some of which he himself officiated. The interesting thing about this case is not the question of whether or not the defendant was guilty. This was
Billionaire investor Sir John Templeton passed away last month. A devout Presbyterian, Templeton devoted much of his fortune to the study of the relationship between religion and science. He believed that faith and the scientific method could work harmoniously to advance knowledge about the world. Such
The Wall Street Journal recently ran an excellent editorial examining the bad business and corruption that arises "when you combine private profit with government power." Created by an act of Congress in 1938, Fannie Mae is a government sponsored enterprise (GSE) that owns or guarantees
The New York Times reports that in a recent speech, Randi Weingarten, the new President of the American Federation of Teachers, offered her “new vision for schools in the 21st century”. “[I]magine a federal law that promoted community schools — schools that serve the neediest children