PEER REVIEW BEATS JUDICIAL REVIEW
Looking back, it has become clear how Michael Milken did it. It was a brilliant strategy. Now, this Wall Street junk bond king is free of all charges and on...
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ENVIRONMENTALIST FOCUS FLAWED, FUTILE
The Alaskan oil spill provides further proof that America`s environmental movement is hopelessly lost in pristine contention. Purity of motive, pushed to its outer reaches, won`t keep oil or toxic...
A SIMPLER WORLD, IN THE YEAR 2050
My friend Jed and I urge you to think about the possibilities of computerized global financial markets as we enjoy our life here in the year 2050. Jed makes all...
IT`S A DIRTY JOB, AND FED IS DOING IT
With the Federal Reserve Board so much in the news, it is fair to ask: What is its purpose, and what is it doing? Does it think it is God?...
NO-FAULT BANKING: FREEDOM BAILS OUT
When the Feds swept in recently to take over several savings and loan associations in the Chicago area, it was another example of how no-fault banking policy operates in this...
2-GRAPE THEORIES TEST BUREAUCRACY
It has taken us years to find them. They are troubleshooters par excellence, men and women with sharp eyes and keen analytical skills. They are the federal inspectors who discovered...
PENTAGON NEEDS A FRANK LORENZO
Now that President Bush has nominated Rep. Richard Cheney of Wyoming as defense secretary in the wake of John Tower`s defeat, the congressman will have a unique chance to clean...
NO REAL CATACLYSM, JUST A SLOW DECLINE
There`s a story going around Washington about how George Bush, a la Rip Van Winkle, goes to sleep for three years. When he wakes up, the first person he sees...
POLITICS OF RACE IS TERRORISM, TOO
I have been possessed with an overwhelming notion: What would happen if Ayatollah Khomeini suddenly took a disliking to Oprah Winfrey`s mashed potatoes? It isn`t an idle question after the...
BUSH BAILOUT TOO, TOO KIND TO S&LS
In this savings and loan crisis, all I want is blood. I don`t want to bail out all these insolvent, poorly run institutions without obtaining some pound of flesh. Revenge,...