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Gulf Spill

Another NYT Attack on Human Efficacy

Another NYT Attack on Human Efficacy

From Gail Collins of the NYT, another assault on Americans’ benevolent sense of life, comparing it to day-dreaming. “Americans have always raised their children to believe in the power of the dream. This is probably why hundreds of thousands of young people are certain they are destined to become the American Idol. Or Next Top Model. Or marry a Jonas Brother. A few of these dreamers grew up to run oil companies.

Anti-Capitalist Hatred

Anti-Capitalist Hatred

John McDonnell, running to succeed Gordon Brown as head of the British Labour Party, said in a speech at the GMB Union Congress that he wished he could “go back to the 1980s and assassinate [Prime Minister Margaret] Thatcher." (The GMB Union was formerly the General, Municipal, Boilermakers and Allied Trade Union.)

The Gulf Spill

Criminal Charges for BP?

Criminal Charges for BP?

The Gulf Spill Once again, journalists are speculating about the possibility of bringing criminal charges against BP CEO Tony Hayward. I have not yet heard anyone propose the death penalty, but I am not sanguine (they did at the time of Enron).

Dell, Intel, and Antitrust

Dell, Intel, and Antitrust

A story by Don Clark and Kara Scannell (of the WSJ) suggests that the investigation into Dell (mentioned yesterday) will bring to light the question of Intel rebates.

Fear Produces Safety

Fear Produces Safety

The Only Safety is Absolute Terror
 
From an NYT article by Andrew Ross Sorkin: “The [credit-rating] agencies have a long history of getting it wrong. Enron, WorldCom, Penn Central—the ratings agencies always seem to be a day late and a dollar short.

Fuld Asks Dismissal of Repo 105 Suit

Fuld Asks Dismissal of Repo 105 Suit

According to a story at Bloomberg.com:“ Lehman Brothers Holdings Inc.’s ex- Chief Executive Officer Richard Fuld asked a judge to dismiss a lawsuit accusing him and his colleagues of failing to disclose Repo 105, a financing method allegedly used to conceal billions of dollars of debt, according to court records.”

How Bad Was the Gulf Spill?

How Bad Was the Gulf Spill?

The Deepwater Horizon oil spill is not central to the concerns of the Business Rights Center. But it is worth following because of the legal, legislative, and regulatory consequences that are bound to follow. Alarming assessments of the spill are easy to come by.

In Gov We Trust?

In Gov We Trust?

In Gov We Trust?

Independent Review has published an article by Bruce Yandle on the cause of the financial meltdown.

It's an ill spill that brings no one good

It's an ill spill that brings no one good

I do not think I am indulging in the broken window fallacy to call attention to this story by Nicole Norfleet of Associated Press regarding the improved prospect that the Gulf oil spill has brought to non-Gulf shrimpers.