Relevant and even prescient commentary on news, politics and the economy.

Resource Allocation In a series of arrests spanning 21 states, the feds are apparently rounding up illegal aliens working for WalMart, or rather, aliens working for a subcontractor hired to clean WalMarts. The immigrants are reportedly mostly Eastern Europeans. Is it possible that a 21 state operation to nab 300 people in the country illegally […]

Some or All? Today, Clark announced his tax plans: Clark vowed to repeal or modify the Bush tax cuts for families making at least $200,000 annually, repeating a promise he made a few weeks ago, and the scheduled reductions for those families making less than $200,000 would be protected under his plan. Clark is taking […]

Baseball and Efficient Markets CBS Marketwatch reports on a recently circulated research paper by Ronald Kahn at Barclay’s Capital that makes a very good analogy between investing and baseball: The New York Yankees and Florida Marlins may match swings on the field, but given what they spent on player salaries to get to the World […]

Snow Learns His Lesson… Sort Of US Treasury Secretary John Snow, when asked today about future interest rates, gave the right answer this time. Contradicting evidence from earlier this week (described in my earlier post), Snow replied “I don’t really comment on interest rates. Interest rates are a matter for the Fed.” Well done. He […]

A Telling Slip of the Tongue? Something that Bush said during a press conference with the President of Indonesia today struck me as a bit odd. I just went and checked the transcript, and discovered what it was about Bush’s phrasing that seemed slightly unsavory to me: Bush: Americans hold a deep respect for the […]

Politicians Making Ethics Decisions Can someone explain to me why some politicians feel that it’s their place to make the decision in cases like this? TALLAHASSEE, Fla., Oct. 21 — Six days after the feeding tube of a brain-damaged woman was removed in a case that pitted her husband against her parents, Gov. Jeb Bush […]

Reproductive Freedom A “partial-birth” abortion ban, without exceptions for the health (there’s an exception for the “life” of the mother, but an amendment to add “health” failed to pass), passed 64-34. I put “partial-birth” in quotes because what was really banned was a specific dilation and evacuation procedure that is similar to one used in […]

Is the Democratic Party in Decline? Here’s what Fred Barnes has to say about the subject in this week’s Weekly Standard: AFTER THE 1972 AND 1980 ELECTIONS, Republicans said political realignment across the country would soon make them the dominant party. It didn’t happen. Now, despite highly favorable signs in the 2002 midterm elections and […]

White Collar Flight… to India Today’s Guardian contains a provocative commentary by George Monbiot on a theme that we’ve touched on before here. The piece begins: If you live in a rich nation in the English-speaking world, and most of your work involves a computer or a telephone, don’t expect to have a job in […]

In Fairness to the TSA… …I probably would let this guy through with minimal screening, too. A bit of advice to Tucker Carlson: you may want to start arriving at the airport a bit earlier. AB