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On June 24, the Supreme Court ordered the Seventh Circuit Court of Appeals in Chicago to reconsider the conviction of Conrad Black in light of the high court's rulinig in the “honest services” decision in Skilling v. United States .… Read Article
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Black Gets Bail . Conrad Black has been granted bail. The Seventh Circuit Court of Appeals in Chicago, over the protests of the U.S. government, has granted Conrad Black bail while his appeal is heard by the circuit court, following the Supreme C… Read Article
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BP CEO to Resign.
BP's president and CEO, Tony Hayward, has agreed to resign , probably in the fall, the New York Times is reporting.
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Cara Ellison is one of the very few bloggers who defends fallen businessmen. She is particularly passionate about Enron, where she worked. For my part, I have not yet made up my mind about Enron. I suspect that Andy Fastow and a couple of his pals… Read Article
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March 2004 -- BOOK REVIEW: Joseph E. Stiglitz, The Roaring Nineties: A New History of the World's Most Prosperous Decade. (W.W. Norton & Company, 2003). 361 pp., $24.95.
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July/August 2004 -- Many Americans—and even more Europeans—employ a pre-modern ideal when judging the market economy. According to this ideal, individuals enter occupational niches, perform specified tasks, and receive appropriate mate… Read Article
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Must Reading. Ira Stoll's "Future of Capitalism" blog is always must reading for anyone interested in business rights. So, how to phrase this: MUST READING . Stoll's blog post today is a review of Christine Richard's new book Confi… Read Article
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For three generations now, the rights of businessmen have been trimmed back--by regulation and prosecution--in order to make markets conform to the false ideal of "perfect competition." The great Galleon insider-trading case is but the l… Read Article
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As I no longer subscribe to the New York Times (I'll let Joseph Epstein explain ), I am late in discovering this astonishing essay by Chrystia Freeland, global editor at large for Reuters. According to Freeland's evidence, the allegation is goi… Read Article
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On Monday, a district judge in Los Angeles will be asked to dismiss the S.E.C.’s case against Angelo Mozilo, the former CEO of Countrywide Financial and the eponymous hero of the “Friends of Angelo” program, which provided fav… Read Article
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I might have guessed that the entertainment industry would not allow the leftist policies of its political friends to be exposed as the cause of the financial meltdown. On October 8, just in time for the elections, we are going to get the equivale… Read Article
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Don't miss today's Wall Street Journal Europe profile of the leading Austrian economist Peter J. Boettke : "An Old Economic Theory Finds Converts in a New Age," by Kelly Evans. I had occasion to work with Boettke a couple ye… Read Article
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September/October 2002 -- BOOK REVIEW: Heaven on Earth: The Rise and Fall of Socialism . By Joshua Muravchik. (San Francisco, Calif.: Encounter Books, 2002. 417 pp. $27.95.)
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The Wall Street Journal editorial page today prints the following quotation from Camille Paglia : “We need a sweeping revalorization of the trades. The pressuring of middle-class young people into officebound, paper-pushing jobs is cruelly … Read Article
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Ted Frank, of the Manhattan Institute’s Point of Law blog, posts a letter about the Toyota affair that he sent to the New York Times but that (naturally) went unpublished.
To the editor:
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capitalism [kap-i-tl-iz-uhm]
An economic and political system characterized by a free market for goods and services and private control of production and consumption.
The American Heritage New Dictionary of Cultural Literacy
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July/August 2008 -- Business columnists for the New York Times have been denouncing the pursuit of riches for at least a generation—the twenty-eight years since Ronald Reagan’s election supposedly ushered in a Decade of Greed. Now, sev… Read Article
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March 2008 -- Recently I was talking to a prominent local businessman about how hectic our respective schedules are. Toward the end of the conversation he said, with an air of frustrated exhaustion, “And on top of my daily business doings, t… Read Article
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Spring 2009 -- Are libertarians blindly faithful? Do they hew to ideology not because of, but despite the facts?
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BOOK REVIEW: Ayn Rand and Business, by Donna Greiner and Theodore Kinni. New York & London: Texere, 2001. 209 pages. $22.95.
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