April 3, 2010 |
There are many good reasons for average Americans to stay out of the stock market. There also is one really bad reason, and unfortunately it's one I hear too often from individual investors. "They're crooks. It's all a scam. The little guy will just get fleeced. There's no hope." This is a case of misdirected anger, or at least misdirected angst. In the aftermath of the economic and market cataclysms we've just endured, some people see stocks and the system that sells them -- Wall Street -- as some unholy alliance.
November 9, 2009 |
The global celebrations marking the 20th anniversary of the fall of the Berlin Wall aren't entirely about commemorating the rebirth of freedom or reliving those thrilling moments when a perverse and repressive system collapsed. Listen closely to the exalted commentary recounting the events of those historic days and you're also likely to hear the subtle intonations of regret and nostalgia. I'm not speaking of ostalgie -- nostalgia for the Old East ( ost in German) -- that is still felt by a large number of residents of the former East Germany and other Eastern bloc nations.
January 4, 2008
Re "A promise of unpredictability," Opinion, Jan. 2 Joseph Ellis offers Ronald Reagan as an example of a president reversing a position he took during a campaign, stating that Reagan called the Soviet Union an "evil empire" and then negotiated an arms agreement with it. However, Reagan's "evil empire" speech was given in 1983 and can hardly be considered a campaign position. In his 1980 campaign, Reagan promised to increase military expenditures, end the grain embargo against the Soviet Union and enact tax reductions.
May 28, 2007 |
THERE IS NO such thing as the future. There are only futures, plural. Historians are supposed to confine themselves to the study of the past, but by drawing analogies between yesterday and today, they can sometimes suggest plausible tomorrows. Seven years ago, the economist Brigitte Granville and I published an article in the Journal of Economic History titled "Weimar on the Volga," in which we argued that the experience of 1990s Russia bore many resemblances to the experience of 1920s Germany.
October 31, 2004 |
So what if there was a lunar eclipse. And so what if Johnny Damon, looking as if he just walked off the set of "The Passion of the Christ," sent the fourth pitch of the night rocketing through the dark blue sky and out of the park as an omen of things to come. And so what if they came back from where no other team had ever come back before, against the "Evil Empire" no less, and they scored so often with two outs in an inning against the mighty Cardinals that it seemed as if the word "clutch" was invented for such an occasion.
June 11, 2004
Re "Ashcroft Grilled Over Memos About Torture," June 9: The key revelation by the Senate committee investigating the prisoner abuse atrocities in Iraq, Afghanistan and Cuba is that Atty. Gen. John Ashcroft is in contempt of Congress. But will the committee formally charge him? He is committing a crime against our Constitution and getting away with it. Will those in Congress stand up and be counted on this issue or will they just go along, as they usually do, and do nothing about it?