James K. Glassman: April 2003 Archives
Business Press Mess
"Have They No Shame?" screamed the headline of the cover story of one of the magazines, adorned with a picture of five ravenous pigs eating cake amid piles of money. The subhead: "Their performance stank last year, yet most CEOs...
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It's a Gas
Although he's in Houston and I'm in Washington without one of those phone cams that the Iraq war made famous, I can see Marshall Adkins jumping up and down with enthusiasm. "Rigs are going to go berserk for the next...
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Risk and Animal Spirits
Editor's note: The following is a speech TCS host James K. Glassman delivered last week in New Orleans. Perhaps it's too early in the morning to intone dramatic, principled phrases, but let me start with one anyway: we are, says...
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Down In Front
The SEC is investigating possible abuses by the "specialist" firms that match buyers and sellers on the floor of the New York Stock Exchange. The probe comes after revelations that the exchange itself had launched an investigation last year that...
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Shareholder Values
As the season for annual meetings begins, activists are presenting shareholders with resolutions seeking social change and better corporate governance. A few of the proposals have merit; most are obnoxious but harmless. And nearly all will be rejected - mainly...
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Victory Not Enough
Three months ago, President Bush proposed reviving the economy with a package that would cut the tax bills of 92 million Americans. The president has had other things on his mind since then, and the opposition of only a few...
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Sins of Omission
I was shocked and disgusted by an op-ed piece I read today in the New York Times. No, it wasn't by Paul Krugman. It was far more serious: Eason Jordan, chief news executive at CNN, revealing what the headline...
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Time for Apologies
Visitors to the website of International ANSWER, the front organization for the pro-communist Workers World Party, are exhorted to "Stop the War on Iraq" at marches in Washington and San Francisco on April 12. That's this Saturday. Actually, the...
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Fund - amentals
Mutual funds, which were invented roughly 80 years ago and have boomed in the past decade, are a triumph of financial democracy. They give small investors access to the sort of money managers who once worked exclusively for the wealthy....
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Rules to Live By
Enron, Tyco, WorldCom, now HealthSouth. Will the scandals ever end? Frankly, no. There are more than 6,000 companies listed on the Nasdaq and New York Stock Exchange alone, and a few always will be led by unscrupulous managers who lie,...
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Monopolists' Playpen
Editor's note: The following is testimony from TCS Host James K. Glassman at the Roundtable Forum on "The Impact of Competition on the Telecommunications Industry", Wayne State University, Detroit, Michigan, April 4, 2003. Mr. Chairman, Mr. Conyers and distinguishe
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Unilateral and Right
When the war in Iraq ends, a renewed clamor for the United States to back harsh restrictions on carbon-dioxide emissions will begin. The reasons are obvious. Environmentalists, politicians and editorialists in the U.S. will complain that, if only the Bush...
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