James K. Glassman: May 2004 Archives
Boom Time
Baby boomers, as all of us born between 1946 and 1964 know very well, constitute the most important generation of the most important country on the most important planet in the most important universe in all of history. Call...
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Dishing It Out, But Not Taking It
When it comes to criticism, Morgan Spurlock, director of "Super Size Me," can dish it out, but he sure can't take it. Ask him a tough question, and he turns to blubber. Suddenly, journalists are beginning to catch on...
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Thank Poor Al Gore
Poor Al Gore. First he blows an election, failing to carry his home state. Then he backs Howard Dean. Next, he goes to New York to promote the Kyoto global warming treaty, and it turns out to be the...
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If You Know Nothing, You Can Still Know Something Important
The stock market has been suffering, like the rest of us, from the terrible news out of Iraq, but it's also suffering from the good news out of the U.S. economy. This may be puzzling, but your mission as...
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Fund Follies
Investors punished mutual funds in the 2003 late-trading and market-timing scandals the old-fashioned way -- by withdrawing their money and going somewhere else. For instance, shareholders last year pulled $29 billion out of the funds of Putnam Investment Manageme
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"A Travesty of a Mockery of a Sham"
Explaining U.S. policies and actions to the world -- and fighting the lies being told about us -- has never been more important. But never have we botched the job so badly. This job -- promoting the national interest...
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The Real Obstacles
Editor's note: What follows are remarks delivered by James K. Glassman at a recent conference at the American Enterprise Institute. Welcome to the American Enterprise and our conference on "The Real Obstacles to Treating AIDS, Malaria and Tuberculosis in...
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The Sage of Santa Fe
Five or six years ago, a friend I have known since high school -- let's call him R. -- rhapsodized about a money manager who lived in, of all places, Santa Fe, N.M. "Find Garrett Thornburg," said R. "This...
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It's Still the Economy, But Are Voters Stupid?
It's been a miserable month in Iraq, but a wonderful month for the American economy. "The April employment report confirms unambiguously that the labor market is back," said Economy.com, the respected website, on Thursday. Some 288,000 net new jobs...
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Whine, the Beloved Country!
George (Jack Nicholson): You know, this used to be a helluva good country. I can't understand what's gone wrong with it. Billy (Dennis Hopper): Man, everybody got chicken. That's what happened, man. -- (from the film "Easy Rider," 1969)...
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REIT On
Rising interest rates have meant falling stock prices for real estate investment trusts, or REITs (pronounced "reetz"), which are companies that own portfolios of property or, in a few cases, mortgages. In fact, REITs have gotten clobbered. Between April...
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Revolutionaries Join Europe
BRUSSELS - "If Mr. Glassman hates Europe so much," said the head of the Belgian farmers' union, "then why doesn't he leave?" Touchy! Actually, I love Europe - the vistas, the culture, the food, the history, even the people....
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A Big Con Man
Two weeks ago, I flew to a film festival in Austin, Texas, to watch what could be one of America's hottest movies this spring: an engaging documentary called "Super Size Me," which shows what happens when you stuff yourself...
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