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Lifting Our State Above Mississippi and Alabama
California is home to both Silicon Valley and Hollywood, two of the world's greatest wealth-producing engines, and much of the state enjoys tremendous affluence. By some estimates, my own town of Palo Alto has the world's highest per capita concentration of billionaires. But California also has pockets of enormous poverty. The U.S. Census recently estimated... Read More
PALO ALTO---Regulators looking at how stock options are accounted for have seen cause for concern. I see opportunity. It's true that when actual expenses don't appear on an operating statement it can make for some rude surprises--as at Enron and elsewhere. But faced with the worrisome risk of our economy falling into a double-dip recession,... Read More
Trade: Information Industries Cannot Match the Export Strength of the Manufacturing Ones That Fueled America's Rise
For anyone who imagines that the new information-based economy is a panacea for America's economic ills, the U.S. trade figures released Sept. 21 are a startling wake-up call. Not only do they show that the United States' chronic trade problems have not gone away, but they raise fundamental questions about the wisdom of America's New... Read More
Housing: With High-Rise Building Limited to Restrict Consumption, Residents Were Crammed in Unsafe Dwellings
The confirmed death toll from the Kobe earthquake, now close to 5,100, is more than 80 times that of the Los Angeles earthquake a year ago. Why did Kobe suffer so badly? Some of the reasons have already been publicized. Kobe took a stronger jolt than Los Angeles. And the Kobe authorities seem to have... Read More
Her ill-conceived plan to boost business is grounded in politics and geared to 'correctness'
Sometimes a single phrase can summarize an entire political philosophy. Early in her campaign for governor, Kathleen Brown announced her support for re-imposing California's asset-forfeiture laws, which involve confiscating the property of individuals who have not been convicted of any crime. Her position paper defended such laws as a "badly needed source of revenue .... Read More
Category Classics
Which superpower is more threatened by its “extractive elites”?
The sources of America’s immigration problems—and a possible solution