It’s nice of American Heritage, but I’d say they got it wrong . “Conduct” denotes morality/ethics, and a judgment of one’s actions, and not the value-free fact of action itself. Tsk, tsk
The Great Anti-Trust build-up against Wal-Mart is likely in the works. Unless, of course, the Feds can come up with a something else that can prove to be more devastating. So now, the Feds want to nab Wal-Mart for spending its money the way it wishes to spend it? If, indeed, monies were misspent, then it’s a private matter between employee and
From Jason Hollon comes an interesting quote on Sarbanes-Oxley that made it to the mainstream Business Week (pay only): (BusinessWeek, January 23, 2006). Maria Bartiromo interviewing Steve Schwarzman of Blackstone Group: Q: The buyout boom in the ‘80s was fueled by opportunistic buyers of broken companies. But today corporations are lean and flush
Because it tells a story . Today, the yield curve inverted. Long-term maturities are now paying a lower interest rate than short-term maturities. In a quote from the USA Today article, the last sentence, er, stands out: Other economists say the curve has lost its significance because special factors, such as the government shifting issuance to
Jim Cook has an outstanding column that posted today , wherein he notes Mises and Drucker: Financing Excess A lot has been written recently about the late Peter Drucker, who passed away in November. For many years Mr. Drucker was the preeminent authority on business management. He wrote 35 books, including his groundbreaking Practice of
Its balance sheet, for starters. Toyota is catching up to General Motors in terms of sheer size, but has passed up the Detroit behemoth in many respects. The proof of looming disaster is in the balance sheet. Here is GM’s balance sheet , full of bullet holes. Here is Toyota’s balance sheet , which is bulletproof. Focus on a few items, like
GM spokesman Jerry Dubrowski said speculation of a GM bankruptcy is inappropriate and doesn’t reflect the predominant view on Wall Street. “We have no plans to declare bankruptcy, and we don’t think it’s appropriate to continue to comment on what I would term sensational speculation by some observers,” he said. GM has reported four consecutive
The housing market is a total debacle right now. People with no-interest or ARM (adjustable rates) loans are falling by the wayside; foreclosures are at an all-time high; new housing starts are sinking, with many new construction projects being abandoned before finishing; houses (new or used) aren’t selling so hot; and market values are plummeting
Thanks to Sarbanes-Oxley, In 2005, 23 of 24 firms that raised over $1 billion in capital didn’t register in U.S. markets, according to the New York Stock Exchange. Of the 129 companies listed with the London Stock Exchange last year, only 6 listed on the NYSE and 14 on Nasdaq. Ninety percent of companies that chose London over New York said Sarbox
“All hail ticket scalpers.” No, that doesn’t come from a libertarian. It comes from a sportswriter . Jim Caple says: Scalpers generally are portrayed as a seedy bunch of grifters only a few steps up the food chain from child pornographers, fantasy football participants and Pete Rose’s circle of friends. I don’t see it that way, though. Rather than
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.