Новости за 08.12.2011

“YOU'RE right, we did it,” Ben Bernanke told Milton Friedman in a speech celebrating the Nobel laureate's 90th birthday in 2002. He was referring to Mr Friedman's conclusion that central bankers were responsible for much of the suffering in the Depression. “But thanks to you,” the future chairman of the Federal Reserve continued, “we won't do it again.” Nine years later Mr Bernanke's peers are congratulating themselves for delivering on that promise. “We prevented a Great Depression,” the Bank of England's governor... Читать дальше...

The pop opera singer performed 'The First Noel' from her latest album 'Heavenly Christmas' at the Wall Street Journal.

Nat Hentoff

I remember when the civil-rights movement was cresting in the late 1950s — not only in the South — sitting at jazz concerts and other public events, linking hands with blacks and whites in the same row, some of whom I didn't know, as we were singing "We Shall Overcome."

We haven't overcome. I was a friend of Dr. Kenneth Clark, a psychologist and professor whose research contributed significantly to the Supreme Court's unanimous 1954 Brown v. Board of Education... Читать дальше...

Jim Powell

President Obama is a smart man who believes great wealth is a social problem, and ordinary people would be better off if wealth were substantially taxed away. Recently he drew inspiration from Theodore Roosevelt, another smart man who had a similar view, completely misinterpreted what was happening in the economy, and actively disrupted it.

Theodore Roosevelt was the man who, in 1906, encouraged progressives to promote a federal income tax after it was struck... Читать дальше...

Neal McCluskey

Want to do exactly the wrong things to fix US higher education? You can't do much better than the recent offerings from Education Secretary Arne Duncan. To a system blackout-drunk on taxpayer money, the Obama administration would deliver even more booze while only whispering about tough love.

Speaking at a Nov. 29 Las Vegas gathering of financial-aid administrators, Duncan addressed exploding college costs, a problem highlighted by Occupy Wall Street protesters angry over rising student debt. Читать дальше...

The husband of a woman who went missing on Okinawa said Thursday she might have committed suicide, according to an interview he gave to CNN.