Pharmaceutical companies live on patent protection. They make their profits in the few years they enjoy a monopoly on the drugs they have discovered. They fight fiercely to protect their turf, and give generously to politicians to make sure they protect that turf too.
Because misery loves company, (BEG ITAL)Schadenfreude(END ITAL) is fun, and nervous Americans need some economic perspective, consider the world's second largest economy, Japan's. America's stock markets--which are not the same thing as America's economy--have entered a second troubled year.
The last time so many people were as bedeviled as the people of California are today by electrical blackouts was back in 1979, when motorists in cities across the country were lined up for hours at filling stations, waiting to get gas.
As Bill Clinton's richly deserved place in Bartlett's is being prepared in all its didn't-inhale, is-is and didn't-do-that-woman-Miss-Lewinsky glory, perhaps the quote-keepers ought to be considering a page or two for another major American public figure.
For the last two months we've been treated to a steady stream of awards shows, Golden Globes, People's Choice, the Foreign Critics Who Hate America but Love to Live Here Honors, etc.
We have come to the two-month marker on this presidential run. Time to stop and get some water and check the heart rate....
In a little-known section of the campaign finance laws, oil companies are completely exempted from spending restrictions. They alone can donate as much money as they see fit, directly to candidates, in thinly disguised "issue advertising," or coordinated expenditures.
Despite media proclamations of "the public's right to know" and frequent invocations of the First Amendment, there has been a deafening silence from the national media over the storm trooper tactics used on college campuses against student newspapers.
In response to claims that police officers use race as a motivating factor in determining which motorists to pull over, President Bush recently instructed the federal government to begin compiling racial statistics on routine traffic stops across the country.
Last year, President Clinton signed legislation that orders states to change their statutes so that .08 is the blood/alcohol concentration (BAC) for arrest for drunk-driving. The BAC edict came as a part of the new Federal Transportation Appropriations Bill.
One of the biggest political clichés, popularized by Ronald Reagan no less, is the old joke about how an optimist is someone who, when he finds a pile of manure under the Christmas tree, exclaims, "I'm getting a pony!"
Politics can be very frustrating sometimes. Everyone understands that we need substantial tax cuts as part of the policy mix to boost the ailing economy. Unfortunately, Congressional Democrats are too busy playing politics to join President Bush in passing remedial legislation.
While the Bush Administration's pending decisions about missile defense and the size and costs of its effort to rebuild the U.S. military have been the focus of considerable attention and debate, a no-less-epochal review is underway -- one that has, to date, received little public consideration.
There is no question that the falling stock market is both an indicator of a weakening economy and a cause of it. Although the principal cause is an excessively tight monetary policy, there are also many laws, regulations and other government policies helping to push the market down.
McCainism, the McCarthyism of today's ``progressives,'' involves, as McCarthyism did, the reckless hurling of imprecise accusations. Then the accusation was ``communism!'' Today it is ``corruption!'' Pandemic corruption of ``everybody'' by ``the system'' supposedly justifies campaign finance reforms.
Sen. Tom Daschle and Congressman Richard Gephardt are placing partisanship above the national interest when they make the bizarre claim that President George W. Bush has talked the economy into a slowdown and perhaps a recession by telling the truth about its condition.
They don't call it March Madness for nothing. Not being a basketball fan, however, I've never personally participated in this rite of spring, that is until I decided to bring my youngest son cross-country with me on a business trip so that we could share some quality time together.
For the first time since he began compiling the "Index of Leading Cultural Indicators," William Bennett arguably has had more good news to report than bad. But the bad is precisely in the area that can undermine nearly all of the good. So hold the champagne, at least for now.
Here in New York, Cardinal Edward Egan had a little chat with Gov. George Pataki about whether Catholic institutions should be forced to provide contraceptive services and the "morning after" pill for their female employees.
In the wake of the latest round of school shootings, the newest cycle of intolerable intolerance has begun. This time, the victim of irrational reaction is a nine-year-old boy in Bunnell, Fla., who drew the wrong thing at the wrong time.
Lawrence Lindsey, chief architect of the Bush tax plan, has privately--and literally--flashed a thumbs up to an expansion of the president's proposal to encourage investment.
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