Word: inflationitis
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As Senate leaders prepare to unveil specific health-care proposals in the next week, it's clear that a public plan could mean many things. But given the levels of Republican and even some moderate Democratic opposition - and the sizable wiggle room the Administration has left itself in order to...
In the four years that followed, many Iranians bitterly regretted their decision not to vote. I was living in Beirut in 2005, and failed to cast my ballot at the Iranian embassy there. When I moved to Iran later that year and began to suffer the slowly emerging consequences of...
I spent nearly three weeks in Iran over the winter, talking to clerics, students, street laborers and professionals. People's anger and despair over Ahmadinejad's mismanagement of the economy pulsed throughout Tehran. People were not just discontent; they were punching-the-wall furious. Dismissing opposition to Ahmadinejad as a...
Ha! you say. Have you checked your 401(k) balance lately? Since the beginning of this decade, the stock market has been a money pit. At the market's nadir in early March, stock investors had lost more than 50% since March 2000, if you factored in inflation. Things have...
In 1924, Smith published the results as a book called Common Stocks as Long Term Investments. It was a sensation. Smith--a businessman of no great distinction up to that point--launched a mutual-fund company on the strength of his sudden fame and got an invite from John Maynard...