Big corporations support gay marriage

Belying the leftist myth that big corporations are conservative,  379 major businesses filed friend-of-the-court briefs supporting gay marriage for when the Supreme Court hears arguments on the issue on April 28. [Read more...]

The higher calling of corporate mission statements

Thanks to David Bergquist for alerting me to an article in the Wall Street Journal about how corporate mission statements are now all about “changing the world” and other idealistic and even religious motivations (including having a “mission”), rather than just making a product.   This demonstrates both people’s need for a sense of vocation and their misunderstanding about what a vocation actually entails.

Read an excerpt and follow the link after the jump, then consider what I have to say about this. [Read more...]

Whatever happened to the working class?

When I was in college, I worked on a construction crew, and it did me a lot of good.  I developed a lot of respect for the guys I worked with, who worked with their backs and their hands with skills that were far beyond me.  Politicians used to talk quite a bit about “the working class,” also known as “blue collar workers.”  But no more.  Even liberal democrats are pushing policies that are supposed to help “the middle class.”

Part of the problem may be that the working class considers itself middle class.  And with good reason:  A factory or construction worker may well own his own home, have a car or two, and have other accoutrements once associated with the middle, college-educated class.  Such are the wonders of the modern economy.  And yet, unemployment, the decline of American industry, stagnant wages, and other economic woes are hitting blue collar workers hard.  But hardly anybody is speaking for them or about them anymore. [Read more...]

The Fallacy of Composition

Bill and Elizabeth Kelly apply an economics principle to President Obama’s plan to give free community college to everyone.  According to the Fallacy of Composition, what is good for one person may not be good if lots of people do it.  In this case, if the supply of community college degrees goes up, their value goes down. [Read more...]

The case for a North American century

Many have been saying that  America is in decline, that our political, cultural, and economic contributions are slipping. China, some say, is the up-and-coming nation.  Others say that the age of the dominant world power is over.

But an op-ed piece by former General David Petraeus and Brookings Institute researcher Michael O’Hanlon say that the United States, in partnership with Canada and Mexico, has economic and demographic advantages over all comers that may make for a “North American Century.” [Read more...]

What caused the housing bubble

The collapse of the housing market a few years ago was caused, reportedly, by predatory lending practices on people who couldn’t really afford to buy a house, coupled with shady investment instruments from the world of high finance.  But a new study is questioning that conventional wisdom.  Most of the people with bad loans turn out to be middle class and high income folks, with very few poor people involved.   The real problem, as Robert Samuelson reports, was unbridled optimism from virtually everyone in the housing industry that home prices would continue to go up forever. [Read more...]


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