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Ethics

About Those Bone Spurs…

Steve Eder asks Did a Queens Podiatrist Help Donald Trump Avoid Vietnam?: In the fall of 1968, Donald J. Trump received a timely diagnosis of bone spurs in his heels that led to his medical exemption from the military during Vietnam. For 50 years, the details of how the exemption came about, and who made the…

Another ‘Advisory Council’ Isn’t What Whitewater Needs

Whitewater has a same-ten-people problem, derived from a few people living behind (metaphorically) a narrow and high perimeter fence, with those few often producing mediocre work, while the city’s economy stagnates. And yet, and yet – one reads that even during the third investigation for sexual harassment & assault concerning the relative she appointed, supervised,…

The Theory of Moral Sentiments and the Morality of Markets

In Five myths about capitalism, Steven Pearlstein describes the primary myth as a misunderstanding about motivations of those choosing freely in the marketplace (broadly understood, these choices are about not only capital, but also labor or goods): Myth No. 1: Greed, a natural human instinct, makes markets work. Adam Smith, the father of economics, first pointed out in his…

Why, Yes, It Was

Cecilia Kang reports AT&T Chief Says Hiring Michael Cohen Was a ‘Big Mistake’: WASHINGTON — Randall L. Stephenson, AT&T’s chief executive, said on Friday that the company had made a “big mistake” by hiring President Trump’s personal lawyer, Michael D. Cohen, to advise on the telecommunications giant’s deal to buy Time Warner. “Our company has been…

The Price of Trumpism is Ruin

Craig Gilbert looks at the careers of Priebus, Ryan, and Walker: They led the “Cheesehead Revolution,” the GOP’s audacious conquest of Wisconsin. They offered a model for bridging Republican frictions between establishment and base. They became national figures. They ran into Donald Trump. They suffered. They bent to his rise. Now one (Priebus) has left…

Ackman’s Right About Herbalife

Bill Ackman, CEO of Pershing Square Capital, has waged a long campaign against Herbalife (in which he has a publicly-disclosed short position, that is, a bet against Herbalife’s future). Ackman’s a capitalist, activist, and philanthropist. (His politics are not mine – he recently urged Michael Bloomberg to run for president; Bloomberg is no libertarian.) In…