Chronicles Magazine April 2009

Regulation for Financial Sanity

The Federal Deposit Insurance Corporation (FDIC) just reported that U.S. banks lost money at a $100 billion annualized rate during the fourth quarter of 2008. Sounds grim, but it only describes the visible part of the iceberg our financial...

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  • VIEWS

    “It Takes Brass To Get Gold”

    Thomas Jefferson has left us an account of a supper-table conversation in the very earliest days of the U.S. government. Vice President John Adams (who was intended by nature for a preacher) declaimed at length about the virtues of the British...

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  • VIEWS

    Ask an Entrepreneur

    Want to learn how the economy really works? Don’t go into academia. Get a job. I spent six years of school filling my head with fancy theories and complicated mathematics, practiced under assumptions that often don’t work in the real world. I...

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  • REVIEWS

    The Way of the World

    In his essay on “self-reliance,” Emerson wrote that “travelling is a fool’s paradise.” He was referring to those who travel to escape the boredom or sadness of their lives, and who hope to return home somehow transformed.

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  • REVIEWS

    Scholarly Pornography

    In January 2005, one of the premier scholarly publishers in the English language, Princeton University Press, published an 80-page pamphlet in book form called On Bullsh-t, by a well-respected philosopher, Harry G. Frankfurt, who had...

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  • REVIEWS

    St. Elmo’s Pay

    When news of Lepanto arrived in Rome, the Pope exclaimed, “Now Lord, you can take your servant, for my eyes have seen your salvation.” The battle’s outcome gratified the pontiff, but it may not have surprised him.

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  • The Rockford Files

    Meet Rod Blago

    As the former governor of Illinois crisscrossed the country on his farewell tour, I kept imagining him lying back in his seat, scalp being massaged by his personal hairstylist (it takes work to keep that Serbian gangster hairdo in pristine...

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  • European Diary

    The Ulema and I

    On the flight to Bombay—which a British single mother with an addiction to horse tranquilizers, or a benefits administrator dispensing them, would call Mumbai—I came across a Times of India news report entitled “6,000 Ulema back fatwa on Terror.”

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  • VITAL SIGNS

    ANARCHOTYRANNY

    Over the course of its 11 years at the helm of the United Kingdom, the Labour Party has acquired a reputation for authoritarianism. However, even its harshest critics would have doubted the evidence of their senses when awaking one morning to...

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  • IN THE DARK

    The Naked Truth

    In 2005, Miss Kate Winslet (Mrs. Sam Mendes) appeared on Ricky Gervais’s Extras as a comedic version of herself, sporting a 1942 nun’s habit on a film set. She was supposed to be playing a nun who had taken up the cause of saving Jews...

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  • Polemics & Exchanges

    On Lincoln Herds

    Abraham Lincoln is thrashed in a series of articles in the February issue of Chronicles (“The Legacy of Lincoln”) as a man of low morality and character who took his actions for the worst of reasons.

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