At 6:40 in the morning Chicago time, I was sleeping when my clock radio went off with WBBM news 780. As usual, I slept through it for a few minutes, perhaps hitting the snooze bar a few times. Suddenly I had a dream that I was in New York, listening to News Radio 88 in the city. Intellectually, I knew I was not in New York, so I forced myself to wakefulness to understand what was going on.More...
September 11, 2001, a date that will live in infamy. In an unprovoked assault, the cowardly forces of darkness precipitated upon this nation an act so heinous it defies description by mere words. They did not come onto the battlefield, openly opposing this nation with honor. They did not face our soldiers. They attacked the innocent, robbing children of their mothers and fathers.More...
Our own wonderful transportation technology was used as an instrument of mass murder on Tuesday. It is possible to use technology to prevent this from happening. It is possible with today's technology to say never again.More...
In the aftermath of an event that can not be described with words, our thoughts turn toward what will happen when the equities markets actually open. It is estimated that $250 million worth of high technology gear will need to be replaced by the firms assaulted on Tuesday. Software and hardware vendors report a surge in orders for disaster recovery equipment. Those who predict recession will eventually be proven wrong.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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