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The biggest anti-trust suit since the Microsoft case is set to open in a federal court next month. The particular complaint is against American Airlines. Three of its smaller competitors — Vanguard, Sun Jet and Western Pacific — are accusing the huge airline of conducting a ruthless campaign to oust them from the Dallas-Fort Worth […]

Depending on what terrorists do next, America could be on the verge of a public health catastrophe. The administration is moving belatedly to develop stocks of antibiotics to treat anthrax. The government is also looking to procure 300 million doses of smallpox vaccine to inoculate a new generation against a weaponized disease that was wiped […]

Web-savvy readers know that one can buy almost anything on the web these days, but one recent auction on the Internet site eBay marked a new low. The item in question was a set of “controversial” domain names, most of them related to the Ku Klux Klan. For a minimum bid of $500,000, would-be buyers […]

Every year around this time millions of the working poor send their tax forms to the Internal Revenue Service, applying for an end-of-the-year bonus known as the earned income tax credit (EITC). For people struggling to support their families on salaries that typically hover around the poverty line, the couple thousand dollars they might receive […]

If you are like millions of Americans who vacationed this summer, you paid top dollar for airline tickets, had little choice of airline, and were rewarded by long delays. But then, when you landed, you became a sovereign consumer again. You had your choice of car rental companies, hotels, and restaurants. You could shop around […]

America Online and Time Warner have announced that AOL will buy Time Warner to form a mega Internet/ cable/ publishing/ moviemaking/ television/ music empire. The merger is the biggest in history. The American Prospect Online has asked several distinguished experts to answer the question: “Is the AOL-Time Warner merger safe for democracy?” Joseph Turow: The […]

The Wall Street Journal As America mobilizes for war, Washington must think more clearly about what it wants from American industry. K Street is ablaze with proposed subsidies, loan guarantees, tax breaks, and regulatory relief for industries termed “vital” to the anti-terrorist effort. In war-fevered Washington, politicians of all stripes may be too eager to […]

In the status hierarchy of my profession, the Wall Street economist holds a strangely prominent role. Typically, though not always, he lacks academic standing, analytical achievement, or significant publication. Research is foreign to him; independent thought unknown. His job is mainly to get his name into the papers. At this he works exceptionally hard. And […]

The record economic boom is near a tipping point. Although no seriousinflation is being generated by the sizzling economy, increases in oil prices show up in the general price index. They also worsen America’s balance of trade. Meanwhile, the weakness of the euro is depressing profits that Americancompanies earn abroad. On all these counts, the […]