Posted inMoney, Politics, and Power

America’s Parliamentary Election

The 2000 presidential election, we’ve all heard, is “front loaded” because early primaries are likely to decide the nominations, and candidates consequently have had to accumulate money and support long in advance. But this past year, the race became front loaded in another way- many people were already bored when it had scarcely begun. Very […]

Posted inMoney, Politics, and Power

Reform Party Follies

In the summer of 1998, Jesse Ventura, who was running for governor of Minnesota on the Reform Party ticket, wanted to obtain a loan from the party’s national headquarters to pay for political advertising, but he couldn’t get the national organization on the phone. National Chairman Russell Verney later explained to the Minneapolis Star-Tribune, “The […]

Posted inMoney, Politics, and Power

How Low Can You Go?

THE UPSIDE OF UNEMPLOYMENT Our last issue described PaineWebber’s “happiness index” for bonds, which goes up when unemployment increases. But unemployment, we’ve now learned, can prolong your life too. Our impeccable source is a new study from the National Bureau of Economic Research: “Are Recessions Good for Your Health?” by Christopher Rohm (NBER Working Paper […]

Posted inMoney, Politics, and Power

K Street Gore

One important way to judge what a presidential candidate might do if elected is to look at his record while in office-his publicly announced positions and his skill in commanding loyalty, wielding authority, and winning public support. But it is also important to look at the networks of campaign contributors, lobbyists, political organizations, and policy […]

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