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July 20,
2006
Vol. 2, No. 11
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Also in this issue:
Cab venture
faces tough road
Fed judge rejects
attack on Wal-Mart
Medicaid decision means
fewer NevadaCare jobs
Tearing up the
Jack Welch playbook
Great public
schools
do it differently
The big surprise
is Enterprise
Commentary:
Senate
sides with
importers of counterfeit drugs
Fleckenstein on the Fed
Arithmetic
of pain
The welfare
state's
attack on the family |
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Facilitators
Senate
sides with importers of counterfeit drugs
Editorial
Washington
Times
On March 29, the
federal Joint Terrorism Task Force unsealed an indictment charging
19 persons with operating a global crime and terrorism ring
spanning Lebanon, Canada, China, Brazil, Paraguay and the United
States. The ring sold counterfeit drugs and other contraband
materials, largely through direct consumer shipment from Canada,
to Americans seeking cheaper drugs. It, in turn, directed its
profits to support of the criminal terrorist group Hezbollah.
[continued]

Commentary by
Bill Fleckenstein
JULY 10:
Why the Fed is done
Let's talk about the
Fed, shall we? Since, for the moment, what it may or may not do
next drives so many markets, I'd like to share my expectations
about the Fed's future activity.
[continued]
JULY 17:
The bear market
is back
As the earnings
blizzard begins to blanket Wall Street, one thing is clear: The
results have not been too impressive.
[continued]
Terrorism
Arithmetic
of pain
By Alan M.
Dershowitz
Wall Street Journal
There is no
democracy in the
world that should tolerate missiles being fired at its cities
without taking every reasonable step to stop the attacks. The big
question raised by Israel's military actions in Lebanon is what is
"reasonable." The answer, according to the laws of war, is that it
is reasonable to attack military targets, so long as every effort
is made to reduce civilian casualties. If the objectives cannot be
achieved without some civilian casualties, these must be
"proportional" to the civilian casualties that would be prevented
by the military action.
[continued]
This article will be available to non-subscribers of the Online
Journal for up to seven days after it is e-mailed.
'Caring'
The welfare
state's attack
on the family
By Vedran Vuk
Ludwig von
Mises Institute
Most people
listening to libertarian ideas are thrown off by the thought that
private charity, in absence of government programs, will handle
problems involving truly helpless people. Charitable organizations
are active but no one knows for sure how much donations would
increase in a tax-free society.
[continued]
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Ideology
Nevada’s hidden
accountability wars
Disdain for parents’ goals for
their
kids is built into the public education establishment. But most politicians
never get it.
By Steven Miller
BusinessNevada
Senator Bill Raggio had his
doubts.
Minutes of
the 2005 Legislature’s hearings make that clear.
But Gov.
Kenny Guinn was eager to try something “new” with Nevada’s huge number of
at-risk public schools, and he’d announced the idea in his State of the
State message.
An
unprecedented $100 million, said Guinn, should be given out to failing
Nevada schools during the coming biennium — the money should be
“fast-tracked,” and distributed as quickly as possible. Moreover, said the
governor, the grants should be made and overseen, not by lawmakers, nor by
the state Department of Education, but by his own, hand-picked appointees.
Raggio’s
skepticism about the Guinn approach revealed itself in multiple ways.
[continued]
Authoritarianism
Cab venture
faces tough road
By Richard Velotta
InBusiness Las Vegas
A partnership
between three managers of two existing taxicab companies has proposed
forming a new cab operation in Clark County.
The request
by Ray Chenoweth and Jaime Pino of Nellis Cab Co. and George Balaban of
Desert Cab Co. to form City Cab is expected to meet heavy opposition, even
as residents clamor for more taxi service, particularly in the residential
areas outside of the tourist corridors.
[continued]
Extortion
Fed judge rejects
attack on Wal-Mart
By Kris Hudson
Wall Street Journal
A federal judge in
Baltimore struck down a Maryland law aimed at forcing large employers,
namely Wal-Mart Stores Inc., to spend more on health-care coverage for their
employees.
Maryland's Fair Share Health
Care Fund Act, enacted in January, was the catalyst for more than 30 similar
bills pushed in other states this year by the AFL-CIO and other groups.
[continued]
This
article will be available to non-subscribers of the Online Journal for up to
seven days after it is e-mailed.
Government contracts
Medicaid
decision means
NevadaCare will cut jobs
By Cristina Rodriguez
InBusiness Las Vegas
Nevada's largest health
insurance carrier and a newcomer have entered negotiations for the state's
$500 million Medicaid contract, and a family-owned company that likely lost
the contract expects to drop 175 jobs.
[continued]
Strategies
Tearing up
the
Jack Welch playbook
The Six Sigma master was once the undisputed authority in
management. But evidence suggests smart CEOs are now following a different
set of rules.
By Betsy
Morris
Fortune Magazine
NEW YORK - Once upon a time,
there was a route to success that corporate America agreed on. But in
today's fast-changing landscape, that old formula is getting tired.
[continued]
Public ed
Great schools
do it differently
Out-performing schools’
secrets
distilled by important new study
By Debra
Viadero
Education Week
A national nonprofit
group has released a report that distills the "best practices" used by
elementary and secondary schools in 20 states that have proven track records
of success.
Researchers at the National
Center for Educational Accountability at the University of Texas in Austin
based their findings on studies over the last six years of more than 250
schools across the country. The researchers singled out 140 schools that
consistently outperformed demographically similar schools for at least three
consecutive years and across several grades, on state exams.
[continued]
Excellence
The big surprise
is Enterprise
Quietly beating out Hertz
and Avis, this privately held outfit is the No.1 car-rental company in
America.
By Carol
J. Loomis
Fortune Magazine
There are a couple of things
you might not know about Enterprise Rent-A-Car of St. Louis. One is on the
order of business trivia: The privately held company hires more college
grads than any other American corporation (and promptly puts them to work
washing cars). The second one is a bit more significant: Though the fact
amazes many businesspeople, Enterprise is by far the largest and most
prosperous rental-car company in the U.S. For its fiscal year ending July
31, Enterprise will have about $9 billion in revenues, against the $7.5
billion that the runner-up, Hertz, recorded in calendar 2005.
[continued]
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