The Week

The boycotters struggling to make meats end obviously do not understand that the problem is the falling price of the dollar, not the rising price of meat. Insofar as the boycott is successful, it will discourage beef production and thus increase beef prices two years from now. The ladies would do better boycotting Federal Reserve notes.

The Equity Funding scandal isn’t calculated to inspire confidence in an already squeamish stock market. Here we have a huge financial conglomerate, in the tightly regulated insurance industry, which has been accused of selling thousands of bogus insurance policies to re-insurers, many of them large and prestigious companies. Prominent sources of investment advice had recently written that Equity Funding’s stock had “aboveaverage appreciation potential” (Standard & Poor’s), was “considerably undervalued” (Hayden Stone), and that “Equity has assembled one of the best growth records of any insurance company in the country” (Oppenheimer). Since the Wall Street experts, the Securities and Exchange Commission, and the state insurance inspectors didn’t notice any irregularities, could they spot a herd of charging elephants on a field of snow?

Featured Tags

The boycotters struggling to make meats end obviously do not understand that the problem is the falling price of the dollar, not the rising price of meat. Insofar as the boycott is successful, it will discourage beef production and thus increase beef prices two years from now. The ladies would do better boycotting Federal Reserve notes.

The Equity Funding scandal isn’t calculated to inspire confidence in an already squeamish stock market. Here we have a huge financial conglomerate, in the tightly regulated insurance industry, which has been accused of selling thousands of bogus insurance policies to re-insurers, many of them large and prestigious companies. Prominent sources of investment advice had recently written that Equity Funding’s stock had “aboveaverage appreciation potential” (Standard & Poor’s), was “considerably undervalued” (Hayden Stone), and that “Equity has assembled one of the best growth records of any insurance company in the country” (Oppenheimer). Since the Wall Street experts, the Securities and Exchange Commission, and the state insurance inspectors didn’t notice any irregularities, could they spot a herd of charging elephants on a field of snow?