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Fortunately, new leadership is on the way. Soon, perhaps, investors and shareholders will be allowed to make their own decisions.
With the president's vision of an Ownership Society, it would be ironic if the SECnow extends regulation to NASDAQ--a market that is functioning well withoutSEC intervention.
William Donaldson's trade-through proposal would be almost certain to stifle the type of market innovation and progress so necessary to keep American markets fair, efficient, and competitive.
At the recent GOP debate in Iowa, Gingrich defended his pro-life record, declaring, “I believe that life begins at conception” and stating that embryos at fertility clinics “should be considered life because by definition they’ve been conceived. I am against any kind of experimentation on embryos. And I think my position on life has been very clear and very consistent.” No, it hasn't.
A truly weird drama plays out this week in an unlikely Washington theater: the Securities and Exchange Commission.
William Donaldson has sided with the Democratic members of the SEC in a series of important split-vote decisions in favor of investment industry regulation of highly dubious merit.
In 1964, Ronald Reagan famously said, "You and I have a rendezvous with destiny. We will preserve for our children this, the last best hope of man on Earth, or we will sentence them to take the last step into a thousand years of darkness." This speech instantly turned Reagan...
At the Securities and Exchange Commission, the coalition of Democrats-plus-SEC chairman William Donaldson is pushing measures that threaten the nation's economic health.




