It’s all so funny until it comes true

Today JetBlue said that it will start charging $7 for a pillow and blanket. You get to keep the pillow and blanket, and ostensibly both are clean—marketed, in fact, as “The World’s Cleanest(tm) travel pillow and blanket kit”—but still, this is very sad. Makes me nostalgic for a time I never knew, when air travel [...]

Stuck on the windfall profit tax

Barack Obama has renewed his call for a windfall profits tax on oil companies. A couple of months ago I said I was about to write something about windfall profits taxes. Never did. Why not? Because windfall- profits-tax opinion pieces are hard. Actually, that’s not quite true. They’re pretty easy if you just focus, to [...]

Garrett Van Wagoner finally gives up

A 1999 headline in Money magazine asked: He’s Baaack! Garrett Van Wagoner has been a genius, a dolt and a genius. So which is he? Nine years later, Van Wagoner appears to have finally answered the question. From today’s WSJ: Van Wagoner Emerging Growth has consistently disappointed investors, giving it a dubious distinction as the [...]