Tuesday, 1 Feb 2011 | 10:56 AM ET

Our Stubborn Constitution Versus Obamacare

Posted By: John Carney
Jill Fromer | Photodisc | Getty Images

The reaction to last night’s decision by a federal district court in Florida striking down the Obamacare legislation reveals something surprising: liberals revere the Constitution more than conservatives.

It is often said that conservatives revere the Constitution as if it were a holy writ, infallible and nearly divinely inspired. Conservative rhetoric often supports this interpretation: my old professor Harvey Mansfield used to advocate thinking of the founding fathers as demi-gods.

In reality, however, it’s not the conservatives who revere the Constitutiion—it’s the liberals. They assign it an almost omniscient and omnipotent power: it is always on the side of the right policy. It never goes wrong. When conservatives insist that some policy crafted by liberals is unconstitutional, liberals almost invariably react by saying that conservatives are misreading the Constitution.

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  Tuesday, 1 Feb 2011 | 10:30 AM ET

Expecting The Unexpected When It Comes to Egypt

Posted By: Lori Ann LaRocco

Investors panicking the Egyptian chaos could paralyze the Suez Canal sent oil to 2008 highs Monday. Right now the canal remains open but for how long? Worries over the security of the canal are mounting as the unrest continues.

About 10 percent of the 35,000 plus ships that crossed the Suez in 2009, were oil tankers. With so much uncertainty, what are CEOs in the shipping industry bracing for and how should investors navigate through the rough waters? I sat down with Matt McCleery, President of Marine Money International which provides maritime finance transactional information and maritime company analysis.

McCleery is also managing director of Blue Sea Capital Corp, the financial advisory and consulting arm of Marine Money International and is a non-Executive director of the product tanker and dry cargo companies Omega Navigation and FreeSeas .

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  Tuesday, 1 Feb 2011 | 9:41 AM ET

Protests Affect Egypt's Sovereign Debt Raise Plans

Posted By: Ash Bennington
  Tuesday, 1 Feb 2011 | 9:14 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

It's snowing and gross, but buck up Chuck \(or whatever your name is\)—I'm back and I know you've missed me. Here's what else you've missed while you were dreaming about your chance to snag a Trenta today:

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  Monday, 31 Jan 2011 | 4:22 PM ET

Middle East Turmoil Means Rising Oil Prices—Now Over $100 a Barrel

Posted By: Ash Bennington
  Monday, 31 Jan 2011 | 4:06 PM ET

Hundreds Gather to Protest Mubarak at UN

Posted By: Ash Bennington

On Saturday afternoon, I visited a rally outside the United Nations building in New York City, where hundreds had gathered to protest the Mubarak regime in Egypt.

I brought my iPhone—and limited photography skills—to document the gathering.

Egyptian ex-patriots, and Americans of Egyptian ancestry, young and old—though principally young—turned out by the hundreds to the rally in Dag Hammarskjöld Park, despite low temperatures and many inches of accumulated snow.

Some of the gathered were draped in Egyptian flags. Many carried signs. Most were eager to speak of their hopes for their native country's future—and, somewhat more reluctantly, of their fears.

The chanting conveyed mostly hope. Sometimes there were several chants at once—muddled together so indistinctly that I at first thought they were in Arabic. The welter of contrasting voices, in the relative calm of a Second Avenue park, situated next to The Trump World Tower, provided some small inkling of the din and chaos of revolution.

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  Monday, 31 Jan 2011 | 3:44 PM ET

How to Block The Suez Canal

Posted By: John Carney

The good news is that it doesn't look like any one has posted a guide to blocking the Suez. At least, not in English.

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  Monday, 31 Jan 2011 | 3:15 PM ET

Fed Gave Market 250-point Gift, But Won't Be Able to Give More: Nomura

Posted By: Jeff Cox

In case you’re wondering what a post-QE2 stock market might look like, Nomura Securites strategist Bob Janjuah has an answer, and it’s not pretty.

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  Monday, 31 Jan 2011 | 3:04 PM ET

Abby Joseph Cohen Is a Victim of Goldman’s Banal Business Standards

Posted By: John Carney
Abby Joseph Cohen
Abby Joseph Cohen

The New York Times magazine gave famed Goldman investment strategist Abby Joseph Cohen a prominent interview in the magazine this Sunday. It didn’t go well.

Deborah Solomon typically does a good job in her interviews—eliciting informative responses on complex topics in a relatively short question-and-answer format. As someone who occasionally has to interview people, I know how hard this can be.

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  Monday, 31 Jan 2011 | 2:40 PM ET

Why Is Wall Street So Addicted to Prestige Colleges?

Posted By: John Carney
Thomas Barwick | Digital Vision | Getty Images

A recent paper by Kellog management professor Lauren Rivera “uncovers” something most of us already know: elite investment banks, consultancies and law firms are education snobs.

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