The purpose of regulation is to crime prevention. Businesses have spent the last generation either ignoring or pretending to ignore this. Businesses must, by their very nature, skate close to the edge of the law. Those who skate closest without crossing over have a big advantage. So regulation exist...

On a recent weekday afternoon, a handful of policy wonks sat in a corner office adorned with maps and books in the Vanderbilt Street headquarters of the Manhattan Institute discussing a political opportunity presented by the current financial crisis. “We feel that the moment is here,� said Steve...

Bush and Giuliani in 2004. Passing the neocon flame?Photo: Getty Images Today's Observer story on Rudy Giuliani peeks into his intimate relationship with the conservative Manhattan Institute. Last year, they report, at an Institute award ceremony, Giuliani credited them with masterminding a huge por...