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Steve Malkenson
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Steve Malkenson, an independent commentator, has been an Professor of Business Ethics, public high school teacher, independent documentary filmmaker, economic analyst and money manager. He is a graduate of Harvard Business School.

Entries by Steve Malkenson

Horse Racing Tested by the Test of the Champion

(0) Comments | Posted June 9, 2014 | 9:30 PM

I first went to the racetrack in Saratoga Springs, New York in 1958. I was 9 years old. In those days the horses were saddled under the trees in an outdoor paddock open to the public. You could stand 6 feet away from the greatest thoroughbreds in the world. There...

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Obama's Back Door Tax Play: New Rules for IRAs?

(60) Comments | Posted April 17, 2013 | 4:18 PM

By the early 1970s it was abundantly clear that people in America were living beyond their means and inadequately planning for their retirement. Social Security alone could not, nor was it ever intended to, provide fully for post-retirement financial security. To address this problem, in 1974 Congress established the Individual...

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Gun Violence: The Uncounted Victims

(110) Comments | Posted February 27, 2013 | 6:15 PM

In the past year 31,000 Americans have been the ultimate victims of gun violence. The Newtown shootings claimed 27 innocents among that total. For each deceased, there are countless 'secondary' victims -- parents, siblings, classmates, teachers, first responders and community members. Much attention has been paid to the...

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'Mandate' or Madness?

(0) Comments | Posted December 3, 2012 | 2:18 PM

In the first press conference since his re-election, President Obama recently spoke of the political "mandate" he received at the polls. It was eerily reminiscent of a comment made by President George W. Bush three days after his re-election in 2004 wherein he used the same word to justify a...

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Flagged! The NCAA Overshoots Its Mission With Penn State

(37) Comments | Posted July 24, 2012 | 2:43 PM

In 1973 the NCAA handed down its first "death penalty," banning the University of Southwest Louisiana (since renamed Louisiana-Lafayette) from competing in basketball for two years for academic and recruiting violations. In 1976, USL was allowed to resume competition after serving its suspension. Not surprisingly, that fall the team's starting...

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The Dream Team vs. The Olympic Dream: A Legacy of Triumph or Tragedy?

(9) Comments | Posted June 7, 2012 | 11:06 AM

The London Olympics will mark the 20th Anniversary of basketball's "Dream Team," the greatest assembly of talent on one team in the history of basketball, or arguably any sport. Unfortunately, the same event symbolizes the end of a much more important dream, the Olympic Dream.

The modern Olympic Games...

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The Last Word On Joe Paterno (And What He Tells Us About Ourselves)

(9) Comments | Posted February 13, 2012 | 10:14 AM

Three weeks ago Joe Paterno passed away, his will to live doubtless sapped by the tumultuous events of the last three months of his life.

We all share in the outrage over the alleged actions of Mr. Sandusky and the university's apparent preference to protect its reputation at the...

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50 Million Reasons Not to Join the AARP

(3) Comments | Posted November 17, 2011 | 3:54 PM

My mother was a woman of modest but comfortable means. In some ways she was ahead of her time, returning to work in 1963 at age 52 after taking 20 years out of the workforce to raise her children.

Decades later in retirement, as she was discarding one of the...
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It Can't Happen Here (or Can It?)

(95) Comments | Posted October 5, 2011 | 12:38 PM

I had the fascinating experience of spending much of 1992 and 1993 in Russia witnessing history -- the implosion of a world superpower descending into chaos and anarchy. I watched as the government collapsed, services stopped, crime exploded, the economy contracted by 40%, and male life expectancy plunged to an...
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Change (We Can Believe in) or Business (as Usual)?

(4) Comments | Posted August 14, 2011 | 3:48 PM

Thursday afternoon, President Obama graced the residents of New York with a visit. There was no diplomatic purpose for his trip to the city. He met with no head of state. He visited no federal program. He made no public appearance and made no public speech. Rather, he stopped in...

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The New York Yankees And Christian Lopez: Noblesse Oblige Is Dead

(6) Comments | Posted July 14, 2011 | 12:40 PM

For sports writers and poets, Derek Jeter's 3000th hit was the stuff myths are made of. A home run into the left field stands and a dramatic exclamation point from a player who has had difficulty getting the ball through the infield this year.

For the New York Yankees, however,...

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Last Call for the "Me" Generation

(142) Comments | Posted April 20, 2011 | 10:43 AM

On Monday, S&P placed United States debt under "negative" credit watch. The ability of the United States Government to borrow money, while not immediately imperiled, will likely become more difficult and more expensive in the near future. Far from an abstraction, this has the potential to profoundly affect...
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Syrian Identity Crises

(4) Comments | Posted March 29, 2011 | 3:02 PM

On March 17, the Harvard Arab Alumni Association held their annual conference in Damascus, Syria "under the patronage" of Her Excellency, Asma al-Assad, wife of Syrian President Bashar al-Assad. The First Lady is the daughter of Syrian ex-patriots living in London where she was born, educated,...

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Say It Ain't So, Mr. Goodell

(7) Comments | Posted February 1, 2011 | 1:12 PM

As Americans prepare for Super Bowl Sunday, the closest thing we have to an undeclared national holiday, many are troubled by the prospect that the contest between the Pittsburgh Steelers and the Green Bay Packers may be the last NFL game of 2011. The team owners are threatening to lock...

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Goldman Goes for the Gold

(15) Comments | Posted January 6, 2011 | 1:07 PM

In case we need more evidence that the system is broken, we got it this week in the case of Goldman Sachs and Facebook vs. the free world.

Earlier this week the venerable Wall Street financial institution announced it was investing $450 million of its own...

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