James K. Glassman
Encyclopedia
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
conservative editorial
Editorial
An opinion piece is an article, published in a newspaper or magazine, that mainly reflects the author's opinion about the subject. Opinion pieces are featured in many periodicals.-Editorials:...
ist, journalist
Journalism
Journalism is the practice of investigation and reporting of events, issues and trends to a broad audience in a timely fashion. Though there are many variations of journalism, the ideal is to inform the intended audience. Along with covering organizations and institutions such as government and...
, diplomat and author
Author
An author is broadly defined as "the person who originates or gives existence to anything" and that authorship determines responsibility for what is created. Narrowly defined, an author is the originator of any written work.-Legal significance:...
. He is currently the host of the television program Ideas in Action, which airs on PBS member stations across the country. On December 11, 2007 Glassman was nominated by President George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
to replace Karen Hughes
Karen Hughes
Karen Parfitt Hughes is the Global Vice Chair of Burson-Marsteller. She served as the Under Secretary of State for Public Diplomacy and Public Affairs in the U.S. Department of State with the rank of ambassador. She resides in Austin, Texas.-Early life:Born in Paris, France, she is the daughter...
as the Undersecretary of State for Public Diplomacy. In 2007, Glassman became Chairman of the Broadcasting Board of Governors, an independent federal agency that provides programming about America to non-American overseas audiences via the Voice of America, Radio Free Europe/Radio Liberty, the Middle East Broadcasting Networks (Alhurra TV and Radio Sawa), Radio Free Asia, and the Office of Cuba Broadcasting (Radio and TV Marti). Earlier he founded The American
The American (magazine)
The American is an online magazine published by the American Enterprise Institute , a conservative think tank in Washington, D.C. The magazine's primary focus is the intersection of economics and politics...
, the magazine of ideas for business leaders, published by the conservative American Enterprise Institute
American Enterprise Institute
The American Enterprise Institute for Public Policy Research is a conservative think tank founded in 1943. Its stated mission is "to defend the principles and improve the institutions of American freedom and democratic capitalism—limited government, private enterprise, individual liberty and...
, and was its editor-in-chief and from 2005 to 2007. He is a frequent commentator on business and investing issues, and has been published in the Los Angeles Times
Los Angeles Times
The Los Angeles Times is a daily newspaper published in Los Angeles, California, since 1881. It was the second-largest metropolitan newspaper in circulation in the United States in 2008 and the fourth most widely distributed newspaper in the country....
, The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
, The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
, The Washington Post
The Washington Post
The Washington Post is Washington, D.C.'s largest newspaper and its oldest still-existing paper, founded in 1877. Located in the capital of the United States, The Post has a particular emphasis on national politics. D.C., Maryland, and Virginia editions are printed for daily circulation...
, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, The Atlantic Monthly
The Atlantic Monthly
The Atlantic is an American magazine founded in Boston, Massachusetts, in 1857. It was created as a literary and cultural commentary magazine. It quickly achieved a national reputation, which it held for more than a century. It was important for recognizing and publishing new writers and poets,...
, Reader's Digest
Reader's Digest
Reader's Digest is a general interest family magazine, published ten times annually. Formerly based in Chappaqua, New York, its headquarters is now in New York City. It was founded in 1922, by DeWitt Wallace and Lila Bell Wallace...
, and The Times Literary Supplement
The Times Literary Supplement
The Times Literary Supplement is a weekly literary review published in London by News International, a subsidiary of News Corporation.-History:...
(London). His is the co-author of Dow 36,000
Dow 36,000
Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book by James K. Glassman and Kevin A. Hassett. It was published in 1999, shortly before the dot-com bubble burst, and predicted that the Dow Jones Industrial Average would rise to 36,000 within a few years...
, which incorrectly predicted a drastic increase in the Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
.
On September 3, 2009, it was announced that Glassman will head the George W. Bush Institute, a public policy institute at the George W. Bush Presidential Library
George W. Bush Presidential Library
The George W. Bush Presidential Center is a future complex that will include former President George W. Bush's presidential library and museum, the George W. Bush Policy Institute, and the offices of the George W. Bush Foundation. The facility will occupy roughly on the campus of Southern...
. The Institute will be located at Southern Methodist University
Southern Methodist University
Southern Methodist University is a private university in Dallas, Texas, United States. Founded in 1911 by the Methodist Episcopal Church, South, SMU operates campuses in Dallas, Plano, and Taos, New Mexico. SMU is owned by the South Central Jurisdiction of the United Methodist Church...
.
Education
Glassman attended private Quaker school, Sidwell Friends SchoolSidwell Friends School
Sidwell Friends School is a Quaker private school located in Bethesda, Maryland and Washington, D.C., offering pre-kindergarten through secondary school classes. Founded in 1883 by Thomas Sidwell, its motto is "Eluceat omnibus lux" , alluding to the Quaker concept of inner light...
, in Washington, DC, and graduated cum laude from Harvard College
Harvard College
Harvard College, in Cambridge, Massachusetts, is one of two schools within Harvard University granting undergraduate degrees...
with a B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
in 1969.
Journalism
- Served as managing editor of The Harvard CrimsonThe Harvard CrimsonThe Harvard Crimson, the daily student newspaper of Harvard University, was founded in 1873. It is the only daily newspaper in Cambridge, Massachusetts, and is run entirely by Harvard College undergraduates...
while at Harvard. - Held first job as a Sunday writer for the Boston Herald Traveler. (1969–70)
- Became editor and publisher of The AdvocateThe AdvocateThe Advocate is an American LGBT-interest magazine, printed monthly and available by subscription. The Advocate brand also includes a web site. Both magazine and web site have an editorial focus on news, politics, opinion, and arts and entertainment of interest to LGBT people...
in Provincetown, MA (1970–72). - Co-Founder with Mary Hanby Glassman, Jack W. Davis, jr. and Robin von Breton of the weekly newspaper publication, FigaroFigaro-Literature:* Figaro, the central character in:** The Barber of Seville by Beaumarchais***Il barbiere di Siviglia , the opera by Paisiello based on Beaumarchais' play...
, in New Orleans, LouisianaNew Orleans, LouisianaNew Orleans is a major United States port and the largest city and metropolitan area in the state of Louisiana. The New Orleans metropolitan area has a population of 1,235,650 as of 2009, the 46th largest in the USA. The New Orleans – Metairie – Bogalusa combined statistical area has a population...
(1972–78). - After selling FigaroFigaro-Literature:* Figaro, the central character in:** The Barber of Seville by Beaumarchais***Il barbiere di Siviglia , the opera by Paisiello based on Beaumarchais' play...
, Glassman became executive editor of WashingtonianWashingtonian (magazine)Washingtonian is a monthly magazine distributed in the Washington, DC area since 1965. The magazine describes itself as "the magazine Washington lives by." The magazine's core focuses are local feature journalism, guide book-style articles, and real estate advice.-Editorial Content:Washingtonian...
magazine (1979–81). - Publisher of The New RepublicThe New RepublicThe magazine has also published two articles concerning income inequality, largely criticizing conservative economists for their attempts to deny the existence or negative effect increasing income inequality is having on the United States...
(1981–84). - President of The Atlantic MonthlyThe Atlantic MonthlyThe Atlantic is an American magazine founded in Boston, Massachusetts, in 1857. It was created as a literary and cultural commentary magazine. It quickly achieved a national reputation, which it held for more than a century. It was important for recognizing and publishing new writers and poets,...
as well as executive vice-president of U.S. News & World ReportU.S. News & World ReportU.S. News & World Report is an American news magazine published from Washington, D.C. Along with Time and Newsweek it was for many years a leading news weekly, focusing more than its counterparts on political, economic, health and education stories...
(1984–1986). - Part-owner and editor of Roll CallRoll CallRoll Call is a newspaper published in Washington, D.C., United States, from Monday to Thursday when the United States Congress is in session and on Mondays only during recess. Roll Call reports news of legislative and political maneuverings on Capitol Hill, as well as political coverage of...
, later sold to The EconomistThe EconomistThe Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
(1987–1993). - Started television career as moderator of CNNCNNCable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
's Capital Gang Sunday (1995–98). - Wrote a syndicated column in the Washington Post business section (1993–99, 2001–04).
- Hosted PBS's TechnoPolitics (1995–99).
- Founded Tech Central Station (now TCS DailyTCS DailyTCS Daily is an online magazine with commentary and analysis on current news from a free-market perspective.TCS is an initialism that now stands for "Technology, Commerce, Society"; when the Web site was founded in 2000, those three letters stood for its original name, "Tech Central Station." The...
), an online magazine (2000). - Chief columnist of FolioFNFOLIOfnFOLIOfn, Inc. is a brokerage and investment company serving investors, financial advisors, and financial institutions around the world. FOLIOfn offers its brokerage services on both a full-service basis and a technology-licensed basis...
(2001). - Analyst for Left, Right & CenterLeft, Right & CenterLeft, Right, & Center is a weekly half-hour public radio program that provides a "civilized yet provocative antidote to the screaming talking heads that dominate political debate"...
on KCRWKCRWKCRW is a public radio station broadcasting from the campus of Santa Monica College in Santa Monica, California, carrying a mix of National Public Radio news, talk radio and freeform music format. The general manager of KCRW is Jennifer Ferro...
(2001–02). - Currently a columnist for Kiplinger Investing Magazine
- Currently a columnist for Townhall.comTownhall.comTownhall.com is a web-based publication primarily dedicated to conservative United States politics. It was previously operated by the Heritage Foundation, but is now owned and operated by Salem Communications...
(2000-) - Currently a columnist for Scripps Howard News Service (2004-)
- Founded and served as editor-in-chief and executive publisher of The AmericanThe American (magazine)The American is an online magazine published by the American Enterprise Institute , a conservative think tank in Washington, D.C. The magazine's primary focus is the intersection of economics and politics...
, a printed and online bimonthly "magazine of ideas for business leaders" (2006–2008).
Politics
Glassman (with Virginia PostrelVirginia Postrel
Virginia I. Postrel is an American political and cultural writer of broadly libertarian, or classical liberal, views. She is best known for her two non-fiction books, The Future and Its Enemies and The Substance of Style...
) wrote an oft-cited rejoinder to a call for a conservative policy of "national greatness" by Bill Kristol and David Brooks
David Brooks (journalist)
David Brooks is a Canadian-born political and cultural commentator who considers himself a moderate and writes for the New York Times...
.
- Senior Fellow at the American Enterprise InstituteAmerican Enterprise InstituteThe American Enterprise Institute for Public Policy Research is a conservative think tank founded in 1943. Its stated mission is "to defend the principles and improve the institutions of American freedom and democratic capitalism—limited government, private enterprise, individual liberty and...
- Served on the U.S. government's Advisory Board on Public Diplomacy in the Arab and Muslim World (2003).
- Confirmed by the U.S. Senate as Chairman, Broadcasting Board of GovernorsBroadcasting Board of GovernorsThe Broadcasting Board of Governors is an independent agency of the United States government responsible for all non-military, international broadcasting sponsored by the U.S government. It was previously a department within the United States Information Agency until 1999.-Origins:Starting in...
. (2007) - In June 2008, Glassman became Under Secretary for Public Diplomacy and Public AffairsUnder Secretary for Public Diplomacy and Public AffairsThe Under Secretary for Public Diplomacy and Public Affairs is a position within the U.S. Department of State that is intended to help ensure that public diplomacy is practiced in combination with public affairs and traditional diplomacy to advance U.S. interests and security...
in the Bush administration.
Books
In Dow 36,000Dow 36,000
Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book by James K. Glassman and Kevin A. Hassett. It was published in 1999, shortly before the dot-com bubble burst, and predicted that the Dow Jones Industrial Average would rise to 36,000 within a few years...
, published in 1999, near the peak of the late 1990s stock market bubble
Stock market bubble
A stock market bubble is a type of economic bubble taking place in stock markets when market participants drive stock prices above their value in relation to some system of stock valuation....
, Glassman and his co-author declared that the stocks making up the Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
, then around 10,000, were undervalued and that the stock prices would rise sharply, with the index reaching 36,000 within three to five years. In its introduction, Glassman and his co-author wrote that the book "will convince you of the single most important fact about stocks at the dawn of the twenty-first century: They are cheap....If you are worried about missing the market's big move upward, you will discover that it is not too late. Stocks are now in the midst of a one-time-only rise to much higher ground–to the neighborhood of 36,000 on the Dow Jones industrial average.".
Glassman remains unrepentant for what many feel was a poorly researched book. Asked by Washington Post reporter Carlos Lozada "You don't feel the need to apologize to someone who read your book, went in and got creamed?", Glassman replied with only two words, "Absolutely not".
In 2011, he wrote "I was wrong" about his predictions in Dow 36,000, noting that the Dow Jones only went up 20% since publication of the book and returns during the intervening years were only "a few piddling percentage points."
Awards and honors
- Warren Brookes Award for Excellence in Journalism (1998) from the American Legislative Exchange CouncilAmerican Legislative Exchange CouncilThe American Legislative Exchange Council is a politically conservative 501 non-profit Policy Organization, consisting of both state legislators and members of the private sector. ALEC's mission statement describes the organization's purpose as the advancement of free-market principles, limited...
- Norman B. Ture Award (1997) from the Tax FoundationTax FoundationThe Tax Foundation is a Washington, D.C.-based think tank founded in 1937 that collects data and publishes research studies on tax policies at the federal and state levels. The organization is broken into three primary areas of research which are the Center for Federal Fiscal Policy, The and the...
for service toward sound tax policy.
External links
- An Interview with Ambassador James K. Glassman at Free Market Mojo