Greece is again making headlines, and markets are concerned the euro crisis is back. Actually, the crisis never left. It is just that for a little while both the authorities and the markets chose to cherish…
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At this moment, there are likely many eyes on you. If you are reading this article in a public place, a surveillance camera might be capturing your actions and even watching you enter your login information…
For faithful followers of the European economy, it feels like déjà vu all over again. Turmoil in Greece is raising doubts about the country’s continued membership in the eurozone. The specter of a “Grexit…
In 2009, US trucking company YRC Worldwide faced ruin as it struggled to restructure its debt. With tens of thousands of jobs at stake, the Teamsters union, led by James Hoffa, accused some YRC bondholders…
Given the contentiousness of recent fiscal negotiations, the prelude to the budget passed by the Senate last month was surprisingly placid. Will a uniquely unproductive Congress be followed by a more conciliatory…
With the resounding Republican victory in November’s midterm elections, most pundits are despairing that Congress and President Barack Obama will find any areas for cooperation in the coming two years…
Investing in fine wines has become increasingly popular over the past few decades as many in the viticulture industry have promoted fermented grapes as a way to boost returns and diversify a portfolio…
Department stores and other brick-and-mortar retailers registered another lackluster holiday shopping season, while online sales have remained upbeat since Cyber Monday. As more consumers spend a larger…
If the label has an animal on it, chances are you’ll buy the wine.
A modest change in an accounting rule is normally too much inside baseball to attract notice. But a proposal by the institutions that set accounting standards for publicly traded companies is prompting…
China may not be poised for world domination in wine, but it’s industry has grown wildly in recent years, and it’s now producing some well-regarded vintages.
The early admissions deadlines for universities across the country have come and gone, and acceptance letters are on their way. But with the cost of a four-year college education rising an average of 5…
Russia’s currency is in free fall. Since mid-year, the incredible shrinking ruble has lost close to half its value, and it is anyone’s guess how much further it might go. Whatever happens, the geopolitical…
The thousands of tax loopholes that litter the corporate tax code in the United States are frequent targets of criticism from both Democrats and Republicans. Outgoing Republican Senator Tom Coburn released…
Oil prices are down almost 50% from their peak this year, and jet fuel has plunged 33% since last December. Given energy costs consume almost a third of airline operating expenses, shouldn’t we expect…
The United States has always been known as a nation of immigrants and a top destination for scientists and other highly skilled professionals. That ability to attract the world’s most educated and innovative…
The political system’s indifference to the needs of the American people could not have been made clearer in recent days. At a time when economic inequality is increasing and the US racial divide is ever…
We live in a world increasingly dominated by our personal data. Some of those data we choose to reveal, for example, through social media, email and the billions – yes, billions – of messages, photos and…
Observers may be quick to declare social trends “good” or “bad” for families, but such conclusions are rarely justified. What’s good for one family – or group of families – may be bad for another. And…
The recent drop in crude oil and gasoline prices in the United States is a nice stocking stuffer for consumers this holiday season, but it could turn into a lump of coal. A global oil glut has caused the…
Despite sluggishness in the world economy, global trade reached an astonishing US$23 trillion last year. The World Trade Organization has been the primary guarantor of this extraordinary growth in global…
Wealth and income inequality have many causes, and it’s pretty much beyond dispute that any well-functioning capitalist society will have some degree of disparity between the richest and the poorest. It’s…
Congress passed the wind production tax credit (PTC) more than two decades ago to spur development in an industry still in its infancy. The wind sector has since matured into adulthood, prompting thousands…
So-called cap and trade may be a solution to a problem it was not intended to solve: state budget crises. Cap-and-trade policy was designed to address climate change by putting a “cap” on carbon dioxide…
Once commonplace, the phenomenon of all-female or all-male workplaces have largely gone the way of the buggy whip. Many of the benefits of this increased diversity might be difficult to measure and quantify…