Earlier this month, we learned that the biggest municipal bankruptcy in history would also be among the swiftest. The emergency manager for Detroit filed for bankruptcy in the summer of 2013 without a…
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Economy – Articles, Analysis, Opinion
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Alex Rodriguez, the New York Yankees’ erstwhile third baseman, has had an interesting career in more ways than one. His use of steroids has resulted in a sullied reputation and a one-year suspension without…
Ello is enjoying its moment of fame – in part thanks to its use of the latest fad in corporate legal structures. The eight-month-old social network is still in beta, and has nothing like the brand recognition…
Republican gains in this month’s election, which handed the GOP united control of Congress for the first time since 2006, have lifted hopes that the government can pass corporate tax reform next year…
The US Social Security system has been heading toward insolvency for decades, with the program now projected to run a 25% deficit by a little after 2030, according to the Congressional Budget Office. Despite…
Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
On October 27, the last international troops closed their military camp in Southern Helmand Province and left Afghanistan, officially ending their combat role after 13 years of fighting. By the end of…
The word “speculation” carries a connotation of negativity. And it’s probably fair to say that pretty much every financial crisis since the tulip mania of the 1630s can be attributed to some sort of mass…
In an influential speech in 2005, then-US deputy secretary of state Robert Zoellick called on China to become a “responsible stakeholder” in the international community. To optimists, China’s recent efforts…
Last January, California Governor Jerry Brown declared a State of Emergency following projections of severe drought. State bureaucrats and local officials jumped into action and mandated any number of…
Congress has recently stepped up its efforts to reform the copyright system, which is woefully inadequate to deal with today’s rapidly evolving communication technologies. These efforts began early last…
Private equity is becoming much less private these days. But it is still not clear who will benefit from this new-found openness and accessibility. Not so long ago, private equity operated largely outside…
There are two quiet trends that might very well transform the structure of work in the near future. First, a majority of today’s employees expect to work beyond the traditional retirement age of 65, with…
This week, I can predict with a high degree of accuracy that more than 50,000 car accidents will occur in the US, over 500 of which will involve fatalities. Last week was no different. Is social media…
It’s clear mortgage standards have gotten too tight when even a former Federal Reserve chairman who makes as much as US$250,000 per speech cannot refinance his home. Ben Bernanke complained about his inability…
JPMorgan Chase early last month disclosed that cyber thieves pilfered account data on 76 million households and seven million small businesses over the summer, one of the biggest breaches ever and only…
Federal Reserve Chair Janet Yellen has her work cut out for her if she hopes to change the culture at the world’s most important central bank. Media reports abound with evidence that the financial industry…
Bikesharing has boomed in Europe and North America in recent years following decades of slow growth since its introduction on the streets of Amsterdam in 1965. Like any industry undergoing rapid expansion…
Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of…
Compared to the number of Mexican immigrants entering the US through its southwestern border, migration of Cubans may seem insignificant. Yet the numbers of Cubans coming to the US has soared since Raul…
In nearly half of US states, marijuana business is booming. Although marijuana is illegal under federal law, 23 states have legalized some marijuana use. Colorado and Washington even allow recreational…
The competition to host the Olympic Games has typically been fierce, but an increased awareness of the giant money pit they usually become is convincing some cities to think twice. Earlier this month Oslo…
Foundation essay: This article is part of a series marking the launch of The Conversation in the US. Our foundation essays are longer than our usual comment and analysis articles and take a wider look…
“There is no such thing as too big to jail,” Attorney General Eric Holder announced in a sternly worded video message last May, underscoring that no financial institution “should be considered immune from…
Foundation essay: This article is part of a series marking the launch of The Conversation in the US. Our foundation essays are longer than our usual comment and analysis articles and take a wider look…