| Oct 11, 2013
| 12:47 PM
That's the question raised by James Grant in a Washington Post op-ed, and his answer -- as anyone who knows Grant might expect -- is yes.
His real point is that it happens all the time, in a way, and will inevitably happen in the future. "On the...
| Oct 14, 2013
| 5:23 PM
WASHINGTON — Five years after the U.S. financial crisis helped cause a deep global recession, foreign leaders are worried that history is going to repeat itself.
The fiscal impasse that has partially shut the federal government now threatens to...
| Oct 16, 2013
| 2:48 PM
Now that Congress is set to lift the current limit on how much the government can borrow, here are four facts about the national debt that, polls indicate, many people don’t know.
1. The U.S. debt burden is starting to decline. That’s...
| Oct 17, 2013
Re "A tablet, not a cure-all," Column, Oct. 15
Sandy Banks raises very good points about the ill-conceived rollout of Apple iPads to students in the Los Angeles Unified School District.
I am not a Luddite, and I definitely believe that students can...
| Oct 18, 2013
| 1:30 PM
DETROIT — The Christie's appraisers enter on Mondays, when the museum is closed, and either inspect what's on the walls or ask to see some of the thousands of works not on display, sometimes sending Detroit Institute of Arts technicians on half-...
| Oct 17, 2013
| 5:51 PM
WASHINGTON — In the grand scheme of the $16-trillion U.S. economy, the nearly three-week government shutdown and standoff over the debt ceiling may not look like much. Analysts estimate the loss at tens of billions of dollars, and reckon that much...
| Oct 22, 2013
Mayor Rahm Emanuel was on hand when an organization of female business executives paid tribute last year to his financial guru, Lois Scott, for her pioneering role in helping cash-strapped governments solve their problems.
Many in the room shared an...
| Oct 25, 2013
For months it was a matter of intense speculation: Who would President Obama nominate to chair the Federal Reserve? Now that he has named Janet Yellen, currently the Fed's vice chair and an exceptionally well-qualified candidate, maybe we can move on to...
| Oct 23, 2013
| 2:40 PM
Detroit went into federal bankruptcy court on Monday hoping to prove what most people already know: It is poor and $18 billion in debt, its residents aren’t getting adequate municipal services and there is no real way to rebound without some sort of...
| Oct 30, 2013
Anticipating the Securities and Exchange Commission's actions can feel like waiting for Godot. The SEC has been sitting on a petition for a new rule requiring publicly traded companies to disclose to shareholders what corporate funds are spent on...
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...