By Shang-Jin Wei, Project Syndicate
Members of Congress continue to trade individual stocks even as they shape legislative agendas and gain access to non-public information. New research sheds light on how political power affects financial outcomes and underscores the need for reforms that draw a firm line between public office and private profit.
Now measure the same economy with a different rod. On August 17 the Dow Jones Industrial Average closed at 53,459.78, near its all-time high. Gold was trading around $4,400 an ounce.
The U.S. 30-year Treasury yield climbed to 5.45% Thursday, its highest level since 2004.
Barr said policymakers likely need additional adjustments to bring inflation back toward the Fed’s target, according to his prepared remarks at a Chicago housing conference
Businessmen themselves are confused as to why. They cannot make sense of why certain business practices that were profitable yesterday are losing money today.
Not every country is comfortable with Israel’s newfound global influence.
The economy is growing, investment is surging, and workers are gaining. So why aren't Republicans making the economic case as the midterms approach?
They have become the magic words that can make constitutional restraints disappear—especially when the courts defer to claims of national security.
During the Great Depression, Mexican immigrants surged into the United States searching for work and brought marijuana with them.
