The president, convinced that the only thing America has to fear is an insufficiency of fear, has warned that "disaster" and "catastrophe" are the certain alternatives to swift passage of the stimulus legislation. One marvels at his certitude more than one envies his custody of this adventure. ...more

February 11, 2009

In a measure of how quickly its options are shrinking, the United States is about to embrace an economic theory that widely was thought to have been discredited for most of the last generation: the idea that great bursts of deficit-funded government expenditure can jolt an economy back to growth. ...more

February 9, 2009

Seldom has corporate strategy been turned on its head so quickly. Barely a year ago, cash was a dangerous thing to accumulate: activist investors stalked companies, urging boards to return it to investors, to pay special dividends or to buy back shares. ...more

November 29, 2008