The recent cyber-attack on Sony Pictures, US intelligence officials say, “was both state-sponsored and far more destructive than any seen before on American soil.” The question now is: what is the United States going to do about it?
In 2015, we might see the resurgence of the euro crisis in a very big way.
How widespread can negative interest rates become? How negative can they get?
Sony Pictures has now confirmed that it is canceling the Christmas release of The Interview, a comedy starring James Franco and Seth Rogen, due to North Korean–directed threats against theaters. Not since the fatwa against Salman Rushdie and The Satanic Verses has the West so cravenly surrendered to intellectual terrorism.
Most federal crop subsidies go to farm households that have much higher incomes and are far wealthier than the average US household.
The repeal of Section 716, the so-called swaps push-out rule, will do little to increase the risk of a taxpayer bailout of Wall Street. But it will reduce the costs of banks’ swap businesses.
Congress has passed, and President Obama will soon sign into law, the Achieving a Better Life Experience (ABLE) Act, which will create a new ABLE account. The account is a good idea within the context of the current income tax system, but highlights the system’s inherent limitations.
A hasty Greek exit from the euro could trigger a run on Greek banks and a further deterioration of the Greek economy. The fallout could also rattle confidence in the entire eurozone system.
Everyone is for preserving an open Internet. However, reclassifying the competitive broadband industry as a regulated utility is not the way to do it.
American progressives are mistaken to think the Scandinavian model is an argument for high taxes and subsidies.