Global Economy
Icy Arctic Rising As Economic, Security Hot Spot
The icy Arctic is emerging as a global economic hot spot— and one that is becoming a security concern for the United States as world powers jockey to tap its vast energy resources and stake out ...
London Courts Popular Destination for ‘Legal Tourists’
Foreigners brought almost two-thirds of all lawsuits heard in London's leading commercial court over the last five years, according to a new survey, cementing the city's reputation as the venue of ...
Column: Twilight for the Middle Class in America?
It's evening in America. That is the worrying news from the latest Heartland Monitor Poll, conducted quarterly and sponsored by the insurer Allstate and National Journal. The researchers made a ...
Berkshire Profit Rises 51%, Shares Hit Record High
Warren Buffett's Berkshire Hathaway Inc. on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from ...
Many Bosses ‘Cook the Books’ to Meet Tough Goals: Fraud Survey
Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young says in its latest fraud survey ...
How Imports Support U.S. Jobs Including Insurance
A new report credits imports with supporting 16 million U.S. jobs in a bid by business groups to improve the image of the ugly brother of trade. While politicians from President Barack Obama on down ...
Lessons of Reinhart-Rogoff: Lawrence Summers
The economics commentariat and no small part of the political debate in recent weeks has been consumed with the controversy surrounding the work of my Harvard colleagues (and friends) Carmen Reinhart ...
Buffett Fans Remain Loyal Even As Berkshire Growth Slows
Short-seller Douglas Kass, Warren Buffett's handpicked bear, raised a concern on the minds of many shareholders at the "Woodstock for capitalists" this weekend: Has Berkshire Hathaway Inc. become so ...