The coming days
The week ahead
Another Democratic primary, and other news

• VOTERS in Indiana and North Carolina go to the polls on Tuesday May 6th in the next round of the Democratic presidential nomination process. Hillary Clinton is expected to mop up the support of blue-collar workers and will probably win Indiana. However Barack Obama’s [...]

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Petrobras Finds Make Stock Most Expensive Oil Company (Update2)

May 2 (Bloomberg) — The biggest oil discovery in the Western hemisphere in three decades and speculation about an even larger deposit turned Petroleo Brasileiro [...]

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Services May Have Cooled, Home Sales Fell: U.S. Economy Preview
May 4 (Bloomberg) — Service industries in the U.S. probably contracted for a fourth month and pending home resales fell, signaling the real estate slump and credit crisis continue to depress growth, economists said [...]

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Microsoft Walks Away From Yahoo After Fight on Price (Update2)

May 4 (Bloomberg) — Microsoft Corp., the world’s largest software maker, walked away from its bid for Yahoo! Inc. after a disagreement on [...]

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Steps that can safeguard America’s economy
By Lawrence Summers

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Neither US financial institutions nor the economy are likely to suffer from a lack of central bank liquidity provision. New lending facilities are [...]

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Food crisis is a chance to reform global agriculture
By Martin Wolf

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Of the two crises disturbing the world economy – financial disarray and soaring food prices – the latter is the more [...]

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Clinton Caught in Time Warp With Windfall Oil Tax: Amity Shlaes

May 2 (Bloomberg) — Jimmy Carter’s in the news again. The former president wants a windfall-profits tax. No wait, he wants [...]

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Fed `Rogue Operation’ Spurs Further Bailout Calls (Update1)

May 2 (Bloomberg) — A month after the Federal Reserve rescued Bear Stearns Cos. from bankruptcy, Chairman Ben S. Bernanke got an S.O.S. from Congress. [...]

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Microsoft Abandons Yahoo Takeover After Price Fight (Update3)
May 3 (Bloomberg) — Microsoft Corp. walked away from its bid for Yahoo! Inc. after failing to agree on a price, a setback to the software maker’s efforts to catch Google Inc. in the online advertising [...]

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Kim Jong-il, Faminist [no sic]

Although it is waning, anti-globalization is still fashionable in certain circles, particularly with trustafarians and assorted Westerners with too much free time on their hands. Tilting against the evils of trade, commerce, and corporations certainly has its appeal in a Marxist sense. Today I feature the plight of [...]

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