Gross Domestic Product—the substitution, in effect, of ideas for physical value.
Private equity firms aren’t necessarily evil by definition. There are many stories of successful turnarounds fueled by private equity, often involving multiple floundering businesses that are rolled into a single entity, eliminating duplicative overhead.
Being in the building with Sarah Palin that night is a transformative and oddly unsettling experience. It’s a little like having live cave-level access for the ripping-the-heart-out-with-the-bare-hands scene in Indiana Jones and the Temple of...
lenders to trade their long-term income streams for short-term cash. Say
The individual incentive not to commit crime on Wall Street now is almost zero.
intrusive government and layer upon layer of regulatory red tape. When
The NFL, sadly, has a fatal environmental problem: It kills its workers.