8 Unforeseen Consequences of Russian Sanctions
U.K. luxury spending by tourists drops, while McDonald’s and even Miley Cyrus could lose big.
Peter Schiff: The Myth of Higher Taxes Creating Higher Revenues
An uncharacteristically subdued Schiff argues against the "myth" that higher taxes will lead to higher revenues.
Economy Seen as Debacle for Ruling Japanese Party
The upcoming Japanese election will mean that three of Asia’s four largest economies–Japan, China and South Korea–will have new leaders in 2013. South Korea will elect its new president on Dec. 19, and the winner will take office in February. And China officially replaced Hu Jintao as head of the...
Japanese Finance Minister to Take Party Post
Jun Azumi, Japan’s finance minister, will take a senior position in the country’s governing Democratic Party, although he will continue with ministerial duties until a replacement has been named.
GOP Exits Tampa, Trailed by Perception They’re Party of the Wealthy, Poll Finds
As Republicans head home from Tampa after naming Mitt Romney and Paul Ryan to head their ticket in the November election, they face a widespread perception that the GOP is the party of the rich, according to a Pew Research Center survey.
Robert Pozen: The 2012 IA 25 Extended Profile
As chairman emeritus of MFS Investment Management, Robert Pozen used his bully pulpit to argue for Social Security reform and the protection of Americans’ retirement assets.
Monti Reaches Deal on Italian Labor Laws
Prime Minister Mario Monti has reached an agreement with the main political parties in Italy to back his plan to relax rules on firing workers.
Monti Labor Law Split Poses Risk for Investors
Even as Prime Minister Mario Monti of Italy pushed through a plan to make it easier to fire workers, a split within his governing coalition over the measure could endanger his government even before elections are held by May. And that, in turn, could boost risk for investors.
'Harry Potter' Star Supports Higher Taxes for Wealthy
Move over, Wizard of Omaha. You’ve got company–the Wizard of Little Whinging. Actor Daniel Radcliffe, best known for his portrayal of wizard Harry Potter, has come out in favor of taxing the wealthy, himself included.
The Warren Effect
Elizabeth Warren presents a conundrum for Wall Street. She is a forceful, well-prepared critic of the financial industry.