MARCH 19, 2011 Hedge-fund manager Paul Singer recognized the risks of subprime mortgages and bet against them. Now he warns that monetary policy could cripple American banks again. By JAMES FREEMAN At the height of the housing bubble, hedge-fund manager Paul Singer was shorting subprime mortgages. By the spring of 2007, he was warning regulators […]
MEGA-BANKS AND THE NEXT FINANCIAL CRISIS Read More »
MARCH 15, 2011 They’re drilling for oil, attracting high tech, and keeping the tax burden moderate. Result: 3.8% unemployment. By JOEL KOTKIN Living on the harsh, wind-swept northern Great Plains, North Dakotans lean towards the practical in economic development. Finding themselves sitting on prodigious pools of oil—estimated by the state’s Department of Mineral Resources at
WHY NORTH DAKOTA IS BOOMING Read More »
MARCH 17, 2011 Who can blame consumers for holding back when 50 million Americans depend on taxpayer-supported programs? The modern-day soup line is a check in the mail. By MORTIMER ZUCKERMAN There’s an acidic remark by Dorothy Parker, the New Yorker wit of the 1920s, that just about sums up our present economic predicament. She
THE ANEMIC RECOVERY CONTINUES Read More »
MARCH 11, 2011 The perils of following us toward greater regulation, higher taxes and centralized power. By DANIEL HANNAN On a U.S. talk-radio show recently, I was asked what I thought about the notion that Barack Obama had been born in Kenya. “Pah!” I replied. “Your president was plainly born in Brussels.” American conservatives have
A EUROPEAN’S WARNING TO AMERICA Read More »
MARCH 15, 2011 Gadhafi Closes In, as Allies Huddle Regime Presses Rebels Near Their Stronghold, as U.N. Again Debates No-Fly Zone; U.S. Appoints Liaison to Opposition By YAROSLAV TROFIMOV in Ajdabiya, Libya, JOE LAURIA at the United Nations and JAY SOLOMON in Washington Forces loyal to Libyan strongman Moammar Gadhafi closed in on key rebel
GADHAFI CLOSES IN, AS ALLIES HUDDLE Read More »
MARCH 15, 2011 By ANGUS MCDOWALL, ALEX DELMAR-MORGAN And ADAM ENTOUS ReutersAnti-government protesters block the roads from riot police at the junction of Bahrain Financial Harbour in Manama March 14. MANAMA, Bahrain—Saudi military forces in tanks and armored personnel carriers crossed the 16-mile causeway into the tiny island kingdom of Bahrain to defend the Sunni
SAUDIS SEND FORCE TO BOLSTER BAHRAIN Read More »
MARCH 15, 2011 Banking’s Scourge on Charm Offensive By VICTORIA MCGRANE And MAYA JACKSON RANDALL Elizabeth Warren has earned a reputation as the scourge of the financial industry. Banks used “tricks and traps” to carry out a “massive looting from middle-class families,” the Harvard professor and consumer advocate has said. She slammed Wall Street chiefs
ELIZABETH WARREN – BANKINGS’ SCOURGE ON CHARM OFFENSIVE Read More »
MARCH 15, 2011, 11:55 A.M. ET Damage Spreads to Fourth Reactor; Prime Minister Warns of Radiation Release, Tells Residents in 18-Mile Zone to Stay Indoors By YUKA HAYASHI And PHRED DVORAK Confusion and panic levels are rising across Japan following another blast and fire in Fukushima. WSJ’s Mariko Sanchanta and Yumiko Ono separate fact from
JAPAN’S NUCLEAR CRISIS ESCALATES Read More »
MARCH 14, 2011, 10:37 P.M. ET Kan Warns of High Radiation Level By WILLIAM SPOSATO TOKYO—Japanese Prime Minister Naoto Kan said Tuesday that there is a high risk of elevated levels of radiation from a reactor at the Fukushima nuclear power plant where an explosion occurred earlier in the day, and urged people within 30
JAPANESE PRIME MINISTER WARNS OF HIGH RADIATION LEVEL Read More »
MARCH 14, 2011, 9:20 A.M. ET By PHRED DVORAK And ATSUKO FUKASE in TokyoAnd ERIC BELLMAN in Sendai Agence France-Presse/Getty ImagesJapanese sailors rescue Hiromitsu Shinkawa Sunday, two days after the 60-year-old was washed to sea on the roof of his Minamisoma home by a tsunami caused by a powerful earthquake. Thousands are feared dead. Japan’s
SUPPLIES RUN SHORT FOR JAPANESE QUAKE SURVIVORS Read More »
