The past few years have been a continuous and near-total fiscal disaster for state and local governments. The one exception is borrowing costs.
full articleThe probability of recession in the U.S. suddenly surged to the 20% level from the 2% level...
The political obsession with homeownership starting in the mid-1990s raised the U.S. homeownership...
One has to pity Europe. Almost three years into its sovereign debt crisis, there are no signs that...
Despite its inflows falling, China became the world's largest recipient of foreign direct...