You almost can set your watch by the recurrence of the federal debt limit showdown in Washington, and you certainly can paper your walls with the letters that have gone from the Treasury Department to Congress warning of dire consequences from failing to raise it.
Here it is again.Read more
The natural instinct of the people making economic policy at any given time is to put the best gloss on fresh economic data; that's why the White House described Friday's fairly dismal job numbers for September as marking "the 67th straight month of private sector job growth, extending the longest streak on record."
But that doesn't mean their eyes aren't on the ball.Read more
One of the questions routinely faced by government regulators and consumer advocates is whether a company can get so big that it starts acting against its own customers' interests.Read more
The U.S. Postal Service might rightly be considered the sick man of government agencies. It's squeezed between two immutable facts: The U.S. Constitution and federal law require it to operate everywhere in the country, without discrimination; and its core business, delivering first-class letters, is inexorably going away.Read more
The lawsuit known as Bain v. California Federation of Teachers always had a Lewis Carroll flavor.
As we reported in May, it was an attack on the collective voice of teachers masquerading as a defense of free speech. A complaint about teachers being excluded from their unions' policy discussions, with two union officials among the plaintiffs.Read more
The home-sharing company Airbnb has come under attack in some communities in Los Angeles and elsewhere for its putative negative impact on their quality of life. So it pushed back Tuesday with a study purporting to show that its influence is much more benign than critics say.
Should you accept the study as the last word on the subject? Plainly not.Read more