The selloff followed a controversial decision by Standard & Poor’s to downgrade the United States from AAA, the gold standard in credit ratings, to AA+. Even though S&P’s head of sovereign ratings John Chambers has ...
When Barack Obama talks about fiscal control,the idea he emphasizes-often the only one he offers with conviction-is raising taxes on the rich.This gets ovations from Democrats,
Global recessions can bring out the worst in treading partners. Plunging do- mestic demand in both China and the U. S. has left manufacturers in both coun- tries plagued with overcapacity. Ameri- can companies are now...