The U.S. Supreme Court term that opens next week gives the Republican-appointed majority a chance to undercut decades-old precedents in clashes over campaign finance, racial discrimination and legislative prayer.
As financial markets from New York to Hanoi are focused on the U.S. Federal Reserve’s next move, Daniel Alpert’s “The Age of Oversupply” explains that there are limits to how much monetary policy can help the global economy escape its five-year rut.
German Chancellor Angela Merkel’s choice of coalition partner will play a key role in deciding how far the foreign-exchange market is burdened by a proposed financial-transactions tax in 11 European Union states.
Japonica Partners & Co., the U.S. investment firm that offered to buy as much as 4 billion euros ($5.5 billion) of Greek government bonds, expects yields on the securities to drop to 5 percent early next year, a level last seen in 2009.
European Central Bank President Mario Draghi’s 14-month-old promise to safeguard the euro-region’s recovery is proving to be a more powerful signal for investors than political turmoil in Rome and Washington.
Blackstone Group LP raised more than $4 billion in 2009 to buy European property assets anticipating that cash-strapped banks would be forced to sell as the region’s debt crisis worsened. Almost all of it sat idle for two years.