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The growing backlash against biofuels is a product of the law of unintended consequences. It may seem obvious now that when biofuels increase demand for crops, prices will rise and farms will expand into nature. But biofuel technology began on a small scale, and grain surpluses were common. Any ripples...
Gilani will take on his new role at one of Pakistan's most difficult periods. The presidency of Musharraf is deeply unpopular. The PPP's coalition partner, the PML-N, has pushed for the Supreme Court judges dismissed by Musharraf last year to be reinstated - a direct threat to the...
James Cayne Traders like Bear Stearns, led by ex-CEO Cayne, loaded their balance sheets with assets of untested value. When forced to calculate true worth, writedowns followed. Wary firms stopped lending to each other, causing a liquidity crunch.
Sometimes it's the quietest voice that speaks the loudest. The quiet voice I heard in 1988 was that of a young woman from Ghana. The morning my wife Rosalynn and I visited the woman's village of Denchira, near the Ghanaian capital of Accra, she sat timidly on a...
Former Managing Editor of the Wall Street Journal Paul E. Steiger spoke last night at the John F. Kennedy Forum at the Institute of Politics about the current recession in the newspaper business, contending that “we have not reached the bottom yet.” Steiger began...