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Never mind about mortgaging the future. By running up a monster deficit as it struggles to keep the economy growing, the Obama Administration is setting the stage for sharply higher taxes down the road.
The good news for Britain's pound: nasty fronts like this are usually rare, and soon pass. For one, the slide likely had more to do with Prudential's announcement than with intensified concerns about hung parliaments, as was reported widely in the British press, says Daragh Maher, deputy head...
The Lusitania and the Titanic are often thought of as sister vessels; they in fact belonged to two separate owners, but the error is understandable. Both ships were huge: the Titanic was carrying 2,207 passengers and crew on the night it went down; the Lusitania had 1,949. The...
There are a number of evolutionary explanations for the participants' behavior - and a number of practical implications. We evolved in a world with a day-night cycle and as a practical matter, darkness does conceal behavior, so it's no surprise that that protected feeling lingers in the unconscious whenever...
Zhong and his colleagues do not recommend flooding trading floors or K Street lobbyists' offices with light in order to enforce ethical behavior - at least not yet. But they do speculate that even when we communicate via e-mail, we may be more inclined to lie or distort if the...