Five million Californians just voted to increase their taxes to prevent deep cuts to education. This may be a lesson for the U.S. Congress as it faces the fiscal cliff
The tax code encourages businesses to borrow, rather than sell shares, and lures households to take on debt by making their mortgage interest payments deductible
As Treasury Secretary, Rubin oversaw the last great roaring economy—and set the table for its demise. At Citigroup, he was paid $126 million—and the firm almost perished. The tale of a wise man, and a phantom