Plus: Democrats retain control of Senate, RIP Sharon Presley and Martin Wooster, and more...
More airline workers and more flights—not bailouts and restrictions on mergers—is the better policy.
Wherever markets are free, new wealth gets created. Then almost everyone wins.
A new Iranian thriller is both an elaborate social parable and an extended advertisement for the U.S. bankruptcy system.
Solar Panel Manufacturer That Hasn't Produced Solar Panels Since 2017 Seeks Extension of Solar Panel Tariffs
What good is protectionism that isn't protecting anything?
John Baker and Robert Miller identify an alternative
It's simple: You should not build your house in places where you can't get private flood insurance.
Sometimes a bankruptcy isn't evidence of some hedge fund manager's hubris or humiliation, but merely a reminder that risk is part of capitalism.
Customers lost billions in bitcoin, and former operator Mark Karpeles could gain well over half a billion.
Aquion Energy files for Chapter 11. Will Tesla's Gigafactory be next?
Those who call for aid shouldn't ignore where the territory's money actually went.
Families could end up with just pennies on the dollar.
Stockton has apparently learned nothing from its embarrassing financial boondoggle.
A federal judge approved Stockton's bankruptcy exit plan which punts on pension debt. But other cities are free to tackle the problem, and they must.
A major blow against the sanctity of public employee pensions in California
Owes more than $3 million to 20 creditors
Some objectors remain steadfast
But it's up to politicians and voters to fight for reforms
About 40 percent of the lights in the city don't work
Help shave off the billions in debt
Not an investment in the future but in people who know the right politicians
Chaos and lawsuits galore
The gravy train is not coming
Did city do enough to try to avoid bankruptcy?
Currently having them appraised