WASHINGTON - U.S. housing starts surged to their highest level in nearly six years in November, a sign of strength in the housing market that could give the Federal Reserve ammunition to start cutting back its bond purchases.
- German data lifts shares as Fed decision approaches
- FedEx second-quarter profit misses estimate; shares fall
- Fighting spreads to near flashpoint South Sudan town
- Exclusive: Iranian linked to Setad wanted by U.S. for attempted arms smuggling
- India freezes duty-free alcohol in row with U.S. over diplomat's arrest
NEW DELHI - India announced retaliatory measures against the United States, including revising work conditions of Indians employed in U.S. consulates and a freeze on duty-free alcohol, in an escalating row over the arrest of a diplomat in New York. Full Article
WASHINGTON - A senator disclosed the existence of a secret Central Intelligence Agency document that some legislators believe supports their conclusions in a study highly critical of "waterboarding" and other harsh counterterrorism practices. Full Article
Dec. 18 - Anyone betting on an early end to bond buying is in for a disappointment, says Standard Chartered. Plus Hollywood’s Gordon Gekko for the 21st century.
Europe uses “soft power,” defined as the power to influence other countries without force or money by drawing people to it who, by “admiring its values, emulating its example, aspiring to its level of prosperity and openness -- want to follow it.” Commentary
Nudging - defaulting people into a saving plan - has been proven extremely effective at increasing participation in pension accounts. Commentary
So long as the doddering Castro brothers are in charge, Cuba is ripe for another revolution. But this time it will be a free market revolt, not a plunge into further darkness. Commentary
We must acknowledge the possibility that the American and global economies cannot rely on normal market mechanisms to assure full employment and strong growth without sustained unconventional policy support. Commentary