The race for oil in the Arctic is on. As the polar ice cap retreats, energy companies are looking north for a potentially huge new source of crude supply. In April, Exxon Mobil (XOM) and Russian oil giant Rosneft announced a... more ››
Yesterday, the People's Bank of China lowered the reserve requirement ratio by 50 basis points. Now, China's banks will have an extra 400 billion yuan - about $63.5 billion - to lend. more ››
Political scandals sometimes perform a valuable function in cleansing governments. They destroy the political careers of individuals of dubious character. More importantly, they can debunk political myths central to the... more ››
President Barack Obama ran as the anti-George Bush candidate. So it is ironic that his signature achievement overseas - the killing of Osama bin Laden - is one Bush would have been proud of. more ››
