Business articles

Argentina's economy minister, Axel Kicillof, via Mr. Kicillof's Facebook page.

Default? Argentine, U.S. debt negotiations down to the wire

WASHINGTON, July 30, 2014 – Almost perversely, as stocks sink in pre-Fed trading today, Argentine bonds caught a bid, jumping to a three-year high Wednesday morning. The current Argentine bond rally is apparently based on a rumor that officials of that country are nearing a deal with its holdout creditors–called “vultures” by Argentina’s current socialist

Reconstruction of Noah's Ark.

GDP, Fed flood inundates Wall Street. Bull market to end?

SANTA FE, N.M., July 30, 2014 – Flooding was big news yesterday in the otherwise-parched American West, swamping among other places parts of New Mexico’s Sandoval County as surprisingly large summer monsoons continue to wash through this desert state where the Maven is staying this week to review the Santa Fe Opera’s current season. More


Single rate tax really shows patriotism

WASHINGTON, July 28, 2014 — Over this past weekend, President Obama said American companies that relocate their headquarters to foreign countries in order to pay lower corporate tax rates are unpatriotic. It is like the companies are renouncing their citizenship, he said. While Obama admits that the solution is to reduce the corporate tax rate, he