American Capitalism on Trial

WASHINGTON -- This election is being fought along the traditional skirmish line of capital versus labor. President Obama projects himself as the protector of workers and families who are preyed upon by greedy and wealthy capitalists. Mitt Romney ...

The Real Lesson From JPMorgan

WASHINGTON -- It's a teachable moment, but what's the right lesson? Already, the $2 billion-plus trading debacle at JPMorgan Chase has inspired a powerful storyline. Nothing has changed since the financial crisis, it's said. Big banks remain out ...

The Boom on the Farm

MARION, Iowa -- Sitting in the cab of a $350,000 John Deere tractor pulling a $150,000 Deere corn planter, Greg Carson embodies modern American agriculture. It's capital-intensive, high-tech, efficient -- and now immensely profitable. Looking for ...

'Battle of the Beards' One of Overambitous Goals

WASHINGTON -- It's being called the "battle of the beards" -- Paul Krugman versus Ben Bernanke. Both are eminent (and bearded) economists: Bernanke, chairman of the Federal Reserve Board; Krugman, a Nobel Prize winner and a prominent New York ...

Don't Blame the Speculators

"We still need to work extra hard to protect consumers from factors that should not affect the price of a barrel of oil. ... We can't afford a situation where speculators artificially manipulate markets."

-- President Obama, April 17

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Democracy in America

WASHINGTON -- The Washington of conventional wisdom and the real Washington are two entirely different places. The Washington of conventional wisdom is overrun by well-paid insiders -- lobbyists, lawyers, publicists -- who systematically ...