Donald Trump’s threat in Sunday night’s presidential debate to appoint a special prosecutor to go after Hillary Clinton’s use of a private e-mail server is legally empty — but it’s genuinely dangerous nevertheless. Federal regulations give the appointment power to the attorney general, not the president, precisely to protect us against a president who uses the special prosecutor as a …

When I talk to friends in asset management, I often hear them express a deep, gnawing worry about low interest rates. Fears that low rates would spark inflation, or cause governments to default on their debt, seem to have receded. I don’t hear many people talk about a “bond bubble” anymore. But one big concern won’t go away — the …

  Noah Feldman A company puts out word that it’s hiring: recent college graduates only, no experienced salespeople need apply. That’s age discrimination, right? Not according to a ruling from a federal appeals court last week. Overturning a half-century of practice, the U.S. Court of Appeals for the 11th Circuit held that job applicants can’t benefit from the disparate-impact provision …