Rosy Scenario is alive and well. There is a long and dubious tradition among politicians of projecting high — usually unrealistic — rates of economic growth as a way of avoiding unpopular political choices. We can do everything, because rapid growth and torrents of tax revenues will pay the bills. That’s Rosy’s message, and Donald Trump has eagerly embraced ...

Wall Street equity analysts sure are a gloomy lot these days. Based on the average estimate of forecasters surveyed by Bloomberg, they expect the Standard & Poor’s 500 Index to finish the year 1 percent lower than yesterday’s close. This is noteworthy because it’s so out of character. Most of the time — 82 percent during the past decade, to ...

  For a few years it seemed that Americans were moving to the cities, but now the trends are toward the suburbs once again. Long-turn trends favor suburbs even more. THE SHARING ECONOMY One reason is the rise of Uber and other ride-sharing services. Uber helps users virtually everywhere, but in cities there are subways and buses and walking might ...