The willingness of Hillary Clinton campaign’s to suggest that Russia has interfered in the U.S. presidential election — in the form of President Vladimir Putin’s supposed help for Donald Trump — exposes the weakness of the Democratic candidate’s presidential bid. The campaign is wasting ammunition on loud but inefficient accusations, instead of looking for avenues of attack that would ...

  Verizon’s purchase of Yahoo! for $4.83 billion, while an interesting exercise in combining content, networks and mobile services, highlights the broken norms for paying executives of U.S. corporations. The short version is that issuing and repricing of stock options compensates executives for bull markets rather than their own performance is absurd. When the deal is complete, Yahoo Chief Executive ...

  Noah Smith One of the core pieces of modern macroeconomic theory, handed down to us by the great Milton Friedman, probably missed the mark. And now it might be on the way out. And this shift has big implications for how we think about economic policy and finance. The idea is called the permanent income hypothesis (PIH). Friedman first ...