Recent Posts

ECB must stop the rot in Italian bonds

“Whatever it takes.” Those three symbolic words were uttered by European Central Bank President Mario Draghi in July 2012, and European bonds have benefited hugely from the “Draghi put” ever since. Italy has revived existential questions about the bloc. The latest twist in this drama looks to be the agreement between Five Star and the League on a prime minister, ...

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Zuckerberg won only half the battle in Brussels

Facebook CEO Mark Zuckerberg had two priorities heading into a hearing at the European Parliament on Tuesday. First, he had to avoid a serious gaffe that could be replayed again and again as a soundbite on the evening news. Second, he had to convince lawmakers that Facebook Inc. is doing enough to counter fake news, foreign interventions into elections and ...

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As the world warms, not everyone stays cool

The grid operator that delivers power to most of Texas set an all-time peak electricity demand record this week for the month of May. Hot weather, a healthy economy and a growing population have all given Electric Reliability Council of Texas Inc. reason to expect record-breaking summer usage. The main driver of warm-weather peaks is air conditioning. Joshua Rhodes of ...

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