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Italy’s center-right leaders agree to talk to Five Star

Bloomberg Italy’s center-right alliance led by the euroskeptic League has taken the first step toward negotiating with the anti-establishment Five Star Movement, raising the prospect of a populist administration which investors regard with alarm. League leader Matteo Salvini has been given a mandate by his partners in the bloc to talk to Five Star and the center-left Democratic Party, spokesmen ...

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House Russia probe dissolves into fight over public transcripts

Bloomberg Now that Republicans have terminated the House Intelligence Committee’s Russia probe, the biggest outstanding question is whether the public will ever see transcripts from dozens of its closed-door witnesses. Republicans on the Intelligence panel are reversing their earlier plans to release those transcripts, while Democrats say they plan to attach the documents to their final report. With Republicans and ...

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How powerful is the Fed?

It is March 2009. The American economy is rapidly collapsing. The previous month, payroll jobs had dropped by a staggering 650,000. The grim outlook stokes gallows humour. Federal Reserve chairman Ben Bernanke receives a call from a top Fed official. “Do you want some good news?” the official asks. “Please,” Bernanke responds. “Call somebody else.” In this desperate climate, the ...

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