By all means, let’s have a carbon tax. It’s the best way to deal with global climate change. It would require Republicans and Democrats to compromise — a good thing — and would provide revenues for a government that desperately needs more revenue. Fine. But let’s not pretend that a carbon tax is a panacea for either climate change ...

  Clients come first. In investment banking, a world where dealmakers spend years (or even decades) cultivating relationships with company executives, that mantra rings loud and clear. Bankers advising on mergers and acquisitions have historically tied their fates to that of clients, generally pocketing the bulk of their fees only when a deal crosses the finish line. It’s an outcome ...

  To recap a few anarchic days in Donald Trump’s Washington: At least six agencies are investigating Trump’s ties to Russia. The president is deriding the spies. The spies are keeping secrets from the president. The White House is mulling a purge. Everyone is leaking to the news media. And no one has any answers. If there’s one certainty in ...