Bloomberg The Obama administration’s decision to forgo auctions of new oil and gas drilling rights in U.S. Arctic waters deals a blow to energy companies seeking to lock up new territory beyond the long-explored Gulf of Mexico. Interior Secretary Sally Jewell said the move, announced on Friday, strikes the right balance, by sustaining oil and gas development in the ...

  Alan Greenspan, the former chairman of the Federal Reserve Board, weighed in last week on one of the pressing issues facing the Trump administration and the country — slow economic growth. Greenspan’s explanation is novel and is bound to be controversial. To preview: He blames the welfare state and overall uncertainty for the slowdown. Why should we listen to ...

  The U.S. immigration system needs reform, and President-elect Donald Trump might be just the man to do it. Although research shows that low-skilled immigration — agricultural laborers, janitors, construction workers and the like — isn’t that bad for working-class Americans, it’s now clear that very few Americans are going to listen to what the research says. Working-class people want ...