Members of the US Congress rightly have been asking how countries that value security and freedom might remove Russia from the United Nations Security Council. In fact, it’s not impossible, as some have argued; or even unprecedented. In 1990, when Iraq’s Saddam Hussein invaded Kuwait and tried to wipe that country from the face of the earth, the Security Council ...

When Porsche tried in 2008 to take over (much larger) Volkswagen AG using opaque financial derivatives, analysts pejoratively dubbed it a “hedge fund” that also makes sports cars. The bid was unsuccessful. Now Porsche is part of Volkswagen, and the parent could almost be described as a “credit giant” with some car brands attached. This structure, though, is doing wonders ...

  You may not feel it yet, but if you’re an American homeowner you’re probably a good bit richer after the dizzying run-up in housing prices last year. But how do you tap into your newfound wealth? And should you? US homeowners gained an average $55,300 in their home’s value (minus their mortgage) in 2021. In some especially hot cities, ...