Bloomberg Iceland’s history is of booms and busts. So as the inhabitants of a volcanic rock in the middle of the North Atlantic ocean roar back from their 2008 economic meltdown (this latest boom was fed by tourism and construction), the talk in the streets is of what shape the next crisis will take and when exactly it will …

  Michael Flynn’s real problem isn’t the Logan Act, an obscure and probably unenforceable 1799 statute that bars private meddling in foreign policy disputes. It’s whether President Trump’s national security adviser sought to hide from his colleagues and the nation a pre-inauguration discussion with the Russian government about sanctions that the Obama administration was imposing. “It’s far less significant if …

  High-yield bonds have become the world’s hottest commodity as investors try to ride the global rally in stock markets. In Asia, however, that could mean dangerous times ahead. On Monday, Road King Infrastructure Ltd. raised $300 million selling dollar bonds to yield 7.95 percent. Preliminary price talk centered around the 8.625 percent mark but demand was so strong that …