With a disgust commensurate with the fact, Michael Bennet, the Colorado Democrat, says that during 40 percent of his 10 Senate years the government has been run on “continuing resolutions.” Congress passes these in order to spare itself the torture of performing its primary function, which is to set national priorities. Bennet is too serious a person to be content ...

Car launches are 10-a-penny so it’s very rare that a particular model’s demise captures the world’s attention. The Volkswagen Beetle, the last of which rolled off the production line in Mexico this week, was no ordinary vehicle though. The downfall of the “People’s Car,” an icon of post-war German prosperity as well as the 1960s counterculture, is all the more ...

Day two of Federal Reserve Chairman Jerome Powell’s congressional testimony was much like the first. He reiterated that the economy is “in a very good place,” but that the central bank has room to lower interest rates to keep the expansion on track. As dovish as that may sound, the comments didn’t offer much comfort to bond traders – they ...