Bloomberg The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the UK. While price-growth and activity may be slowing amid the uncertainty, almost every other major urban area in the country is still experiencing a rising market, according to Acadata. It’s a national divide that’s all too apparent to real estate ...

Bloomberg The US posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year. The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of ...

We Americans are all socialists now. That’s news. Since at least 1906, scholars have contended just the opposite. What happened in 1906 was that Werner Sombart, a now-obscure German sociologist, published a book titled “Why Is There No Socialism in the United States?” Unlike Europe, America was hostile to socialism, Sombart argued. Prosperity was one cause; it weakened revolutionary consciousness. ...