The Treasury Department is apparently looking into using its regulatory power to change the way taxes on capital gains are assessed. The idea is to confine the taxes to real, inflation-adjusted gains, not nominal gains, as now. There’s a particle of sense in this notion, but it’s buried miles deep in bad faith and bad economics. The change would amount ...

Apple Inc has been a profit geyser well before it was valued at the $1 trillion milestone the company reached . Even Warren Buffett is impressed. “It is an unbelievable company,” the legendary investor and Apple stockholder said in May as he marveled that Apple earns almost twice as much as the second-most profitable company in the US. Buffett is ...

Almost three decades ago, the Texan oilman T. Boone Pickens attempted to charge into a Japanese boardroom. He had accumulated around one-third of the company – worth almost $1 billion at the time – yet a seat at the table eluded him. There was nothing to force the directors to accept him. Japan Inc has come a long way since ...