In the late 18th century, French philosopher Jean-Jacques Rousseau wrote about the existence of a “social contract” between citizens and the government. A similarly unwritten set of rules exists between generations: Children promise they’ll take care of their parents, because they expect to be treated the same in the future. A new report by the Intergenerational Commission, a group of ...

UK house prices fell the most in eight years in April. That hasn’t stopped the parent company of shouty British tabloid the Daily Mail securing a 14-fold return from the property industry. Daily Mail & General Trust Plc says it will have pocketed 890 million pounds ($1.2 billion) from its 30 percent stake in ZPG Plc – owner of popular ...

The best reality TV show in Australia right now is the televised hearings of the Royal Commission into Australian banks. The formal public inquiry, led by a retired judge with broad coercive powers, has uncovered a litany of wrongdoing including bribery and fraud rings, poor lending practices, and pervasive lying to regulators. The most startling revelations relate to financial planning ...