President Barack Obama’s proposal this week for a $10-a-barrel tax on oil, which has been overwhelmingly rejected by Republicans, could make it easier for the next president to pass a carbon tax — by demonstrating how not to go about it. Obama made three mistakes. First, he targeted a single industry, and one that many Americans believe he doesn’t like. …

George Mason University economist Tyler Cowen has an intriguing blog post asking a deceptively simple question: You are an investor with $10 million planning to cash out in 20 years. A genie appears and offers to send you the price of one but only one asset 20 years from now to inform your investment decisions (a stock, currency pair, commodity, …

ABU DHABI / EMIRATES BUSINESS Abu Dhabi Islamic Bank (ADIB) has reported a net profit of AED 1,934 million for 2015, a 10.5 percent increase from a year earlier. The number of customers increased by over 100,000. This reflects the continued growth of ADIB’s main banking activities across all customer segments, particularly its ongoing penetration and targeting of the UAE’s …