Many people knew this was coming. Cryptocurrencies had one of the worst days in their short history last week. Bitcoin’s price careened, plunging 31% before recovering to a loss of about 10%. Ethereum, Dogecoin and Binance Coin all fell about 20%. The reasons why are still being sorted; crypto is a relatively new market and we don’t have much data ...

Recycling is “dead,” say the obituaries. And if it’s not dead it’s “broken,” “not working,” “in the bin,” “failing,” a “charade,” “a lie,” and of course “too good to be true.” This gloomy narrative has gained momentum over the past three years as cities struggled to find places to send the stuff that people toss in their blue bins. Some ...

Governments wanting to stop big businesses from shifting profits to low-tax jurisdictions have a carrot and a stick at their disposal. The stick involves regulating practices such as corporate inversion, aggressive transfer pricing and license royalties so that tax avoidance is effectively outlawed. The carrot involves lowering your own tax rates so that the advantages of moving profits offshore disappear. ...