Breakingviews

Cox: Let the Chinese buy Chicago’s stock exchange

By Rob Cox
February 23, 2016

Congress is up in arms about an obscure Chongqing group swallowing the old but tiny Midwest bourse. It’s an outcry that badly misses the point. The deal will force the new owners to learn a thing or two about disclosure, robust regulation and the benefits of free capital markets.

New Chicago Skyway owners need long investing view

November 16, 2015

Ferrovial and Macquarie paid $1.8 bln in 2005, $1 bln more than the next bid. Now three Canadian pension funds are buying the Windy City turnpike for $2.8 bln. Thanks to extra debt, the sellers won’t see much profit on their equity. At least the buyers can afford to be patient.

Rob Cox: Can we Grand Bargain before going bust?

By Rob Cox
May 29, 2014

Kumbaya has broken out in Detroit: Michigan’s legislature, the UAW and even JPMorgan are chipping in to help the city emerge from bankruptcy protection. While good news, it’s also a sad comment on America’s broken political system that it takes so much failure to come together.