Breakingviews

Trump’s Fed position befits a banana republic

By Rob Cox
May 6, 2016

The reality-TV veteran turned White House contender says Janet Yellen is following the right monetary policy, but he’d replace her because she’s not a Republican. That’s not only a break with decorum. It’s a red flag that a President Trump would meddle in central-banking affairs.

Financiers may want to keep a closer eye on Trump

May 4, 2016

The bellicose real-estate mogul has all but sewed up the Republican presidential nomination. Markets are pricing in a Hillary Clinton victory, however, as Carlyle’s David Rubenstein told an elite Beverly Hills gathering. Trump doubters have learned how the odds can swing quickly.

Scalia’s empty seat reverberates beyond Washington

February 26, 2016

Dow Chemical is paying $835 mln in a decade-old lawsuit that was heading to the Supreme Court. The company decided the conservative judge’s death changed the balance of the outcome and settled. It’s a reminder that politics surrounding the top U.S. bench has real-world effects.

Cox: How gun control is like zero interest rates

By Rob Cox
January 5, 2016

A White House order to require more dealers selling their wares at gun shows to conduct background checks has kicked off the third firearms bubble of Obama’s presidency. As in previous booms, bringing forward future demand stores up trouble down the road for the weapons trade.

Cox: Capitalism can help solve the gun problem

By Rob Cox
December 14, 2015

Squabbling U.S. Republican presidential contenders can’t seem to agree on much, but they all say they want to end crony capitalism. By repealing a law that uniquely shields gunsmiths from the disciplining force of liability lawsuits, they could let the free market save lives.

Wall Street has its 2016 White House empty vessel

November 2, 2015

U.S. presidential hopeful Marco Rubio’s tax-cut ideas have broad appeal, but his math is off. Hedgie and Republican Party donor Paul Singer, though, has just offered his support. That means he and other finance-industry backers may soon fill in Rubio’s hollow economic policies.

Valeant’s platform trembles beneath Ackman’s feet

October 19, 2015

The hedge fund manager bought a 5.5 pct stake because Valeant offered a cure for poor capital allocation by drugmakers. Now it’s scaling back on acquisitions, raising R&D and limiting price increases. The outsiders missed the political benefits to pharma’s spending.

Texas economy not proxy for whole of America’s

June 22, 2011

Rick Perry, the Lone Star State's governor, may run for president in 2012. And Texas boasts below-average unemployment and decent growth. But it also has no state income tax, a large energy sector and not too much housing trouble. Washington's bigger problems may not yield to Texan solutions.

Net neutrality compromise won’t calm new Congress

December 21, 2010

The compromise struck over writing Internet rules of the road gives telecom companies reasons to keep investing while also protecting consumers.

Republicans grudgingly refuse pork with their tea

November 17, 2010

Earmarks don't make up a big portion of the federal budget. But eliminating them is still an important step toward fiscal discipline.