The front page of the Wall Street Journal: Where eras go to die

Yesterday it was the GOP’s grip on the business vote: The Republican Party, known since the late 19th century as the party of business, is losing its lock on that title. Today it’s Wal Mart: The Wal-Mart Era, the retailer’s time of overwhelming business and social influence in America, is drawing to a close. What [...]

Bruce Bent on money funds and the securitization of trash

I had a chat Tuesday with Bruce Bent, the founder and chairman of The Reserve the Reserve Funds and inventor of the money market mutual fund. I wanted to hear what he thought about the mini-panic in money market funds that began in August, when there was talk that some money funds with investments in [...]