Find the Meaning of Life … At a Flea Market?

“Flea markets proliferate a volume of goods needing to be sold and people who are hungry — emotionally and aesthetically — to sort out the meaning of life … For most people who go on these ritualized scavenger hunts looking for something that they may not know exists, it is a kind of pilgrims’ process through the detritus of the past.”

Will Big Oil Get A Bigger Tax Bill?

You can practically set your watch by it. As petroleum prices soar—and with them, oil company profits and pain at the gas pump—sooner or later members of Congress will haul Big Oil executives into a hearing and Demand That Something Be Done. It happened in 2008, the last time oil prices breached the $100 a barrel mark, and on …

Raj Gets Nailed. The Ratings Agencies Beat the Rap

So the Feds got their big fish. The takedown of Raj Rajaratnam for insider trading is going to give U.S. Attorney Preet Bharara plenty of momentum in using an old prosecutorial weapon to go after a new set of miscreants. Rajaratnam was fried by his own words, obtained by the kind of wiretap that the prosecutors use to go after Mafiosi, …

Are High Oil Prices Good for U.S.-China Trade?

The U.S. trade deficit climbed 6% in March, according to numbers out from the Commerce Department. But the widening trade gap, the highest since June 2010, may not be as worrisome as it seems. Much of the jump has to do with the recent uptick in oil prices, which makes the U.S. bill for oil imports more expensive. But if you take oil …

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