Emerging Markets

Sochi: Worst Olympics Travel Destination Ever?

It’s a nightmare to get there. Hotels aren’t ready for guests. The visa alone costs over $200 if you want it processed in a reasonable time frame. When you get there, don’t expect to be able to ski. Then there’s the risk of

Why Gas Prices Aren’t Soaring

American drivers have come to expect that strife in the Middle East equates to a spike in gas prices at home. It looks like we’re about to bomb Syria. And yet gas prices haven’t jumped — and analysts say they probably won’t. In fact, all signs indicate that prices at the pump will plummet, perhaps by more than 20%, in the months ahead.

Market Reality Check

The market craziness continues, with stocks down, commodities crashing, and bond yields rising. As usual during such periods, wild theories about what’s happening abound: The U.S. recovery is a mirage; China is having a Lehman Brothers-style meltdown; etc.

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