The Fed’s decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called “stress tests” are secret. Based on facts that are public knowledge, the banks are actually…
Despite the recent calamitous events in Japan, Warren Buffett sees a “buying opportunity” in the country’s stocks. Beware of taking his advice, however. If you are investing for a short-term killing, you are likely to be disapp…
Everyone knows that the typical American household has been running in place or falling behind financially, thanks to stagnant wages and rising prices. But a new study from the the Economic Policy Institute shows that the probl…
One of Japan’s best-known exports, its unique style of animation, faces a new crisis — a disruption in production following the recent earthquake and tsunami. The multi-billion-dollar “anime” industry has already been challeng…
Markets in Hong Kong and China climbed Monday. Hong Kong’s Hang Seng Index rose 1.7% to 22,685 and China’s Shanghai Composite Index inched up 0.1% to end the day at 2,909. Japanese markets were closed today, taking a much-neede…