The Secretive Industry Devouring the U.S. Economy
Private equity has made one-fifth of the market effectively invisible to investors, the media, and regulators.
The New Rules
Exploring the policies, people, and ideas reshaping the global economy
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Biden Says Goodbye to Tweezer Economics
Forty years of plucking out regulations didn’t deliver the growth that was promised. So the administration is trying something very different.
The College Backlash Is Going Too Far
Getting a four-year degree is still a good investment.
Airlines Are Just Banks Now
They make more money from mileage programs than from flying planes—and it shows.
What I Most Regret About My Decades of Legal Activism
By focusing on civil liberties but ignoring economic issues, liberals like me got defeated on both.
Book Publishing Has a Toys ‘R’ Us Problem
A private-equity acquisition will saddle Simon & Schuster with $1 billion in debt. What could go wrong?
These State Schools Also Favor the One Percent
Some of the universities that cater most egregiously to wealthy students turn out to be public.
The Local-News Crisis Is Weirdly Easy to Solve
Restoring the journalism jobs lost over the past 20 years wouldn’t just be cheap—it would pay for itself.
Biden Declares War on the Cult of Efficiency
New antitrust guidelines revive the old-fashioned idea that American life is about more than just buying lots of cheap stuff.
The Real Mystery of Bud Light
How did it become so popular in the first place?