This year’s Jackson Hole Federal Reserve conference was a decidedly low-key affair given Ben Bernanke’s absence (and Janet Yellen’s successful effort to not make news). Nonetheless, there look to hav…

AIG’s bondholders got a huge break. That is an observation, not a criticism. The credit markets were not reacting well to Lehman’s bankruptcy filing. $85 billion is a lot of money. The terms…

There is little to be added to the scorn rightfully shown in the United States and in Israel (which has cut all ties to UNESCO) toward the UNESCO vote this week that in essence wipes out Jewish and C…