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  • Capitalism and climate change

    For some of the people in New York this week demanding action on global warming, the menace is not just carbon dioxide. The real Tyrannosaurus Rex is the American economic system.

  • Ryanair shares rise as airline raises outlook

    DUBLIN (AP) — Ryanair says it plans to carry an extra 1 million passengers this year and has raised its profits outlook on the back of wide-ranging service improvements that have boosted sales and filled more aircraft. The Dublin-based carrier told its annual general meeting Thursday that it...

  • H&M eyes further expansion in US, China

    STOCKHOLM (AP) — Fashion retailer Hennes & Mauritz AB said Thursday it plans to expand its business over the coming year by increasing online sales and opening new stores, particularly in its largest markets, the U.S. and China. CEO Karl-Johan Persson says the Swedish company is in a "very...

  • Illegal activities boost Spain's GDP by $11 bln

    MADRID (AP) — Spain's National Statistics Institute says money generated by drug trafficking, prostitution, smuggling and illegal gambling contributed some 9 billion euros ($11.4 billion) to the national economy last year. The institute said Thursday that the country's gross domestic product is...

  • US durable goods fell 18.2 percent in August

    WASHINGTON (AP) — Orders for long-lasting manufactured goods slumped in August as demand for commercial aircraft descended from record highs, but investment plans by businesses posted promising gains. Durable goods orders fell 18.2 percent in August following a 22.5 percent jump in July, the...

  • New Mexico official proposes rules on crowdfunding

    ALBUQUERQUE, N.M. (AP) — A New Mexico securities regulator wants the state to adopt rules allowing New Mexico businesses to raise capital through online crowdfunding from state residents. The Albuquerque Journal (http://bit.ly/YataiL ) reports that Securities Division Director Alan Wilson is...

  • Asian stocks up as US data boost sentiment

    SEOUL, South Korea (AP) — Asian stock markets were mostly higher Thursday after a surge in new home sales in the U.S. bolstered sentiment. But gains were limited by worries about Europe's stagnant economy and violence in Iraq and Syria. KEEPING SCORE: Japan outperformed the region with the...

  • Treasury approved millions in raises to GM executives as taxpayers lost billions

    In addition to the millions for the top executives, Treasury approved more than $500,000 in pay for the top 47 senior employees at the companies, according to a report released Wednesday by Christy Romero, special inspector general for the Troubled Asset Relief Program.

  • US recover, shaking off a three-day slump

    NEW YORK (AP) — The stock market had its best day in a month, shaking off a three-day slump. The Dow Jones industrial average gained 154 points, or 0.9 percent, to 17,210 Wednesday. The Standard & Poor's 500 index rose 15 points, or 0.8 percent, to 1,998. The Nasdaq composite rose 46 points,...

  • White House readies minimum wage rule for contractors

    A posting on the Office of Management and Budget's website has indicated that the rulemaking is in its final stage, meaning the announcement could come within days.

  • Sales of US new homes soar in August

    WASHINGTON (AP) — U.S. sales of new homes surged in August, led by a wave of buying in the West and Northeast. The Commerce Department said Wednesday that new-home sales climbed 18 percent last month to a seasonally adjusted annual rate of 504,000. The report also revised up the July sales rate...

  • Treasury: New tax changes to stop inversions

    In a highly anticipated executive action, Lew said the Treasury Department was taking "initial steps that we believe will make companies think twice" about moving their headquarters abroad for tax purposes.

  • US existing home sales fall in August

    WASHINGTON (AP) — Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million, the National Association of Realtors said Monday. That snaps a...

  • US stocks open lower on weakness in China

    NEW YORK (AP) — U.S. stocks are opening lower as investors worry about some soft economic data from China and a profit warning by the British retailer Tesco. The Dow Jones industrial average fell 19 points, or 0.1 percent, to 17,259 as of 9:35 a.m. Eastern time Monday. The Standard & Poor's...

  • New bank rule would be costly for cities, states

    The liquidity coverage rule would require banks to hold enough safe, liquid assets that would be sellable even in a crisis to fund their operations for at least 30 days.



From the Weekly Standard