A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.

If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.

The availability of private insurance provides tremendous insulation for millions of individuals

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.

Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.

With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.