Private equity firms aren't necessarily evil by definition. There are many stories of successful turnarounds fueled by private equity, often involving multiple floundering businesses that are rolled into a single entity, eliminating duplicative overhead.

What we Americans go through to pick a president is not only crazy and unnecessary but genuinely abusive. Hundreds of millions of dollars are spent in a craven, cynical effort to stir up hatred and anger on both sides.

Everybody I knew, practically, was a journalist when I was a kid - my father, all of his friends. I never wanted to be like those people.

There are times when American politics seems like little more than two groups in a fever to prevent each other from trespassing upon their respective soothing versions of unreality

'Prop trading' is just a fancy term for banks gambling in the market for their own profit.

One of the great cliches of campaign journalism is the notion that American elections have long since ceased to be about issues and ideas.

If the law doesn't apply equally to everybody, then you don't really have a system of law.