We show that financial sector bailouts and sovereign credit risk are intimately linked. A bailout benefits the economy by ameliorating the under-investment problem of the financial sector. However, ...
He will now officially take office as a "convicted felon." "This is a pyrrhic victory for Democrats, who were hellbent on arguing in the public square that as a convicted felon, Donald Trump was ...
But gloomy headlines obscure the reality: Shell’s win in the courts was welcomed by its CEO—but it may turn out to be a Pyrrhic victory that lays the legal foundation for tightened corporate ...