He Killed His Molester as a Teenager. Should He Be Spared Deportation?
Marco Flores was months away from finishing his prison sentence when an immigration agent showed up last spring at the maximum-security Souza-Baranowski Correctional Center, west of Boston, and handed him a sheaf of papers. The documents confirmed what he had long feared: Upon his release, the U.S. government planned to deport him to his native […]
The Welfare-Industrial Complex Is Booming
Dec. 31, 2023 11:23 am ET Drill into the nation’s 3.7% unemployment rate, and you’ll find a growing welfare-industrial complex beneath the seemingly strong labor market. Government, social assistance and healthcare account for 56% of the 2.8 million net new jobs over the past year, and for nearly all gains in blue states such as […]
The Lesson of 1975 for Today's Pessimists
Things always seem dark and desperate before a new age of innovation kicks off. Source link
Electric Scooter IPO to Test Enthusiasm for India’s EV Story
An initial public offering planned for next year in India could be a crucial test for the country’s budding electric-vehicle market. India’s Ola Electric, which makes two-wheeled electric scooters, filed in late December a draft prospectus for a public listing, seeking to raise about $662 million. It will become the first EV maker to list […]
These Rogue Worlds Upend the Theory of How Planets Form
“We know from direct imaging searches of young stars that very few stars have giant planets in [wide] orbits,” Bate said. “It is difficult to accept that there were many large planetary systems in Orion to disrupt.” Rogue Objects Abound At this point, many researchers suspect there’s more than one way to make these strange in-between […]
Auto Insurers Can Go With the Flo
Those ubiquitous insurance ads, with characters like Progressive’s Flo, or Geico’s Gecko, were probably a bit harder to spot in 2023. Home-and-auto insurers faced tough conditions as they worked to increase their rates to keep up with some fast-rising claim costs and cut back on marketing spending. But with underwriting performance at Progressive steadying in […]
‘This Can’t Go On for Much Longer.’ Private Equity’s Deal Lament
Private-equity firms usually drive dealmaking on Wall Street. In 2023, they sat it out. High interest rates put many new deals out of reach. Shaky market conditions made it hard for firms to cash out of current investments. And some of their investors have been pulling back. Copyright ©2023 Dow Jones & Company, Inc. All […]
20 Things That Made the World a Better Place in 2023
It’s been hard recently to think about anything other than the wars and humanitarian crises raging around the world. Climate change has left its mark in what was almost certainly the hottest year in human history—there were unprecedented heat waves, intensified forest fires, torrential rain, and floods like those in Libya that caused devastation after […]
Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
Head of state. Commander in chief. Oil-trading whale? President Biden’s unprecedented release of oil from America’s petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market. The flood of emergency supplies helped arrest surging oil prices after Russia invaded Ukraine, and pulled billions of dollars into the […]
Inmates of Chile’s Largest Prison Find Solace in Caring for Stray Cats
Some say they were first brought in to take out the rats. Others contend they wandered in on their own. What everyone can agree on — including those who have lived or worked at Chile’s largest prison the longest — is that the cats were here first. For decades, they have walked along the prison’s […]