These shells are worth a fortune, but the price in environmental damage and heightened military tensions in the South China Sea is vastly higher.
The president works the Fed some more. Plus share sales by energy CEOs and a slump in the lira.
Is it wise to remove what was essentially a singular, albeit very limited, yardstick for measuring chief executive officers' performance?
With the U.S. and Germany talking about issuing more debt, the end may be near for the bull market in stocks and bonds. Also, shareholder value takes a back seat.
In 1989, the Hungarians pushed an Iron Curtain open. This time, Orban has slammed it shut.