BuzzLog

Bet on UniCredit for Europe's Banking Recovery

By Paul J. Davies Paul J. Davies The Wall Street Journal Biography @PaulJDavies paul.davies@wsj.com December 11, 2017 0 COMMENTS The threat of higher capital charges isn’t over for European banks, but Italy’s biggest lender can take this in its stride. Europe’s lenders got a good result in the end from the long battle to tighten global capital rules that ended last week. However,...Read More

Toshiba and Western Digital Should Gain From Burying the Hatchet

Toshiba and Western Digital have finally realized it is better to have an ally than an enemy in the competitive memory-chip industry. The two companies, which own a joint venture that produces NAND flash-memory chips used to store data, have agreed to settle their dispute over Toshiba’s planned $18 billion sale of its memory-chip unit, according to The Wall Street Journal. Western Digital, w...Read More

The Fed Versus Tax Cuts

Federal Reserve Chair nominee Jerome Powell testifies before the Senate Banking Committee last month. Photo: Ron Sachs/Zuma Press By Justin Lahart Justin Lahart The Wall Street Journal Biography @jdlahart Google+ Justin.Lahart@wsj.com Dec. 12, 2017 9:25 a.m. ET 0 COMMENTS The Republican tax plan has been driving the market. The Federal Reserve could be next behind the wheel. The tax plan’s f...Read More

Why Westfield's Storied Shopping Mall Family Is Selling Out

An octogenarian Australian billionaire wants to sell a chunk of his key U.S. and European assets, as technology upends their future. The company is currently headed by two of his children as co-chief executives, but now they seem to want to go separate ways. This isn’t the story of Rupert Murdoch’s talks to sell 21st Century Fox to Disney, but that of Frank Lowy and his Westfield Group...Read More

New York Gets Lucky Again

Gov. Andrew Cuomo and New York City Mayor Bill de Blasio speak at a press conference as police respond to a reported explosion at the Port Authority Bus Terminal, Dec. 11. Photo: bryan r. smith/Agence France-Presse/Getty Images By The Editorial Board Dec. 11, 2017 6:39 p.m. ET 188 COMMENTS For years after the 9/11 destruction of the World Trade Center towers, it was a point of civic pride among Ne...Read More

Hooray for Bitcoin (but Don't Buy It)

The price of bitcoin broke $19,000 last week, and traders and speculators are giddy. Fortunes are being made. But in the long run, the smart bet is against bitcoin, for at least four reasons. First, bitcoin is too volatile to be a reliable store of value. National currencies rest on the real productivity and fiscal capacity of citizens. With bitcoin there is no there there—only some kind of ...Read More

How to Prevent the Next Mideast War

Brussels Europe’s borders are bloody. From Ukraine in the east to Libya and Syria in the south, war has brought mass migration, terrorism and political instability to a continent ill-equipped to do much about the underlying problem. Yet while the European Union’s soft power can’t stop conflicts, it could help prevent the outbreak of a new one—between Israel and Iran, aided ...Read More

Macron's Polling Revival

By The Editorial Board The Editorial Board The Wall Street Journal Biography @wsjopinion Dec. 11, 2017 6:41 p.m. ET 24 COMMENTS French President Emmanuel Macron gives a speech as he attends the ‘Tech for Planet’ event in Paris, Dec. 11. Photo: wo/pool/EPA/Shutterstock Something remarkable is happening in France: Emmanuel Macron is becoming popular again. Recent polls show the French Pr...Read More

Fracking Our Way to Mideast Peace

Whatever you think of President Trump’s decision to recognize Jerusalem as Israel’s capital, it points to the most important strategic reality in the Middle East: Arab power has collapsed in the face of low oil prices and competition from American frackers. The devastating oil-price shocks of the 1970s, orchestrated by the Organization of the Petroleum Exporting Countries, nearly wreck...Read More

Let Mueller Keep Digging

At a moment when the special counsel’s team is busy calling its own fairness and impartiality into question, why would Donald Trump even think of firing Robert Mueller? When the special counsel picked his team, almost half the lawyers he selected had donated to Hillary Clinton. Legally that may not be disqualifying. It was, however, highly imprudent for a man presiding over the nation’...Read More