Starting in 2007, Sovereign Wealth Funds (SWFs) from Asia and the Middle East have invested billions of dollars in major U.S. financial firms. The primary driving force behind their growth is rising commodity prices, in particular oil. Given that SWFs represent a relatively new, cash-rich...

The Air Transportation Stabilization Board has followed its legislated mandate to provide appropriate stabilization to airlines for negative effects from the September 11 tragedy, but has not mission crept into saving airlines from pre-9/11 maladies. A laissez-faire libertarian who...