The Capital of Sprawl Gets a Radically Car-Free Neighborhood

Phoenix, that featureless and ever-spreading tundra of concrete, has been called “the world’s least sustainable city.” It has been characterized as a “sprawling, suburbanite wasteland” and “a monument to man’s arrogance.” The Onion has darkly predicted that by 2050, “most of Earth’s landmass” will be swallowed by the encroaching Phoenix exurbs. The Walk Score index … Read more

A Biden Win Could Renew a Democratic Split on Trade

WASHINGTON — Joseph R. Biden’s presidential campaign has unified the Democratic Party around a shared goal of ousting President Trump from office. But as the campaign nears an end, a deep split between progressives and moderate Democrats on trade policy is once again spilling out into the open. As the Biden transition team begins gearing … Read more

Recession’s Silver Lining: American Households Are Doing Better Than Expected

For months, Americans have barely dined at restaurants or traveled for vacation. There have been no ballgames or concerts to attend. Gym and other memberships mostly remain frozen. Forced into lockdown mode by the coronavirus, people put big purchases on hold and scaled back their spending. Around the same time, mortgage lenders, student loan collectors … Read more

Apple, Google and a Deal That Controls the Internet

OAKLAND, Calif. — When Tim Cook and Sundar Pichai, the chief executives of Apple and Google, were photographed eating dinner together in 2017 at an upscale Vietnamese restaurant called Tamarine, the picture set off a tabloid-worthy frenzy about the relationship between the two most powerful companies in Silicon Valley. As the two men sipped red … Read more

Goldman Sachs Unit Pleads Guilty Over Fraud Scheme

Goldman Sachs admitted its Malaysian subsidiary “knowingly and willingly” conspired to violate the Foreign Corrupt Practices Act because some former employees paid bribes to officials in connection with the looting of a sovereign wealth fund, a scandal that toppled that country’s leader and triggered criminal cases that spanned the globe. The subsidiary pleaded guilty to … Read more