Debt forgiveness is one of the most important innovations of modern capitalism, but it is a fairly recent one. Though the Constitution gives Congress explicit authority to enact “uniform Laws…
A prison fire in Honduras killed 359 people, making it the deadliest such fire on record. An inmate was reported to have started the fire after phoning the state governor’s…
A Christian martyr. Republican presidential candidates Mitt Romney and Newt Gingrich released their most recent tax returns. Romney’s showed that he made $21.6 million in 2010, paid taxes at a…
A kinkajou, 1886. After weeks of infighting, Congress passed a two-month extension of the payroll-tax cut. House Republicans, who had rejected a nearly identical measure days earlier, were left divided…