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Intel, the largest chip maker in America, with 2023 revenues of $54 billion, has just been awarded an $8.5 billion grant from the federal CHIPS and Science Act, plus $11 billion in favorable loans. In addition to badly needed microchips, Intel produces totally useless stock buybacks. On its website the company proud...

Mainstream economics is in "disarray."It ignores the reality of power, it neglects questions of equity, and its policy recommendations can be "little more than a license for plunder."That's the opinion of Angus Deaton, the British-American economist who won the economics version of the Nobel Prize in 2015.The 78-yea...

A pair of U.S. Internal Revenue Service agents are attempting to interview a billionaire they suspect of cheating on his taxes. But across the table from the agents is a formidable entourage of esteemed tax professionals hired to defend the billionaire. They include white-shoe attorneys — each of whom knows more abo...