The announcement has sparked fears of a return to the hyperinflation that wrecked the economy several years ago.
More people would turn in their taxes if the government went ahead and filled out the forms for them, research shows. Richard Thaler, a behavioral economist, explains the counterintuitive things he’s learned by studying our deeply irrational behavior.
An improving economy and declining unemployment mean that Ireland is finding its footing again, and looking to close a controversial loophole that let huge corporations avoid taxes there. But some Irish people think all's fair in love and finance, and want the so-called 'Double Irish' to stay.
Argentina has South America's third-largest economy, but many of its financial decisions are now subject to the review of a New York court. That's because Argentina turned to American firms to borrow money, and the US legal system now gets to decide how its debts will be handled.
Already one of the world’s major financial centers, London is now going after an even bigger piece of the pie — Islamic finance. The sector is growing by 30 percent a year, so British government officials are pushing for a public, high-profile campaign to establish the city as a hub.
Six years ago, derivatives trader Jerome Kerviel made some bad trades — very bad trades that cost his bank nearly $7 billion. Now he faces prison and perhaps paying it back. So he's decided to take a long walk, from Rome to Paris.