The Insurrection Act of 1807 has always been one of the most powerful, least-used tools in the U.S. President's arsenal. It allows the Commander-in-Chief to deploy federal troops within the United Sta...
Only a few US Presidents have pulled it off - winning the Nobel Peace Prize. It is one of the rarest honors in American politics, given to leaders who pushed for peace instead of power. So who made th...
Japan's real estate bubble of the late 1980s remains one of the most spectacular asset booms in modern history. Fueled by cheap money, speculative euphoria, and overconfidence in Japan's unstoppable e...
The United States has seen more than a dozen government shutdowns in modern history, but the longest one stretched on for 35 days between late 2018 and early 2019. What triggered it? The fight over a ...
How have the markets handled government shutdowns in the past? You might think that traders would panic at the thought of Washington grinding to a halt. The reality has been far more subdued. The U...
The salad oil scandal of 1963 nearly destroyed American Express. A fraud involving tanks of soybean oil, water, and forged warehouse receipts cut deep into the financial system. AmEx, then a major iss...
Most business plans are forgotten. Some are laughed out of the room. In the case of Raising Cane's, the idea was graded at the bottom of the class. Todd Graves was a finance major at LSU in the mid...
Chris Collins was a sitting U.S. Congressman when he became the first to be indicted for insider trading while in office. The case centered on a small biotech called Innate Immunotherapeutics, an Aust...
In the 1970s, Harley-Davidson was on the ropes. The company, once synonymous with American motorcycles, had been acquired by American Machine and Foundry (AMF) in 1969. AMF saw Harley as a brand with ...
By 2008, Starbucks was everywhere. Thousands of stores worldwide. The "third place" between work and home. A symbol of American consumer culture. But the company was also in trouble. Too many stores, ...
In 1943, a military transport plane left Washington, D.C. carrying an unusual passenger list. On board were several judges and government officials. The plane never made it to its destination. The ...
The 1968 presidential election was one of the most chaotic in U.S. history. Richard Nixon won the White House. Hubert Humphrey finished second. But the biggest shock came from third-party candidate Ge...
America Online is ending an era. The company announced that it will be winding down its dial-up internet service. Yes, dial-up. The kind that screeches and clicks before finally connecting. F...
The Smoot-Hawley Tariff Act, passed in 1930, sharply raised US import duties on thousands of goods. The goal was to protect American industries during the early days of the Great Depression. Instead, ...
In 1786, the United States was drifting. The Articles of Confederation had created a weak national government. Economic turmoil, internal dissent, and lack of federal authority were threatening the...