business roundtable

Cutting corporate tax rates and the deleting loopholes that let some companies pay little or nothing in taxes is just what most economists prescribe for the tangled U.S. tax code. So why isn't everyone cheering the plan President Obama unveiled Tuesday to do just that?

Morgan Stanley (MS) CEO John Mack just loves regulators -- can't get enough of them. Speaking Wednesday at a conference sponsored by Bloomberg News and Vanity Fair, Mack seemed to wish more regulators were camped out in his New York-based firm, watching its every move. He'd better hope that the...