Central bank purchases of traditional reserve assets still dwarf sovereign wealth fund purchases of riskier assets -- as well as central bank purchases of equities. But over time, it is reasonable …

Sovereign funds argue that they are only interested in financial returns. And to be sure, they do care about financial returns. Losing money generally isn’t good for a sovereign fund’s long-term h…

The New York Times reports this morning on the perennial battle over energy subsidies. In addition to a lovely quote from this blog, the Times has this from American Petroleum Institute (API) preside…