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By Jay L. Zagorsky, Senior Lecturer, Questrom School of Business, Boston University On January 17, 1920, one hundred years ago, America officially went dry. Prohibition, embodied in the U.S Constitution’s 18th amendment, banned the sale, manufacture and transportation of alcohol. Yet it remained legal to drink, and alcohol was widely available throughout Prohibition, which ended in 1933. I am reminded of how easy it was to drink during Prohibition every time I go to the hotel in New Hampshire that hosted the Bretton Woods Conference, which created the modern international monetary system after World War II. The hotel, now...

Republicans decided on January 7 to place only President Donald Trump’s name on Wisconsin’s primary ballot this spring, making it a challenge for any long-shot GOP candidates to run against him in the state. A committee made up of Republicans and Democrats met with state election officials in the state Capitol to decide which candidates will be listed on the April 7 primary ballot. The Republican committee members submitted only Trump’s name, and he was approved on a unanimous voice vote. The Democratic committee members submitted 14 candidates, including Joe Biden, Michael Bloomberg, Bernie Sanders, Amy Klobuchar and Elizabeth...

Almost immediately after the United States assassinated Iranian General Qassem Soleimani in a drone strike on January 2, major American weapons manufacturers and defense contractors, from Northrop Grumman to Lockheed Martin to Raytheon, saw their stocks surge as investors sensed the growing likelihood of another costly and deadly war in the Middle East. The surge in defense stocks was readily highlighted on corporate television programs like Fox Business and in publications like Investor’s Business Daily, which noted that “Northrop Grumman (NOC) and Lockheed Martin (LMT) were big winners in Friday’s stock market trading, along with Raytheon stock.” “Northrop Grumman...