Up and down the Atlantic coast, US ports are abuzz. Dredging machines, tunnel excavators, and highway pavers from Miami to New York are preparing metropolitan economies and their ports for a newly expanded Panama Canal. As the thinking goes, an expanded Canal promises bigger ships, bigger cargo loads--and each metro wants a piece of the bigger business.

Deloitte member firms receive more awards than any other organization at the 9th annual International Tax Review European Tax Awards.

My colleague Jeremy Warner has set off a storm in the Spanish press and something close to a diplomatic incident by asserting in a blog that Spain is insolvent.