The World Bank’s president acknowledged for the first time publicly on Friday internal clashes at the international lending institution, where hundreds of rank-and-file economists and staffer have walked off the jobs in recent weeks to protest what they say is management secrecy over budgets cuts and a massive structural reorganization.
Business & Economy
Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers.
A federal court shot down a tea party group’s effort to permanently bar the Internal Revenue Service from targeting conservative groups for special scrutiny, issuing a ruling Thursday that says the tax agency has taken enough steps to correct the problem.
It takes a lot of taxpayer dollars to subsidize a culture. American taxpayers are spending tens of millions of dollars this year funding National Endowment for the Humanities grants that, among other things, finance research projects that look into the lives of pets during Victorian England, consider the history of black Americans in golf and study the culture of tea consumption in India.
The U.S. oil and gas industry is thriving despite efforts by the Obama administration and liberal environmental groups to undermine fossil fuel development and production, according to a Senate report released Thursday.