It’s been an exciting distraction while everyone is working from home but the actual ability of the Reddit mob to move markets, become a systemic risk or justify the absurd
Vaccine nationalism is escalating in a world where Covid-19 is everywhere, yet the life-saving medicines needed to fight it are scarce. The temptation to hoard doses is rising, but that
All politics is becoming vaccine politics. But vaccines are turning out to be more scarce in Europe, so the politics there will turn out to be more vicious than in
China flew a significant force of bombers and fighters near the Taiwan Strait over the weekend, one of the largest in an escalation of nerves over several months but more important as a
That was almost … normal. And, as presidential inaugurations go, nicely done. Three excellent musical performances, an outstanding poem from Amanda Gorman, fully appropriate prayers from clergy. The Capitol balcony filled with distinguished
Every identity document brings its own dystopia. Austrian author Stefan Zweig, who saw the modern passport change international travel after the First World War, wrote: “Formerly man had only a body
Jane Fraser is about to join an elite group. From next month, she’ll be one of a handful of women pulling strings in global finance. But the incoming Citigroup Inc.
Reconciliation is breaking out across the Middle East. A Saudi-led quartet of Arab states has ended a three-and-a-half-year embargo of Qatar. Turkey is seeking accommodations with France, Greece, Israel, Egypt, the United Arab Emirates and Saudi Arabia after
Wary of billion-dollar defaults, China does not want its daredevil real estate developers to take on any more debt. Banks have been asked to limit their housing loan exposure, while developers
Lately I’ve been thinking about Sarah Connor and motherhood. She’s the Los Angeles waitress in the “Terminator” film series who, upon learning that her as-yet-unborn son must survive in a
It’s a spectacle that precisely captures America’s current dysfunction: Nothing is really happening in Congress today , yet something is being irreparably broken all the same. In its first joint session, the
The bigamy conviction got a lot of the attention but Lai Xiaomin received a death sentence on Tuesday over a much more serious issue troubling China. Lai oversaw China Huarong Asset Management
What’s more shocking? Kicking out Chinese companies listed in the U.S., or a sudden U-turn from one of America’s biggest stock exchanges on its plan to do so? The final days
They say that hindsight is 20/20, and like many, I can’t wait for 2020 to become hindsight. But for math geeks like me, one thing was sure in a year of so much uncertainty — admittedly
Let’s get down to brass tacks: Sending $2,000 in direct payments to Americans is a politically effective but economically inefficient way to provide needed relief to workers and families. When Congress
Watching the U.S. Covid-19 data every day, as I tend to do, has been a grim ritual. In my neighborhood, in the places where my friends and family live and
The completion of the long-awaited Brexit trade deal comes just as U.K. markets closed for the Christmas break, but things are set fair for next year when liquidity returns. The pound
What would happen if Facebook disappeared tomorrow? Would people suddenly be unable to communicate online? Would the economy screech to a halt? Would anyone be deprived of a good, service
The world needs China more than ever. Thank goodness it’s showing up: Economic data released yesterday all looked strong and in line with forecasts. The upbeat projections for a strong global rebound
President-elect Joe Biden’s pledge to rejoin the Paris climate agreement sends an important signal to the world about U.S. leadership. But the action will merely take us back to four
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