Opinion

  The arrival of the earliest English settlers in Jamestown is one of the cornerstones of American history. But few people know that the voyage was inspired and made possible by a financial innovation — the joint-stock company — that emerged in direct response to Queen Elizabeth’s outreach to the Muslim world. The Virginia Company was chartered by King James ...

  Nationalizing your biggest bank is never a happy affair but, if you have to, do it quickly. Ukraine moved swiftly last weekend — alongside the International Monetary Fund — to clean up its banking system by taking over Privatbank, securing a stable deal for depositors and preventing systemic risk. There was a $5.5 billion capital shortfall to be filled, ...

  For decades, practitioners of traditional Chinese medicine (or TCM) have disputed accusations that their craft is a pseudo-science, a placebo, exploitative of endangered species, poisonous and ineffective. Now China’s government is fighting on their behalf. On Christmas Day, it passed the country’s first law regulating TCM, with the aim of placing it on an equal footing with science-based Western ...

  One insistent question that will shape 2017 is whether we’re witnessing the gradual decay of the post-World War II international order, dominated by the economic and military power of the United States. After the Soviet Union’s collapse in 1991, it became fashionable to talk of the United States as the only true superpower. Pax Americana would promote peace and ...

  My main New Year’s resolution for 2017 is pretty much the same as always: Stop eating Christmas cookies, cut back on the drinking and get back to the gym. This resolve tends to stick for much of the year — only during the next holiday season does everything invariably fall apart again. Maybe I should consider making this a ...

  President Barack Obama granted 78 pardons earlier this month, doubling the total for his presidency — and ensuring that it will not go down as the least forgiving in more than a century. Instead, it will probably end up as the second-least forgiving. It’s a strange legacy for a president who has spoken so eloquently about the need for ...

  US President Barack Obama hit back at Russia for meddling in presidential election. He took a series of tough actions against intelligence agencies, expulsions of agents and shutting down of Russian compounds on US soil. The actions followed repeated private and public warnings that Washington had issued to the Russian government. Sanctions have been issued against Russia’s FSB and ...

  Kevin Drum of Mother Jones thinks that making Obamacare work could have been a simple task for Democrats. All they needed was two things: • About twice as much funding, and • A higher tax penalty for not buying insurance. More funding would have allowed them to offer higher subsidies to people with incomes above 200 percent of the ...

  Phew. Somehow, I survived the uncertainty and anxiety of what economists like me often regard as an inefficient tradition: spending hours looking for the right holiday gifts. Fortunately, this year’s trials and tribulations provided me with a few more anxiety-reducing steps for the next set of birthdays, anniversaries and holidays. This time, it was even more clear that most ...

  Elaine Ou 2016 hasn’t been a brilliant year for Silicon Valley. Lawsuits and regulatory investigations have shed light on the antics of high-profile companies such as Theranos, Zenefits, Hampton Creek and Hyperloop One. Even outside of public scandal, dubious tactics abound. A recent Fortune column asks whether Silicon Valley pushes ethical boundaries too far. Has cutthroat competition led the ...