Opinion

Trump’s America would look like India of 1991

  Donald Trump may never have an opportunity to put his nationalist economic ideas into practice, but they are almost certain to outlive his campaign. Many workers have come to believe that free trade kills jobs and that they and the U.S. economy overall would be better off if more stuff was made at home rather than in China or ...

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Republican Party needs to revert to nominating Republicans

  When told that the New England transcendentalist Margaret Fuller had grandly declared “I accept the universe,” the Scottish philosopher Thomas Carlyle dryly remarked: “She’d better.” Much ink and indignation has been spilled concerning whether Donald (“I am much more humble than you would understand”) Trump will “accept” the election’s outcome. The nation, like the universe of which it is ...

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This is no way to fix Europe’s dysfunctional banks

  Europe urgently needs to repair a banking system that’s weighing on the region’s economy. Governments say they understand, but they still aren’t taking the task seriously. The issue is global standards for capital — the bedrock financing that makes banks capable of absorbing losses without going bust. Lack of capital in 2008 turned financial setbacks into a full-scale crisis. ...

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Venezuela’s economy needs a democracy shot

  Venezuela’s political and economic mess is deepening. Pro and anti-government rallies were taken out on Wednesday as the game of trading accusations continues to imperil the country’s future. Its president Nicolas Maduro has been charged by the opposition with halting the decision to call a referendum on removing him from power. On the other hand, Maduro has accused the ...

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China can resist a crash but can’t prevent one

After many years of 7- to 10-percent growth, economies tend to overheat, creating bubbles that burst. That’s what happened to South Korea and Japan in the 1980s and 1990s. But China’s economy keeps plugging along (though probably not at its published growth rate of 6.7 percent), defying the predictions of doomsaying pundits. Some indicators show a recovery this year. That ...

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Brazil’s president turns scandal to his advantage

  When disgraced Brazilian powerbroker Eduardo Cunha was arrested last week, the country’s political establishment wobbled. Known for his Machiavellian skills as Brazil’s Frank Underwood, the former lower house speaker was the biggest target in the biggest corruption scandal on record. He had repeatedly insinuated that he wouldn’t go down alone. No one has more to fear from that threat ...

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Imagine jailing the bankers who saved the world

  The U.K. may be on the verge of an unprecedented experiment in public accountability. The courts may soon be invited to consider the following question: Should government officials face prosecution if the actions they took to support the financial system during the credit crisis stink in hindsight? In late 2007 and early 2008, with markets in a meltdown and ...

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On Nov 9, let’s forget Donald Trump happened

  With Donald Trump’s chances of winning the White House narrowing, it’s not too soon to ask: If Hillary Clinton wins the presidency in November, what attitude should Democrats and Republicans alike take toward Trump voters? It will be tempting to excoriate or patronize them, or to woo them to your cause. But all of these approaches would be mistaken. ...

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Obama won’t listen to reason on Obamacare

  One of President Obama’s cherished conceits is that disagreement with him can have no rational basis, and it was the theme of his most recent speech in defense of his health-care law. Only “ideology” and “politics” are keeping Republicans from working with him to expand Obamacare’s reach. He himself is, as always in his self-portraits, the picture of reasonableness, ...

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How Clinton and Ryan could find common ground

  Can she get anything done? That’s the question now that nearly every poll shows Hillary Clinton winning the presidency and the Republicans holding on to the House, albeit with a weaker hand. Even if the Democrats take control of the Senate — a strong possibility though not a certainty — House Republicans could block Clinton’s agenda of taxing the ...

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