Opinion

  For all the partisan squabbling in this bizarre election year, a consensus has emerged in one important area: The U.S. corporate-tax system is broken. No matter who wins on Nov. 8, there’s surprising agreement that change is coming. To get ready, think tanks are pumping out reform proposals, tax experts are updating their research and Congress is holding hearings. ...

Back in the aftermath of the 2008 crisis, there were a lot of people criticizing macroeconomics, and rightly so. Macro models had failed to include finance, and thus had failed to spot the warning signs in the runup to the crisis. Overconfident macroeconomists had declared that the “central problem of depression-prevention has been solved,” only to be caught flat-footed by ...

  The next US administration will inherit the worst relationship with Russia since Ronald Reagan called the Soviet Union an evil empire. Judging from the list of grievances that President Vladimir Putin has laid out, even a relatively Putin-friendly Donald Trump will have a hard time satisfying him. Putin delivered his message to the future U.S. president Monday, just as ...

  The key difficulty facing the U.K. as it leaves the European Union is easy to articulate: how to curb the free movement of people while maintaining vital trading relationships with its peers. It’s increasingly clear that two premises underpin the government’s position on the trade issue: first, that the other EU 27 members will realize there’s no economic benefit ...

  Within days of taking office, British Prime Minister Theresa May ruled out holding an early general election to seek a mandate of her own. But the strength of her Conservative Party’s polling — with leads of between six and 15 points in surveys conducted during September — has resulted in continued speculation. Indeed opposition parties have been preparing for ...

  To widespread dismay, Colombians voted on Sunday to reject an agreement that might have ended Latin America’s longest-running armed conflict — a decades-long insurgency that has taken more than 220,000 lives, displaced more than 10 percent of the country’s people, and inflicted enormous economic damage. The upset underlines the risks of government by referendum — as if further proof ...

  Despite the market headwinds, Islamic economy is gaining traction. And recent studies substantiate the fact that the segment offers hope to achieve economic stability. Strong retail demand and proactive regulations have boosted the Islamic banking sector. According to rating agency Moody’s, the growth of Islamic banking is outpacing conventional banking. Another study said the compound annual growth rate or ...

  The International Monetary Fund warned three months ago that Deutsche Bank posed a potential systemic threat to the global financial system. Today the problems facing Germany’s largest lender are fueling a different kind of risk: that of a growing nationalist backlash in Germany. On Monday, the chairman of the German parliament’s economics committee Peter Ramsauer gave an interview to ...

  About 7 million American men of prime working age (25 through 54) are not in the labor force, according to the Bureau of Labor Statistics. That means they don’t have a paid job and haven’t been actively looking for one. This figure does not include those in jail or prison. It does include students and men staying home to ...

  The big news this weekend was the leak of Donald Trump’s 1995 tax returns to the New York Times. The returns showed that in that year, Trump claimed $916 million worth of business losses; those losses, said the Times, “could have allowed him to legally avoid paying any federal income taxes for up to 18 years.” Liberal social media ...