Opinion

    The West, it’s obvious, faces a migration crisis. Across the aging, stagnating economies of the developed world, citizens are revolting against what many perceive as an uncontrolled influx of foreigners. The U.S. apart, most of these economies are also facing a prolonged crisis of growth. Under other circumstances, the solution would be obvious: restore vitality by taking in ...

Over the past couple decades, the Bank of Japan has tried time and again to get interest rates up from zero, only to discover that the zero bound has a peculiarly strong gravitational pull. Although I hope the new measures it announced this week will help, its past experience holds an important lesson for central banks everywhere. When interest rates ...

  As the Organization of the Petroleum Exporting Countries (OPEC) braces to meet in Algiers on September 28, there are pressures from different corners on the group to take a decision on oil supply. However, the OPEC has to take a very cautious approach. Any hasty step or quick fix to limit the production to raise the crude price may ...

Millions of Americans are going to vote for someone other than Donald Trump and Hillary Clinton in November. The Libertarian Gary Johnson and the Green Party candidate Jill Stein together command about 10 percent of the vote in recent polls. Yet their supporters, who feel alienated from the two-party system, probably don’t want their country to adopt a European-style multiparty ...

  One of the big attractions of 3-D printing is that it’s so cheap and simple. Just come up with a design, and that nice little machine you bought for $499.99 at Staples will extrude it in layer after layer of warm plastic that hardens as it cools. And then you have…a plastic thing! If you want your thing made ...

  The post-Brexit battle for Europe’s capital markets business has already started, even before official exit negotiations have been triggered. Bloomberg News reported Thursday that London’s biggest investment banks seem resigned to losing the $570 billion market for clearing trades of euro-denominated derivatives. Some London-based banks want Theresa May’s government to strike an interim deal to protect financial services now. ...

  Guess what? A President Trump could adopt his new trade agenda without any authorization from Congress — and this could trigger a global trade war and a deep U.S. recession. Policies that promise to make us stronger economically could do the opposite. That’s the main take-away of a study by the Peterson Institute, a Washington think tank, of the ...

  Even during the presidential primaries it was obvious that traditional TV advertising wasn’t working as well as it once did: Four Republican candidates were outspending Donald Trump but losing to him, and Bernie Sanders spent more on TV spots than Hillary Clinton. Now, with the general election campaign in full swing, the efficiency of TV ads remains in doubt. ...

  If the most famous U.S. government secret revealed by Edward Snowden had been the only one he divulged, deciding whether he deserves a pardon from President Barack Obama would be a tougher call. Snowden famously disclosed in 2013 that the National Security Agency had been collecting Americans’ electronic metadata in bulk. The program was authorized only by a dubious ...

  The global spotlight on the refugee crisis has been prompted by the unprecedented migrant wave, not seen even during World War II. And the wave isn’t ebbing. Instead, it continues to grow and has brought in its wake a tsunami-like impact. How far the New York Declaration adopted at the recent UN Summit for Refugees and Migrants would help ...