Opinion

  Bayer’s proposed purchase of Monsanto, the biggest deal of the year so far, has led to a heated public debate over economic concentration. Unfortunately, both sides are failing to identify the key issues behind the potential transaction. The good news is that the deal announced on Sept. 14 would not increase market concentration by much. Bayer is primarily a ...

When people talk about the benefits and harms from trade, they usually refer to the labor market. That makes sense, since losing a job has a huge impact on a person’s life. Even if you can find another job, it takes time and money and causes lots of stress. It disrupts your life, and sometimes you can’t find as good ...

  In 2012, the London interbank offered rate — Libor — gained worldwide notoriety when it emerged that traders had conspired to manipulate this vital financial benchmark. Clearly, the system was broken and would have to be mended. Four years later, the repairs aren’t finished. Given the stakes, regulators are right to tread carefully. That said, they need to start ...

  Dubai’s hosting of the second Global Solar Leaders’ Summit has demonstrated the urgency to give impetus to renewable energy — essentially solar power. The UAE’s economic diversification plan and UAE Vision 2021 call for the need to tap the energy in the sunshine. Solar power will help reduce the carbon footprint and put the country on the road to ...

  Russian President Vladimir Putin’s loyalists, the United Russia party, gained a massive, record majority in Sunday’s parliamentary election — but Russians have also shown that the high popularity ratings of United Russia and, by extension, Putin and his government are essentially fake: The turnout was lower than ever in the history of Russian federal elections. According to preliminary results, ...

  For the first time since 1999, the Standard & Poor’s 500 Index is being reconfigured. The last time was when technology was established as an independent sector. The current reconstitution of the S&P 500 involves breaking out real estate investment trusts (REITs) from the financial industry group. This is worth paying attention to, given how rarely these sorts of ...

  The secrecy rules for grand juries contain no exceptions for cases with historical importance. In an important victory for historians, however, a divided appeals court is unsealing testimony from a 1942 leak investigation after the Battle of Midway. The decision, which was opposed by the Obama administration, sheds some light on the debate about whether the leaks by former ...

  This week, much attention will focus on the Open Market Committee of the U.S. Federal Reserve, the most powerful central bank in the world, whose actions have global impact. Yet the most informative, and intriguing, policy decision could take place in Tokyo. And the outcome will not only tell us more about Japan’s daunting challenges, but could also signal ...

The big guns are coming out in the battle over infrastructure spending. Larry Summers, a celebrated Harvard economist and veteran policy adviser, has a new article making the case for spending more. Ed Glaeser, a brilliant and versatile colleague of Summers’ who studies urban economics, has an article making the opposite case. Though both make many good points, I think ...

During the past two years, we have seen signs that wage pressure is building as the economic recovery grinds on. Enough evidence has now accumulated to suggest that it is already happening. The latest data, courtesy of the Census Bureau, which released its annual update on incomes and poverty yesterday, showed that median household income increased a whopping 5.2 percent ...