Is Europe heading back to financial mayhem? Bank of Greece Governor Yannis Stournaras warned this week that it might be. Any further delay in reaching agreement between Greece and its creditors, he said, risked a new recession and a fresh crisis of confidence across the euro zone. Maybe that’s a little alarmist — but he’s right about one thing. …

  US President Donald Trump on Wednesday did about-face on Palestine-Israel conflict. He abandoned the US policy on ‘two-state’ solution for Middle East peace. Trump, during a joint White House press conference with Israeli Prime Minister Benjamin Netanyahu, held back from clearly supporting an independent Palestinian state. Trump said he would be open to a Mideast peace agreement that doesn’t …

  Why does everything cost so darn much? More to the point, why does it cost so much more than it used to? Well, not everything costs more than it used to. Food is cheap. Electronics are absurdly cheap: I can get a clock radio on Amazon today for not much more than I would have paid in 1965 (before …