The Pentagon has accused China of seizing an unmanned naval probe in international waters in the South China Sea. The incident can stoke tensions around Beijing military presence in the disputed area. Reports that emerged after the incident said that the underwater vehicle was taken around 50 nautical miles (90 kilometers) northwest off Subic Bay in the Philippines. The …

  This week, after four and a half years of faithful service, I finally replaced my old laptop. I will not bore you with the litany of troubles that led to this decision. The only interesting thing about my decision to replace my old 15-inch Macbook Pro is what I chose to replace it with: a nearly identical Macbook, about …

  Last week, ECB chief Mario Draghi promised another nine months of quantitative easing, but cut his bond purchase program. While the move is a deft way to introduce the prospect of tapering without triggering a market meltdown, the economic backdrop suggests it’s still too soon for tighter monetary conditions. By reducing the dose while extending the prescription, the ECB …