Two back-to-back stinging defeats have rattled German Chancellor Angela Merkel’s Christian Democratic Union (CDU). The internal splits are palpable now. Even though Merkel has dropped the “we can do it” rallying cry on migrants, she has refused to put a cap on migration. This is a bold and righteous move, but to convince her coalition partners about her stand …

  From Erie in the west to Scranton in the east, Pennsylvania is flecked with casualties the stubborn economic sluggishness and relentless globalization have inflicted on industrial communities. But in this middle-class Philadelphia suburb, Tom Danzi knows that the economy is denting even his business repairing damaged cars. His Suburban Collision Specialists once had 27 employees kept busy by drivers …

  For many years, China’s authorities took a Goldilocks approach to housing prices: They wanted a market that was neither too hot nor too cold, and took measures as needed to control prices. Although an explicit asset-price target was never announced, it was widely assumed that the government wanted home prices to grow in line with the rate of economic …