The same tragic drowning scenario at the Mediterranean Sea keeps recurring as the illegal migrant flow continues unabated from sub-Saharan Africa to Libya, where they take perilous journeys using dilapidated dinghies to get into Europe but at a price. On Wednesday, the Italian navy captured the chilling images of a heavily overcrowded boat overturning off Libya, leaving at least …

  Narayana Kocherlakota The Federal Reserve’s track record of economic forecasting is a lot better than many observers recognize. It might also offer some insight into the central bank’s approach to managing the recovery. Criticism of the Fed’s forecasting has focused largely on its failure to recognize, as late as mid-2008, the depth and persistence of the recession that the …

  The share of Germany’s electricity generated from renewable sources has tripled during the past decade, to 30.1 percent. That’s impressive, especially when compared with what has happened in the U.S. On the other hand, the percentage of Germany’s electricity generated by burning coal isn’t all that much lower than it was a decade ago, and is higher than it …