The Philippines’ Rodrigo Duterte has just won the country’s presidency with a platform that focuses primarily on severely cracking down on crime. Duterte’s win might be the first electoral outcome in a year where several elections might lead to surprising winners. He is a controversial figure partly because of his unacceptably offensive remarks on women and reputation as a …

  In 1906, Leonor Loree, an accomplished railroad executive, examined the dilapidated Kansas City Southern Railroad that he had been hired to rehabilitate. Dismayed, he permanently enriched American slang by exclaiming: “This is a helluva way to run a railroad!” Judge Janice Rogers Brown of the D.C. Circuit Court of Appeals, the nation’s second-most important court, recently said, with judicial …

  There is a very unusual thing going on in the municipal market right now: People are losing money by the bucket, and soon they’ll be losing money by the boatload. While regrettable, this is what happens when reality intrudes upon a fantasy. Because Puerto Rico has defaulted, is defaulting and will default on some or all of the $70 …