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If this isn’t a trade war, then what actually is it?

The escalating trade war between the United States and China poses crucial, though unanswerable, questions: Is this the beginning of the end of the post-World War II international trading system or will the present arrangements survive, as they have for 70 years? Almost certainly, historians will judge favourably the postwar expansion of trade (it has never been completely “free” but ...

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Everyone should hate Google Glass

I hate Google Glass, and I think I’ve hit upon a way to get everyone to understand the dystopic future this eyewear augurs: Give it to flight attendants. The summer of 2014 was a turning point for me. I had always considered myself a genuinely nice person who would never consider violence against a stranger. But then, at a conference ...

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Italy is facing a crunch moment in bond market

Italy’s auction of five and 10-year government bonds on Thursday will be the most important test of investor appetite since the country’s political crisis subsided. Buyers are understandably skittish. Appetite for the 10-year securities the government sold at the end of May was poor, something I remarked on at the time. Since then, yields on Italy’s two-year bonds have climbed ...

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