“For every action, there is an equal and opposite reaction” Newton’s Third Law of Motion Notice the Newtonian physics of America’s Madisonian system. Barack Obama’s Woodrow Wilsonian hostility to the separation of powers, expressed in his executive authoritarianism, is provoking equal and opposite reactions from the judicial and legislative branches. The Supreme Court has inflicted on Obama a defeat accurately …

The borrowing spree has started to boomerang, leading global economy to moan under a record pile of debt. On record, the world has continued to borrow since the 2008 financial crisis, adding nearly $60 trillion, pushing the worldwide debt load to $200 trillion in 2014, nearly three times the size of the entire global economy. History has it that the …

Bill SAVADOVE A new stock market regulator chief could give China’s beleaguered shares a short-term lift, but analysts say Liu Shiyu faces the same old problems as his ousted predecessor: shattered market confidence and the need for sweeping reforms. Xiao Gang was dismissed as chairman of the China Securities Regulatory Commission (CSRC), state media reported Saturday, after a three-year tenure …