Needing a victory to validate their majorities, congressional Republicans have chosen not to emulate Shakespeare’s Henry V before Agincourt. He advocated stiffening the sinews, summoning up the blood and lending the eye a terrible aspect. The Republicans would rather define victory down. What began with a bang of promises of comprehensive tax reform will end with a whimper: The only ...

Last weekend, officials in Puerto Rico announced that they’re pulling the plug on a controversial $300 million contract to rebuild the island’s electrical grid after Hurricane Maria. The previous contractor, Whitefish Energy Holdings LLC, a Montana company with just two full-time employees prior to the award, will leave the island within 30 days, while officials try to find an alternative ...

Hong Kong has tried just about everything to attract technology companies. It has incubators and accelerators, hubs and clusters, a Cyberport and an InnoCentre. The government has even established a lavish fund to invest in cutting-edge companies. Yet all this has produced nearly no startups of note. Don’t expect its latest idea to fare much better. Hong Kong’s securities regulator ...