After China, it’s Hong Kong’s turn to take Moody’s Investors Service to task. The city’s financial secretary wrote a blog post on Sunday to express his displeasure with the recent one-notch cut in Hong Kong’s sovereign rating to Aa2. More than the downgrade, what seems to have really irked Paul Chan are the 16 references to “links” and “linkages;” four ...

The gory details of the Congressional Budget Office’s report on the House legislation to “repeal and replace” Obamacare are, in many ways, superfluous. The bill’s flaws, substantive and otherwise, have long been evident. Less clearly understood, though equally disturbing, is the larger political context. That’s not to say the particulars of the CBO report, released Wednesday, are irrelevant: far from ...

Three years after he was elected, Prime Minister Narendra Modi looms over India’s political scene like no other leader in the country’s recent history. And his critics must explain why his mass appeal seems unimpaired, despite his increasingly authoritarian ways and growing failures. Modi is far from realizing his promises of economic and military security. Pakistan-backed militants continue to strike ...