Any summation of Barack Obama’s impact on domestic policy and politics should begin with this: In 2008, he assured supporters, “We are the ones we’ve been waiting for. We are the change that we seek.” Soon he will be replaced by someone who says, “I alone can fix it.” So, Americans have paid Obama the compliment of choosing continuity, if ...

  Three months ago, Gadfly advised India’s state-run banks to stop lending because they didn’t have the capital to keep up appearances. That was before the surprise November 8 cash ban, which led to a deluge of low-cost deposits into the system. Add a government eager to dispel criticism that getting rid of 86 percent of the currency in circulation ...

  The high seas — all that deep water beyond 200 nautical miles from a coastline — are this planet’s last frontier. And like all previous frontiers, they’re ripe for plunder. But there may be a surprisingly simple solution to the scourge of overfishing on the high seas: a ban on commercial fishing in international waters. The proposition may sound ...