For all the partisan squabbling in this bizarre election year, a consensus has emerged in one important area: The U.S. corporate-tax system is broken. No matter who wins on Nov. 8, there’s surprising agreement that change is coming. To get ready, think tanks are pumping out reform proposals, tax experts are updating their research and Congress is holding hearings. ...

Back in the aftermath of the 2008 crisis, there were a lot of people criticizing macroeconomics, and rightly so. Macro models had failed to include finance, and thus had failed to spot the warning signs in the runup to the crisis. Overconfident macroeconomists had declared that the “central problem of depression-prevention has been solved,” only to be caught flat-footed by ...

  The next US administration will inherit the worst relationship with Russia since Ronald Reagan called the Soviet Union an evil empire. Judging from the list of grievances that President Vladimir Putin has laid out, even a relatively Putin-friendly Donald Trump will have a hard time satisfying him. Putin delivered his message to the future U.S. president Monday, just as ...