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Rice follows Kissinger’s playbook in China

  Susan Rice is the latest national security adviser to inherit the framework of Sino-American relations that was created in 1972 by Henry Kissinger: The Chinese ever since have wanted to deal directly and discreetly with the White House as they pursue a relationship that’s somewhere between cooperation and confrontation. Rice will be channeling Kissinger when she travels with President ...

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Escaping the dreaded national middle-income trap

  In the age of colonialism, there were mainly two kinds of countries: empires that controlled their economic destinies, and colonies, which were denied the chance to industrialize. After World War II and the end of colonialism, a different divide emerged — many countries were trapped behind the Iron Curtain, held back by inefficient communist systems. Meanwhile, the capitalist countries ...

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Job market offers the Fed no solace

  The inconclusive August jobs report might not provide the Federal Reserve with the impetus it needs to take interest rates higher in the near future. That’s particularly true since by some important measures, the economy still isn’t quite back to where it was even at the beginning of earlier tightening cycles. The employment report portrays an economy still growing ...

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