The US is once again facing a border crisis — a wave of asylum seekers from Central America. President Joe Biden knows that the only long-term way to make the issue go away is to improve the economies of Honduras, Guatemala and El Salvador. But doing that will require more than foreign aid, it will require US companies to actually ...

Some good news for the luxury industry: There’s no sign of all that revenge spending running out of steam. Despite pandemic restrictions still gripping many parts of the world, LVMH Moet Hennessy Louis Vuitton SE reported remarkable performance. The world’s biggest luxury goods group said sales rose 32% in the three months to March 31, compared with 2020. It’s a ...

As the late Swedish economist Assar Lindbeck memorably put it, “In many cases rent control appears to be the most efficient technique presently known to destroy a city — except for bombing.” And yet that’s never kept economic populists from passing new rent curbs. One of the most radical such attempts, watched by cities all over the world, was enacted ...