The European Central Bank’s (ECB) meeting on April 30 might be its most important as it tries to manage the devastating economic impact of the Covid-19 virus. While its reaction so far has worked, it will need much greater firepower in the future. It will also have to be much more flexible in how it applies its rules on asset ...

As the economic carnage from the coronavirus pandemic continues, a long-forbidden word is starting to creep onto people’s lips: “depression.” In the 19th and early 20th centuries, there was no commonly accepted word for a slowdown in the economy. “Panic” was the term typically used for financial crises, while long slumps were commonly called depressions. Presidents such as James Monroe ...

T he Covid-19 pandemic is a bracing national security challenge — and how the country responds is doubly crucial, since biological history tells us that another, potentially more lethal, pathogen is inevitable. The US military can play a valuable role in helping to fight the next pandemic, if the lessons of this crisis are inculcated and implemented now. America’s armed ...