Here’s a shocking statement: President Trump is basically right that the world is too dangerous and that the US should hold peace talks with, let’s see, Chinese President Xi Jinping, North Korean leader Kim Jong Un, Russian President Vladimir Putin and any other autocrats who are making trouble. American values tell us to oppose the undemocratic policies of these …

  Mortgages are perhaps the only specialist lending that will survive in India. Every other form of credit, especially subprime, is made so risky by the country’s fickle policies and populist politics that it must eventually lose its independence in the safety of a deposit-taking bank. Bharat Financial Inclusion Ltd., India’s biggest micro-lender, is a good example. Bad loans at …

  British Prime Minister Theresa May recently surprised the country — and most of her ministers — by calling an election for early next month. Up against self-imposed deadlines, and anxious to increase her majority in Parliament, she’s scrambling to devise a policy platform. With Brexit looming, this isn’t a normal election, and the usual litany of detailed proposals won’t …