US Defense Secretary James Mattis said diplomatic efforts should be exhausted to find a solution of South China Sea dispute. Mattis’ stand is in contrast to Secretary of State Rex Tillerson, who appeared to advocate a tougher action to resolve maritime issue. Last month, Tillerson said the US should send a clear signal that further island-building should stop, and …

  The great macroeconomist Robert Lucas once uttered a memorable quote about the mystery of economic development: Is there some action a government of India could take that would lead the Indian economy to grow [more rapidly]. If so, what, exactly?…The consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them, …

  Earlier this week, I commended Snapchat for bucking Silicon Valley convention and going public at a relatively young age, while other high-profile startups such as Uber do everything possible to avoid IPOs. After seeing parent company Snap Inc.’s financials and its strategy, I have changed my mind. Snapchat would have been better off staying in the lush forest of …