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Deregulation: Most obscure part of Trump’s agenda

The most obscure part of President Trump’s economic agenda is deregulation. This is not because anyone is deliberately hiding it. The real reason is more mundane: Deregulation is obscure, because it’s genuinely complicated and confusing. The issues are highly technical, and they vary by industry. Only those who have a need to know are likely to take the time to ...

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Could India become a one-party state?

In most democracies, a politician who has just led his or her party to a crushing defeat steps aside. In the world’s largest democracy, however, parties are often structured around individuals or families. If they go, so does the party. That’s one reason why it is so surprising that Rahul Gandhi quit as president of the Indian National Congress party ...

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Hong Kong’s flash-crash enigma remains unsolved

Two years after Hong Kong’s securities regulator vowed to nip irregularities in the bud, flash crashes are still plaguing the world’s fourth-largest stock market. This year’s wave rivals the notorious “Enigma Network” that prompted the last bout of regulatory hand-wringing in 2017. In mid-January, Chinese real estate developer Jiayuan International Group Ltd. plunged without warning, triggering a $4.8 billion selloff ...

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