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Italy starts handing out free money

Italy’s Five Star Movement has risen to global prominence more for the colorful oddness of its founder, the comedian Beppe Grillo, than for the seriousness of its populist policies. But one of its proposals has attracted genuine interest from across the world: The idea of a “citizens’ income.” This concept could in theory appeal to both the left and the ...

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Tesco is playing with fire by cutting jobs

In Britain’s retail apocalypse, culling staff might seem like an obvious course of action for hard-pressed store chains. But cut too deep, and the damage inflicted on the business can be even more devastating than Brexit-induced nervousness. Tesco is looking to eliminate up to 9,000 jobs – about half of which could be shifted elsewhere in the company – as ...

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With China, US needs to verify but trust

With high-stakes trade talks set to resume in Washington, US officials say any deal with China hinges on how it can be enforced. That is indeed a key issue. But to have any hope of success, the US can’t be entirely worried about whether China might cheat. It also needs to consider what conditions would best encourage Beijing to comply. ...

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