The fight against the IS may get the headlines. But it’s the military threats from Russia and China that most worry top Pentagon officials — and are driving a new arms race to deter these great-power rivals. This question of how to deal with Russian and Chinese military advances has gotten almost no attention in the 2016 presidential campaign. …

  It’s been a year since a sudden, 1.9 percent decline in the Chinese yuan rattled global markets and prompted fears of a global currency war. China has mostly soothed nerves by moderating the renminbi’s swoon since then. But what should really put minds to rest is the knowledge that no one — not even China, which arguably did power …

  Financial markets are no longer just a barometer. Now they can cause storms. We can see two reasons that this happened: Active investors switched to autopilot, and economic regulators became followers rather than leaders. We can also see two outcomes: perverting the function of markets and creating new uncertainties in the economy. The decision by investors to shift from …