With Puerto Rico sweltering in the dark, restoring electricity as soon as possible is vital to averting a humanitarian disaster. The island’s long-term recovery, however, will depend not only on repairing its battered grid but on reforming its feckless power company. The Puerto Rico Electric Power Authority, the biggest public utility in the US, is notorious for its mismanagement and ...

As she builds her new coalition government, German Chancellor Angela Merkel will be mindful of the need to counter nationalism at home and the imperative of finding a consensus on integration in the euro zone. But the election also exposed a demographic rift that could present an even bigger challenge to Germany’s leaders: between a graying population that backed the ...

Picking stocks is famously difficult. But just how difficult is one of the oldest arguments in finance. New York Times columnist Jeff Sommer reopened the debate last week with a piece describing a recent study by an Arizona State University business professor, Hendrik Bessembinder. Bessembinder looked at the performance of publicly traded stocks in the US from 1926 to 2016 ...