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National defense in face of a media-obsessed White House

  As President Trump nears the 100-day benchmark, it’s a good moment to examine the relationship that has evolved between the mercurial and inexperienced commander in chief and his unflappable Defense Secretary Jim Mattis. It’s an unlikely partnership, but so far it mostly seems to work. Trump may have relatively few domestic-policy accomplishments to show after three months, but he ...

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Venezuela’s complicated oil crisis

  The cold logic of the oil market dictates that crisis usually equals profit. That’s because a crisis in oil usually means a supply crisis, as some large producing country becomes embroiled in war or civil unrest or sanctions or some other geopolitical mess. The country currently occupying the unenviable position of being the likeliest source of a supply shock ...

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The Trump effect down under

  In Sydney last weekend, Vice President Mike Pence hailed the close economic ties linking the U.S. and Australia. In fact, currently America’s chief export to the Antipodes seems to be bad ideas. Last week, on the same day President Donald Trump took aim at the H-1B visa program in the U.S., Prime Minister Malcolm Turnbull abolished Australia’s own skilled-worker ...

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