Recent Posts

A world where the truth is losing

  Richard Stengel, the State Department’s undersecretary for public diplomacy, bluntly states the problem that has been worrying him, and should worry us all: “In a global information war, how does the truth win?” The very idea that the truth won’t be triumphant would, until recently, have been heresy to Stengel, a former managing editor of Time magazine. But in ...

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The messages to politicians from financial markets

  As this historic November ends, the message from the financial markets seems clear: For now, the outlook for the U.S. economy appears brighter, both in absolute terms and relative to other advanced economies. Very few predicted these developments, which speak to the enormous fluidity that has taken over markets and politics and that signal the gradual end of the ...

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Cutting off global trade won’t revive the rust belt

  Donald Trump’s tough talk on trade and immigration was a winning message in parts of the Midwest. If this talk is put into action, that could accelerate the economic decline of much of the region. One flaw in the conventional thinking about globalization is that it’s an international phenomenon. Manufacturing jobs move from the U.S. to China or Mexico. ...

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