With globalization receding and China’s economy slowing down, there’s speculation that the Asia boom is over. It isn’t. The ascension of China and India continues to be the most important economic story in the world. To get a picture of how important these countries are, it helps to look at how much they’ve mattered in recent years. Here is ...

  Are U.S. authorities being overzealous in their efforts to extract money from corporate miscreants? Actually, the right question might be why, despite the advent of multi-billion-dollar penalties, companies keep breaking the law. A new batch of fines — most notably the Justice Department’s $14 billion opening bid to settle the mortgage-related transgressions of Germany’s Deutsche Bank AG — has ...

  Noah Smith Earlier this year, the U.S. Census Bureau delivered some good news. Finally, after years of what seemed like a sluggish and uncertain recovery, American incomes were rising strongly again. Median household income jumped by more than 5 percent in 2015, and the lion’s share of the gains went to middle-class and lower-income folks. Employment rose strongly, and ...