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Poll debacles won’t deter brave Merkel

  Many people seem to expect Chancellor Angela Merkel to apologize. Her party, the Christian Democratic Union, keeps underperforming in regional elections. Most recently, the CDU took a drubbing in parliamentary elections in Berlin on Sept. 18. The reason: the backlash against the kindness Merkel showed toward refugees last year. There have been five defeats this year, in every state ...

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Don’t kill the driverless revolution with regulation

  In publishing new guidelines for automated vehicles this week, the U.S. Transportation Department tacitly acknowledged two important truths: This technology will probably be great. And no one knows what will happen. The regulators took a restrained approach, offering a safety checklist for manufacturers and better guidance for state officials but stopping short of issuing restrictive new rules. That’s prudent: ...

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Mellowed BoJ adopts prudent flexibility

  Bank of Japan (BoJ) comprehensively reviewed the sustainability of a series of daring policy decisions that it had taken since January at its meeting on Tuesday and Wednesday. The mellowed central bank weighed the effectiveness of these decisions and unveiled a massive overhaul of monetary policy. The latest steps to commit itself to stoking inflation over the longer term ...

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