After the great recession, the American economy rebounded faster and stronger than the euro zone, raising doubts over the effectiveness of the “European social model.” As Europe emerges from the first wave of the Covid-19 epidemic in better shape than the US, its combination of welfare states and strong public health systems suddenly seems appealing again. The US is still ...

Although the better-than-expected US employment numbers that came out last week give reason for optimism, it is far too early to declare victory over the threat of further economic damage. Yes, the jobs report and other data released last week illustrated the kind of impressive across-the-board recovery that the economy is capable of. But the durability of this much-needed recovery ...

The NBA may be reflecting a still-hidden trend in the broader US economy: People may not actually be so keen to return to work. The NBA is planning to resume a fragment of its regular season, and then the playoffs, in a custom-tailored “bubble” in Orlando, Florida, on July 30. The games will be played only among the top teams in ...