It’s time the world’s largest pension fund boosted its risk appetite again. Japan’s Government Pension Investment Fund (GPIF) has been fleeing local government bonds ever since it doubled its allocation targets for domestic and overseas stocks in late 2014. It’s likely to have already exceeded that quota due to the global equities bull run. As of September 30, the latest data ...

In the space of a few hours on Tuesday, what had been increasingly obvious became all but official: The US is no longer leading the world economy. The US withdrawal is signaled by the Trump administration’s announcement of new tariffs on solar panels and washing machines. Dispiriting as this choice may be — not to mention bad for US workers ...

If there’s one policy that can unite socialists and Silicon Valley libertarians, it’s universal basic income (UBI) — a regular payment from the government to each and every adult, regardless of income. Many socialists like the unconditional nature of the programme — like Social Security, it has the potential to avoid arousing the anger of higher-earning people who feel they’re ...