Bloomberg North Korea, a country in a “time warp” that feeds paranoia at home with propaganda about a hostile world, could secure its future by laying the groundwork for talks on its nuclear weapons program, according to South Korea’s foreign minister. While Kang Kyung-wha welcomed a two month hiatus in North Korean provocations after a rapid-fire series of missile tests ...

Bloomberg Political turmoil in Australia risks undermining fragile economic confidence as the loss of another lawmaker in the dual-citizenship fiasco left Prime Minister Malcolm Turnbull leading a minority government. John Alexander, 66, became the second government member in the lower house to resign, when he acknowledged he likely inherited British citizenship through his father. While the government will survive with ...

If you want to understand why the tax code is so hard to overhaul, consider the case of the mortgage interest deduction. The issue is so sensitive that the House and Senate are dealing with it in completely opposite ways. To its many defenders and beneficiaries, the mortgage interest deduction symbolizes and subsidizes the American Dream. It promotes homeownership, which ...