Is the idea of a digital dollar just a fad — like the 1980s craze with parachute pants that became synonymous with Michael Jackson and MC Hammer? Randal Quarles, the Federal Reserve’s vice chair for supervision, recently used that very imagery to express his skepticism. He wasn’t trying to prejudge the monetary authority’s thinking, which will soon be outlined in ...

Here’s a word to add to your investing vocabulary: Dungers. The term for dilapidated, crumbling houses comes from New Zealand, which is in the grip of a striking property boom. The country topped Bloomberg Economics’ risk radar in June for being the most unaffordable housing market in the world. Judging by the dunger that sold for NZ$1.8 million ($1.3 million) ...

“I had to get out of America. It has gotten so ugly, so dark and my pessimism had grown so high that I needed to do something different.” That’s how pollster Frank Luntz, currently a visiting fellow at the Center for Policy Studies, explained his decision to spend a summer in Britain studying the political landscape. Brexit aside, Britain may ...