As the late Swedish economist Assar Lindbeck memorably put it, “In many cases rent control appears to be the most efficient technique presently known to destroy a city — except for bombing.” And yet that’s never kept economic populists from passing new rent curbs. One of the most radical such attempts, watched by cities all over the world, was enacted ...

The Biden administration’s new sanctions on Russia matter more for what they say than for their economic impact. They say that this president, unlike his predecessor, has no illusions about the challenge Russia poses — nor about the kind of strategy that will be required to confront it. The new measures call out Russian interference in the 2016 and 2020 ...

Bloomberg Delta Air Lines Inc stuck to its upbeat financial forecasts despite posting a bigger-than-expected loss in the first three months of the year and jarring Wall Street with its outlook for cost pressures tied to the travel rebound. The carrier still expects to stop burning cash this quarter and to return to profitability in the third “if recovery trends ...