By the middle of the century, nuclear-powered Chinese shuttles will regularly ply interplanetary space, carrying workers between mining colonies on distant planets and asteroids. If that, like much else published on the front page of the People’s Daily, the flagship newspaper of the Communist Party, sounds like propaganda, remember that China has in barely two decades built up what’s arguably …

It took just 24 hours for politics and optics to trump economics and common sense. Recently, I suggested that India was striking the right balance by preventing only “wilful” defaulters from bidding for their own assets in bankruptcies. Since with most of the country’s $207 billion of impaired loans, there’s no proof of malfeasance by the controlling shareholders—or promoters as …

Consumers are spoiled for choice when it comes to choosing the right alternative commodity-linked currency to pay for their groceries. First we got the Bitcoin Visa card, the perfect gift for those who want an easy way spend a cryptocurrency that has gained 800 percent this year on goods whose price is up a relatively mild 3 percent. Swipe the …