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Will US top court rectify its ‘immunity mistake’?

The table around which the Supreme Court justices gather for conferences might groan on Friday beneath the weight of cert petitions — requests for the court to accept 11 cases arising from lower court decisions involving plaintiffs seeking redress for violations of their civil rights. In 10 of the cases — in all but one, the government defendants were in ...

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Italy learns hard lesson on face masks

It takes economics students a couple of classes to understand why price caps are generally a bad idea. The Italian government has nonetheless chosen to set one for face masks — and it’s learning the lesson the hard way. The problem with picking a price that’s artificially low is that it will cause shortages. Consumers will want to buy too ...

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India needs to fire more bullets now, aim later!

How big is India’s anti-viral package, and how effective will it be? The flashy $265 billion figure Prime Minister Narendra Modi announced in his televised address wasn’t all new spending. It included the $22.5 billion of fiscal support — mainly cash payments for the poor — announced in March as the country was entering total lockdown. The central bank’s funding-for-lending ...

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