Hospitals often speak of what’s called “surge capacity” — the ability to absorb a sudden influx of patients because of a terrorist attack, a natural disaster, or even, yes, a pandemic. Given the possible influx of patients sickened by the new coronavirus, how much of a surge can US hospitals accommodate? Not as much as you might think. For years, ...

At last the creaking wheels of the European Union are starting to turn in motion — its leaders scared, no doubt, by the violent market reaction to the underwhelming performance by European Central Bank President Christine Lagarde. The entire viability of the euro project was once again coming into question because of the single currency area’s fractured response to the ...

Confidence in the Indian financial system has been breaking down for some time. Instead of trying to restore trust, it may be time to require less of it — with the help of an official rupee cryptocurrency. The last straw was the collapse of corporate lender Yes Bank Ltd, which failed in slow motion in full view of authorities. Depositors ...