On Valentine’s Day, economist Kevin Grier quipped: “Roses are red. Pin one on your suit. America has eaten all the low-hanging fruit.” That pithy assertion is one of the most frightening propositions in the world today. There might be a way for a modern society to function without economic growth. But we don’t want to have to be the …

  Given its rich history, Italy is rightly attached to its relics. Unfortunately, this affection for the past does not stop at the Colosseum: It applies to failing companies too. Take Alitalia, Italy’s loss-making flag carrier, which has survived for years thanks to a string of public and private rescues. On Tuesday, the airline went into administration, prompting the government …

  When Tesla Inc. chief executive officer Elon Musk was asked if his burgeoning collection of startup companies might lead him to step away from the electric automaker, he said he’d stick around as long as he could “positively contribute” to its success. “The most valuable thing I could contribute is product design and technology,” he told analysts on the …