The only modern president who rivaled Donald Trump in his lack of preparation for global leadership was Harry Truman. Both men took office with little knowledge of the international problems they were about to face, and with worries at home and abroad that they weren’t up to the job. “I pray god I can measure up to the task,” …

  A lot of companies view revolving credit lines the way some rock climbers view harnesses and ropes: They would rather not use them, but they’re glad to have them when trouble strikes. So it’s worth paying attention when a corporation starts withdrawing a substantial amount of money under these prearranged agreements with banks. This can signal a significant problem. …

  Japan’s Prime Minister Shinzo Abe has been trying hard to combat his nation’s alarming demographic decline: promoting robots and other productivity-enhancing technology, bringing more women into the workforce, even opening the door a bit wider to foreigners. It’s plain, however, that he needs to try harder still, especially when it comes to immigration. Japanese companies already report they can’t …