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Trump’s economy had a good year, even if he didn’t

From a political standpoint, 2019 will be remembered as the year President Donald Trump got impeached. From an economic standpoint, however, the year has turned out about as well as he could have hoped for. After being effectively flat since the middle of 2018, the stock market has risen to record highs over the last several months. That performance is ...

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As India’s protests swell, what is Modi’s endgame?

Protests have broken out across India, a few of them violent, against a new law that fast-tracks citizenship for non-Muslim migrants from three majority- Muslim countries. In the northeastern state of Assam, where migration has long been a major political issue, four protesters were killed when security forces opened fire. In both the capital of Delhi and the town of ...

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Daimler and BMW can’t compete with Uber, Lyft

There’s a school of thought that says the dominant business model for tech startups isn’t B2B (business-to-business) or D2C (direct-to-consumer). It’s really V2C: venture-capital-to-consumer. In other words, piles of venture capital are being directed into the pockets of consumers — often tech-savvy millennials — in the form of discounted services provided by startups prioritizing growth over profit. The fact that ...

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