The suspense is over. After a seemingly endless carousel of candidates mulled over in the media, the next Bank of England governor will be the longstanding favorite Andrew Bailey. Seen as the ultimate safe pair of hands and respected across government and the City of London, he was always the logical choice — if not necessarily the most exciting. His ...

Economists may be finally closing in on the reason for asset bubbles. How to pop them before they grow too large, however, is a much harder problem. The study of bubbles has steadily gathered urgency during the past four decades as crashes became more spectacular and more damaging. The stock crash of 1987 was a wake-up call for those who ...

In recent years, much of the commentary about climate change has gone from sternly serious to wildly despairing. A new report from the United Nation’s Intergovernmental Panel on Climate Change (IPCC) warns that the effects of climate change are accelerating and that the world has barely more than a decade to make deep cuts to greenhouse gas emissions and limit ...