It’s election season, and that means it’s time for partisans to pose as economists and strategists in order to explain how much the markets support their favorite candidate (see this or this or this). It is an exercise fraught with a fundamental misunderstanding of what drives markets at best — or intellectual dishonesty at worst. So let’s get this out …

  Mark Gilbert The U.K. government has approved the country’s first hydraulic fracturing wells in the north of England, overruling the objections of the local council in Lancashire. It’s the correct decision given the nation’s growing energy needs; but rising opposition to fracking shows the nascent industry in the U.K. needs to do a better job of convincing the public …

  DUBAI / AFP Arab Fashion Week opened on Thursday with hopes of establishing Dubai as a top destination for the “ready couture” genre and as a major fashion capital. It is the first time that a fashion week has been dedicated to the form, described by organisers as a blend of haute couture and ready-to-wear or pret-a-porter. “In Milan, …