For investors trying to take into account environmental, social and governance concerns, the best response seems to have been to adopt a version of St. Augustine’s prayer: “Oh Lord, make my strategy pure, but not too quickly.” For whenever the issue of socially responsible stock-picking arises, so too does the suspicion that doing good comes at a price. A study ...

“Defeat” is too small a word for the rebuke Britain’s Parliament handed Prime Minister Theresa May yesterday. Her Brexit deal, laboriously negotiated over many months, was voted down on Tuesday by a massive 230 votes — a far bigger margin than expected, and the worst loss of any British government in modern times. Yet if this brutal rejection has caused ...

At times of great global upheaval, policymakers often reach for familiar historical analogies to help them make sense of an uncertain future. Consider the debate over whether the deepening confrontation between the US and China constitutes a “new Cold War.” It is a marker of how quickly US-China relationship has deteriorated that commentators are invoking the analogy. Only three years ...