Bloomberg These should be boom times for Detroit. Unemployment is at a half-century low, gasoline is cheap and auto sales in the US were near record levels last year. Yet American automakers are closing factories, cutting shifts and laying off thousands of workers. The industry is behaving like a recession has arrived. In one segment of the market, it has. ...

“In my country the people can do as they like, although it often happens that they don’t like what they have done” —Winston Churchill, 1946 During the Second World War, as US power was eclipsing Britain’s, Harold Macmillan, a future prime minister, reportedly said, “These Americans represent the new Roman Empire and we Britons, like the Greeks of old, must ...

It’s an election year in India, with the world’s largest polls expected in the spring. The focus of politicians is, as usual, on farmers and rural areas and competitive pandering to both — hardly surprising in a country that considers itself a nation of villages. However, this narrative has one major flaw. India is, in fact, more urban than politicians ...