After sending two pesky central bank governors packing in a little over two years, Indian bureaucrats have turned their attention to unwinding the monetary authority’s autonomy. Their first move, unveiled last week, is an innocuous – even laudable – infusion of Rs 41,000 crore ($5.9 billion) into troubled state-run lenders, bumping up this fiscal year’s outlay for bank recapitalization by ...

Avoiding the devastating consequences of global warming means taking steps that will incur costs now. Those costs can be painful, as illustrated vividly by the social unrest in France, triggered in part by President Emmanuel Macron’s since-rescinded fuel tax. For some, such as the New York Times’s Bret Stephens, the lesson is clear: Forget reducing carbon dioxide emissions, because people ...

In my medicine cabinet, I have a jar of petroleum jelly from Walgreens that looks like the iconic Vaseline container. You probably also own store-brand versions of familiar items — also called generics or “private label” products. The pull tends to be lower cost, but Walmart, Macy’s and other big retailers have been seeking to create private-label products with a ...