Given his fearsome rhetoric and blunt speaking it is not surprising that many fear that the new populist president of the Philippines could have a destabilizing impact on the region. Some worry his “Dirty Harry” persona could tip the republic into conflict with China and, through the Philippines’ alliance with the United States, drag the region into a major conflagration. …

  Adam Minter The skylines of some of China’s biggest cities sprout from land that was farmed less than a generation ago. For the government, they’re a soaring testament to the country’s transformation into an urbanized superpower. And despite China’s economic slump, there are plenty of bureaucrats who’d like to see the process continue. According to a report last week, …

  Mark Gilbert The Bundesbank dropped something of a bombshell this week. The eurozone’s most influential central bank and the guardian of all things sacred to monetarists, suggested that sovereign bonds should contain clauses that would automatically delay repayment to investors for countries in financial difficulty. Not paying on schedule may not be the same as default, but it won’t …