In the age of colonialism, there were mainly two kinds of countries: empires that controlled their economic destinies, and colonies, which were denied the chance to industrialize. After World War II and the end of colonialism, a different divide emerged — many countries were trapped behind the Iron Curtain, held back by inefficient communist systems. Meanwhile, the capitalist countries ...

  The inconclusive August jobs report might not provide the Federal Reserve with the impetus it needs to take interest rates higher in the near future. That’s particularly true since by some important measures, the economy still isn’t quite back to where it was even at the beginning of earlier tightening cycles. The employment report portrays an economy still growing ...

  It is a sheer coincidence. On September 4, 2015, Germany’s Chancellor Angela Merkel had initiated the open-door refugee policy to let thousands of migrants into the country. Exactly one year later, her Christian Democratic Union (CDU) faces elections in the northeastern state of Mecklenburg-Western Pomerania — the home state of Merkel — whose results could be a litmus test ...