“Turtles all the way down” is a handy phrase for describing how the human mind creatively fills in holes of logic. It allegedly springs from one person’s attempt to justify to the philosopher Bertrand Russell her belief that the world was floating on a giant turtle by imagining another turtle underneath it, and then another, to infinity. The image ...

  Federal Reserve Chair Jerome Powell believes that monetary policy is carried out through financial conditions, and for the time being he seems to like where they stand. As he told lawmakers, “the market has been reading our reaction function reasonably well.” That markets and the Fed are on the same page is good news for near-term volatility, but Powell’s ...

  Bloomberg South African airline FlySafair plans to add at least 10 new routes across sub-Saharan Africa to take advantage of a gap in the market left by the collapse of domestic rival Comair Ltd. The closely held carrier will fly to capital cities such as Nairobi, Lusaka and Maputo alongside holiday destinations including Victoria Falls, Zanzibar and Seychelles, according ...