The Bank of Korea (BOK) has become the first advanced Asian economy to raise interest rates after the pandemic. This isn’t a one-and-done. When central banks start cutting or raising borrowing costs, they rarely pause after one move, because a single step gets little macroeconomic traction. Policy makers also face a public-relations debacle if they abandon new strategies quickly. So ...

“The North American cavalry was competent,” Jair Bolsonaro, then a lawmaker, told the Brazilian legislature in 1998. “Having wiped out its Indians in the past, nowadays the country doesn’t have this problem.” Land, he added, should be allocated “in proportion to the population.” Nothing suggests his retrograde views on Brazil’s original inhabitants have changed since he became president nearly three ...

Bloomberg Employers weighing whether to follow Delta Air Lines’ lead and impose financial penalties on their unvaccinated employees could charge an unlimited amount depending on the type of wellness plan they choose. The airline said that it would institute a $200 monthly surcharge on health premiums for employees who haven’t received a Covid-19 vaccine by November 1. Rather than imposing ...