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After weeks of belligerent rhetoric, North Korea took a pause. But where is the mercurial Kim Jong Un headed next? US officials are debating whether he may want direct talks with Washington about a formal treaty to replace the 1953 armistice agreement that ended the Korean War. The US has been pursuing a dual path, threatening military conflict (semi-believably because ...

Last Tuesday Donald Trump said that some of the people marching with neo-Nazis were “very fine people.” By Thursday, Trump shifted to talking more about monuments to the Confederacy—and so did many Democrats. And that drove a whole lot of people nuts, including several Republican anti-Trumpers who I think were quite sincere about it. Why, they wanted to know, were ...

Britain’s labor market is powering ahead, and inflation exceeds the Bank of England’s target. Is it hot in here? Don’t expect Governor Mark Carney to cool things off. Here’s a major economy where price increases have not only picked up, but at 2.6 percent easily top the 2 percent target. Unlike in the US, the euro zone and Japan, a ...

If one scorpion is removed from a bag that’s busy with them, does Donald Trump begin to look like a president? Steve Bannon, who was jettisoned from the bag today, has always been the most mysterious member of Trump’s lumpen B-Team. Most of the other scorpions have readily identified portfolios. They work in the Department of Nepotism or the Ministry ...

There is no question that President Donald Trump’s shifting reactions to the domestic terrorism in Charlottesville, Virginia, has been odious. While he condemned the murder of Heather Heyer, his equivocations, hedges and moral equivalency in the last three days signal a quiet approval of white supremacists. “What about the alt-left?” This is particularly odious because of America’s shameful history of ...

One of the greatest responsibilities of US financial regulators is to preserve confidence in the market for our federal debt, the world’s deepest and most liquid financial market. There are $19.8 trillion dollars of federal debt outstanding today, of which the public holds $14.4 trillion. This debt finances the federal government, and it plays an irreplaceable role in financial markets—facilitating ...

Why aren’t there more female software developers in Silicon Valley? James Damore, the Google engineer fired for criticizing the company’s diversity program, believes that it’s all about “innate dispositional differences” that leave women trailing men. He’s wrong. In fact, at the dawn of the computing revolution women, not men, dominated software programming. The story of how software became reconstructed as ...

Bloomberg The euro gained as European data boosted confidence in the region’s growth and a speech by ECB President Mario Draghi steered clear of any policy or currency comments to deter bulls. Gold and yen rose and stocks fell as remarks by President Trump provoked another bout of investor caution. The surprise increase in a gauge of euro-region manufacturing did ...

DUBAI / Reuters Stock markets in the Middle East were mixed on Wednesday with Saudi Arabia finding support from smaller companies while property developers were strong in Dubai. The Riyadh index edged up 0.1 percent. Nine-tenths of the top 20 gainers were small to mid-sized stocks including Saudi Indian Co for Cooperative Insurance (Wafa), which added 1.6 percent after saying ...

Bloomberg The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest US banks, lifting their annual pretax income by about 20 percent. JPMorgan Chase & Co. and Morgan Stanley would benefit most from changes to post-crisis banking rules proposed by Donald Trump’s administration, with pretax profit jumping 22 percent, according to estimates by ...