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  WASHINGTON Columnists get complaints. After my last column (which argued that maybe the economy is better than we say), I got one from Alice Lang of Spartanburg, South Carolina. She accused me (politely) of ignoring the long-term unemployed, of which she is one. After our conversation, I asked her to put her thoughts in an email. Here’s what she ...

  The Federal Reserve’s decision to keep interest rates untouched was born out of optimism and apprehension. In the end, the Federal Open Market Committee (FOMC) resorted to a studied restraint. And while doing so, they issued an upbeat statement about the improving economic conditions in the US, but didn’t rule out the possibility of hiking the rates should there ...

  Eli Lake Watching Donald Trump comment on the hack of the Democratic National Committee’s computer servers brings to mind the Dave Chappelle show. In a recurring bit called “when keeping it real goes wrong,” various people would decide to say what they really felt, only to face disastrous consequences. Trump was revealing a little too much about himself when ...

  Just when it seemed that negative yields could not spread any further, they did. Corporate bonds paying negative interest rates now account for about $512 billion of market value, bringing the world close to a total of nearly $10 trillion in securities with yields below zero. Most are government securities. There are numerous explanations for this strange and unexpected ...

  A lack of ideas is a gloomy thing to behold in a tech leader. Executives try to strike all the right notes and use all the latest buzzwords, but the numbers show a disturbing trend and competitors are way ahead with real innovations that can be seen and touched. This is now happening to Apple. On Tuesday, Apple released ...

For the first time since 2009, all sectors of the economy are chugging along at normal rates: The housing industry pulled out of its nosedive, the government sector ended its downturn, and as of this quarter, the industrial recession is over. Policy makers face a new challenge, building on an economy in which no major sector is in contraction. But ...

  Satyajit Das As Europe braces for the release of its bank stress tests on Friday, the world could be on the verge of another banking crisis. The signs are obvious to all. The World Bank estimates the ratio of non-performing loans to total gross loans in 2015 reached 4.3 percent. Before the 2009 global financial crisis, they stood at ...

  London / AFP European stocks and the dollar slid on Thursday after the Federal Reserve held interest rates and indicated it would take a slow, measured approach to any hikes. Markets also digested a barrage of company results, including from Britain’s Lloyds Banking Group, Rolls-Royce and Royal Dutch Shell, as well as France’s Carrefour, BNP Paribas and Renault, and ...

  Tokyo / AFP Tokyo shares fell on Thursday as a Bank of Japan (BoJ) policy meeting kicked off, with markets waiting to see if policymakers unleash a fresh round of stimulus to kickstart sluggish growth. The gathering is the BoJ’s first since Britain’s shock vote to quit the European Union hammered financial markets and sparked a rally in the ...

  ABU DHABI / WAM Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Crown Prince’s Court has launched an education initiative to be included in school curricula and courses in the form of a subject entitled, “Moral Education”, in cooperation and ...