Without Tourism, Italy’s Economy Faces Disaster
Foreign visitors have helped prop up the faltering Italian economy. If they don’t come back, the country is in trouble.
The Coronavirus Is Creating a Crisis on Europe’s Borders
European countries have suffered from the pandemic, but their southern and eastern neighbors are faring even worse—setting the stage for financial ruin, political instability, and a surge of refugees.
The Coronavirus Will Destroy Turkey’s Economy
Ankara’s finances were weak before the pandemic—but the combination of external debt, a public health crisis, and a president who chooses to protect his reputation rather than his people could spell disaster.
Are the Markets Underestimating the Coronavirus Depression?
As we saw during the last financial crisis, the “smart” players aren’t always so smart. One thing we know: The world economy will never be the same.
The Democratic People’s Republic of U.S. Monetary Policy
Congress is outsourcing more and more policymaking to the Federal Reserve.
What the 2008 Financial Crisis Can Teach Us Today
With a potential recession around the corner, it is worth remembering how regulators contained the last panic.
Politics Without Parties
From Poland to Iceland, citizens’ groups are taking matters into their own hands and bringing about genuine political change from outside the party system.
Books in Brief: The Latest Reads on the Financial Crisis, the Rwandan Genocide, and What It Means to Be a Nation
Also: Works on India’s rise, the history of U.S. trade politics, and social media’s role in modern conflicts.
Why Is PM Modi Blaming Indira Gandhi for India’s Cash Crisis?
A present political conflict may explain why India's prime minister is blaming the past for his problems.
If Anyone Can Bankrupt the United States, Trump Can
The president-elect’s economic plan is a ticket to debtor’s prison.
Inside Venezuela’s Prison Underworld
Behind bars, a vibrant community of barber shops, DJs, and churches thrives. But the gangs in charge also ensure a consistent flow of drugs and cash.
The Weird New Normal of Negative Interest Rates
The United States, Germany, and other economic powerhouses haven't learned the dire lessons of Japan's lost decades.
Europe’s Future Will Be Decided at a Quaint Renaissance Italian Bank
Italy’s third largest bank needs a bailout. What happens next could mean a revolution in Rome – or in Brussels.
Building on Sand
Out of cash and out of options, America's cities need a new plan—and they might need Washington to design it.
In Praise of Capital Controls
The shifting winds of market-based monetary policy in the wake of the global financial crisis.
Failures to Launch
What the Boeing Dreamliner saga, the torture report, and the Iraq War tell us about the successes and failures of accountability in the United States.
D-Day for Draghi
The eurozone's central bank is up to something big. And this time, global investors could be hitting the beaches.