Business Sense

What They Don’t Tell You about Climate Change

Two years ago the world pledged to keep global warming “well below” 2°C hotter than pre-industrial times. Climate scientists and campaigners purred. Politicians patted themselves on the back. Despite the Paris agreement’s ambiguities and some setbacks, including President Donald Trump’s decision to yank...

TPP Redux: Who Needs America?

Reviving the original Trans-Pacific Partnership, a trade deal between 12 countries around the Pacific Rim, is technically impossible. To put the accord into force, members making up at least 85 percent of their combined GDP had to ratify it. Three days into his...

The Oil Market Loses Its Head, Again

Only one thing spooks the oil market more than hot-headed despots in the Middle East, and that is hot-headed hedge-fund managers. For the second time this year, record speculative bets on rising oil prices in American and European futures have made the market...

Endangered Species: America’s Dwindling Global Influence

A year ago, Donald Trump was elected president. Many people predicted that American foreign policy would take a disastrous turn. Trump had suggested that he would scrap trade deals, ditch allies, put a figurative bomb under the rules-based global order and drop literal...

Token Resistance: Regulators Eye Initial Coin Offerings

"I’m gonna make a of money on August 2nd on the Stox.com ICO.” Written in July on Instagram, these words made boxer Floyd Mayweather the first big celebrity to endorse an “initial coin offering,” a form of crowdfunding that issues cryptographic coins or...

The Other Side of Paradise

The week of November 6-10 was uncomfortable for a host of well-heeled figures. In the frame were U2’s Bono, Commerce Secretary Wilbur Ross of the United States and Queen Elizabeth of Britain, as well as some of the world’s most valuable companies, including...

Is Social Media a Threat to Democracy?

In 1962 a British political scientist, Bernard Crick, published In Defense of Politics. He argued that the art of political horse-trading, far from being shabby, lets people of different beliefs live together in a peaceful, thriving society. In a liberal democracy, he wrote, nobody...

Whatever Happened to Inflation?

A few years ago the news about the euro-zone economy was uniformly bad to the point of tedium. These days it is the humdrum diet of benign data that prompts a yawn. This week figures show that GDP rose by 0.6 percent in...
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THE Senate Committee of the Whole’s scheduled...
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