Ecuador economic “miracle” meets maturity

September 11, 2014

President Rafael Correa’s experiments in modern socialism helped the country cut poverty, grow and prosper. But his investment-led model has run its course. Now he has to soften his defiance of international norms, from the bond market to the World Bank, to keep progress alive.

Likonomics: the China buzzword that wasn’t

September 11, 2014

A year ago, Premier Li Keqiang seemed to be driving forward economic reform. Now he looks more of a passenger. China’s agenda is dominated by fighting corruption and targeting perceived rent-seeking. Market reforms, and foreign investors, have moved down the pecking order.

Sterling fall shows rational alarm over Scotland

By Edward Hadas
September 8, 2014

The poll lead for Scottish independence may be unreliable, but the decline of the pound – now down 6 pct since July – prices in the realistic risk of trouble. A UK breakup would be fraught, the fiscal and economic damage significant, and the loss of European status definitive.

Home Depot hack scarier than Hollywood breach

September 3, 2014

Maybe Apple et al can make the cloud more secure, but celebrities like Jennifer Lawrence also probably need to be extra careful. Violations that expose millions of people to financial loss are in a different league. Investors should punish companies that skimp on security.

Democracy snub leaves Hong Kong only bad choices

September 1, 2014

Citizens in the former colony have two options: choose between Beijing-approved chief executive candidates, or don’t vote at all. The new ruling leaves little room for compromise and risks a showdown with protesters. China’s leaders seem to care ever less what the world thinks.

TV broadcasters missing big picture in Aereo fight

August 29, 2014

CBS, Disney and others oppose the Barry Diller-backed streaming startup’s rebirth as a cable firm. But conceding could put online services and, say, Time Warner Cable on equal legal footing and create more competition for content. That’s a win for viewers and networks alike.

Bland Lagarde will escape the Bretton Woods curse

By Christopher Swann
August 28, 2014

The IMF chief is under investigation for signing off on a 403 million euro payout to a French tycoon. Her predecessor DSK and former World Bank boss Wolfowitz were both ousted for misconduct. Christine Lagarde, though, has few enemies. Being dull may prove her saving grace.

Tragedy may reshape Brazil economy, not just vote

August 27, 2014

Marina Silva, set to be the opposition presidential candidate after Eduardo Campos’ plane-crash death, is a fresh threat to Dilma Rousseff. Silva has long fought special interests. If she wins October’s election, a plausible outcome, Brazil could gain from less state meddling.

Court order adds urgency to India’s coal crunch

August 26, 2014

The Supreme Court has ruled the practice of allocating coal mines to metal and power companies to be illegal. In the long run, transparent auctions will be better. But the verdict will force the government to find a timely solution to an acute coal shortage that may now worsen.

Review: Paul Ryan changes delivery but not direction

By Stephanie Rogan
August 22, 2014

“The Way Forward,” by the U.S. congressman and former VP candidate, is more campaign manifesto than memoir. Ryan’s rhetoric has softened but his harsh policy proposals haven’t. The title is accurate in at least one way. His austerity ideas probably will guide Republican strategy.