The German Economic Crisis

The German Economic Crisis

In November 2024, Germany’s three-party coalition collapsed after months of conflict over spending, taxation and how to revive an economy that had barely grown for years. A few months later, the Alternative für Deutschland finished second in Germany’s February 2025...
Did DOGE Work?

Did DOGE Work?

When the Department of Government Efficiency was announced in November 2024, it arrived with a number large enough to transform the United States government: $2 trillion. Elon Musk argued that a team of outsiders could identify waste, eliminate unnecessary programs,...
Japan’s Lost Decades

Japan’s Lost Decades

In December 1989, Japan looked like the country that had solved the future. Its companies dominated automobiles, consumer electronics, cameras, semiconductors, machine tools and precision manufacturing. American executives studied Japanese management methods with a...
How Dubai Became Rich

How Dubai Became Rich

Dubai looks impossible. A city of glass towers, artificial islands, luxury malls, global banks, five-star hotels, packed airports, and supercars where there was once desert, creek, heat, trade, and hardship. It is one of the few places on earth where the skyline...