Pretend you’re Darmin Nasution, Indonesia’s central bank governor, and inflation is running at about 6 percent. Do you raise interest rates or cut them? This isn’t a trick question, but one facing Asia’s monetary authorities as they brace for a possible third round of U.S. quantitative easing, an effort by the central bank to get more money into the economy. No matter what Federal Reserve official

Despite the remarkable economic and social development it has achieved since reform and opening-up in 1978, China is still a developing nation, as indicated by both its per capita economic indices and its economic and social structure.It is necessary to take into account a country’s economic aggregate and its per capita output to accurately measure its real economic and social development levels.

America’s education-reform movement ― the most significant social movement of our time ― is just completing another productive school year, with hundreds of districts beefing up accountability and standards. Amid grim news about budget cuts, the year brought new awareness that relying on seniority alone in determining teacher layoffs is mindless. It’s like saying that if the Chicago Bulls wanted t

The protests in Inner Mongolia were the result of an unfortunate mixture of economic and ethnic grievances, which spilled into public protests after a Mongol herder was run over while trying to block a convoy of coal trucks coming in from the grasslands.The fatality galvanized latent discontent over the mining industry’s penetration of the region. Critics see this as resource exploitation that deg

What annoys you? Traffic jams, car alarms, flight delays, phone trees, junk mail? People who cut in line? People who talk loudly on cellphones? People who eat noisily and clip their nails in public? You’re not alone. These are just some of the irksome things we confront daily.Since annoyances are ubiquitous, and so many people are annoyed so much of the time, you might think that science could off

If you care about green, it’s hard not to view these as the worst of times, marked by looming climate, water and energy crises, vanishing fisheries, mile-a-minute deforestation ― the list is numbingly endless. In response, we have a largely apathetic public, an environmental lobby rendered toothless by said apathy, a political left and center paralyzed by fear that protecting the planet might hurt

Last week, tens of thousands of Israelis flocked to Jerusalem to celebrate the anniversary of the unification of the city in the Six-Day War. They gave us locals the usual traffic jams, they sang the praises of Jerusalem at the top of their lungs and then they went away, leaving us struggling with the realities of our city, which are becoming more complex every year.Jerusalem has always invoked de

I recently enlisted a friend to sit down with me while waiting for our boys to finish a class one Saturday, and we each tried to remember what we had done on the previous Sunday. It was an agonizing exercise that resulted in a blank. I could almost feel the cognitive path my mind was taking, and it always ended with a wall.Conversations with our respective wives revealed that my friend had spent m

On June 2, Robert King, the U.S. special envoy for North Korean human rights, reportedly told a House Foreign Affairs Committee hearing that the South Korean government doesn’t want the U.S. providing food aid to North Korea. He also announced that the U.S. would resume humanitarian food assistance to Pyongyang without political considerations. We heartily welcome this policy shift of the U.S. gov