Since President Donald Trump fired FBI Director James Comey on Tuesday, the White House has offered an evolving series of rationales for the decision. Trump himself offered a new one on Thursday -- several, actually -- but he didn‘t exactly clarify things.In an interview with NBC News, after making the implausible claim that the Federal Bureau of Investigation had been in turmoil under Comey’s watch, Trump said: “And in fact when I decided to just do it” -- that is, to fire Comey -- “I said to m

There’s growing evidence that China is finally scaling back its epic borrowing binge. That’s important for a lot of reasons, not least for reducing risk and avoiding a financial crisis. The question is whether the government can sustain the pain.Regulators in Beijing are well aware of the risks that excessive leverage poses, and have tried many times over the years to crack down. Yet they routinely fail to rein in local government officials who get promoted by boosting economic growth, regardles

I was going to write about something else today, but frankly I just can‘t work around what Donald Trump has said in multiple interviews released in the last few days. You should really see the full interviews, or at least the excerpts I’m linking to, but here‘s the gist:- He told the Economist he invented the use of “priming the pump” with regard to the economy. It’s probably most associated with Franklin Roosevelt, and even if Trump meant “came upon it” rather than “came up with it” it‘s remark