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May 19, 2014For more, visit
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ECONOMICS: The Editors: "To say that Thomas Piketty's 'Capital in the Twenty-First Century' has caused a stir would be something of an understatement. ... The book's initial reception was ecstatic; a backlash duly followed. This is a good moment to ask what, if anything, has been learned."
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ENVIRONMENT: "California has at least another five months of drought ahead, U.S. forecasters estimate, putting new pressure on everyone to conserve already stretched water supplies," the Editors write. "The good news is that officials already know how to get people to use less water. The bad news is that too few of them have acted aggressively enough."
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ASIA: James Gibney: "For all China's stern injunctions to Japan to remember wartime history, its bumbling aggression in Southeast Asia suggests it also could use a refresher course."
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U.S. ECONOMY: Albert R. Hunt: Tim Geithner's recent book "captures the traumas and tensions of the financial crisis. ... What Geithner doesn't entirely convey in his book, 'Stress Test,' is that success came at a price: more cynicism and distrust toward both government and the big banks."
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WALL STREET: Matt Levine: "I said the other day that Valeant's proposal to buy Allergan is a weird textbook for the future of M&A, but what is the Signet/Zale deal? One thing it is is a slightly embarrassing glimpse at M&A of the present."
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