The cataclysmic events on Wall Street have shelved, probably for some time to come, two fashionable topics of macroeconomic debate.
The first has been over not merely whether, but how fast, economic power would shift from the United States to the “new wealth-creators” - China and, down the line, India, Brazil and even resource-rich Russia and [...]

It’s always a little disconcerting — and even irritating — when stars at awards shows, dripping in Chopard jewelry and self-regard, try to banter about current events. But there is at least one reassuring point to it: if television actors feel free to make light of dark events then things must not yet be that [...]