The U.S. Treasury is able to borrow at low rates because it’s the world’s provider of safe assets. A debt default would end that privilege, write Arvind Krishnamurthy and Hanno Lustig.

Retirees are exposed to a lot of risk. Employers, and the government, need to do more to help them manage it, writes Martin Neil Baily.

Palforzia shows how science and business don’t always align, Allan Sloan writes.

Before you congratulate the Fed for beating inflation, consider what else it’s setting out to do, J.W. Mason writes.

American consumers are starting to fear that technology will undermine their freedoms. A change is coming for the industry, Mark Penn writes.

Work rules in Nafta and its successor could help with North America’s labor shortages. But Washington isn’t interested, Edward Alden writes.

Russia is no longer the No. 1 oil exporter. But it’s making more than enough revenue to get by, Christopher Weafer writes.

The patchwork that has held markets together is coming undone. Creative destruction will follow, Karim Fawaz writes in a commentary essay.

The forces that are fragmenting supply chains are also creating historic opportunities for innovation and growth, writes Alex Capri.

A grim year for the economy need not translate into a grim year for financial markets, writes Nathan Sheets in a commentary essay.

Believing that the Fed has inflation under control today could be a painful mistake, Peter Cramer writes in a commentary essay.

In both China and the U.S., blaming the other is politically expedient, Stephen Roach writes.

Investors can find reasons to celebrate the outcome of COP27, but governments failed to take action to keep warming below safe levels, Mindy Lubber writes.

The Bali summit was a sober admission that U.S.-China strategic competition is on an escalatory course, writes Reva Goujon.

The metaverse will be an augmented world that allows us to live our normal lives while enhancing and embellishing our surroundings, Louis Rosenberg writes.