Our nation’s banking system is at a critical juncture. The recent fragility and collapse of several high-profile banks are most likely not an isolated phenomenon. In the near term, a damaging combination of fast-rising interest rates, major changes in work patterns and the potential of a recession could prompt a credit crunch not seen since […]

Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. By Paul Krugman Opinion Columnist Talk of “de-dollarization” and its dire consequences for the U.S. economy seems to be all over the place lately. Somehow, my previous efforts to dampen the frenzy […]

More from our inbox: To the Editor: Re “In Vivid Detail, Trump Accuser Tells Her Story” (front page, April 27): Clear evidence suggests that Donald Trump sexually assaulted E. Jean Carroll. As is his pattern, he denies it from a distance on social media but doesn’t come to court and face cross-examination. He did the […]

The recent fall of major banks — including First Republic Bank yesterday — has caused concerns that the U.S. is on the brink of a financial catastrophe, one that could resemble the 2007-8 crisis that led to the Great Recession. Three times this year, fearful bank customers and investors have rushed to withdraw their money, […]

Marcos at the White House The president of the Philippines, Ferdinand Marcos Jr., began a four-day visit to the U.S. with a meeting with President Biden in Washington yesterday. The trip is intended to send a message to China that Marcos plans to deepen his country’s relationship with the U.S. “We are facing new challenges […]

During oral arguments for the biggest Supreme Court cases, the justices’ questions are often pointed, meant to advance their own view of the case. Conservative justices ask friendly questions of lawyers on the conservative side and burrow into the logical weaknesses of the liberal side. Liberal justices do the opposite. The five hours of oral […]

Ukraine gears up for a military push Ukrainian soldiers are getting ready for a spring offensive, and the country is under pressure to show some measure of success in bolstering morale for soldiers and civilians, shoring up Western support and reclaiming stolen territory. With fighting in the eastern Donbas region settling into a bloody stalemate, a […]

Last week, Said bin Brahim bin Umran Bakush was released from detention at Guantánamo Bay, Cuba, and returned to Algeria, his home country. Suspected of being a low-level fighter for Al Qaeda, at age 52 he was in his 21st year of detention in the prison, had no charges filed against him and stopped speaking […]

Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. By Paul Krugman Opinion Columnist Some economics textbooks used to define their subject as the “science of scarcity.” Maybe some still do. That’s actually quite wrong: Some of the most useful economics […]

During the early months of the Covid pandemic, Randi Weingarten and the teachers’ union she leads faced a vexing question: When should schools reopen? For years, advocates of public education like Weingarten had argued that schools played an irreplaceable role. School was where children learned academic and social skills. It was where low-income children received […]