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Free exchange Global recovery R.A. | WASHINGTON An economic hiccup or something worse? Images:  IT HASN’T been the best couple of weeks for the global economy. China is officially in a bear equity market. Europe appears to be headed toward financial crisis or years of sluggish growth, or possibly both. America’s housing market stalled out [...]

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Free exchange Debt crisis R.A. | WASHINGTON Is austerity the right prescription? Images:  ONE thing just about everyone seems to agree on is that the troubled, debt-ridden nations of southern Europe need to be engaged in serious austerity in order to convince markets that their profligate days are over and debt ratios can be brought [...]

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