There is a well-known Chinese aphorism: "Once people walk away, the tea becomes cold." (人走茶凉.) It can take on many meanings, but its primary one is this: When someone loses their position of power, ...

Unemployment recoveries in the US have been inexorable. In the aftermath of a recession, unless another crisis intervenes, unemployment continues to glide down. Between 1948 and 2019, the annual ...