Housing for professionals working in the modern economy are challenged in most of the world’s mega-cities. Lagos is no exception, as profiled by the BBC. Its reporter estimates that “middle-to-high-income” housing can cost between $5,000 and $40,000 a year. But the practice of paying a year’s worth of rent upfront sets Lagos apart: the BBC’s reporter was asked for between $11,000 and $22,000 for a two-bedroom apartment with electricity in a good Lagos neighborhood, Victoria Island.

The so-called Taylor Rule in monetary policy suggests how the Federal Reserve should adjust interest rates based on movements in inflation and economic output.  Although the Fed has never explicit…

Israel’s government is grappling with a moral imperative to help Ukraine in a war that recalls its own struggle to maintain sovereignty while acknowledging that cooperation with Russia is vital to it…

The World Next Week podcast is up. Bob McMahon and I discussed the one-year anniversary of the killing of Osama bin Laden; the upcoming U.S.-China Strategic and Economic Dialogue in Beijing; UN Secre…