William Lai’s priorities are bolstering Taiwan’s defenses and consolidating ties with democracies. China is unlikely to pursue dialogue with Lai and would instead increase pressure on Taiwan.

One factor boosting the case for an early Fed rate cut is the rise in the labor force participation rate—a rise driven by immigration.

“We should look back on 1944 with a great sense of awe and responsibility” for what could have gone very differently with American history and the Cold War, says Senior Fellow Benn Steil.

Nigerians’ frustration with the Tinubu government threatens to spill over.