Celebrity Life

Every year, multinational corporations divert some $1.38 trillion in profits away from the countries where they were made to places with much lower, or even zero, corporate tax rates. And while much of this is strictly legal, that doesn’t make it right. Lower tax rates can encourage innovation and investment. But the combination of complex…

"For anybody who thinks they’ve got us on the ropes, the history of London is Muhammad Ali, knocking people out"

Every morning, Mei Yi waves goodbye to his wife and 3-year-old son and sets off for his finance job in central Beijing, riding into town by public bike share. Like most urban Chinese, the 37-year-old has long abandoned cash and instead pays for his commute—and a lunchtime bite from a convenience store in his office…

It hasn’t always been easy to discern from a Western vantage point, but the rise of China and Asia has been the most important economic development of the past four decades. In 1979, many Chinese people had an average income of less than a dollar a day. Today, Shenzhen, China’s tech capital, has a per…