Laos, peru and pakistan are among places on the verge of default. Governments should be aware that there's a problem but reforms take time to pay off. It would be very helpful if financial institutions like i m f were generous in their conditions.
In a global period of belt-tightening, popular anger will spill over. Our correspondent visits places where powderkegs seem closest to being lit; our predictive model suggests where might be next. China’s spies have a deserved reputation for hacking and harassing—but fall surprisingly short on other spooky skills. And why America is suffering a shortfall of lifeguards.
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