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The Upshot

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    Governments Malfunction and the Markets Place Their Bets

    Financial markets will put a price on anything. They are trying to assess Britain’s looming exit from the European Union and the effects of political conflict in the United States, our columnist says.

    By Jeff Sommer

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    Microsoft’s Leap Into Housing Illuminates Government’s Retreat

    The pledge of $500 million to help build affordable housing in Seattle reflects a nationwide void in addressing the problem.

    By Emily Badger

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    ‘Bear Market’ Is an Arbitrary Label, but Using It Can Hurt

    Popular definitions for “bear markets” aren’t scientifically based, the economist Robert Shiller says, yet they can contribute to downward spirals.

    By Robert J. Shiller

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    Climate Change’s Giant Impact on the Economy: 4 Key Issues

    Many of the big economic questions in coming decades will come down to just how extreme the weather will be, and how to value the future versus the present.

    By Neil Irwin

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    ‘It Doesn’t Have to Be This Way.’ Why Some Boys Can Keep Up With Girls in School.

    A study shows the Asian-American gender academic gap starts later, giving educators insight into how to help boys of all races and pointing to the influence of social pressures.

    By Claire Cain Miller

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    Opioids, Car Crashes and Falling: The Odds of Dying in the U.S.

    A new report found that, for the first time, Americans are more likely to die of an opioid overdose than in a vehicle crash. But the likeliest causes of death are still heart disease and cancer.

    By Patricia Mazzei

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    The Reasonable Way to View Marijuana’s Risks

    Cannabis has downsides, but speculation and fear should be replaced with the best evidence available.

    By Aaron E. Carroll

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    The Wall Is Not Popular. (And Neither Is Trump.)

    The border wall remains popular only with the president’s base, and shutting down the government over the issue seems unlikely to win new fans.

    By Nate Cohn

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    What if Cities Are No Longer the Land of Opportunity for Low-Skilled Workers?

    Dense cities have long promised higher wages, but now that is primarily true for workers with more education, a new analysis finds.

    By Emily Badger and Quoctrung Bui

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    How Companies Like Apple Sprinkle Secrets in Earnings Reports

    Companies repeat themselves in dull earnings reports. But when they make many changes in the text from year to year, it often signals trouble.

    By Jeff Sommer

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