The Short: "Out of ammo?"
by The Economist
World stockmarkets are in bear territory. Gold, a haven in times of turmoil, has had its best start to a year in more than three decades. The cost of insurance against bank default has surged. Talk of recession in America is rising, as is the implied probability that the Federal Reserve, which raised rates only in December, will be forced to take them back below zero.
The Long: "The Party Crashers"
by Jill Lepore (The New Yorker)
A lot of people, not least the candidates themselves, have been talking about political revolution and, more modestly, about party realignment. None of the candidates, not even the party favorites, are campaigning on behalf of their party; most are campaigning to crash it. Outsiders are in. Insiders are out.