Economic View: A Tax Overhaul Would Be Great in Theory. Here’s Why It’s So Hard in Practice.

House Republicans have an ambitious plan for overhauling the way American businesses are taxed. A short list of the plan’s potential benefits looks awesome: It would give companies more incentive to keep jobs in the United States, less to overextend themselves on borrowed money and provide vast savings by reducing what companies spend on tax lawyers, who help them game the current system.

Taboo Italian Thinker Is Enigma to Many, but Not to Bannon

ROME — Those trying to divine the roots of Stephen K. Bannon’s dark and at times apocalyptic worldview have repeatedly combed over a speech that Mr. Bannon, President Trump’s ideological guru, made in 2014 to a Vatican conference, where he expounded on Islam, populism and capitalism.

Plan for $10 Billion Chip Plant Shows China’s Growing Pull

After Intel and Foxconn said they would build advanced factories in America, it might have seemed as if the United States were gaining high-end manufacturing momentum. But on Friday, the California-based chip maker GlobalFoundries announced a $10 billion project in China, showing how the center of gravity continues to shift across the Pacific.