Investors on Edge About a Potential Shadow Fed Chair

At every level of government, authority figures are embracing once-extreme ideas, including that the Earth is flat or that the state controls the weather.

The next German government faces calls to loosen borrowing rules, slash energy costs and spur innovation. It won’t be easy.

Billionaires and multimillionaires are flocking to a city where power has been more important than money, but is now deeply intertwined with it.