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The main reason ransom demands have increased so dramatically might be government involvement. On their own, insurers and negotiators want to minimize payouts; banks question multi-million cash withdrawals, and delivery to desolate locations is complex, time consuming, and expensive. Once a government gets involved, however, these barriers are removed.
India has long seemed unable or unwilling to become a major player on the world stage. But the country’s prime minister, Narendra Modi, is looking to change all that. In order to compensate for a small and weak foreign service, he is tapping into India’s considerable soft power: its emigrants, intellectuals, and yogis.
Books & Reviews
In recent decades, most innovation has come from a single sector (information technology) and a single place (Silicon Valley). Walter Isaacson’s The Innovators and Peter Thiel’s Zero to One shed light on how that happened and what drives innovation more generally.
In the Magazine
Over the past 30 years, the rate of start-up formation in the United States has slowed down. To reclaim its status as a hub of innovation, the United States must tackle reforms in many areas, from immigration and business regulation to health care and education.