China and the Taliban: What to Watch

Advertisement Over the past 180 years, Afghan fighters have prevailed over the British, Soviet, and now American forces that have challenged them within their own mountainous, desert-ridden borders. Indeed, the annihilation of nearly 16,000 British soldiers, civilians, and families in 1842 as they fled Kabul remains one of the most humiliating defeats in British military history, second only to the fall of Singapore in World War II. The Soviet Union left in ignominy in 1989, although not in disarray. And the Americans are now leaving under the full weight of…

What an Adult Tricycle Says About the World’s Supply-Chain Problems

Catrike has 500 of its three-wheeled bikes sitting in its workshop in Orlando, Fla., nearly ready to be sent to expectant dealers. The recumbent trikes have been waiting for months for rear derailleurs, a small but crucial part that is built in Taiwan. “We’re sitting on $2 million in inventory for one $30 part,” said Mark Egeland, the company’s general manager. The company’s problems offer a window into how supply-chain disruptions are rocking companies in the United States and around the world, pushing inflation higher, delaying deliveries and exacerbating economic…