Industrial electricity prices in Europe are double American costs, and 20 percent higher than what Chinese businesses pay. That’s the latest alarming news out of the European Commission, and it’s understandably got many on the continent worried about European industry’s ability to compete. The FT doesn’t like what it sees.

A team of reporters at the International Consortium of Investigative Journalists got their hands on leaked documents that reveal a startling truth about modern China: Communist Party leaders and their friends, family members and associates—22,000 of them in all—hid as much as $4 trillion in offshore accounts since 2000. This is pretty big news. The report took two years to investigate and China blocked the website of the ICIJ and the Guardian and other outlets that cooperated on the story. It reveals something that many of those following the Snowden-NSA hubbub seem to have forgotten: America actually has less to fear from leaks and hacks than many other countries.

Illinois’ modest but much-needed pension reform may not be the lifeline that spendthrift lawmakers were hoping for: a new report says that despite the pension bill, a legislature living outside its means is still running up a mammoth budget deficit to the tune of $13 billion.

Over the past several weeks a rift has appeared between Turkish Prime Minister Recep Tayyip Erdoğan and his ideological former partner, a reclusive imam who preaches tolerance and runs a worldwide network of charities and schools from a refuge in the Poconos. The split is dividing Turkey, and it could have the effect of ending years of economic growth.

China is building a military and administrative outpost on Woody Island in the South China Sea, and according to Reuters will soon base a 5,000 ton coast guard vessel there to patrol disputed ocean territory. Woody Island, called Yongxing in China, is the seat of the Chinese prefecture of Sansha. Several nearby island groups come under Sansha’s administration, including the Spratly Islands, the Paracel Islands, and the Macclesfield Bank, all of which are also claimed by Taiwan, the Philippines, Vietnam, or some combination of all the above.

The decoupling of economic growth from energy consumption—the ability to produce more units of GDP from each unit of energy consumed—is one of the most important trends going for the environment. The environmental movement has been slow to embrace this phenomenon, but as BP writes in its annual Energy Outlook, the world is figuring out how to grow green.

As America’s largest generation ages, most of its members are opting to continue working past the traditional retirement age of 65, according to a new Gallup poll. For Millennials and Gen Xers, this trend throws up yet another obstacle to landing a job or being promoted.

If you were uninsured before Obamacare, you’re probably still uninsured. The WSJ reports that new analysis of early enrollment data shows that vast majority of those who signed up for Obamacare had insurance before. Instead of actually helping the uninsured, the ACA is currently just inducing demand for a different kind of insurance product among those well-off enough to have had insurance already. This law was supposed to be a huge leap forward in health care policy, the centerpiece of a progressive agenda designed to expand access to health care while reducing costs. So far, it hasn’t fulfilled a single one of these promises, and our broken health care system stands just as much as ever in need of radical new solutions.

To see Delhi’s Chief Minister being beaten up by the city’s own police force is a bizarre sight indeed. Even though Arvind Kejriwal, the leader of India’s upstart Aam Adami Party (AAP), is now in office, he has been sleeping on the streets for the past few days along with hundreds of his supporters, demanding police reforms.

Known as Taliban Khan by his detractors, Imran Khan, the cricketer-turned-politician, has been the most vocal supporter of dialogue between the state and the Taliban to end an insurgency that has so far cost upwards of 50,000 lives. His insistence on negotiations has made him look desperate and weak as the Taliban continue to wreak havoc across the country, killing 40 people in separate bomb attacks over this weekend alone.