After Russia’s Ukraine invasion, oil prices skyrocketed to over $100 a barrel. Could oil-consuming nations organize a buyers’ cartel to cap the price of oil? David Wessel explains what it would take to implement an oil price cap and warns of an unpleasant alternative that could lead to a painful global recession.

The United States has normalized a path from high school to low-wage employment, unemployment, and poverty for its youth—especially those who are female, Black, and Latino or Hispanic. “It is time to reject this pattern and create the conditions for all young people to thrive,” Martha Ross and Anthony P. Carnevale write.