The banking industry suffered credit crises in the 1970s, 1980s, 1990s, and 2000s. An unavoidable conclusion is that its loan loss reserves were in all cases too small. 

Until the terrorist attacks of 9/11, the American view of radical Islam and its many discontents was shaped more by the Middle East than South Asia. The U.S. has long been at odds with the raging Ayatollah in Iran, the murderous truck bomber in Lebanon and the masked Palestinian "freedom...

Ever since its founding in 1948, the Democratic People's Republic of Korea has maintained an aggressive and bellicose international security posture. Today, fully two decades after the end of the Cold War, North Korea's external defense and security policies look arguably more extreme and anomalous than ever.

The April issue of AEI’s Political Report covers polls on the presidential contest, environmental and energy issues, and world affairs.

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Sir, Gillian Tett is distorting history by understatement ("The banks that politicians can be seen to embrace", February 18). She writes: "During the savings and loans crisis of the 1980s dozens of small banks collapsed." Dozens? Between 1982 and...

Few recognize just how troubled this government agency really is. When measured against the accounting system used by private mortgage insurers, the FHA is deeply insolvent, with a capital shortfall of tens of billions of dollars. If it were a private firm, state regulators would immediately shut it down. 

The liberal critics of Republicans want the GOP to behave itself and go back to the good old days best described by Eugene McCarthy’s quip that the chief purpose of moderate Republicans is to shoot the wounded after the battle is over. No thanks.

The number of schools ranked highly in guides such as Barron's Profiles of American Colleges is increasing, without any evidence that these schools' instructional quality is also increasing. Applicants and their families should be wary of letting these rankings serve as the main criteria in their college decisions.