The lesson of the financial crisis is not that we should stop thinking about the future, but that we should give up the faith that wise central bankers and learned economists can make the financial world safe. They can't.

Will we recover, unbridle ourselves of debt, innovate, pay for our national security? Or, is China fated to become number one, leaving us to live in a Chinese world?

The illegal immigration problem is going away.That's the conclusion I draw from the latest report of the Pew Hispanic Center on Mexican immigration to the United States.Pew's demographers have carefully combed through statistics compiled by the U.S. Census Bureau, the Department of Homeland Security and the...

The United States and its allies and partners must not only understand Iran’s regional strategy and influence but also develop a coherent strategy of their own with which to confront them. Considering the relative economic, political, and diplomatic power of the two sides, it is unacceptable for the United States and its allies to allow Iran even such progress as it has made in these realms.

Here is another good news/bad news column about the 112th Congress.

It’s folly to expect Beijing to seriously help in curbing Pyongyang.

Elizabeth Warren is again at the center of a political controversy. Despite her insistence that she is part Cherokee, based upon “family lore” and her observation that some in her family had “high cheekbones like all the Indians do,” she has failed to produce any concrete evidence to substantiate her claim.

Before the dominance of rating agencies, investment banks had the responsibility for signaling sovereign creditworthiness by supporting after-issuance market-making in that debt.