The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. This tax would be calculated not only based on mileage flown in EU airspace but also for the entire length of the flight (thus, Chinese and Japanese airlines would be taxed for an entire journey from Beijing or Tokyo).

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed. 

It’s depressing to watch, but it is missing the point that the Volcker rule would not have prevented the loss and is probably unworkable.

Moreover, most allies haven't a clue how the pivot will manifest itself and what role they should be playing. If a "pivot" means anything, it is at the least keeping security commitments. Now Obama has made one -- helping Taiwan close the "fighter gap."

For several years now, President Obama and his allies in the environmental movement have promised to usher in a green economy that will create millions of new green jobs that “can’t be outsourced.”

Prohibiting their bond trading will seriously weaken banks and the markets that banks supply with liquidity.

Arthur C. Brooks was a Seattle-born liberal, but today he is president of the American Enterprise Institute, a center-right economic think tank in Washington, D.C.Brooks sees two competing visions for America’s future. To him, our excessive government spending and regulations have pushed us near a tipping point,...