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.

With the recent publication of its final rule, the federal government's Financial Stability Oversight Council is now in position to designate certain nonbank firms as "systemically important financial institutions" (SIFIs). There is probably no aspect of the Dodd-Frank Act that will have more damaging effects on competition in the U.S. financial system.

Ineffective drugs take lives, waste money and make precious cures useless. Drugs have been recycled after their expiry date; they have been contaminated with fatal toxins; they have been made too weak or with no active ingredient at all.

If assassination was most noxious to the progressive left, the fact that a president they supported embraced the strategy has permanently nullified what otherwise would have been a staunchly partisan issue

The reality is that we simply do not know how efficacious most  drugs really are. 

The financial crisis was caused not by Lehman’s failure but by a common shock to all financial institutions that were holding privately issued mortgage-backed securities based on subprime loans. The way to prevent future financial crises is to prevent future common shocks.

Peter Wallison on new regulations based on the bogus belief that the cause of the financial crisis was the interconnectedness of financial institutions.

The European Union is planning to tax all airlines that travel to and from the 27 EU nations based on the amount of carbon emissions they produce.  The tax, to be collected beginning in 2013 for prior year emissions, will be calculated based on the length of each flight. The farther the airlines travel, the heftier the tax.