The conceptual deficiencies of the fair value accounting theory make it a poor choice for most companies as an accounting standard.

Theunfair and faulty"fair-value" accounting theory isdetrimental to themarket economy.

Nongovernmental organizations are growing in number and finding ways to survive in China, even though the country's political limits artificially restrict their growth, as they take up political issues but are not yet political actors.

This Outlook elucidates the key elements of Russian president Dmitri Medvedev's modernization campaign, listing the areas where it is badly needed but has not been applied, and suggests tests for its implementation.

While Europe should not treat Turkey unfairly, neither should the AKP. It would be a historical tragedy if one party"s fumbles undercut the Turkish dream.

Shareholder access proposals, masquerading as the questionable notion of "shareholder democracy," would hamper corporate efficiency and profitability.

India has long experienced terrorism--usually from isolated ethnic insurgencies in remote parts of the country. More recent attacks--including in Mumbai in 2008--are being committed by urban, middle-class jihadists, often with the tacit support of Pakistan.

The Iranian president increasingly appears an outcast if not a lame duck.