The $2 billion loss by JPMorgan Chase has reawakened debate about whether banks are taking excessive risks, but many facts have gotten lost in the breathless media coverage.

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

"The choice in this election is between an economy that produces a growing middle class and that gives people a chance to get ahead and their kids a chance to get ahead, and an economy that continues down the road we are on, where a fewer and fewer number of people do very well and everybody else is running faster and faster just to keep pace."

Under current law, the U.S. Department of Defense automatically faces significant spending cuts over the next 10 years—cuts that america's civilian and military leaders have cadidly described as "devastating" and "very high risk."

Unlocking "unconventional" energy requires unconventional politics, and that's one resource that is genuinely scarce among today's backwards-looking bureaucrats and green interest groups.

In an explosive memoir released today, former CIA counterterrorism chief Jose Rodriguez provides new evidence that Rep. Nancy Pelosi lied when she declared she had not been briefed about the use of waterboarding.

Reviewing "The Myth of The Paperless Office" for the New Yorker in 2002, Malcolm Gladwell argued that if the computer had come first, and paper didn't exist, someone would have had to invent it.  Paper, it turns out, is a lot more useful than we typically appreciate.

It’s the beauty part of free-market capitalism: To successfully pursue happiness, you must help others do likewise.