Nationwide, as governors and legislators seek to rein in labor costs, public-employee unions are protesting that their members are actually underpaid. But a growing body of evidence strongly suggests that their protests have no basis in fact.

The Securities and Exchange Commission's lawsuits against six top executives of Fannie Mae and Freddie Mac, announced last week, are a seminal event.

It's always painful to take on the myths and ideological narratives of the left. The pundits of the liberal (excuse me, "progressive") media make a pretense of listening to reason, but when their views are challenged, they become abusive.

Drug makers aren't chasing blockbusters like Lipitor anymore, or uncovering compounds the same way.

Government-backed lenders could be a bigger problem than the savings and loan crisis.

Is India a weak link in what used to be called the global war on terror?

While Western officials debate the efficacy of sanctions, the one certainty regarding Iran’s economy is that the primary cause for its weakness is mismanagement. Iranian press analysis of domestic problems is often illuminating, as economics is the subject most immune from press censors.

There's a lot to deplore about President Obama's proposed military drawdown, but here's a possible silver lining: It may finally force the Pentagon to stop buying weapons and equipment in the wasteful way it has since the 1960s.