We are not in a cold war with China. That is too simple a metaphor to describe the state of Sino-American relations.

As Secretary of State Hillary Clinton heads to China this week for yearly strategic consultations, a daring bid for political asylum has highlighted the seething dissent beneath China’s surface stability.

Under the Dodd-Frank financial-reform law, large nonbank firms may be declared systemically important because their failure will cause a systemic breakdown. In effect, this amounts to a government statement that these firms are too big to fail.

Bad as Obama's policies are for America, they are equally dangerous for friends who have relied for decades on the U.S. nuclear umbrella as a foundation of their own national security strategies.

Chinese strategists are thinking how to win a nuclear war. What is the U.S. doing?

The reception in Moscow to U.S. Ambassador to Russia Michael McFaul during his first few months on the job has been unusual, if not downright hostile, a lot more Cold War than Russian Reset.

Longstanding policies that were intended to promote confidence in the independence of regulatory decision-making have now been wiped away by the Dodd-Frank act, which has in effect placed all the financial regulators under the direction of the Treasury secretary.

Secretary Geithner argued that we have forgotten the reasons that the Dodd-Frank Act was necessary, and that's why the act has become so controversial. What the secretary seems to have missed is that we have learned a lot in the intervening years. The administration's rush to judgment on the financial crisis is a case study in why it would have been worthwhile to wait for the facts.