In the wake of the subprime mortgage crisis, a number of the largest U.S. banks have turned to sovereign wealth funds--the investment arm of cash-rich foreign governments--for large capital infusions to mend their troubled balance sheets. Additional large infusions of resources, which are to be expected as the subprime crisis...

Venezuelan dictator Hugo Chávez is cementing strategic relations with China; the United States can no longer afford to practice wishful thinking but must recognize the threat growing in Venezuela.

What is there about a market economy that leads large numbers of people, including a lot of intelligent people, to believe that there is something radically wrong with it?

Asia’s crisis is a reflection of massive excess capacity and the accompanying deflationary pressure.

Asia’s crisis is a reflection of massive excess capacity and the accompanying deflationary pressure.

More than most peoples, Russians are familiar with the phenomenon of the state-sponsored lie.