A potential European banking crisis would spill over to the US financial system, which has very close links to the European banking system.

The Greek tragedy is far from over as the debate over whether to accept debt-forgiveness conditions upended the government in Athens. Furthermore, other debt-laden European nations risk going under.

The economic tragedy that is post-colonial African history, indeed, arguably constitutes the twentieth century"s single greatest developmental failure.

The subordinated debt issued by Fannie Mae and Freddie Macis notcredibly unprotected and of sufficient size.

Further postponement of an Argentinedebt restructuring is likely to increase the damage both locally and in other markets.

Obama's military budget presages retreat.

A no-bailout policy is the only regulation hedge funds need.

The global crisis has significantly weakened both the traditional allies of the United States and those nations with whom there has been disagreement.