Spanish authorities have deluded themselves into believing that their economy is about to rebound and that Spain can muddle through, but as Greece painfully learned earlier this year, it is better to get ahead of the policy curve than wait for a full-blown financing crisis.

The government has just pumped into GM more than five times what the company was worth to its owners over the last decade. Will U.S. taxpayers ever get their money back?

Contrary to popular belief, vastly expanding our use of ethanol fuel would increase food prices, greenhouse gas emissions, and local air and water pollution.

Stabilizing the housing market appears to be a necessary condition for breaking the present cycle between a weakening economy and a deteriorating financial system.

Appeasement failed with Adolf Hitler, and it will not work with North Korea's Kim Jong Il.

The number of schools ranked highly in guides such as Barron's Profiles of American Colleges is increasing, without any evidence that these schools' instructional quality is also increasing. Applicants and their families should be wary of letting these rankings serve as the main criteria in their college decisions.

Replacing liability insurance for automobile drivers with a form of no-fault insurancewould raise premiums on more careful drivers and increase the accident rate.

Outer space has become the next frontier for American national security and business. But instead of advancing American primacy in this realm, the Obama administration has wrongly decided not only to follow a European Union draft “code of conduct” regulating outer space, but also to circumvent the Senate’s central constitutional role in making treaties.