Ireland is the most egregious case of throwing caution to the wind and allowing the rediscount window to be used recklessly. The ECB’s motivation in lending to the periphery with such abandon is not so much to support those member states as to forestall a full-blown banking crisis in Europe’s core countries.

The hard job of addressing the unresolved problems in the mortgage market remains unaddressed and financial authorities have to end the charade that the problematic loans made as the real-estate bubble inflated will be repaid.

Baghdad is all atwitter over the P-5+1 talks with Iran beginning today. A sandstorm kept many European and Western diplomats from landing, but the Iranians were out in full force, with Iranian negotiator Saeed Jalili leading the way.

If President Obama still wants to turn our economy around, it's time for him to act more like Franklin Roosevelt-but not in the way he might think.

The reform of Sarbanes-Oxley must march on, cutting the bureaucracy and reducing the monopoly profits of the accounting firms that the act has so unfortunately engendered.

Although welfare reform reduced welfare dependency, a great deal of dependency is now diffused and hidden within larger social welfare programs.

The Department of Veterans Affairs is now paying compensation for post-traumatic stress disordera newround of veterans--those in their 50s and 60s who fought in Vietnam.

If Bono fails to correct his course, not even a hundred years would suffice to end poverty.