AEI and the Project 2049 Institute will cohost a conference examining US policy toward China, particularly American engagement of Chinese civil society.

The $2 billion loss by JPMorgan Chase has reawakened debate about whether banks are taking excessive risks, but many facts have gotten lost in the breathless media coverage.

The Sunshine Policy, an effort to engage North Korea initially implemented under South Korean president Kim Dae Jung, appears increasingly ineffective in light of North Korea's continued nuclear threat and oppression of its people.

In November 2011, the OCC, FRB, FDIC, and SEC issued a530 page joint proposal to implement Section 619 of the Dodd-FrankAct (the "Volcker Rule") to bar banking entities and their affiliatesfrom engaging in short-term proprietary trading. 

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed. 

The Bush administration has taken three small steps toaid America's position in East Asia; however, it is not enough.

Prohibiting their bond trading will seriously weaken banks and the markets that banks supply with liquidity.