Europe's banks and entire monetary system are in crisis from the sovereign debt of financially weak governments.  But the capital requirement for banks to hold such Euro denominated debt was zero.  It was defined as "risk free," but has instead led to massive losses.

The financial crisis was not caused by the disorderly bankruptcy of Lehman Brothers, but by a common shock to all firms: the decline in mortgage values after the housing bubble collapsed, exacerbated by mark-to-market accounting.

For its own sake and for that of the euro's viability, Spain needs to learn from Ireland's sorry tale.

ABSTRACT

Using 1437 samples of Ciprofloxacin from 18 low-to-middle-income countries, we aim to understand the role that regulation and distribution channel have played in signaling and ensuring drug safety. According to the World Health Organization, some poor quality drugs are deliberately and fraudulently mislabeled with respect to identity or source while...

Using 1437 samples of Ciprofloxacin from 18 low-to-middle-income countries, we aim to understand the role that regulation and distribution channel have played in signaling and ensuring drug safety.

Editor’s note: Jim Manzi is the author of “Uncontrolled: the Surprising Payoff of Trial-and-Error for Business, Politics, and Society.” He is the founder and chairman of Applied Predictive Technologies, a global provider of predictive analytics software. Manzi is a senior fellow at the Manhattan Institute and a contributing editor at...

How do groups of intelligent, sophisticated bankers, investors, borrowers, entrepreneurs, and traders find themselves caught together in the recurring bubbles and busts?

The time is coming for Romney to get angry, very angry, with what is increasingly, quaintly called "the mainstream media."