Hope springs eternal among policy makers in Europe’s beleaguered periphery. At five minutes to midnight in Athens, and with a bank run having started in Madrid, these policy makers cling to the forlorn hope that somehow Germany is going to relent on its strong opposition to euro bonds.

In a newly published op-ed, American Enterprise Institute (AEI) scholar Paul Wolfowitz, Mark Palmer, and Patrick Glenn emphasize that foreign assistance alone is a poor solution to reducing poverty and ineffective at improving governance in transitional democracies. Instead, the United Nations should establish Millennium Governance Goals.

The accounting problems of Fannie Mae have focused attention on the two ways they make their profits. A substantial part of their earnings comes from buying and holding mortgages and mortgage-backed securities (MBS), but they also earn substantial amounts by charging fees for guaranteeing that investors will receive full payment...

How a forced stand-off between two groups who have equal and opposing claims on the outcome could have been avoided entirely.

Progress against poverty requires measuring countries by the rule of law, judicial independence and free speech.

The Dodd-Frank legislation has many problems and omissions, and much is still uncertain about implementation. But the new liquidation authority provides for the possibility of making it so that future crises do not involve the bailouts of creditors that truly embodied the problem of having banks that are too big to fail.

AEI resident fellow JD Kleinke, an expert on health care business strategy and entrepreneurship offers a fresh perspective on the recent fracas over insurance mandates to cover contraception.

Serious Republican candidates should be able to agree that as president, they will reverse the Obama administration’s headlong rush for the exits in Afghanistan and Iraq.