The only leverage the U.S. had was to cancel the summit as soon as it learned that China was going back on its word.

In the debates about financial regulation, Congress is failing to discuss an essential reform to the treatment of equity investments to implement a 100 percent capital requirement.

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

Because military forces not only contribute to improving security, but also improving governance, the increase of troops in Afghanistan is vital to U.S. counterinsurgency strategy.

Here is another good news/bad news column about the 112th Congress.

With the threat of a veto hanging over its head, the National Defense Authorization bill heads to the House floor today for debate. Among the provisions are several dealing with the question of a nuclear weapons armed Iran, and what the United States should do to avert a crisis, prepare to handle the threat, or eliminate the threat altogether.

The Shadow Financial Regulatory Committee applauds the reaffirmation of the importance of numerical thresholds in the leverage-ratio tests and the associatedprompt corrective actiontriggers.

Few recognize just how troubled this government agency really is. When measured against the accounting system used by private mortgage insurers, the FHA is deeply insolvent, with a capital shortfall of tens of billions of dollars. If it were a private firm, state regulators would immediately shut it down.