If partisan political bickering prevents us from recognizing the reality that Iran really has scored an important and damaging victory over the United States in Iraq through the failure of the these negotiations to extend our troop presence, then the prospects for any intelligent strategy to respond to that failure are dim indeed.

The New York Times has discovered a new maturity in the American electorate.

What ASEAN, not the United Nations, should undertake is the diplomatic equivalent of a union-management negotiation.

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.

The Basel Committee on Banking Supervision (Basel Committee) is proposing to regulate bank liquidity. This marks a major innovation in the Basel approach to international banking regulation.

When rites of passage disappear from public life, civilization does as well, and one result is young men running amok.

Libya's interim government made a correct, startlingly independent judgment just before Thanksgiving, announcing that Libya, not the International Criminal Court (ICC), would try Saif al-Islam Qaddafi, Moammar Qaddafi's favorite son and once-likely successor.

The Dodd-Frank Act recognizes that investor understandings about endgame rules influence a firm’s appetite for risk and that, higher capital requirements on systemically important financial institutions (SIFIs) cannot by themselves end creditor perceptions that in most circumstances SIFIs are economically, politically, and administratively too difficult to fail and unwind.