FHA's 2011 Actuarial Study once again confirms that FHA is becoming ever more over leveraged and continues to pose a great risk totaxpayers.  Combine with mission creep that has turned into a gallop, and we have the makings for a taxpayer bailout.  This presentation describes the challenges posed by FHA's rosy scenarios and mission creep.

Ireland is the most egregious case of throwing caution to the wind and allowing the rediscount window to be used recklessly. The ECB’s motivation in lending to the periphery with such abandon is not so much to support those member states as to forestall a full-blown banking crisis in Europe’s core countries.

Testimony to thePresident’s Advisory Council on HIV/AIDS (PACHA), the first part emphasizing the strainrelated to tariffs on medicines, markups and access to essential medical interventions and the second part regarding mission creep in aid agencies.

The euro is in trouble, and one needn't have looked any further than the regime shakeups of 2011 for proof: both Greece and Italy lost prime ministers over the fury of the economic crisis. How did Europe's debt crisis so bad?

President Obama's charge for NASA to tell Muslims how good they are at math is representative of the catch-22 facing liberalism, as the reality of hyper-mission creep undoes the dream of a nimble, focused, problem-solving government.

If the US withholds funding to the Global Fund, it could lead to major disruptions in the delivery of life-saving medicines. But tolerating the corruption is arguably worse.

There are important differences between the current situation in Afghanistan and that in Somalia in 1993, but Somalia remains a cautionary tale.

Hope that the Global Fund's commendable effort to unearth corruption and improve its logistics is giving way to fear that money and drugs are continuing to be donated to corrupt actors--a major perversion of donor intent.