It’s the beauty part of free-market capitalism: To successfully pursue happiness, you must help others do likewise.

The alarm bells are now ringing for the Federal Housing Administration, with delinquencies increasing.  The immediate and pressing issue is the safety and soundness of FHA today and the risk it poses to the taxpayer.  

It’s easy to muster a cynical response to Tuesday’s announcement that the world’s largest health products company, J&J, is replacing their current CEO William Weldon (athletic white male and former sales rep who rose through the commercial organization) with Alex Gorsky (athletic ...

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.

Today with GDP growth slowing, the rupee softening and the stock market in a funk, it's time to reassess Prime Minister Manmohan Singh's record.

The Japanese economy, the world’s second largest, may be sliding into a recession with serious global repercussions. Inflation is at a ten-year high, incomes remain stagnant, and rising commodity prices are hurting Japanese manufacturers. With the country still struggling to recover from the downturns of the 1990s, Japan’s policymakers are...

Reform focused on sustainable lending would have FHA target a projected average claim rate of 5 per 100 insured loans under normal circumstances and 10 per 100 insured loans under stress circumstances.  This rate is about five times the normal default level for prime loans and about half the FHA's traditional default level under normal circumstances.

How to deal with China’s ever-growing trade surplus has become one of the key economic policy challenges confronting the United States. The importance of this issue was highlighted by the recent high-level visit to Beijing of U.S. Treasury secretary Henry Paulson and Federal Reserve chairman Ben Bernanke.

At this event,...