Critics have renewed their calls to tax the carried interest as ordinary income. Unfortunately, the populist rhetoric used by some critics can obscure the facts about how carried interest is actually taxed.

The reason why non-college white voters embrace the Tea Party movement over Democratic policies--even at their own expense--is because they value other things besides just maximizing their short-term income.

If the Noda government relinquishes its claim to the joint exploration of the seabed around the Senkakus, hesitates to modernize Japan's military and cuts back on missile defense activities, a conservative backlash could emerge, heightened by perceived regional impressions that Japan is weakening relative to China.

As the obsession with "peace processing" has consumed the Obama administration, Iran has marched inexorably forward with its nuclear-weapons program. Indeed, Iran will likely be this week's real winner in New York, exemplified by Mahmoud Ahmadinejad speaking from the same General Assembly podium just twenty-four hours after the faltering president of the United States.

Barack Obama’s presidency has had profoundly negative consequences for our national security. From debilitating cuts in defense budgets, to gutting national missile defense efforts, to his unwillingness to acknowledge a continuing war against terrorism, to his inability to stem the nuclear proliferation threats posed by North Korea and Iran....the picture is bleak.

American Enterprise Institute president Christopher DeMuth announced today that the National Legal Center for the Public Interest has been merged into AEI.

Aview of what the Bush policy was in the beginning and what it became in the end.

John Bolton argues it is time for a harsh crackdown on a misbehaving North Korea, while James Kelly thinks we need to give talks a chance.