Today marks the first anniversary of the revolution that overthrew Egyptian President Hosni Mubarak. Oddly enough, many tears have been shed for the departed Mr. Mubarak—and not just tears from his military cronies, his business cronies, his family cronies, and the Israelis, who had gotten used to the devil they knew in Cairo.

Japan continues to grow, defying the expectations of pessimists and triumphalists alike.

Robert Novak, in his half-century of Washington reporting, found that the fondest hopes of optimists usually turned out to be unrealistic and that the astringent analysis of pessimists often turned out to be accurate.

The mortgage bust has got worse than even pessimists like me expected.

One massive writedown after another is announced by large and presumably sophisticated financial companies.

They seem to have thought that risk could be calculated by a model, but the real definition of risk, as propounded by an...

While there is widespread agreement that the substantive results of the World Trade Organization (WTO) Hong Kong Ministerial meeting were meager, there is no agreement on where the Doha Round negotiations go from here. Optimists still hold that breakthroughs are possible over the next few months and that the round...

The smart money in Washington is betting that the super committee will fail because the two parties cannot find common ground. But there is common ground for the taking. We suggest three principles that should command broad bipartisan support.

The problems facing Asian democracy today are ones of implementation, not a question of the fundamental suitability of democracy for Asian cultures.

The potential for arecord-breaking U.S. current-account deficit--mostly the trade deficit--has business writers from here to Shanghai hitting their exclamation keys.