American Enterprise Institute economist Peter Wallison explains why the recent JP Morgan losses are proof that the Volcker Rule is unworkable and should be abandoned.

Manuel Roig-Franzia went too far in accusing Marco Rubio of "embellishing" and questioning his place as a member of the exile community. You don't charge someone of lying without proof. And you don't question the core of someone's identity without a shred of evidence.

Gov. Bob McDonnell (R-Va.) has long been on almost everyone's short list for the Republican vice presidential nomination. But now McDonnell's national security credentials have come into question, thanks to his mishandling of a bill passed by the Virginia General Assembly.

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed. 

Russian president Dmitri Medvedev's rhetoric may portend a break with the policies of his predecessor, Vladimir Putin, but to prove he means what he says, Medvedev should begin redressing some of the most conspicuous miscarriages of justice that marked the Putin regime.

Elizabeth Warren is again at the center of a political controversy. Despite her insistence that she is part Cherokee, based upon “family lore” and her observation that some in her family had “high cheekbones like all the Indians do,” she has failed to produce any concrete evidence to substantiate her claim.

Public statements by three advocates of single-payer health insurance--including President Obama--explain that a health care bill with a "government option" would move America toward a single-payer government health care system.

The invasion of Iraq marked the a new era of Pax Americana, distinguished by the energetic exercise of U.S. power not simply to protect the status quo of American global preeminence.