As the United States approaches the bottom of the housing bust, American Enterprise Institute (AEI) housing expert Alex Pollock explains in a recently published piece that there are seven necessary steps to avoid another housing collapse.

The fat years of the housing bubble lasted from 1999 to 2006 - seven years. The bubble was deflating by the beginning of 2007 and collapsed into the panics of 2007-09. Since then we have been struggling in its deflated wake. If we get the Biblical sum of seven lean years, the housing and related debt markets will bottom in 2013 - not a bad forecast. 

During the past three decades, bank supervision and regulation have failed. The banking industry—in the United States and worldwide—has been beset by an array of unprecedented and severe crises. At this AEI event, professor Charles Calomiris will lay out a 10-point "incentive-robust" framework for financial reform and a panel of experts will discuss his work.

Commentators tend to assume that the Japanese constitution's strict constraints on military activity form an insurmountable barrier to vigorous defensive cooperation. However, three upcoming events show that Tokyo can play a greater security role in the region without having to revise the constitution.

There may be some efforts to slow down IPAB implementation by refusing to feed it with funding. So the likelihood is that this may die a slow, quiet death over several years, as opposed to the great horrors that people are imagining.

The Iranian nuclear weapons program, and its potential linkages to Syria, remains one of the most critical national-security challenges facing America, perhaps even the gravest near-term threat.

This paper explores the opportunities presented by the Trans-Pacific Partnership (TPP) to Japan to revitalize its trade policy, bolster economic growth, and increase participation in regional multilateral fora for the 21st century. Despite its strengths, Japan has continued to face problems caused by its economic, political,...