Colleges are producing worse and worse returns on investment, and parents are beginning to take notice.

Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...

China is heading for a hard landing in 2012 or 2013 for three reasons: Excess capacity tied to overstimulation of investment in export industries and weak domestic demand growth, a bursting speculative bubble in its real estate sector, and a sharp slowdown in global growth.

With the bursting of the US housing market bubble in 2007-08, praise for Alan Greenspan soon turned into almost universal condemnation. It is all too likely that a similar fate awaits Jean-Claude Trichet as the euro unravels over the next year or two.

We are still suffering from the bursting of the housing bubble and now some people see signs that another bubble is bursting--the higher education bubble.

Has Alan Greenspan joined the ranks of bubbleologists?

There are many reasons to fear that 2012 will be a highly challenging year for the US economy. This is not only because the economic recovery will face considerable headwinds and could be hit by a European financial shock, but also because the US appears to have run out of fiscal and monetary policy space to counter any renewed economic downturn with an additional stimulus.

The U.S. military faces a readiness crisis - one confronting not just its people and end-strength cuts - but pushing equipment to the breaking point. Across all services, long-standing readiness problems are worsening and breakdowns are happening more frequently.