Libya's interim government made a correct, startlingly independent judgment just before Thanksgiving, announcing that Libya, not the International Criminal Court (ICC), would try Saif al-Islam Qaddafi, Moammar Qaddafi's favorite son and once-likely successor.

Vincent R. Reinhart suggests the Fed promise to purchase government and mortgage-related securities in order to bolster the confidence of household and investors, and, in effect, encourage spending.

Even if California pays its short-term commitments with IOUs it still faces the $24 billion deficit, and the state is looking at impractical ways to solve it.

It is no accident that arrest warrants never seem to be issued for the likes of Kim Jong Il or Mahmoud Ahmadinejad, since the real targets of universal jurisdiction these days are Western nations.

This event will discuss how Israel should respond to Iran's continuing nuclear development.

More than 30 years after the Islamic Revolution, Iran remains a black hole for American analysts. The unknowns regarding Iranian command, control, and capabilities represent an intelligence failure the likes of which make the Central intelligence Agency's 2002 false findings regarding Iraq weapons of mass destruction program look like small potatoes.

Long after Henry Paulson is gone from the Treasury, Washington will be wrestling with the problem of what to do about Fannie and Freddie.

With the recent establishment of a Constitutional Convention, the European Union has embarked on an ambitious course toward political union and a larger, more centralized and "federalist" Europe. Some observers have welcomed this development as a necessary move towards further economic liberalization and the democratization of bureaucratic, unaccountable European institutions....