The United States is in a long-term struggle for influence in the Middle East with competitors such as Iran, al-Qaeda, Hezbollah, the Muslim Brotherhood, and various Salafist organizations. All have …

The European Stability Mechanism's (ESM) bank recapitalization instrument was designed to break the vicious circle tying financially weak eurozone governments to financially weak banks. It cannot, ho…

The rise of Islamist radicalism continues to threaten U.S. interests in the greater Middle East. Last year's attacks on U.S. embassies, instability in the aftermath of the Arab uprisings, and an incr…

On January 5, President Barack Obama initiated the Defense Strategy Review, identifying Asia as a priority in future U.S. military strategy. North Korea's nuclear proliferation and China's growing mi…

The Issue An approach to bank regulatory reform that restricts the scope and incentives for bank balance-sheet expansion funded by short-term debt is essential to preventing another major financia…