My colleague at the Council on Foreign Relations, Paul Swartz, has graphed the shift in the composition of the Fed’s balance sheet. The Fed has extended a lot of credit to the financial system -- …

Significant Middle East Developments Egypt. Hundreds of people were injured today when supporters and opponents of Egyptian leader Mohammed Morsi clashed violently in Tahrir Square for the first tim…

The Cuban missile crisis brought the United States and the Soviet Union closer to nuclear war than any other event during the Cold War. President John F. Kennedy put the odds of war at “somewhere bet…

Last year Mexico, Venezuela, and the Dominican Republic held presidential elections, leading to some of the region’s biggest news stories of the year: the PRI’s return to power and the strong second …

“I think that I shall never see / A poem as lovely as a tree.” Most Americans know the opening lines of the poem “Trees” by Joyce Kilmer. What they probably don’t know is that Kilmer was a war hero—t…