Rick Santorum speaks during the Iowa Faith & Freedom Coalition's Spring Event in Waukee, Iowa March 7, 2011. (Brian Frank/courtesy Reuters) Pennsylvania State University can claim many accomplishmen…

Enrique Peña Nieto had a very good weekend. While Americans were grumbling about record-breaking heat and residents of Washington, D.C., were learning to live without air conditioning because powerfu…

Mark Whitehouse highlighted the deterioration in the US income balance in yesterday’s Wall Street Journal.   The US paid more in interest and dividends on its external borrowing (and foreign equity i…

There is a lot of angst right now about the dollar, and specifically about the dollar’s ability to remain the leading global reserve currency. Look at the FT leader at the end of 2007, or Daniel…

China’s reserves reached $1,038.7 billion ($1.0387 trillion) at the end of November – an increase of $29 billion over October.     China then added another $27.6b in December, bringing its reserves u…