Climate Change: Developing Countries Control the Thermostat

In December 2009, representatives of nearly 200 governments met in Copenhagen, Denmark, to hammer out the details of a new climate change treaty. Treaty drafts indicated that industrialized countries would be required to reduce their greenhouse gas emissions – primarily carbon dioxide (CO2) – up to 80 percent by 2050. Developing countries would not be required to reduce emissions much, if at all. However, no agreement was reached and no firm emissions reduction commitments were made.

Financial Crisis: Lessons Learned

There are many critical lessons to be learned from the financial crisis that began in the fall of 2008 and how it has since been handled. The federal government responded aggressively – at a huge cost – but nearly two years later little progress has been seen in the country's economic health. If the nation's financial services industry is to be revived, the system needs to be restructured and rebuilt from the ground up.

Financial Crisis: The Fall of the House of Cards

Each financial crisis is different, yet they all feature financial institutions making promises they cannot keep. The conventional explanation for the 2008 financial crisis and recession is that it was caused by a housing bubble, spurred by the Federal Reserve's low interest-rate policy and by lax regulatory oversight. All three claims may be true, but they do not identify the underlying institutional cause.

Nightfall in America – The Wall Street Journal

Is it, as President Reagan's re-election commercial said, "morning in America"? Back then it was, but not anymore; it is economic evening in America as our nation's spending, government programs and deficits balloon. The federal deficit this fiscal year will be $1.6 trillion, or about 10.6% of gross domestic product.

Commentary: Answers needed on climate

The Climate Gate scandal is a textbook case of professional malfeasance that should give Congress reason to pause before agreeing to a binding international agreement that would hamstring the world economy in order to prevent the climate from changing.

Ten Small-Scale Reforms for Pre-Existing Conditions

Most proposals for dealing with the problems of pre-existing conditions would completely divorce health insurance premiums from expected health care costs, requiring health plans to enroll individuals regardless of their health status. Yet a policy of trying to force health plans to take enrollees they do not want risks jeopardizing the quality of care they receive.