Treasury Secretary Jack Lew tells Congress no federal bailout for Puerto Rico is in the offing, but urges it to grant the commonwealth access to federal bankruptcy courts instead.

Millions of Indians rely on the annual monsoon rains, which climatologists predicted would be absent this year due to El Niño. Luckily, they were wrong.

Communists increasingly realize in China that the war against religion isn’t succeeding, and are now looking to support “indigenous” Chinese religions and traditions against Christianity, Islam, and “new religions” like the cult of Falun Gong.

In a bid to counter China’s ambitions, India is putting billions into blue water naval power. The latest result is a powerful, and home-built, sub hunter.

Charges are being prepared against the former Greek finance minister over evidence that he had illegally planned to create a parallel payment system. But indicting him for treason would be the wrong next step.

A panel of German economists have broken a European taboo by calling for failing members of the currency union to have the option of leaving the euro. The Italians, French and Spanish are going to hate this.

It’s already easier and cheaper now to start a business than ever before, and developments like Amazon’s Launchpad platform could make it yet easier for new companies to find their markets.

The H-2 visa is a problem. The free market offers a solution.

Helping prisoners get an education is a good move, but it’s unfortunate that the Administration is choosing to take steps unilaterally.

A preview of Canberra’s soon-to-be-released defense policy indicates that it will be spending a lot of money building up naval and air power, with an eye on China.