Calpers, California’s public pension fund, is scaling back on hedge fund investments. Unfortunately, America’s pension fund managers aren’t learning the virtue of prudence, just gambling on a different game.

Allegations of an Islamic takeover of UK schools proved less sensational than first reported, but a new report reveals there is cause for alarm. And it looks like the NYT is coming around to the idea that this investigation wasn’t just motivated by Islamophobia or a partisan witch hunt.

In a court-ordered vote, Detroit’s public sector retirees have accepted the cuts inflicted by the city’s bankruptcy plan. Ultimately, this is just one part of the damage done by the city’s corrupt, one-party political machine.

The scandal gripping the Cuomo Administration is a big boost for Camp Hillary’s chances in 2016 and an ugly example of the kind of cronyism and corruption that plagues the Empire State.

The new Hungarian Ambassador to Italy thinks Jews are “agents of Satan.” While Hungary’s government is the most overtly anti-Semitic in Europe, the hatred of Jews is on the rise throughout the continent.

Iraq is using its influence in the international oil markets to throw up serious obstacles to Kurdish crude sales—and therefore Kurdish independence.

Putin reportedly ordered the Russian government to consider ending Gazprom’s monopoly on gas exports, but a Kremlin economic adviser says the state-owned firm’s grasp on markets abroad is “unshakeable.”

The IRS scandal has been clouded by partisan hype, but reports that Lois Lerner’s hard drive might not have been dead after all suggest that a tipping point has been reached.

Middle-class incomes are stagnating while prices for many basic goods and services continue to rise. It’s time to think about how to make things cheaper, not just how to subsidize their expense.

The hope that the MH 17 crash would galvanize EU efforts to impose sanctions on Russia now looks increasingly unrealistic.