As it stands now, Europe has lost its self-confidence, its energy and its hopes that the next century will be the “European century.” From Beijing to Washington—and even in Brussels it-self—the Old Continent is widely viewed as a spent geopolitical force, as a great place to live but not a great place to dream.

Some are smiling at Europe’s comeuppance. But Schadenfreude would be unwarranted, especially coming from Americans.

Location, location, location is key for ICE Trust U.S., a new clearinghouse that trades credit default swaps, the complex financial instruments at the heart of one financial crisis after another, from Lehman Brothers to AIG to Greece.

Guess which German party is most hawkish on the war in Afghanistan.

All four pillars of the Anglo-American alliance have been weakened, but its future is still in our hands.

Corporations are made of contracts, not people.

The Financial Secrecy Index is a new tool for ranking jurisdictions
according to the transparency of their financial markets.

A better way to clean up Wall Street.

Charles Hill’s Grand Strategy and Literature surprises and enthralls.

There’s a lot more Congress can do to put our financial house in order.