The relentless cash squeeze facing the Windy City has forced the public school system to borrow money at ruinous interest rates.

Refugee chaos may deprive the EU of one of its most important economic tools.

Ankara is now squeezed between the fight against IS in Syria and the fight against the PKK at home.

For decades, banks in China haven’t really had to worry very much about whether their loans were smart business decisions. No longer.

Assad continues air campaign as US-backed talks grind to halt. Somewhere in the Kremlin, Putin is smiling.

To keep its share of its most important market, Gazprom may have to start cutting prices for its European customers.

In recent years, Australia has looked to South Asia for business, but those countries’ economies, starting with China’s, are slowing.

Britain has a genuinely different perspective on many problems in Europe—one which could help Europe, if Britain can bring its weight to bear.

Colleges that accept federal loans should be required to mandate a course in financial literacy for freshmen.

The following text is based on a longer paper written for a conference on “The City and Religion” at the University of Darmstadt, Germany, January 2016.