The so-called BRICS 'club' of nations – Brazil, Russia, India, China, South Africa – plan to start a development bank to rival the World Bank. This challenge to the Western-driven liberal order relies to a large part on that order.
A new Brookings Institution study points to a 'permanent' inequality of income in the US, mainly because workers haven't adapted to rapid technological change. Reducing this underclass starts with workers themselves.
The SEC exposes Illinois's misleading reports on pensions while Greece cleans up its financial data to help end the euro crisis. Clean accounting, like light on a dark street, helps eliminate financial deceit.
For all its flaws and risky outcome, Kenya's presidential election reveals a shift from tribal identities toward a better civic-mindedness. Voters did not want a repeat of the tribal violence after the 2007 election.
As the first nation to reverse a strong preference for sons over daughters – and the sex-selective abortions that come with it – South Korea deserves praise. Other countries, such as China and India, now have hope of ending this violence against girls.
Former DEA chiefs and an international anti-drug body advise President Obama and the Justice Dept. to uphold federal anti-marijuana law against legalization by Colorado and Washington states. Why not listen to those on the front lines of the drug wars?
As China endorses a reformer as president and the EU and US plan a free-trade pact, the competition to set trade rules heats up. A EU-US pact would strengthen their economies and send a signal to China to take more responsibility for higher trade standards.
A dangerous confrontation between China and Japan over the Senkaku islands can be deflected if China returns to the idea of laying aside sovereignty claims in favor of seeking joint development of any seabed wealth.
The enforced austerity of the eurozone crisis has roused surprising public anger. European governments are falling. The US need not follow this path if Washington finds a consensus over fiscal issues like 'the sequester.'