A Pew study finds a $1 trillion gap in state obligations for pensions and health benefits of government workers. Rather than a federal bailout, many states need to follow the reforms of more frugal states.
Other countries that use the euro want to see proof that Greece is taking painful austerity measures before they spell out what a rescue might look like. It's a return to concern about 'moral hazard' -- which got trampled in the rescue of the US financial system.
Obama's 2011 deadline for a US pullout has pushed Pakistan, India, and Afghanistan into action. The capture of Taliban commander Baradar fits into a contest for influence.
The unity government that joined strongman Robert Mugabe with democrat Morgan Tsvangirai a year ago has lasted longer and accomplished more than many people expected. But it's in trouble, and needs a push from neighbor South Africa.
Financial markets are alarmed by the public spending binge in Greece, causing a slide in the euro. The lesson is basic: Countries with high deficits, including the US, must get their fiscal house in order.
Iranian opposition hits the streets in face of shah-like brutality and pro-government rallies. Khamenei's tactics only highlight his illegitimacy.
The use of 'service learning,' unlike general volunteering, connects good deeds to academic work. Students engage the real world, and stay in school.
The Prius recall by Toyota is another wake-up call for the Japanese to shift their corporations, government, and society to a new economic strategy.
The likely presidential winner, Viktor Yanukovich, was once the villain of the 'Orange Revolution.' He needs to bridge deep divisions at home and abroad -- and revive a badly beaten economy.
Of everyone in Washington, he’s in the best position to move Republicans and Democrats toward solutions, especially on jobs.
Revenue-hungry states are asking why Congress bans sports betting. Their attempts to repeal a 1992 law must be resisted. Sports must not be corrupted by gambling.
Consistent pressure from US safety officials finally pushed Toyota into recalls and halting sales of potentially dangerous vehicles.
His emphasis on incentives may win over critics. But that effort won’t be worth it if he also waters down standards with new ‘college and career readiness’ benchmarks.
The White House shifts from conciliatory diplomacy to get-tough actions, notably in arms sales to Taiwan and in stiffer sanctions on Iran for its nuclear deceit. Obama can no longer appear to be weak, but then again, there are risks to adopting a confrontational style.
Obama’s high-speed rail plan starts America down the track to a more efficient way of transport. But this high-cost investment will need long-term commitment from the public and private sectors.
A year late, Obama presses hard for the most effective job creator: tax credits for businesses that hire new workers.
The proposed ban on burqas speaks more to the problem of integrating Muslims than to any supposed challenge to the French Republic.
Even before his State of the Union address, the president’s big reform is a tougher stance on banks. But can regulators really keep banks small by assessing risk?
Corporations need to more fully acknowledge the cybercrime threat and step up their defenses. Electronic spying on the US oil and gas industry is the latest example of the problem.
It should support a bipartisan commission to secure the country’s fiscal future.