While much attention has been focused on China and India, other quickly emerging nations are establishing themselves as powers to contend with in their parts of the world.
Greece's unionized intelligence service is such a failure that it is "dangerous to national security," and police know the identities of domestic terrorists but cannot arrest them because of legal barriers, a former U.S. ambassador in Athens said after private talks with the country's former minister for public safety.
The bleakest year in the foreclosure crisis has only just begun.
America's free and open economy is the key to our unparalleled prosperity. It's why we have the world's largest economy and why so many people around the world want to come here. Without economic freedom, there would be no American dream. Alas, that dream is fading.
Tensions over Europe's simmering debt crisis eased slightly on Wednesday as ailing Portugal, viewed as the next candidate for a bailout after Greece and Ireland, showed it can still raise money on international markets and the EU proposed to boost the size and powers of its rescue fund.
The normally traffic-clogged streets of the Haitian capital turned quiet Wednesday as businesses closed and people walked in solemn processions to prayer services marking the anniversary of the worst natural disaster in the nation's history.
As we enter this second decade of the 21st century, it is time for the United States to embark on a new path. Call it the Reality of Austerity.
Spain, Portugal and Greece — three of the eurozone's most financially shaky members — in recent months have touted a lifeline thrown to them by China: a promise to buy these countries' embattled bonds.
Multicolored starbusts and gigantic sparklers lit the midnight sky over Sydney Harbor in a dazzling fireworks show witnessed by 1.5 million enthusiastic spectators who camped out all day to ring in the new year.
