1. Port facilities near Rio de Janeiro, Brazil, March 2, 2008 (Jim Skea)

    Latin America, Riding the Commodity Boom

    Even South American nations that are hostile to freer trade are witnessing economic expansion thanks to globalization.

  1. A merchant ship sails off the starboard side of the amphibious assault ship USS Kearsarge while transiting the Straits of Hormuz, July 5, 2004

    Circumventing the Strait of Hormuz’ Bottleneck

    As Iran has threatened to shut the narrow waterway from international oil tankers, what alternatives are there?

  1. Business district in Paris, France, June 24, 2011 (Philipp Klinger)

    Bank Recapitalization Will Make Euro Crisis Worse

    Recapitalizing banks after they bought worthless Greek debt when they should have known better isn’t just wrong; it won’t work.

  1. A branch of Dexia bank, Belgium (EPA)

    Bank Bailout Invites Scrutiny of Belgian Credit Risk

    The partial nationalization of a Franco-Belgian investment bank confounds the financial difficulties of the Belgian state.

  1. Atlas statue in Portmeirion, Wales, October 5, 2008

    The Folly of a Financial Transaction Tax

    A bank levy will fail to raise revenue but not before urging companies to move their trades out of Europe.