The two parties are having a heated debate over the Republican plan to slice $61 billion off Uncle Sam’s projected $3.6 trillion budget. If the Republicans get their way, the deficit will fall from 9.5 percent of gross domestic product to 9.1 percent. If they don’t, they’ll probably shut the government for a couple of days. Then they’ll compromise on, say, a $40 billion budget cut, having proved t

NEW YORK ― After Saddam Hussein’s fall, the United States successfully pressed creditors to write off much of Iraq’s external debt. Senior American officials, including Paul Wolfowitz, later president of the World Bank, argued that the Iraqi people should not be saddled with obligations that the dictator contracted in order to enrich himself and oppress his subjects. Citing a long-standing doctrin

In 2009, a United Nations panel led by Richard Goldstone issued a 575-page bombshell of a report. It accused Israel of committing war crimes against the Palestinians in a three-week Gaza invasion. The Goldstone report was a diplomatic bonanza for Israel’s enemies around the world. The report was so damning that some Israeli officials stopped traveling abroad for fear they’d be arrested for war cri

ZURICH ― Discussions within the European Central Bank’s Governing Council, which is poised to meet on April 7, are about to get hot. The risk that rising inflation in emerging Asia could spill over into Europe will pit the Bank’s inflation hawks against those in favor of ensuring as fast a return to full employment as possible. But what may cause even greater dissension is a renewed clash of natio

Recently a family friend, knowing that I write books, asked how she could copyright her daughter’s poetry. For the record, the girl is 13. My answer ― don’t worry about it ― was the same one I give to writers fretful over Google’s plans to digitize the world’s books. Go ahead, Google. Scan my out-of-print works, now otherwise available for a penny (plus shipping) from used-book sellers on the Inte

Something fascinating is afoot in Japan: anger. People are fuming about the nuclear crisis that put their nation in the spotlight for all the wrong reasons.The response is restrained compared with the perpetually aggrieved Tea Party crowd in the U.S., or Chinese who lash out at anyone abroad with the slightest criticism. Germans are plenty annoyed about bailing out deadbeat nations sharing the eur

Initial public offerings. Big takeovers. Nerdy 20-somethings getting rich quickly. To borrow a phrase from an old Prince song, the markets are suddenly partying like it’s 1999 again. The tech bubble is back. Facebook Inc. is commanding an enormous valuation. So are Groupon Inc., Twitter Inc. and LivingSocial.com. Even Rovio Mobile Oy, the small Finnish company behind the hit app Angry Birds, looks

When former President Jimmy Carter last visited Cuba, in 2002, he delivered a remarkable speech via the state-run media that criticized the Castro dictatorship and exposed listeners to the truly revolutionary idea that it’s up to the Cuban people, not the one-party regime nor any foreign government, to determine Cuba’s future.Naturally, his visit raised hopes that this might represent an ever-so-s

Even people in the sports world are not free of this craze for money as more in-depth reports on the arrest of three soccer referees show. Lu Jun was arrested for taking bribes from local soccer teams. Before being exposed, he was known as the “golden whistle” for his “integrity.” He officiated in two matches at the 2002 World Cup finals in South Korea and Japan. Praising the clean soccer administ

Conservative Utah has bucked the national GOP trend of embracing hard-line ― and arguably inhumane ― laws meant to make states inhospitable to illegal immigrants. Two weeks ago, Utah Gov. Gary R. Herbert signed into law a bill that will grant work permits, and a path to legal residence, to undocumented immigrants and their immediate families.And conservative Arizona, which last year passed the ant

With U.S. President Barack Obama on Monday announcing his re-election campaign bid, the unofficial starting whistle for the 2012 election has been blown. In a highly unusual move, Obama will be the first U.S. president in modern history to place his campaign headquarters outside of the Washington D.C. and suburban Virginia corridor (basing it instead in his home city of Chicago). The president hop