The Global Commission on Drug Policy, a panel of luminaries from around the world, including former Republican Secretary of State George Schultz and former Fed Chairman Paul Volcker, has concluded that the war on drugs has failed, and that countries should change their regulatory policies to reflect this reality. “The global war on drugs has [...]

I’m a bit surprised that Ted Kaufman, whose eloquent speech on FinReg said exactly what needed to be said about that legislation, was so pleased with the SEC settlement with Goldman Sachs for $550 million dollars. He says that the case proves that the SEC is back on the beat, that Goldman only made $15 [...]

Former half-term Governor Sarah Palin defended Arizona’s immigration law today. That sentence is about as much attention to her views as is deserved. (UPDATE: Except for TBogg’s whack at it.) I would rather point to a series of new studies showing that the law was birthed in and supported by ignorance of the reality at [...]

The President continues to make progress at the nuclear security summit. Today he announced a trilateral agreement between the North American countries to convert Mexico’s nuclear reactor research away from highly-enriched, or weaponized, uranium. And the communique expected later today stressing commitments to nuclear security will get followed up with enforcement mechanisms to keep track [...]