Tuesday's proceedings showed divisions among Security Council members severe enough to be uttered in an open session. They also pointed to a future deadlock on Middle East issues as well as human rights violations elsewhere in the world.
America doesn't need to cut itself off from the world entirely, but it does need to get wise to the fact that the rest of the world views trade (correctly) as an arena of national rivalry, and start playing the game.
As the Syrian military killed more and more people, all 15 members of the U.N. Security Council for the first time condemned the government's use of force against civilians and its gross violations of human rights.
Rating agencies are in an inextricable situation when it comes to sovereign ratings. On the heels of their near-collapse of structured products, they must confront the issue of the credibility of sovereign ratings in a holistic way.