Review & Outlook

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    A Defensive Merger

    Europe's defense giants face shrinking military spending at home.

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    Dutch Relief

    Mark Rutte shouldn't take his party's vindication as a blank check on EU bailouts.

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    Speech of the Year

    A regulator, of all people, shows how complex regulations contributed to the financial crisis.

  • Commentary

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    Eurobonds Can Save Europe's Banks

    By Robert Engle
    Jointly issued bonds used to recapitalize weak lenders would pay for themselves if the euro zone survives.

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    There's No Business Like Dutch Politics

    By Leon de Winter
    Don't be fooled by Wednesday's vote. The real vaudeville acts are preparing backstage for the next show.

  • Romney Has a Chance to Surprise at Debates

    Columnist Peggy Noonan on why the presidential debates could offer Mitt Romney the chance to surprise voters. Also, is President Obama getting too much blame for the poor economy?

Review & Outlook

Commentary

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    Chasing the Shadows From Today's Sunbelt

    CROSS COUNTRY
    By Peter Coclanis
    Much of the Southern U.S. is caught in what development economists call a 'middle-income trap.'

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    Notable & Quotable

    Economist Donald J. Boudreaux explains why the data necessary to rationally plan a market economy cannot be known to central government.

  • Weekend Books

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    Israel's Civilian-Military Divide

    The generals and politicians have surprisingly different views of the Iranian threat. Hillel Halkin reviews Patrick Tyler's "Fortress Israel."

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    The Brilliance of Carl Barks

    The inventor of Scrooge McDuck found infinite whimsy in the rigid comic-strip grid. Tim Marchman reviews "Only a Poor Man," a collection of Carl Barks's comics.

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    The Best Preparation for Battle

    The glorious tradition of football and service at West Point. Fred Barnes reviews Mark Beech's "When Saturday Mattered Most" and Joe Drape's "Soldiers First."

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    Five Best: Simon Callow

    The actor, writer and director recommends novels about life in the theater.

Today's Columnist

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    The Age of the Would-Be Princips

    DECLARATIONS
    By Peggy Noonan
    An idiot with a video camera has the terrifying power to change the world.

Best of the Web Today

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    A River in Egypt

    By James Taranto
    White House: "This is not a case of protests directed at the United States."
    Friday 4:22 p.m. ET

Political Diary

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    Ladies Night Out

    By Collin Levy
    The Senate race in Connecticut between Democratic Rep. Chris Murphy and Republican Linda McMahon has unexpectedly begun to tilt Ms. McMahon's way.

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    John Campbell's Sort-Of Conversion

    By Mary Kissel
    The California congressman has suddenly discovered the merits of private investment in housing—or has he?

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    A Tale of Two States

    By Allysia Finley
    Chicago Mayor Rahm Emanuel insists that the city's teacher strike was entirely "avoidable." Maybe so, but he probably would have needed some help from the state.

  • Online Extra

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    Who is 'Sam Bacile'?

    By Bret Stephens
    New intriguing leads on the man who made the world's most deadly movie trailer.

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