2011 is one of those years that historians are likely to look back on as a 'hinge.' And the truth, at once frightening and exhilarating, is that we don't know yet which way the door will swing.

If you want better behavior from bankers, then make their financial incentives more like those in the hedge-fund world - where managers have 'skin in the game,' and their net worth is tied to their long-term performance.

President Obama was right to ban torture, but the public must understand that this decision carries a potential cost in lost information. That's what makes it a moral choice.

David Ignatius Quotes