November 2 marks the 90th anniversary of the Balfour Declaration, when British foreign secretary Arthur Balfour committed the British Empire to establish a Jewish homeland in Palestine. This pivotal event led 31 years later to the establishment of the State…

On March 27, 2003, Paul Wolfowitz, then deputy secretary of defense, predicted that Iraq’s oil revenue would “finance” its reconstruction and do so “relatively soon.” With wise investment and management, Wolfowitz might have been right. Even though its oil sector…