Nicolas Sarkozy needs new models for his country. He need only gaze across the Rhine. Why France should become more like Germany. By Melvyn B. Krauss.

We Americans save very little while borrowing a lot from abroad. Should we worry? Not necessarily. By Mohamed A. El-Erian and Michael Spence.

Reliance on oil is a major environmental concern and national security issue among industrialized nations, particularly the United States, which uses and imports more oil than any other country. Former CIA director and Hoover Institution senior fellow R. James Woolsey Jr. talks about his take on ending the oil era.