All investment managers, not just mutual funds, could now be forced to use external clearing agents to ensure third-party scrutiny, says Larry Harris of the University of Southern California's Marshall School of Business.

ECONOMIST: The Madoff affair

India's coalition government, which is led by the Congress party, survived a confidence vote in Parliament, clearing the way for it to try to finalise a controversial agreement on civil-nuclear co-operation with America.

ECONOMIST: Politics this week

South Korean and U.S. officials say the armistice can't legally be canceled by any one party to it, but Seoul is concerned that the North is clearing a path for an attack or other provocation.

WSJ: Pressure Rises on Korean Peninsula