157 Items

Exterior of a Wells Fargo bank location in Philadelphia on Friday, August 11, 2017. (AP Photo/Matt Rourke)

AP Photo/Matt Rourke

Analysis & Opinions - The Washington Post

Wells Fargo’s Board Members are Getting Off Too Easy

| Feb. 06, 2018

A question I am asked as frequently as any other is: “Why didn’t anyone go to jail for the financial crisis?” There was huge suffering, sufficient misbehavior that the largest banks had to pay well over $100 billion in fines, and in the past, people had gone to jail for financial shenanigans during the Depression and the S&L crisis. People are usually indignant as they ask the question.

Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve, is sworn in during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, Tuesday, Nov. 28, 2017. (AP Photo/Carolyn Kaster)

(AP Photo/Carolyn Kaster)

Analysis & Opinions - Financial Times

Jay Powell’s Challenge at the Fed

| Feb. 04, 2018

Janet Yellen has completed her term as chair of the US Federal Reserve with unemployment much lower than it was when she began, inflation low and closer to target than when she began, and with the financial system better capitalised and more liquid than the one she inherited. What more can anyone ask from a Fed chair?

Nicholas Burns and Michael Froman

Martha Stewart

Newspaper Article - Harvard Crimson

Burns and Summers Talk Trade and Trump with Former USTR Mike Froman

| Jan. 31, 2018

Former University President Lawrence H. Summers and two former U.S. diplomats critiqued the Trump administration’s trade policies at an Institute of Politics panel event Tuesday.

Speakers included Michael B. Froman, who was the U.S. Trade Representative during the Obama administration, and Kennedy School Professor R. Nicholas Burns. Burns previously served as Under Secretary of State for Political Affairs from 2005 to 2008.

A recurring theme at the event—entitled “The Revolution in American Trade Policy"—was President Donald Trump’s frequently stated interest in renegotiating and leaving international trade agreements.

Video

The Revolution in American Trade Policy

| Jan. 30, 2018

Former US Trade Representative Michael B. Froman joined moderator Nicholas Burns, the Faculty Director of the Future of Diplomacy Project at HKS, in conversation at the John F. Kennedy Jr. Forum.  Larry Summers, the Charles W. Eliot University Professor of Harvard University, introduced the program. Froman discussed NAFTA, the Trans-Pacific Partnership, intellectual property rights, the US-China trade relationship, and the impacts of technology and globalization.

People arrive for the ceremony for the Crystal Awards on the eve of the annual meeting of the World Economic Forum in Davos, Switzerland. January 22, 2018 (Markus Schreiber/Associated Press). Keywords: Davos, World Economic Forum

Markus Schreiber/Associated Press

Analysis & Opinions - Financial Times

Donald Trump's Big Choice at Davos

| Jan. 21, 2018

Donald Trump will be attending this year’s World Economic Forum. Inevitably, attention will focus on whether the US president projects a commitment to internationalist values or reiterates his commitment to truculent nationalism in the name of making America “great again”. Attention will also focus on the question of the durability of the current economic and market upswing that has buoyed the spirits of businesses and investors around the world.

Two overweight women speak to each other in New York, as for the first time in history, more people suffer from eating too many calories than too few. Wednesday, February 18, 2015. (AP Photo/Mark Lennihan, File)

AP Photo/Mark Lennihan, File

Analysis & Opinions - Financial Times

To Improve Global Health, Tax the Things That Are Killing Us

| Jan. 18, 2018

The world is going through a huge health transition, where the problems of the 6bn people who live in emerging markets are increasingly the problems of the 1bn people in rich countries. For the first time in history, more people suffer from eating too many calories than too few. Improving global health is no longer primarily about combating infectious diseases.

A Chinese worker drinks a U.S. brand soda near a U.S. fast food restaurant in Beijing, China, Tuesday, November 7, 2017. (AP Photo/Ng Han Guan)

AP Photo/Ng Han Guan

Analysis & Opinions - Wall Street Journal

Q&A: Lawrence Summers on Taxes That Save Lives

    Author:
  • Kate Davidson
| Jan. 18, 2018

A new task force announced Thursday will include finance ministers, central bankers, global health experts and economists to explore how excise-tax policy can discourage people from using products that contribute to so-called noncommunicable diseases—such as diabetes, cancer and chronic respiratory illness—which are the leading cause of death in the world.

Turkey's President Recep Tayyip Erdogan, right, and Russian President Vladimir Putin walk after a news conference and talks in Ankara, Turkey on Sept. 28, 2017 (AP Photo/Burhan Ozbilici).

AP Photo/Burhan Ozbilici

Analysis & Opinions - Project Syndicate

Will the Center Hold?

| Dec. 21, 2017

The most important question facing the United States – and in many ways the world – after the events of 2017 is this: Will Yeats’ fearful prophecy that “Things fall apart; the center cannot hold” come true? Will it continue to seem that “The best lack all conviction while the worst are full of passionate intensity”? It is hard not to be concerned, but it is too soon to anticipate failure.

A student sits at her desk in a classroom at Columbus Elementary School, in Columbus, New Mexico on March 31, 2017 (AP Photo/Rodrigo Abd, File).

AP Photo/Rodrigo Abd, File

Analysis & Opinions - The Boston Globe

Lost Einsteins: What Does It Take to Realize Every Child's Potential?

| Dec. 19, 2017

In a knowledge economy, our greatest natural resources are not pulled from the ground. They’re in the minds of our children. But while we have continued to invent clever new ways to extract natural capital, a recent report from the Equality of Opportunity Project makes the case that we’ve been less successful in tapping the potential of our students.

In this December 4, 2017, photo, part of the Republican Senate bill "Tax Cuts and Jobs Act" is photographed in Washington. Republican tax legislation advancing toward final votes in Congress could undermine “Obamacare” health insurance markets, and add to the financial squeeze on Medicare over time.  (AP Photo/Jon Elswick)

(AP Photo/Jon Elswick)

Analysis & Opinions - The Washington Post

We Are Even More Convinced That Thousands Will Die Prematurely if the ACA is Repealed

| Dec. 12, 2017

On December 11, The Washington Post published an article by Casey Mulligan and Tomas Philipson attacking Lawrence Summers’s statement that “thousands” of individuals would die if the Republican tax bill became law. Summers reached his estimate after carefully reviewing the literature and consulting with health economists Jonathan Gruber and Mulligan and Philipson’s University of Chicago colleague Dean Kate Baicker, who has published a number of influential studies on the effect of health insurance on health.