163 Items

Activists hold up a flag of the U.S. territory of Puerto Rico, which was devastated by Hurricane Maria in September, during a protest outside the Connecticut state Capitol on Wednesday, Feb. 28, 2018. (AP Photo/Susan Haigh)

 AP Photo/Susan Haigh

Analysis & Opinions - The Washington Post

How to Actually Help Puerto Rico

| Apr. 17, 2018

Desmond Lachman, Brad Setser and Antonio Weiss have written a strong analysis of the Puerto Rico situation. If ever there was a disconnect between underlying reality and what is happening in financial markets, it is the boom in Puerto Rican debt which has nearly doubled the value of some of its debt securities over the last few months.

Markets are now pricing that close to 20 billion more dollars will come out of Puerto Rico to investors than they were at the end of 2017, following Puerto Rico’s own government, which is inexplicably projecting a substantially greater ability to repay debt today than before the hurricane.

What is going on?

In this photo taken December 1, 2017, a worker uses a torch to cut a dump truck bed into smaller pieces at Midwest Scrap Management in Kansas City, Mo. (AP Photo/Charlie Riedel)

(AP Photo/Charlie Riedel)

Analysis & Opinions - Vox

Larry Summers Makes the Case for a Government Bailout of the American Heartland

    Author:
  • Dylan Matthews
| Mar. 08, 2018

In 2016, only 5 percent of men ages 25 to 54 in Alexandria, Virginia (a rich DC suburb), were not working. In Flint, Michigan, the share was 51 percent.

That staggering fact frames a new paper by three Harvard economists — Benjamin Austin, Ed Glaeser, and former Treasury secretary/chief Obama economic adviser Larry Summers — released on Thursday as part of the Brookings Institution’s Papers on Economic Activity series.

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.