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The waves from Brexit start to spread
Brexit is in train. If journalism is the rough draft of history, instant blog responses are even cruder responses to events. Nonetheless, here are some...
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Global risks of Brexit dwarf the likely direct impact
Prime Minister David Cameron © Getty Images
Voters will decide on Thursday whether or not the UK will withdraw from the European Union. At one...
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The assault rifle-bank account paradox
When our grandchildren read about America in the second decade of the 21st century, they will find much that surprises them. Here is something that astonishes...
World stumped by stubbornly low inflation
There is no evidence that policymakers are acting strongly to restore their credibility
No free lunches but plenty of cheap ones
By improving incentives or making strategic investments we can achieve conflicting objectives
Heed the fears of the financial markets
They understood the gravity of the 2008 crisis well before the Federal Reserve
Central banks wrong about room for action
The unresolved question is how policy can delay and ultimately contain the next recession
Grasp the reality of China’s rise
Reasonable dialogue requires a recognition of the tensions between short and long-term interests
Fed looks set to make a dangerous mistake
Raising rates this year will threaten all of the central bank’s major objectives
Long-termism no panacea, but it’s a start
The real need is for a cadre of trusted, tough-minded investors that will support strong management teams
- Deirdre McCloskey Ethical business
- Fidelity snubs Dimon’s best practice plan
The economic traps to avoid
Clear-eyed, bold action is what the world requires if the financial drama is to subside
Europe’s failed state in waiting
Greece is no longer about numbers. It is about the high politics of Europe
Setback to American leadership on trade
We do not need more globalisation, but to make sure the globalisation we have works for all citizens
Ukraine merits debt reduction
Failure to cut burden would confirm view that private interests influence public policy too much
Time US woke up to new economic era
Failure of strategy and tactics was a long time coming and it should lead to a comprehensive review
Trade deal must work for US middle class
The view is that trade and globalisation have increased inequality in the US
Inflation should be the focus for Fed
Aborting recovery and risking a further slowing of price rises is potentially catastrophic
Morning again for the middle classes
There is little hope for integration and co-operation if it is seen as benefiting a global elite
Time to put a proper price on carbon
The fall in oil prices and declines in other energy prices make the case for a tax overwhelming
A sign of lost collective faith
The only answer is prompt and aggressive responses to failure
Companies on trial
Brandon Garrett asks whether America’s legal system has swung too far towards rehabilitation at the expense of deterrence and punishment
ABOUT LAWRENCE
Lawrence H. Summers was director of the National Economic Council for President Barack Obama until November 2011. He is currently the Charles W. Eliot University Professor at Harvard University and Weil Director, Mossavar-Rahmani Center for Business & Government at the Harvard Kennedy School. He served as 27th president of Harvard from July 2001 until June 2006 and has served in a series of senior public policy positions, including secretary of the treasury of the United States, political economist for the President’s Council of Economic Advisers and chief economist of the World Bank.
In 1993 he received the John Bates Clark Medal, given every two years to the outstanding American economist under the age of 40. Mr Summers received his BS from MIT and his PhD in economics from Harvard.
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Chief Executive - Mayflower 400 UK
Mayflower 400 UK
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Director of Financial Services
InCommunities
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Marketing Director
True North
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Interim Finance Director
Marks Sattin - C&I Temporary
Severe consequences if Trump wins
He could surely set off the worst trade war since the Great Depression, writes Lawrence Summers