Recent Posts

US split over whether college endowments should be taxed

Bloomberg Americans are divided over whether US college endowments should have to pay a new federal tax, according to a national survey on higher education. Fifty percent of respondents sided with the wealthy private schools while 43 percent agreed the tax should be levied, and 7 percent were unsure, according to data published on Monday by Boston public media producer ...

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Trump needs allies for US-China trade divorce

As the trade war between the US and China drags on with new tariffs and no end in sight, we need to ask ourselves: What do they want? A fundamental objective for both is to become less reliant on the other. The trade war should thus be reframed as a conscious uncoupling. Behind the rhetoric from both sides lies a ...

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This financial system can’t be fixed

Ten years after a crisis that brought the world to the brink of Armageddon, the people overseeing the world’s largest economy insist they’ve reduced the risk of another financial disaster. Just one problem: We need a different financial system, not just better risk management. I had a front-row seat for the watershed event of the 2008 crisis, the failure of ...

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