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A website forum in which senior fellows of the Peterson Institute for International Economics discuss and debate their responses to global economic and financial developments as they occur each day and offer insights that others might overlook.
Presumably the rulers of Dubai and Abu Dhabi are currently locked in negotiations regarding the exact terms that will be attached to a “bailout” for Dubai World. We’ll never know the details but if—as seems likely—the final deal involves creditors taking some sort of hit (perhaps getting 75 cents in the [...]
Just when momentum was starting to build for increased capital requirements as the core element of an approach that will rein in reckless risk taking, Morgan Stanley effectively demolishes the idea.
In “Banking—Large & Midcap Banks: Bid for Growth Caps Capital Ask,” (no public link available) Betsy Graseck, Ken Zorbo, Justin Kwon, [...]
Before heading to Asia in November, President Obama announced that a White House “jobs forum” will be held in December on jobs and economic growth.1 The president called for “openness to any demonstrably good idea to supplement the steps already taken to put American back to work,” while simultaneously [...]
Hard on the heels of his tour of China—a visit that produced mixed results and even more mixed reviews—President Obama welcomes Prime Minister Manmohan Singh to the White House in the first state visit of his presidency. For both Mr. Obama and Dr. Singh, the trip will be important symbolically, politically, [...]
“American taxpayer dollars should not be used to finance those Chinese jobs.“
Who could disagree with Senator Schumer’s statement, which accompanied his recent call for cancellation of $450 million in federal stimulus funds for a new $1.5 billion wind park in Texas—on the grounds that it [...]