Monday, April 27, 2015
  1. The Shareholder Spring Continues

    Lucy P. Marcus
  2. Asian Games Are Not Zero-Sum

    Jeffrey Frankel
  3. Debating the Confidence Fairy

    Robert Skidelsky

    Debating the Confidence Fairy

    13

     argues that what people believe about a policy usually has no effect on whether it succeeds.

    Fairy wings train tracks slump ChrisHaysPhotography/Flickr

    Confidence affects government decision-making, but it does not affect the results of decisions. Except in extreme cases, it cannot cause a bad policy to have good results, and a lack of it cannot cause a good policy to have bad results, any more than believing that humans can fly can offset the effect of gravity. READ MORE

  4. ExxonMobil’s Dangerous Business Strategy

    Jeffrey D. Sachs

    ExxonMobil’s Dangerous Business Strategy

    21

     takes the company to task for advocating the development of Arctic oil reserves.

    Arctic drilling in the Alberta Tar Sands kris krüg/Flickr

    This week, the National Petroleum Council’s Arctic Committee, chaired by the CEO of ExxonMobil, released a report calling on the US government to proceed with Arctic drilling for oil and gas, without mentioning climate change. This is just the latest reminder of the threat that ExxonMobil’s business model poses to the world. READ MORE

  5. How to Reform the IMF Now

    Paulo Nogueira Batista, ET AL

    How to Reform the IMF Now

    &  propose a solution to allow reforms to go forward without approval from the US Congress.

    IMF building Javier Ignacio Acuña Ditzel/Flickr

    Reforms that would double the IMF's resources and reorganize its governing structure in favor of developing countries have been held up in the US Congress for more than four years. The best way forward would be to decouple the part of the reforms that requires ratification by the US Congress from the rest of the package. READ MORE

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