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To Russia with Social Media
Esther Dyson Series: Net World 
2010-03-19How can Russia - or any country - create its own Silicon Valley? The answer is not lots of money in proximity to a great university or two, but rather a culture that rewards thoughtful innovation and considers mistakes the price of learning.... read Comments: 1 Recommended: 1 Read: 635
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Funding a Global Health Fund
Jeffrey D. Sachs Series: Economics and Justice
2010-03-19
World leaders will come together at the UN in September in order to accelerate progress towards the Millennium Development Goals, three of which involve bringing primary health services to the entire world’s population. The key step to saving millions of lives each year - at a very modest cost - is to expand the Global Fund to Fight AIDS, Tuberculosis, and Malaria into a Global Health Fund.... read Comments: 0 Recommended: 0 Read: 828
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Assault on the OAS
Jorge G. Castañeda Series: The Statesmen's Debate
2010-03-18The OAS will have to decide on March 24 whether to re-elect Chilean diplomat and politician José Miguel Insulza as its Secretary General. But the OAS is facing a broader challenge in the threatened departure of the so-called ALBA countries - Cuba, Venezuela, Nicaragua, Ecuador, Bolivia, and Paraguay - which are seeking to establish a rival organization.... read Comments: 0 Recommended: 0 Read: 906
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Paid to Fail
Lucian Bebchuk, Alma Cohen and Holger Spamann Series: The Rules Of The Game
2010-03-18
In a report just filed with the US court that is overseeing the bankruptcy of Lehman Brothers, a court-appointed examiner described how the firms' executives deliberately pursued an aggressive investment strategy, took on greater risks, and substantially increased leverage. In this way, they literally destroyed the company - but, worse still, they were paid to do so.... read Comments: 1 Recommended: 0 Read: 934
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The Euro Zone’s Default Position
Simon Johnson and Peter Boone Series: The Hopeful Science
2010-03-16Like the over-leveraged euro-zone countries today, Kazakhstan binged on easy loans from global investment banks in recent years, before its banks defaulted on their loans in 2009. If European leaders are smart, they will recognize that a Greek default is similarly inevitable - and that it may be just what the European (and global) financial system needs.... read Comments: 2 Recommended: 0 Read: 3258
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The Kremlin Temptation
Dominique Moisi Series: European Observer
2010-03-15
France’s recent sale of four powerful Mistral-class warships to Russia has evoked comparisons with Germany's go-it-alone strategy toward the Kremlin. Indeed, European leaders may ultimately be doing the same thing, but they are all doing it separately, as competitors vying for Russian favor rather than as partners within a supposedly tight-knit Union.... read Comments: 1 Recommended: 0 Read: 1221
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States of Risk
Nouriel Roubini Series: After the Storm
2010-03-15Unsustainable private-debt problems must be resolved by defaults, debt reductions, and conversion of debt into equity. If, instead, private debts continue to be excessively socialized, the advanced economies will face a grim future: serious sustainability problems with their public, private, and foreign debt, together with crippled prospects for economic growth.... read Comments: 1 Recommended: 0 Read: 5574
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Cars, Bombs, and Climate Change
Bjørn Lomborg Series: Global Warning
2010-03-12
Why are we willing to calculate costs and benefits when it comes to addressing traffic safety and terrorism, but not when devising policies to deal with climate change? A constructive dialogue about the smartest policy responses to global warming requires replacing our fixation on far-fetched, Armageddon scenarios with realism about the true costs of confronting this challenge.... read Comments: 1 Recommended: 0 Read: 2638
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Japan’s Financial Truant
Yuriko Koike Series: Asia Watch
2010-03-12Last year, Japanese voters chose the Democratic Party of Japan in order to change the country. Instead, they have mostly seen the same old political scandals - and, worse, the same inaction on restoring the country's fiscal and economic health.... read Comments: 0 Recommended: 0 Read: 1510
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The End of an Era in Finance
Dani Rodrik Series: Roads to Prosperity
2010-03-11
On February 19, the IMF published a policy note that reversed its long-held position on capital controls and effectively ended the era of border-free global finance. Taxes and other restrictions on capital inflows, the IMF’s economists wrote, can be helpful, and they constitute a “legitimate part” of policymakers’ toolkit.... read Comments: 1 Recommended: 1 Read: 7704
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