Economics & Politics

January 12th, 2018

A bold bid for climate justice

Published on CNN. (CNN) Americans are paying a fearsome price for global warming. The federal government’s National Oceanographic and Atmospheric Administration reported earlier this week that the three powerful Atlantic hurricanes of 2017 — Harvey, Irma and Maria — cost Americans $265 billion, and massive Western forest fires another $18 billion. Scientists have shown that human-induced climate change [...]

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Published in The Boston Globe. It is hard to see bitcoin’s price surge as anything other than a bubble that will ultimately collapse. Bitcoin’s ostensible social function as an anonymous, nongovernmental means of payment carries big risks of its demise. And while blockchain, the platform that records bitcoin transactions, may well have staying power, there [...]

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December 29th, 2017

A Trump Christmas Carol

At the behest of the US, the UN regular budget for 2018-2019 has been reduced by $285 million per year. But the world receives an astounding return on its investments in the UN, and member countries should be investing far more, not less, in its organizations and programs. This Christmas, America’s gift to the world [...]

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Published on CNN. (CNN) America’s powerful corporations made a killing with the passage of the Republican tax cuts. The tax cuts will hand trillions of dollars to the companies and their moneyed owners following a massive corporate lobbying campaign. Yet the US government announced this month an even graver corporate killing. According to the Centers for Disease [...]

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(CNN) I am writing from Beijing, China, where forward-looking policies in infrastructure, technology and diplomacy have fueled rapid economic growth and even more remarkable technological advancement. By the mid-2020s, China will most likely lead the world in key technologies for low-carbon energy, robotics and advanced transportation, among other areas targeted in China’s long-term development strategy. Read more in CNN. 

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With America AWOL and China ascendant, this is a critical time for Germany and the European Union to provide the world with vision, stability, and global leadership. And that imperative extends to Germany’s Christian Democrats and Social Democrats. Read more at Project Syndicate.

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November 28th, 2017

The tax bill shouts, ‘Greed!’

The tax cut effort is an exercise in greed and arrogance. The nation faces a fiscal crisis (rising debt, large deficits, and major budget needs such as infrastructure), a social crisis (falling incomes for the bottom half), and a political crisis (a collapse of trust in public institutions). The public is against Donald Trump’s tax [...]

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Professor Jeffrey Sachs speaks at “Shaping the Sustainable Insurance Agenda in North America,” organized by UN Environment’s Principles for Sustainable Insurance Initiative (PSI) and Munich Re, US, discussing the crucial role of insurance companies in taking climate action.

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(CNN) Dear Sens. Susan Collins, Bob Corker, Jeff Flake, Ron Johnson, John McCain and Lisa Murkowski: I fear for the future of our country. I know that you do as well. You are patriots first and partisans a distant second. We are at a defining moment in our history: The tax cuts just passed by the House [...]

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If the tax cut passes, it will constitute the largest heist in human history. This is daylight robbery by the super-rich against the rest of society: homeowners, students, the middle class, the young, the poor, indeed everybody who doesn’t own a significant stock portfolio. The result will put America into a tailspin: falling home prices, [...]

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