November 24th, 2014

China’s New Global Leadership

NEW YORK – The biggest economic news of the year came almost without notice: China has overtaken the United States as the world’s largest economy, according to the scorekeepers at the International Monetary Fund. And, while China’s geopolitical status is rising rapidly, alongside its economic might, the US continues to squander its global leadership, owing [...]

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Pity the American people for imagining that they have just elected the new Congress. In a formal way, they of course have. The public did vote. But in a substantive way, it’s not true that they have chosen their government. This was the billionaires’ election, billionaires of both parties. And while the Republican and Democratic [...]

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October 24th, 2014

A New Macroeconomic Strategy

I am a macroeconomist, but I dissent from the profession’s two leading camps in the United States: the neo-Keynesians, who focus on boosting aggregate demand, and the supply-siders, who focus on cutting taxes. Both schools have tried and failed to overcome the high-income economies’ persistently weak performance in recent years. It is time for a [...]

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October 21st, 2014

We don’t need an Ebola czar

There is no case for an American Ebola czar, least of all another political “fixer” who has no expertise in public health. This is just another case of the Obama administration putting politics before substance, and cowering at the idiocy and vileness of the Republicans in Congress. We already have an enormously competent national Ebola [...]

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October 20th, 2014

France 24: The Interview

Watch here. Jeffrey D. Sachs is the director of the Earth Institute at Columbia University. He is also an economist and a special advisor to the UN Secretary-General Ban K-moon. Five years ago, in Copenhagen, member states failed to sign an agreement on limiting climate change. Jeffrey Sachs tells Marc Perelman that the UN Climate [...]

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We shouldn’t require a horrific epidemic like Ebola to remind us why we observe Global Handwashing Day today. But it seems, alas, many in the world can use a reminder about the importance of good hygiene. Though proper hygiene – including the use of soap and water to stop the transmission of infections – has [...]

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October 8th, 2014

Controlling Ebola: next steps

The Ebola epidemic is paradoxical: it is out of control yet readily controllable. The key to epidemic control is rapid diagnosis, isolation, and treatment of infected individuals. This approach was used in past Ebola outbreaks through contact tracing, in which anyone exposed to a person with Ebola was monitored, tested if they developed symptoms, and, [...]

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