Economics & Politics

The Obama Administration is now on track to get “fast track” legislation through the Senate, heading towards a close vote in the House. The end goal is to conclude two major business treaties: the Trans-Atlantic Trade and Investment Partnership Agreement (TTIP) and the Trans-Pacific Partnership Agreement (TPP). The House Democrats are right to withhold their [...]

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President Barack Obama is making a full-court press for two new international business agreements, one with Asian-Pacific countries known as Trans-Pacific Partnership (TPP) and the other with European countries known as the Trans-Atlantic Trade and Investment Partnership (TTIP). To secure these, he is calling on Congress to pass Trade Promotion Authority (TPA), also known as [...]

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President Barack Obama and the Republican leadership in Congress are trying to pass “fast track” legislation in order to push through major economic agreements with eleven countries of the Pacific region (the Trans-Pacific Partnership) and Europe (the Trans-Atlantic Trade and Investment Partnership) without the possibility for Congressional amendments. Both are being sold generally as “trade [...]

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May 8th, 2015

A Call to Virtue

Pope Francis has declared that the joy of the Gospel can help the world to overcome the globalization of indifference to others. Undoubtedly, he will bring this message when he visits the United States. But when he does, he will face a society in thrall to a different idea—that of the unalienable rights to life, [...]

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Getting richer but not happier: it’s a familiar story, for people and for nations. The purpose of the World Happiness Report, now in its third edition for 2015, is to remind governments, civil society, and individuals that income alone cannot secure our wellbeing. True happiness depends on social capital, not just financial capital. The evidence [...]

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NEW YORK – ExxonMobil’s current business strategy is a danger to its shareholders and the world. We were reminded of this once again in a report of the National Petroleum Council’s Arctic Committee, chaired by ExxonMobil CEO Rex Tillerson. The report calls on the US government to proceed with Arctic drilling for oil and gas [...]

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Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into reach. On the other hand, they eliminate jobs, shift investments away from machines that complement labor, lower wages, and immiserize workers who cannot compete. The net effect of these offsetting forces is unclear. This [...]

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NEW YORK – It is truly odd to read Paul Krugman rail, time and again, against the British government. His latest screed begins with the claim that “Britain’s economic performance since the financial crisis struck has been startlingly bad.” He excoriates Prime Minister David Cameron’s government for its “poor economic record,” and wonders how he [...]

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Speech at Columbia University March 30, 2015 I’m grateful for the opportunity to speak today on the question “What is a Moral University in the 21st Century?”  I want to thank Dr. Robert Klitzman, Professor of Psychiatry and Director of the Masters of Bioethics Program at the Columbia University Medical Center, for taking the initiative [...]

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