Economics & Politics

April 21st, 2014

Putin’s Perilous Course

NEW YORK – The dangers of the crisis in Ukraine cannot be exaggerated. Russian President Vladimir Putin is overtly and covertly inciting separatism in eastern Ukraine, and has declared Russia’s unilateral right to intervene there, in complete contravention of international law. Russia’s provocative policies are putting it on a collision course with the West. Putin [...]

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March 21st, 2014

Market Reformer

Jesus’ teachings offer good news for the righteous, whether they are the poor and marginalized or the rich who are generous with their bounty. All can find a place in the kingdom. Yet there is little comfort for those who expect that their wealth alone will save them. The story of Lazarus and the rich [...]

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March 6th, 2014

A New Post-Soviet Playbook

Events are moving rapidly in Ukraine; a political and economic crisis has escalated into a military confrontation. The mass uprising in Kiev that toppled Viktor Yanukovych’s corrupt and incompetent regime did so without a clear framework for restoring democratic rule and maintaining a stable and responsible foreign policy toward Russia. After Yanukovych fled Kiev, Ukraine’s [...]

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February 17th, 2014

From Moscow to Sochi

NEW YORK – The Winter Olympics in Sochi are the first to be hosted by Russia since the Cold War-era Moscow Summer Games in 1980. Obviously, much has changed politically in the interim. But today’s Games also create an opportune moment to look back at Russia’s recent economic history – and to peer forward as [...]

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February 7th, 2014

MSNBC on Gutting the Budget

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The new Congressional Budget Office outlook for 2014-2024 makes for grim reading. While the budget deficit is temporarily down to around 3 percent of GDP, this has been achieved by budget cuts that are gutting the capacity of the federal government to address our nation’s economic, social, and environmental needs. And the situation gets worse [...]

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Download full paper here: Development Structure and Transformation McCord and Sachs NBER 73485-w19512 ABSTRACT: We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize that economic development is a complex process driven by economic, political, social, and biophysical forces. Some economists have argued that the patterns reflect mainly the historical footprint of [...]

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