In the News

Page 1 of 142

Order by: Date,

Altman says Putin’s Russia a weak country, may bend santions

Bloomberg Business • March 4, 2015 • Sonali Basak, Doni Bloomfield and Jing Cao

"Roger Altman, the investment banker and former deputy U.S. Treasury secretary, said Russian President Vladimir Putin is more vulnerable than people realize to sanctions that will test his population’s patience.

“A lot of people misunderstand how profoundly weak Russia is,” Altman, the co-founder of Evercore Partners Inc., told Bloomberg Television’s Betty Liu in an interview Wednesday, citing a declining population, a hobbled banking system and a currency that has lost about half its value. “Russia is on the edge.”

Robots are hurting middle class workers, and education won’t solve the problem, Larry Summers says

The Washington Post • March 3, 2015 • Jim Tankersley

"Two weeks ago, the famous economist Larry Summers sat in a chair on a stage at the National Press Club, talked with several other smart people for an hour and briefly upended a major debate in economics.

The occasion was a forum, hosted by the Brookings Institution' Hamilton Project, on technological change and its effect on American workers. Summers, the former Treasury Secretary who is arguably the most influential economist in Democratic Party circles today, joined a discussion on whether rapidly advancing technology -- like robots -- is killing jobs and hurting incomes for the middle class..."

To Fight Inequality, Tax Land

Bloomberg View • March 3, 2015 • Peter Orszag

"In the lasting debate over Thomas Piketty’s book on outsized returns on capital, a significant fact has been obscured: If you exclude land and housing, capital has not risen as a share of the U.S. economy. If you're surprised, you're not the only one. Intuition suggests this capital-output ratio should be higher today than it was in the early 1900s..." 

Signs of intelligent life in the economics profession

Aljazeera America • March 2, 2015 • Dean Baker

“The core problem is that there aren't enough jobs,” said [Larry Summers] the former Treasury Secretary under Bill Clinton and top economics adviser to Barack Obama. “If you help some people, you could help them get the jobs, but then someone else won't get the jobs. Unless you're doing things that have things that are affecting the demand for jobs, you're helping people win a race to get a finite number of jobs.” He made these comments at a conference at the Brookings Institution put on by the Hamilton Project, the economics think tank funded by Summers’ predecessor at the Clinton Treasury, Robert Rubin..."

3-2 11 AM Garland, Technology and Economy

WWL Radio 105.3 FM • March 2, 2015

Garland talks to University of Maryland Economics Professor Melissa Kearney and about how the future of technology might affect the workplace and the economy.

Competing on corporate tax

Project Syndicate • February 28, 2015 • Laura Tyson

"Corporate tax reform has emerged as an area of potential bipartisan action in the United States Congress over the next few months. But fundamental questions about the right approach remain.
There is widespread agreement that the US corporate tax system is deeply flawed. The rate is too high; the base is too narrow; it is costly to administer; and it is riddled with credits, deductions, and special preferences that distort decisions, harming the economy..."

A root cause of 21st century inequality: Wall Street

Demos • February 25, 2015 • Wallace Turbeville

"...Last week, Larry Summers made very much the same point concerning our education-centric approach to inequality. Again, he pointed to the simple fact that the economy is not generating sufficient good jobs to remedy the stagnation and deterioration of incomes of the vast majority of the population. He made his remarks at an event sponsored by the Brookings Institute’s Hamilton Project..."

Be calm, robots aren’t about to take your job, MIT economist says

The Wall Street Journal • February 25, 2015 • Timothy Aeppel

"...But at panel discussion last week at the Hamilton Project, Mr. Summers said he sees two possibilities: Automation could be making existing workers more productive or taking over jobs and leaving them unemployed, which would be a negative outcome for labor. “But in either of those scenarios you would expect it to be producing a renaissance of higher productivity,” and yet that isn’t the case..."

Here’s one business tax break an ex-White House economist wants to preserve

Market Watch • February 24, 2015 • Robert Schroeder

"...Laura Tyson, who served as director of President Bill Clinton’s National Economic Council and head of his Council of Economic Advisers, told a Senate hearing on Tuesday that Congress should keep a break for accelerated depreciation, as well as others that “actually enhance new investments.”

India’s air pollution is so bad it’s reducing life expectancy by 3.2 years

Vox • February 24, 2015 • Brad Plumer

"...A few years ago, however, economist Michael Greenstone and his colleagues found a way to conduct a quasi-natural experiment in China. They noticed that, back in the 1950s, the Chinese government started providing free winter heating via coal boilers to people living north of the Huai River. Meanwhile, those living south of the river didn't get the free boilers. This disparity gave the researchers a way to isolate the effects of air pollution..."

Page 1 of 142

Prev |

Hamilton Project Updates

A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.