BusinessWeek

What Should Europe's Crisis Teach the U.S.? Nothing

  • By
  • Charles Kenny,
  • New America Foundation
June 26, 2012 |

As European Commission President Jose Manuel Barroso arrived at the Los Cabos meeting of the G-20 last week, he made one thing clear: “We’re not coming here to receive lessons … in terms of how to handle the economy.” That’s because “the European Union has a model that we may be very proud of.” After all, Barroso noted, the crisis in the euro system all started because of “unorthodox practices” in the U.S. financial sector.

IMF to the U.S. and Europe: Help Not Wanted

  • By
  • Charles Kenny,
  • New America Foundation
June 15, 2012 |

As the Great Recession rumbles on, hitting the old, very rich countries of Europe and North America far harder than the new, somewhat rich economies of Asia and Latin America, the traditional order of global financial governance is looking increasingly frayed. At the Group of 20 summit in Los Cabos, Mexico, on June 18-19, world leaders are expected to issue bold statements about their commitment to reshaping institutions such as the World Bank and the International Monetary Fund to reflect shifts in the economic balance of power.

The U.S. and Europe Are Blocking Global Cooperation

  • By
  • Charles Kenny,
  • New America Foundation
June 11, 2012 |

Leaders of the world’s largest economies are off for a G-20 get-together June 18 in Los Cabos, Mexico. No doubt, their closing communiqué will declare that the governance of the International Monetary Fund and the World Bank should “more adequately reflect changing economic weights in the world economy in order to increase their legitimacy and effectiveness.”

The Global Obesity Bomb

  • By
  • Charles Kenny,
  • New America Foundation
June 4, 2012 |

New York Mayor Michael Bloomberg was in the headlines last week for his proposal to ban soft drink servings over 16 ounces. It’s the latest front of his war against obesity, which kills 5,000 residents in the city each year. (The mayor is the founder of Bloomberg LP, which owns Bloomberg Businessweek.)

The U.S. is a heavyweight champion in fat. It has the most obese population of any industrialized nation. About two-thirds of all adults in the country are overweight and one-third are fully obese, according to the World Health Organization.

The Big Mac Theory of Development

  • By
  • Charles Kenny,
  • New America Foundation
May 29, 2012 |

It’s a question richer people have about their poorer neighbors: Why are they poor? Is it circumstances, or is it some kind of moral or intellectual failing? Is it that they never had a chance to cross from the wrong side to the right side of the tracks, or that they never had the motivation to cross? The subject colors thinking about international development as well. Is poverty in Africa and Asia the result of something about individual Kenyans or Pakistanis, or is it instead something about Kenya or Pakistan? Is it about the people, or the place?

Why Eduardo Saverin Has Company in Singapore

  • By
  • Parag Khanna,
  • New America Foundation
  • and Ayesha Khanna
May 24, 2012 |

It’s a cliché that the Pacific Ocean is displacing the Atlantic, that China will replace America at the top of the world’s hierarchy of power, and the East will surpass the West. The cliché is also wrong. The multipolar world we are entering will have no single winner, and the three-pillared West of the European Union, North America, and Latin America remains a triangular zone of peace and foundation of global stability.

It's Time to Tax Happiness

  • By
  • Charles Kenny,
  • New America Foundation
May 21, 2012 |

As the presidential campaign kicks off, both Mitt Romney and Barack Obama are looking for popular ways to reduce a still-ballooning deficit. However sensible, proposing deep cuts in Medicare or defense spending has little political appeal. Raising the income tax rate—at least on anyone earning less than a million a year—appears equally unpalatable. There is, however, at least one revenue-generating tool that’s simple, fair, and very efficient, at least in theory: a tax on happiness.

Romney-Santorum Debt-Control Plans Trail Obama: BGOV Barometer | BusinessWeek

April 3, 2012

“We need a plan that puts the deficit on a downward path,” said Marc Goldwein, senior policy director with the CRFB. “This needs to be the No. 1 issue in the presidential campaign, and the No. 1 issue that Americans are thinking about, at least domestically,” said Goldwein, a registered independent who worked on the nonpartisan staff of the budget supercommittee created as part of the debt-ceiling extension signed in August by Obama.

In Afghanistan, the U.S. Mission Is Accomplished

  • By
  • Romesh Ratnesar,
  • New America Foundation
March 14, 2012 |

The massacre of 16 Afghan civilians by a lone U.S. service member last weekend has intensified debate as to whether the U.S. should speed the end of the war in Afghanistan. According to the New York Times, the Obama administration is considering whether to announce a redeployment of 20,000 troops by the middle of 2013, on top of the 22,000 scheduled to leave by this September. (There are 90,000 U.S. troops currently in Afghanistan.) The Times reports that Vice President Joe Biden has voiced support for a faster pullout. And he’s got company.

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Book Review: 'Power, Inc.' by David Rothkopf

  • By
  • Romesh Ratnesar,
  • New America Foundation
March 1, 2012 |

In the beginning, there was the goat. Sometime during the Dark Ages, in a corner of present-day Sweden, a goat named Kare broke free from his herd and went frolicking in the woods near the town of Falun. When Kare returned home, his owner noticed the goat’s horns had turned red: the color of copper. The discovery of that valuable and versatile metal at the place Swedes call Great Copper Mountain would kick-start economic development in Northern Europe, sustain the ambitions of Sweden’s monarchs, and, for a time, turn a cold, remote kingdom into one of the world’s great powers.

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