economic risks
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The impact of religious faith is profound in a world where political, economic, and social spheres are increasingly interconnected. Intentional and sustained reflection on the crucial issues of faith and globalization can lead to the kind of reconciliation and peaceful coexistence that life in the 21st century demands. Yale, in collaboration with the Tony Blair Faith Foundation, launched the Faith and Globalization Initiative in the Fal...more
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Professor Summers, former U. S. Treasury Secretary and former President of Harvard University, in this the first of two lectures in honor of former Yale Professor and Council of Economic Advisors chairman Arthur Okun, offers thoughts on the role of monetary policy in economic fluctuations, past and present. In the "Okun period," ending about when Okun died in 1980, the monetary authorities were very much involved in actually creating econo...more
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Agassi talks about an inspirational encounter with renowned author Jim Collins, who told him about three circles of questions that would help him find happiness. These include: 1) What are you passionate about? 2) What are you best at in the world? and 3) What is the economic driver?
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In the second of his two lectures in honor of Arthur Okun, Professor Summers points out that real interest rates have been very low in the current subprime crisis. This indicates that the shock to the economy was more a financial breakdown shock than a disinflation shock. But financial breakdown shocks are not necessarily very harmful to the economy, so long as financial intermediation capital is not destroyed. In a financial crisis like t...more
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French culture is threatened both by European Unification and the rise of xenophobia within France itself. The defeat of the referendum on the European Constitution testified to the dissatisfaction of many people in rural France with the economic realities of the new international community. Racist policies targeting residents of France's poor suburbs threaten the national ideal of liberty, equality, and fraternity. These problems remain t...more
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Climate change will be a core concern that will influence policy and economic activity for years to come. It raises classic issues of distributional justice, law and science, risk, uncertainty and precaution, federalism, technology policy, and international relations. Students will leave this course with an understanding of the sources and impacts of climate change, the key state, national and international policies, and the role of law.
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John Kennedy said that there is risk and cost to a program of action, but it is far less than the long-range risks and costs that come from comfortable inaction, says Smith. Though it may seem scary to make changes and safe to do nothing, it is not true. A leader's job is to be passionate, figure out what needs to be done, and then be willing to take the necessary risks to make it happen, she notes.
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According to Winblad, M&A is picking up because companies now feel they can take risks in working with younger companies. Major corporations also went through a period of downsizing, but are now adding, she notes.
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Larsen and Breyer provide career advice to students. The most important thing is to be passionate about what you do, they say. They also suggest that the current economic environment is perfect for fresh graduates to take risks and follow their dreams.
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Looking back, it is easy to forget the tremendous risks co-founders Larry Page and Sergey Brin undertook to get to the place they are today. The co-founders once caused the whole Stanford network to go down for a significant amount of time while trying to develop Google. Page remarks that weird things happen when you are trying to touch every computer on the internet.
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Yock mentions a problem - there is a tremendous diseconomy because loss per stent has gone up. There will be serious economic trouble with this new technology, he says.
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Among the thousands of books and periodicals on gardening, none considers gardening as an economic activity - the labour and time it consumes, the trades that provide for it, the output of flowers and vegetables. Gardening has been big business since the 17th century, but how can we measure its growth and economic importance?
