Category: Economics

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President Obama’s deficit reduction plan

President Obama is set to announce his deficit reduction plan which will include $1.5 trillion in new taxes. The plan will also look at the so-called “Buffett Rule,” named after billionaire Warren Buffett, which would set a new tax rate for those making more than $1 million a year. The following Boston University experts are […]

Weekly roundup of quotes by BU experts on the S&P downgrade: August 8 – August 12

Below is a sampling of quotes by BU experts on the Standard & Poor’s downgrade of U.S. debt for the week August 8 – August 12: “You add it up, our bond rating shouldn’t be AA+, it should be CCC at this point. I’m not kidding…It’s a scary mix of ingredients…If the market drops any […]

Fed to keep rates low through mid-2013

The Federal Reserve issued a statement on Tuesday pledging it would hold short-term interest rates near zero through the first half of 2013. Boston University School of Law professor Cornelius Hurley is director of Boston University’s Center for Finance, Law & Policy and a former counsel to the Fed Board of Governors. He offers his […]

S&P downgrades U.S. credit rating

Markets continued to fall sharply today following Standard & Poor’s downgrade of U.S. debt, lowering the credit rating from AAA to AA+. S&P continued their downgrades by lowering ratings for Fannie Mae, Freddie Mac, and several Federal Home Loan Banks. Boston University economics professor Laurence Kotlikoff weighed in with his view of S&P’s move to […]

William Grimes on NECN: Economic impact of Japanese earthquake

William Grimes, chairman of the International Relations Department at Boston University, appeared on NECN’s “This Week in Business” offering his perspective on the economic situation and impact of the Japanese earthquake. “The big parts of the disruption have to do with supply chain issues and electrical power generation, in terms of the country as a […]

World food prices hit record

The United Nations announced today that global food prices hit a record high in February and warned that rising oil prices will make an already unstable global situation much worse.  Boston University professors are available to offer expert analysis and commentary on the impact of this new information. Michael Salinger, School of Management Professor/Everett W. […]

BU researcher’s “Development Corridor” accepted by Egypt’s new government

A visionary plan for a “Desert Development Corridor” in Egypt, researched and created by Boston University geologist Dr. Farouk El-Baz, has been adopted by the country’s new government as its flagship program.  According to El-Baz, the plan – which includes the construction, along 1,200 kilometers, of a new eight-lane superhighway, a railway, a water pipeline, […]

Capital control restrictions

More than 250 economists have signed a letter urging the Obama administration to rethink capital-control restrictions. International relations professor Kevin Gallagher, one of the signers of the letter, writes in a Guardian commentary that “for better or worse, trade policy is back in style.” “The economists should be listened to: US trade treaties should not […]