Egypt proving to be a leader in digitally preserving culture (Investor’s Business Daily): “Since the advent of the Internet, the Egyptian government has been doing an admirable job in preserving the ancient archaeological heritage.” Farouk El-Baz, Director, Center for Remote Sensing

Debt deal still leaves all players bankrupt (Boston Herald): “I think there are a lot of ticked-off people on the Democratic side here, because President Obama, he’s basically giving (the GOP) 80 percent of what they want. I don’t see how he can declare some kind of political victory here.” Tom Whalen, Associate Professor of Social Science, College of General Studies

Angry liberals seek silver lining in debt deal (Washington Post): “The challenge Washington faces is to cut the bloated Pentagon budget without being capricious and arbitrary about it.” Andrew Bacevich, Professor of International Relations, College of Arts & Sciences

Afghanistan is broke, US drowning in debt – so what about a war ceiling? (EconomyWatch): “The total cost of war, the longest in American history and one that was paid for by borrowing rather than by increased taxation, should not be measured solely by the costs of financing the troops and the extensive aid programs administered by the State Department. It should also include long-term costs of the war, primarily veterans’ benefits for returning soldiers, who will require medical and mental health services for many years to come. Long after the last troops depart from the country, that hidden part of the bill will come due.” William Keylor, Professor of International Relations, College of Arts & Sciences

Slot open, Ch. 7 may raise anchor (Boston Globe): “They have been definately tinkering with the formula…It’s not unlike a chef working on a new recipe. Summer is a traditionally slow time for television, ratings overall are down, which is a great time to experiment with different combinations.” Geoff Klapisch, Lecturer, College of Communication

U.S. Steel is latest manufacturer to adopt Chief Risk Officer role (Industry Week): “Let’s say U.S. Steel is going into a market to get ore, maybe a third-world country where labor isn’t good or working conditions are poor. They have to understand whether they’re willing to take that risk of an accident or death and how that can damage their reputation. So this is where a senior-level person comes in.” Mark Williams, Master Lecturer & Executive-in-Residence, School of Management

Will President Obama lose the 2012 election? (PoliticoArena): “If Obama continues to govern like a Republican (as he did with thde debt ceiling debate) he will surely lose – Republicans will go for the real thing…” Kevin Gallagher, Associate Professor of International Relations, College of Arts & Sciences

The ‘Oreo Problem’: When drug marketers know too much about doctors (CommonHealth): ”If it’s Oreos, it’s only a snack and I’m buying them for my family. What we worry about for physicians is that they’re making an important medical decision for somebody else. We’re trusting the physician to make the right decision, without inappropriate influence from drug companies.” Kevin Outterson, Associate Professor of Law, School of Law

Grounding the FAA brings surprising economic ripples (Marketplace): “When you’re outta work, you’re not spending money. And when you’re not spending money, you’re not buying things, and the companies that are producing products, they’ve got to lay people off. It affects the economy thru the ripple process and there’s a giant ripple process with 70,000 people.” Allen Michel, Professor of Finance, School of Management

Contact Kevin at 617-353-9348 or kpg@bu.edu

“The US should raise the debt ceiling and increase government spending toward infrastructure and green technologies in order to expand the economy. Without growth, the US won’t ever be able to generate full employment and pay back its debts.

“Worse still, if the Republicans drag out the process, the results would be disastrous both in the US and across the globe. If the US started missing payments on interest or principal, interest rates would jump for new bonds. For evidence, just look at Greece, Portugal and other heavily indebted nations. A rise in rates would put a halt to the fragile recovery by choking off credit to businesses and households.”

Gallagher wrote on his Facebook page that he “wrote this piece before the debt ceiling debate got as silly as it is now, and I still support what I said.” He told Professor Voices, “As Congress continues to threaten debt default, they should examine the global implications.”

Contact Kevin at 617-353-9348, kpg@bu.edu

“The economists should be listened to: US trade treaties should not be tools for US financial policies that are not only outdated, but actually helped cause the financial crisis in the first place. Allowing flexibility for the use of capital controls to prevent and mitigate crises now has broad support. Our trading partners have been requesting such flexibility for years, granting it would represent one small step toward a more stable financial system.”

Contact Kevin Gallagher, 617-353-9348, kpg@bu.edu