Monthly Archives: January 2010

Obama’s export goals questioned

Although President Obama pledged in his State of the Union address to double U.S. export growth over the next five years to help create jobs, experts are saying that’s virtually impossible.  International Relations Professor Kevin Gallagher, a specialist in globalization and development, says the only time U.S. exports ever doubled was when the Nixon administration […]

BU prof new Bank of England “guru”

The London Times is calling economics Prof. Laurence Kotlikoff a “guru” to the Governor of the Bank of England.  An ex-Reagan economic advisor, Kotlikoff is pushing his concept to turn banks into mutual funds banned from making loans not matched by cash reserves.  Kotlikoff’s new book explaining it all — “Jimmy Steward is Dead: Ending the […]

SEC crimps money-market funds

Seeking to avoid another financial meltdown, the S.E.C. issued new rules requiring money-market funds to hold more liquid assets and pay out less interest.  Law Professor Tamar Frankel, a securities law authority, says the new regs are puzzling in that they’ll only diminish returns on such funds that investors know such are not FDIC insured. “Perhaps the time […]

UBS tax deal in trouble

The Swiss government says it may have to renegotiate that deal with the U.S. Internal Revenue Service to hand over names of thousands of tax cheats in return for ending legal proceedings against the Swiss banking giant UBS.  Law Professor Daniel Berman, a former U.S. Treasury deputy international tax counsel, says the Swiss government has […]

Toyota suspends some U.S. sales

In an unprecedented industry move, Toyota, the world’s most successful automaker, temporarily suspended U.S. sales of eight models until it figures out a brake-pedal problem that sparked a recall.  Former Ford Motors executive Louis Lataif, long-time dean of the School of Management, says it may help domestic manufacturers, but it premature to read too much into […]

Apple’s iPad

Apple finally debuted today its much anticipated iPad tablet computer.  Boston University College of Communication Professor Hyun Lee weighs in: “There has been so much chatter about the iPad and finally it is here.  Jobs delivered what was really expected — a clean form factor, visibly consistent with the rest of the ‘i’ devices.  This […]

Dealing with TBTF institutions

President Obama has proposed taxing banks that have benefited from TARP bailouts and restricting banking trading activities so depositor funds are not put at risk.  In a Boston Globe op-ed, Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says it would be more effective to make too-big-to-fail institutions return […]

Grace Bumbry at BU tonight

The Board of the Friends of the Libraries of Boston University will host an evening with renowned opera singer Grace Bumbry tonight at 5:30 in the Metcalf Ballroom (775 Commonwealth Avenue).  Bumbry gained international recognition when she was cast in the German Bayreuth Festival in 1961, at age 24, and was the festival’s first ever […]

State of the Union address

President Obama has hinted that some of his State of the Union address on Wednesday will propose some economic relief for middle-class families.  But what else?  Political Science Professor Graham Wilson, author of “Only in America? American Politics in Comparative Perspective,” says Obama must define what his overall strategy will be moving forward. “An expert […]

Protect taxpayers from TBTF firms

In the wake of the great financial crisis/bailout of 2009, it’s in the U.S. taxpayers’ interest to again separate the “financial markets industry” from the “financial services industry.”  In a Reuters commentary, former deputy Comptroller of the Currency Robert Bench, now a senior fellow at the BU School of Law’s Morin Center for Banking and […]