Why America’s CEOs have turned against shareholders

The Business Roundtable, an association of the most powerful chief executive officers in the United States, announced this month that the era of shareholder...

Risky Retirement Business

The challenges posed by an aging population are manifold, and they are neither new nor unique. The populations of Italy and Japan have been...

Global Consequences of a Sino-American Cold War

A few years ago, as part of a Western delegation to China, I met President Xi Jinping in Beijing’s Great Hall of the People....

Is Stakeholder Capitalism Really Back?

For four decades, the prevailing doctrine in the United States has been that corporations should maximize shareholder value — meaning profits and share prices...

Beyond the Traditional Family

Last month, Pope Francis traveled to Abu Dhabi, where he met Ahmed el-Tayeb, the Grand Imam of Al-Azhar (Al-Azhar University is the leading Sunni...

Paying for the Welfare State Without Raising Taxes

The current value of the US government’s unfunded pension and Medicare liabilities is $46.7 trillion, or roughly two and a half times US GDP....

Fighting Climate Change Means Fighting Organized Crime

As the world’s largest terrestrial carbon sink, the Amazon is a key front in the fight against climate change. But it is also host...

The Great Crypto Heist

There is a good reason why every civilized country in the world tightly regulates its financial system. The 2008 global financial crisis, after all,...

Democracy versus Disinformation

These are difficult days for liberal democracy. But of all the threats that have arisen in recent years — populism, nationalism, illiberalism — one...

Growing Risk of a 2020 Recession and Crisis

Last summer, my colleague Brunello Rosa and I identified ten potential downside risks that could trigger a US and global recession in 2020. Nine...

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