News & Views
Macron Winning His Gamble?
September 13, 2024
French President Emmanuel Macron appointed Michel Barnier as prime minister on September 6, despite lacking a majority in the National Assembly. Barnier, a veteran center-right leader, is expected to build a coalition with Republicains, Centrists, and Socialists to implement modest reforms. His leadership could also gain leniency from Marine Le Pen's far-right RN, especially on issues like immigration and fiscal restraint. Macron’s decision to call a snap election in June was strategic. With a looming political challenge from extreme parties like RN and La France Insoumise (LFI), the early election helped clarify the political landscape. It led to the formation of the left-leaning coalition Nouveau Front Populaire (NFP), and exposed the Republicains' need to align with Macron's government. Key challenges for Macron and Barnier include addressing France's fiscal deficit, navigating EU relations, and managing domestic unrest, all while contending with external pressures such as the rise of extremism in Germany and potential global shifts like a second Trump presidency.
Postcard from Jackson Hole
July 23, 2024
The Jackson Hole event gathers economists, policymakers, allocators, fund managers, entrepreneurs, business owners, and media. It is a truly unique forum where Wall Street meets Main Street.
France At A Turning Point
June 26, 2024
French president Macron threw down the electoral gauntlet to what looks like a large majority of voters who seem to prefer the extreme right or left to his centrist coalition. He hopes the French will, after “voting with their heart” on the first round on June 30, “vote with their wallet” on the second, decisive, […]
The Global Loss of the U-Shaped Curve of Happiness
June 6, 2024
Happiness used to be U-shaped by age, with middle age the least happy. Not anymore. Young people are now the least happy.
The wage curve after the Great Recession
March 6, 2024
GIC’s College of Central Bankers Fellow David (Danny) Blanchflower, Ph.D., a leading labour economist, a tenured economics professor at Dartmouth College, and a former member of the Bank of England’s interest rate-setting Monetary Policy Committee (MPC), recently published a paper in Economica linked below. https://doi.org/10.1111/ecca.12515 The wage curve after the Great Recession David Blanchflower, Alex Bryson, Jackson […]
Bay of Pigs: A Travelogue by David R. Kotok
February 13, 2024
GIC Board Member David R. Kotok recently completed a 3-part travelogue series as he participated in our Delegation to Cuba. The purpose of the trip with to provide members with insights about the country’s rapidly changing society and a deeper understanding of the island. In Havana, the Delegation met with senior representatives from the Central […]
Charlottesville
August 17, 2017
This commentary was co-authored by Philippa Dunne (The Liscio Report) and David Kotok (Cumberland Advisors). It reflects their personal views. A saga unfolds. First, snippets of online news, followed by TV images and “breaking news” reports. “Another one,” she thinks. “Ugh!” he exclaims, “madness! Why? What is the matter with these people?” Two thousand miles […]
Sorenson Impact Center Selects Columbus Community Center to Participate in National Pay for Success Initiative
May 8, 2017
The Global Interdependence Center’s partner in The Bottom Line of Disabilities series, Columbus Community Center, was awarded a subgrant to participate in a Pay for Success (PFS) feasibility program by the Sorenson Impact Center at the University of Utah’s David Eccles School of Business. GIC congratulates Columbus on this award! Read the full press […]
Of Politics and the Euro
April 29, 2017
GIC board member J. Paul Horne shares his comments on implications of the first round of France’s presidential election on 23 April and the likely, but not certain, outcome of the run-off between Macron and Le Pen on 7 May. The report was published by The European Institute, a Washington-based think tank promoting trans-Atlantic relations that […]
The Mar-a-lago meetings: Trump, China and – yes – Philadelphia
April 7, 2017
GIC board member Terry Cooke, Founder of the China Partnership of Greater Philadelphia, wrote an industry news column for the Philadelphia Business Journal, titled “The Mar-a-lago meetings: Trump, China and – yes – Philadelphia.” As President Donald Trump prepares to meet with President Xi Jinping for the first time this week, the world is watching closely. […]
US-Canada Border. Also Markets.
April 4, 2017
This is a BBC report about US-Canada trade and transit: bbc.com/news/world-us-canada-39449515. Behaviors have consequences, and that is true even among the best of friends. It is safe to assert that the US-Canada nation-state relationship is one of the very strongest the US has. The two countries maintain a 3000-mile border and have been allies […]
Reflecting on South America Trip
March 13, 2017
Standing where I stood to snap the photograph, a casual observer wouldn’t particularly notice the structure or reflect on its history. The tourist’s eye is attracted instead to the jungle’s green canopy, the swirling waters of the river, or monkeys and a toucan. There are no markings now on this vacant building(cumber.com/wp-content/uploads/2017/03/IMG_0487.jpg). It was originally […]