“A Dodd-Frank Retreat Deserves a Veto.” Timothy Geithner, Wall Street Journal.
“As the Democratic Chairmen of the Senate Banking Committee and the House Financial Services Committee Chris Dodd and Barney Frank initiated negotiations on the bill, we expected backing from both sides of the aisle. Even after that proved impossible in the House, where reform passed initially without a single Republican vote, we remained hopeful that common-sense efforts would garner bipartisan backing. But senior Republican negotiators on the Senate Banking Committee were unable or unwilling to define a core set of reforms they could support.”
“Another Overhyped Challenge to U.S. Power.” Joseph Nye, Wall Street Journal.
"As a challenge to the United States, BRICS is unlikely to become a serious alliance or even a political organization of like-minded states. More aptly, it should be seen as a locus for critics to occasionally tweak the tail feathers of the eagle."
“Europe's Travails and Our Collective Fate.” Joseph Stiglitz, New York Times.
“As in the United States, much of the revenue shortfall arises simply from the weak economy. Putting Greece, Spain and the other countries that are languishing back to work would do more to restore fiscal order than all the speeches and austerity measures combined.”
“A debt plan Republicans can support.” Robert Pozen, Washington Post.
“In short, Congress could include a revenue component of $400 billion in a $2.4 trillion deal on the debt ceiling without violating the Republican commitment not to increase tax rates. Instead, Congress could eliminate special-interest provisions for corporations and restrict overly expansive deductions for individuals.”
“Greece can restructure its debt without default.” Jeffrey Sachs, Financial Times.
“The most likely consequence of a Greek default will be a profound crisis of confidence that could swallow the Greek banks and possibly tear Greece from the euro. If that were to happen, the costs to the entire eurozone would be devastating. The loss of credibility would lead to higher interest rates for a generation. Weaker countries would face repeated speculative attacks. Banking crises could become the norm.”