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☆ Larry Hogan Withdraws From Harvard Fellowships Over 'Antisemitism' on Campus
▼ + stars: | 2023-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Larry Hogan is pulling out of two Harvard University fellowship programs. Hogan said this was in response to "dangerous anti-Semitism" that had "taken root" on its campus. AdvertisementAdvertisementFormer Maryland Governor Larry Hogan is the latest prominent figures to cut ties with Harvard, saying he's withdrawing from the university's fellowship programs over what he claims is "dangerous anti-Semitism" on campus. "I cannot condone the dangerous anti-Semitism that has taken root on your campus, especially by more than 30 Harvard student organizations attempting to justify and celebrate Hamas' terrorism against innocent Israeli and American civilians." Gay, the university's president, has made multiple statements condemning Hamas' violence and has stressed that the student groups don't speak for Harvard or its leadership.

Persons: Larry Hogan, Hogan, —, Claudine Gay, Gay, Hauser, Jacinda Ardern, Israel, Bill Ackman, Idan, Batia Ofer, Les Organizations: Maryland Gov, Harvard University, Service, Harvard, Hamas, University, Harvard's Kennedy School of Politics, Chan, of Public Health, Harvard Kennedy School, Kennedy School, New Zealand, Hauser, Republican, Business, Wexner Foundation, Gay, Palestine Solidarity Committee, PSC Locations: Israel, Maryland

☆ Billionaire donors are loudly boycotting Ivy Leagues. It may not hurt the schools as much as you think.
▼ + stars: | 2023-10-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

But the lost donations might not hurt the schools as much as you might think — at least when taken in isolation. The donors blasting Penn also have given sums that, by any standard, are enormous. Schools could battle a reputational blowUnless the pile-on keeps coming, which it very well might, these schools' bottom lines could be just fine. "As prominent donors withdraw support, other donors may take that as a signal of the loss of institutional focus on education, and these many smaller donors may decide that they too should withdraw support," he added. AdvertisementAdvertisementAt the same time, schools that shift their policies or statements in response to the backlash may be accused of pandering to donors.

Persons: —, Marc Rowan, alums, Huntsman, David Magerman, Clifford Asness, Ronald Lauder, Victoria's, Les Wexner, Michael Hemesath, Penn, Rowan, Lauder, Elizabeth Magill, Hemesath, Max Cavitch Organizations: Harvard, University of Pennsylvania, Service, Ivy League, Penn, Wexner Foundation, Carleton College, Saint John's University, Harvard Kennedy School of Government Locations: Israel, Wharton

☆ ‘Stunned and sickened.’ Wexner Foundation cuts ties with Harvard over ‘tiptoeing’ on Hamas
▼ + stars: | 2023-10-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —A nonprofit founded by former Victoria’s Secret billionaire Leslie Wexner and his wife Abigail is breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ terror attacks against Israel. Citing the “absence of this clear moral standard,” the Wexner Foundation said it has determined the Harvard Kennedy School is no longer a “compatible” partner for its organization. In a statement to CNN, Harvard reiterated comments by university leadership condemning both the attacks against Israel and terrorism. “We are grateful to the Wexner Foundation for its very longstanding support of student scholarships,” a Harvard spokesperson said in the statement. They feel abandoned,” the Wexner Foundation said.

Persons: Leslie Wexner, Abigail, ”, “, Larry Summers, ’, ” Summers, Obama, Clinton, Idan Ofer, Batia, Claudine Gay, ” Gay, Gay, Harvard “, Les Wexner, Wexner, Jeffrey Epstein Organizations: New, New York CNN, Harvard University, Harvard, Forbes, Wexner, Harvard Kennedy School, CNN, Wexner Foundation, University, “, North American Jewish, Kennedy School of Government, Israel Fellows, Body, Limited Brands Locations: New York, Israel, Bath

☆ Billionaire founder of Victoria's Secret pulls funding from Harvard, accusing the school of 'dismal failure' to take a stand for Israel
▼ + stars: | 2023-10-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The Wexner Foundation accused Harvard of a "dismal failure" to condemn the Hamas attacks last week. AdvertisementAdvertisement"In the absence of this clear moral stand, we have determined that the Harvard Kennedy School and The Wexner Foundation are no longer compatible partners. The foundation supports a fellowship for government and public service professionals from Israel who pursue a one-year degree from the Harvard Kennedy School. The Kennedy School did not immediately respond to Insider's request for comment on this story. He launched The Wexner Foundation in 1983 with the goal of "strengthening leadership for the Jewish people," according to the foundation's website.

Persons: Les Wexner, —, Leslie, Abigail Wexner, Rabbi B, Abrahamson, Ra'anan, Jeffrey Epstein, Wexner, Epstein Organizations: Harvard, Wexner Foundation, Israel, Service, Ivy League, Wexner, Harvard Kennedy School, Kennedy School of, Israel Fellows, The Kennedy, Body Locations: Israel, Harvard

☆ A truck drove around Harvard displaying names and photos of students reported to be involved with the letter that blamed Israel for Hamas' attacks
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

More than 30 Harvard student groups signed a letter condemning Israel for the Hamas attacks. On Wednesday, a truck drove through Harvard naming and shaming students it claimed was connected to the letter. AdvertisementAdvertisementOn Sunday, several Harvard student groups released a controversial letter letter blaming Israel for the brutal Hamas attacks over the weekend. The letter at the heart of the controversy was co-signed by more than 30 Harvard student groups. "We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence," the letter read.

Persons: Israel, —, Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing

☆ A truck drove around Harvard displaying names and photos of students it said were involved with the letter blaming Israel for Hamas' attacks
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

More than 30 Harvard student groups signed a letter blaming Israel for the Hamas attacks. A driver rode around Harvard in a truck with names and images of students it linked to the letter. AdvertisementAdvertisementOn Sunday, dozens of Harvard student groups cosigned a letter blaming Israel for the brutal Hamas attacks over the weekend. Images on social media appear to show that the students' names and images appeared alongside the title "Harvard's leading antisemites." The letter at the heart of the controversy was cosigned by more than 30 Harvard student groups.

Persons: Israel, —, Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing

☆ A Harvard professor says a former student is getting doxxed over the letter blaming Israel for Hamas' attacks — even though they graduated in 2021
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

A letter signed by over 30 Harvard student groups blaming Israel for the Hamas attacks has drawn significant backlash. One Harvard professor says a person who said they recently graduated and had no involvement with the letter has been doxxed. AdvertisementAdvertisementA letter signed by Harvard student groups that blamed Israel for the Hamas attacks has drawn significant backlash from figures like billionaire investor Bill Ackman and Senator Ted Cruz. The person wrote they had been doxxed in relation to the letter despite having nothing to do with it. "We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence," wrote the letter, which was signed by over 30 Harvard student groups.

Persons: Israel, —, Bill Ackman, Ted Cruz, Jason Furman, Twitter —, I've, Furman, doxxing, We'll, Harvard Hillel, Ackman Organizations: Harvard, Service, Harvard Kennedy School, Twitter, Palestine Solidarity Committee, Harvard Crimson Locations: Israel, Palestine

Russia has been bolstering its armed forces and ramping up weapons production in the expectation of a long war in Ukraine, where front lines have barely shifted for a year. "There are no plans for an additional mobilisation," Shoigu was shown telling top generals on state television. "The armed forces have the necessary number of military personnel to conduct the special military operation." Putin ordered a "partial mobilisation" of 300,000 reservists in September last year, prompting hundreds of thousands of young men to flee Russia to avoid being sent to fight. While Ukraine was able to win back territory last year from Russia in attacks which humiliated the Russian armed forces, this year has been different.

Persons: Anton Vaganov, Shoigu, Sergei Shoigu, Vladimir Putin, Wagner, Putin, Mark Milley, Milley, Dmitry Peskov, Guy Faulconbridge, Mark Trevelyan, Kevin Liffey, Nick Macfie Organizations: REUTERS, Defence, West, Belfer, Harvard Kennedy School, CNN, Kremlin, Thomson Locations: Russia, Ukraine, Leningrad Region, MOSCOW, Russian, That's, United States

☆ The first thing the Fed needs to do is get inflation under control: Former CEA chair Jason Furman
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe first thing the Fed needs to do is get inflation under control: Former CEA chair Jason FurmanJason Furman, former CEA chairman under President Obama and Harvard Kennedy School economics professor, joins 'Squawk on the Street' to discuss his expectations for the government shutdown, a potential rating downgrade for the United States, and more.

Persons: Furman Jason Furman, Obama Organizations: Harvard Kennedy School Locations: United States

☆ Opinion: Ukraine’s bumpy road ahead just got rockier
▼ + stars: | 2023-09-26 | by ( David A. Andelman | ) edition.cnn.com time to read: +8 min

David A. Andelman David AndelmanThat is the clearest and most present danger to the security of Europe and the entire Western alliance. Fissures are appearing across the hitherto united Western front that can only be sending shivers of joy up Putin’s spine. Putin quite rightly appreciated the stakes — and the opportunity — when he first launched his heartless blockade of Ukraine’s grain, grain that helps feed not only Europe but also vast stretches of Africa now plunged into the threat of devastating hunger. Ukrainian President Volodymyr Zelensky addresses the UN General Assembly last week in New York City. The EU is weighing up a mammoth four-year, 20 billion euro ($21.3 billion) fund to finance weapons purchases for Ukraine.

Persons: David A, David Andelman, Vladimir Putin, shivers, Putin, Hungary —, Volodymyr Zelensky, Bryan R, Smith, hasn’t, ”, Mateusz Morawiecki, Andrzej Duda, Robert Fico, Fico, Olaf Scholz, —, Mitch McConnell, “, ” Robert I, Harvard Kennedy Organizations: CNN, French Legion of, The New York Times, CBS News, America, Republicans, NATO, European Union, UN, Assembly, Getty, Smer Party, ”, World Trade Organization, Ukraine, North, Times, Harvard Kennedy School’s Locations: Ukraine, Europe, Africa, Poland, Slovakia, Bialobrzegi, Warsaw, Hungary, New York City, AFP, New York, Moscow, ” Polish, Banovce nad Bebravou, ” Ukraine, EU, Russia, North Korea, Zelensky, London, America, China, ” China

And Biden isn’t the only candidate trying to line up support among young voters. Former President Donald Trump, the frontrunner for the Republican nomination in his comeback bid for the White House, visited Iowa State University last weekend. “And that’s not happening so far.”Biden won 61% of voters between the ages of 18 and 29 in 2020, according to AP VoteCast, making young voters a critical part of his coalition. The White House has worked with online influencers to reach people who don't rely on traditional media. On Thursday, Harris repeatedly tried to demonstrate that she understood young voters’ concerns.

Persons: Kamala Harris, Jaden Clemons, Layth Carpenter, Harris, ”, Joe Biden, Clemons, Biden, they're, Donald Trump, “, Trump, John Brabender, Isaac Gavin, ” Sen, Mitt Romney, ” Biden, ” Harris, Kevin Munoz, isn’t, John Della Volpe, “ It’s, Della Volpe, Destiny Humphreys, they’re, Carpenter, ___ Price, Ayanna Alexander, Farnoush Amiri Organizations: —, Hampton University, Howard University, White, Republican, Iowa State University, Alpha Gamma Rho, University of Iowa, YouTube, Drake University, Utah Republican, U.S . Capitol, AP, North Carolina, Democratic National Committee, Biden, Democrats, Harvard Kennedy School Institute of Politics, South Carolina State University, U.S, Supreme Locations: HAMPTON, Va, Hampton, Las Vegas, Des Moines, Utah, United States, Greensboro, N.C, —, New York, Beaumont, Des Moines , Iowa, Orangeburg, S.C, Washington

Western officials saw the summit with North Korea as an effort by Putin to secure a potential arms bonanza for his military. North Korea also could increase its ammunition production at Russia’s behest. Yang Uk, a security expert at South Korea’s Asan Institute for Policy Studies, noted that in addition to Soviet-designed armaments, North Korea also could share some of its latest military equipment. “There isn’t really much left in the policy toolbox in terms of addressing the challenges specifically from Russia and North Korea,” Park observed. It’s just basically not implementing sanctions.”A major factor Russia needs to consider while it seeks to expand ties with North Korea is China, Pyongyang's No.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Josef Stalin, Kim Il Sung, ”, John Park, Harvard Kennedy, it’s, James O’Brien, James Nixey, Volodymyr Zelenskyy, “, Yang Uk, ” Yang, Leif, Eric Easley, “ Putin, ” Nixey, Antonio Guterres, “ It’s, It’s, Danica Kirka, Emma Burrows, Kim Tong, hyung, Kim Hyung Organizations: North, Putin, Harvard, U.S . State Department, Chatham House, South Korea’s Asan Institute, Policy Studies, Ewha University, U.S, Observers, Associated Press Locations: Pyongyang, Ukraine, Moscow, Asia, Korean, Korea, Russia, North Korea, ”, “, Eurasia, London, U.S, Central, Eastern Europe, South Korea’s, Soviet, Vostochny, Seoul, China, South Korea, Europe, Washington, russia, ukraine

☆ The SALT deduction is like the trickle-down economics for Democrats, says Harvard's Jason Furman
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe SALT deduction is like the trickle-down economics for Democrats, says Harvard's Jason FurmanErica York, Tax Foundation senior economist, and Jason Furman, Harvard Kennedy School professor and former Chairman of the Council of Economic Advisers under President Obama, join 'Squawk Box' to discuss a new study from the Tax Policy Center, which found that loopholes in the SALT cap are costing the federal government $20 billion a year after generating between 80% to 85% of its intended revenue, and more.

Persons: Harvard's Jason Furman Erica York, Jason Furman, Obama Organizations: Tax Foundation, Harvard Kennedy School, of Economic Advisers, Tax, Center

☆ Why the U.S. has a productivity problem
▼ + stars: | 2023-08-25 | by ( Jeff Huang | In Jefftchuang | ) www.cnbc.com time to read: +1 min

Enter the labor productivity metric. But labor productivity in the U.S. has been falling. Prior to the data from the most recent quarter, the country had seen five consecutive quarters of year-over-year declines in worker productivity. "Sluggish productivity means sluggish growth. Watch the video above to find out more about how labor productivity is measured, how effective a metric it is for economists, the reasons behind the slowdown in productivity and the impact it has on the U.S. economy.

Persons: Jason Furman, Barack Obama, Greg Daco, Furman Organizations: Federal Reserve, Harvard Kennedy School, of Economic Advisers, of Labor Statistics Locations: U.S

☆ Opinion | What Can Replace China as a Global Economic Engine?
▼ + stars: | 2023-08-23 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +4 min

To an extent that few Americans genuinely appreciate, global growth has been powered by the so-called Chinese miracle for almost half a century now. grew by 30 percent and China’s by 263 percent — China accounted for more than 40 percent of all global growth. If you excluded China from the data, global G.D.P. In 1992, China’s G.D.P. Quite likely not somewhere great, even if the world’s great powers manage to avoid direct conflict.

Persons: —, China’s, David Oks, Henry Williams, Ricardo Hausmann, Tim Sahay, Narendra Modi Organizations: World Bank, Harvard Kennedy School Locations: China, Asia, United States, India

Here are some details of the impact:* DEATHThe war has caused death on a level not seen in Europe since World War Two. The war has left nearly 500,000 troops either dead or injured, according to the New York Times. Russian Defence Minister Sergei Shoigu said on Sept. 21 that 5,937 Russian soldiers had been killed since the start of the war. When added to Crimea, which Russia annexed from Ukraine in 2014, Russia now controls about 17.5% of Ukraine, an area of about 41,000 square miles (106,000 square km). Shortly after Russia's invasion of Ukraine, international oil prices spiked to their highest levels since the records of 2008.

Persons: Chasiv Yar, Violeta Santos Moura, Sergei Shoigu, Julie Kozack, William Burns, Putin, Guy Faulconbridge, Philippa Fletcher Organizations: REUTERS, United Nations, Human Rights, New York Times, Russian, Reuters, Belfer, Harvard Kennedy School, International Monetary Fund, CIA, European Union, Kiel Institute, Thomson Locations: Chasiv, Ukraine, Donetsk, Europe, United States, Ukraine's, Russia, Crimea, Russian, UNHCR, UKRAINE Russia, Massachusetts , New Hampshire, Connecticut, wastelands, RUSSIA, Moscow, China, Saudi Arabia, Britain, Germany, Japan

☆ Opinion | When Great Power Conflict and Climate Action Collide
▼ + stars: | 2023-08-22 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

It also processes the bulk of the so-called critical minerals, like lithium, cobalt and graphite, that are essential to building out clean energy technologies. There is no clean energy revolution without China. What would happen if China decided to weaponize its clean energy resources in the same way Russia recently weaponized its oil and gas? Is it possible for the U.S. to end its energy dependency on China by investing in clean energy at home? Bordoff is the founding director of the Center on Global Energy Policy at Columbia University and a former senior director for energy and climate change for the National Security Council under Barack Obama.

Persons: “, Ezra Klein, Jason Bordoff, Meghan O’Sullivan, Barack Obama, O’Sullivan, George W, Bush Organizations: Apple, Spotify, Amazon Music, Google, Center, Global Energy, Columbia University, National Security, Belfer Center for Science, International Affairs, Harvard Kennedy School Locations: China, Russia

☆ The last mile of inflation is going to be the hardest, says former CEA chairman Jason Furman
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe last mile of inflation is going to be the hardest, says former CEA chairman Jason FurmanJason Furman, former CEA chairman under President Obama and Harvard Kennedy School economics professor, joins 'Squawk Box' to discuss the state of inflation, what's behind the decline in inflation over the past year, recession fears, and more.

Persons: Jason Furman Jason Furman, Obama Organizations: Harvard Kennedy School

Elon Musk’s Unmatched Power in the Stars The tech billionaire has become the dominant power in satellite internet technology. Today, more than 4,500 Starlink satellites are in the skies, accounting for more than 50 percent of all active satellites. 53% of active satellites are Starlink.” The Starlink satellites are highlighted and are all operating in low-Earth orbit. How Starlink customers connect to the internet Starlink satellites orbit at much lower altitudes than traditional satellite internet services. “Everywhere on earth will have high bandwidth, low latency internet,” Mr. Musk predicted on the Joe Rogan podcast in 2020.

Persons: Elon Musk’s, Mark, Valeriy Zaluzhnyi, Elon Musk, Zaluzhnyi, General Zaluzhnyi, Musk, Musk’s, ”, Starlink’s, ” Mykhailo Fedorov, Mr, Biden, ” Dmitri Alperovitch, Sir Martin Sweeting, Sweeting, Mike Blake, Patrick Seitzer, Rafael Schmall, Joe Rogan, Jeff Bezos, Starlink, Russia —, Fedorov, —, Clodagh Kilcoyne, Nancy Pelosi, Colin H, Kahl, Lynsey Addario, messaged Mr, Lloyd Austin, Gregory C, Allen, we’ve, Mykhailo Podolyak, Volodymyr Zelensky, Jason Hsu, Hsu, “ Elon, Michael McCaul of, Tsai Ing, Tsai, Audrey Tang, Mariana Suarez, Thierry Breton, SpaceX, Chérif El, Amazon Organizations: Joint Chiefs of Staff, Ukraine’s Armed Forces, SpaceX, Tesla, Twitter, Mr, U.S . Defense Department, NASA, Senior Pentagon, The Defense Department, Starlink, European Union, Silverado, Accelerator, Surrey Satellite Technology, Reuters, Airbus, Earth, Getty, Satellite, University of Michigan, National Science Foundation, Rivals, Amazon, Origin, Viasat, Pentagon, CNN, The New York Times, U.S, Defense Department, Center for Strategic, International Studies, Elon, Harvard Kennedy School, Republican, House Foreign Affairs, OneWeb, Agence France, European, United Nations Locations: Ukraine, United States, Iran, Turkey, Japan, Starlink, Crimea, Russian, Starlinks, Europe, Taiwan, China, Beijing, British, Colorado, Cape Canaveral, Fla, —, California, Florida, Latin America, Africa, Nigeria, Mozambique, Rwanda, Ukrainian, Russia, Kreminna, Aspen, Colo, Kherson's, Kherson, Dnipro, Shanghai, Taipei, Michael McCaul of Texas, del, Uruguay, European Union

☆ The Fed may need to do more to 'really lock in their goal', says former CEA chairman Jason Furman
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed may need to do more to 'really lock in their goal', says former CEA chairman Jason FurmanJason Furman, former CEA chairman under President Obama and Harvard Kennedy School economics professor, joins 'Squawk Box' to discuss the Fed's rate hike campaign, whether a soft landing is more likely with the recent economic data, the impact of ChatGPT on learning, and more.

Persons: Jason Furman Jason Furman, Obama Organizations: Harvard Kennedy School

☆ Thailand's royalists foiled Harvard grad Pita Limjaroenrat's first attempt at becoming prime minister. Here's what happens now
▼ + stars: | 2023-07-14 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Thailand's Pita Limjaroenrat may get another shot at the country's prime minister job next week. But his path to potential power remains unclear, especially if the leader of the country's Move Forward Party does not budge from his election pledge to amend a law that prohibits criticism of the monarchy. Limjaroenrat fell 51 votes short of the majority he needed from the 749 members of Thailand's bicameral National Assembly for the top job in a first parliamentary vote on Thursday. Forty-two-year-old Pita, who attended Harvard Kennedy School, will be able to stand for prime minister if nominated again by his eight-party alliance. Otherwise, Pheu Thai — the second-largest party in the eight-party coalition with Move Forward — may also put forward its own candidate from among the three candidates the party had earlier surfaced.

Persons: Thailand's Pita Limjaroenrat, Limjaroenrat, Grace Lim, Pita, Paetongtarn Shinawatra, Thaksin Shinawatra, Srettha Thavisin, Chaikasem Nitisiri Organizations: National Assembly, Senate, Moody's Investors, Harvard Kennedy School Locations: Southeast Asia's

☆ Traditional allies are not looking to pivot away from the United States, analyst says
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTraditional allies are not looking to pivot away from the United States, analyst saysMohammed Alyahya, senior fellow at the Belfer Center's Middle East Initiative, Harvard Kennedy School, says traditional allies aren't looking to replace the United States as a primary strategic ally.

Persons: Mohammed Alyahya Organizations: Initiative, Harvard Kennedy School Locations: United States

☆ The Fed should raise another 50 basis points this year, says former CEA Chair Jason Furman
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed should raise another 50 basis points this year, says former CEA Chair Jason FurmanJason Furman, former CEA chairman and Harvard Kennedy School professor, joins 'Squawk Box' to discuss the Fed's rate hike campaign, why he believes interest rates should rise another 50 basis points over the course of the year, and more.

Persons: Jason Furman Jason Furman Organizations: Harvard Kennedy School

☆ Jacinda Ardern made a dame in New Zealand
▼ + stars: | 2023-06-05 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

CNN —Former New Zealand leader Jacinda Ardern, who stepped down from her post earlier this year, has been made a dame in one of the country’s highest honors. “Having served as Prime Minister from 2017 to 2023, Dame Jacinda Ardern is recognized for her service to New Zealand during some of the greatest challenges our country has faced in modern times,” Hipkins said in a statement. The move grants Ardern the title of Dame Grand Companion of the New Zealand Order of Merit. In a statement to CNN affiliate Radio New Zealand (RNZ), Ardern said she was “incredibly humbled” by the accolade. Within a year, she had become only the second world leader to give birth in office.

Persons: Jacinda Ardern, Chris Hipkins, Dame Jacinda Ardern, ” Hipkins, Dame, ”, Ardern, “ Organizations: CNN, Former New Zealand, Labour Party, Merit, Radio New Zealand, Kiwis, United Nations General Assembly, Harvard University, Harvard Kennedy School, New Locations: New Zealand, Zealand, Christchurch, Wellington

The deal to suspend the $31.4 trillion debt ceiling until January 2025 holds non-defense discretionary spending largely flat this year, with a 1% increase in fiscal 2024. SOCIAL SECURITY, MEDICARE OFF LIMITSIn their debt limit negotiations, both President Joe Biden and House of Representatives Speaker Kevin McCarthy vowed not to touch the main driver of U.S. debt: rising Social Security pension and Medicare health benefit costs. Debt-ceiling negotiations spared cuts to mandatory spending like Medicare, Medicaid and Social Security even though these programs cost more than discretionary spending. CBO projects the government will spend $6 trillion on mandatory spending programs in the 2033 fiscal year, up from $4.1 trillion this year. But the plan failed when then-president Barack Obama declined to endorse it, setting up Congress for the debt ceiling battle of 2011.

Persons: Joe Biden, Kevin McCarthy, Julia Nikhinson, Dennis Ippolito, you've, Nigel Chalk, Biden, Brian Riedl, Linda Bilmes, Bowles, Barack Obama, Bilmes, David Lawder, Andy Sullivan, Heather Timmons, Nick Zieminski Organizations: White, REUTERS, WASHINGTON, Republicans, Defense, Southern Methodist University, Congressional Budget Office, Security, Social Security, CBO, International Monetary Fund, Reuters, Democratic, Western Hemisphere Department, IMF, Manhattan Institute, Harvard Kennedy School, Commerce Department, Simpson, Thomson Locations: United States, Washington , U.S, U.S, Washington

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