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☆ ‘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

☆ Israeli billionaire blasts Harvard leadership and quits board in protest
▼ + stars: | 2023-10-13 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Israeli billionaire Idan Ofer and his wife Batia are quitting a Harvard executive board in protest of how university leaders have responded to Hamas’ terror attacks on Israel. Idan Ofer has amassed a fortune valued at nearly $20 billion, according to Bloomberg’s billionaire index, where the Israeli ranks No. Instead, the resignation was driven by how Harvard leaders responded to the attacks on Israel, the source said. Idan Ofer is a son of shipping billionaire Sammy Ofer, who was once Israel’s richest man and died in 2011, according to Forbes. President of Harvard University Claudine Gay Brian Snyder/ReutersHarvard did not comment on the resignation and criticism from the Ofers.

Persons: Idan Ofer, Batia, “, Israel, ”, David Rubenstein, Sammy Ofer, Harvard University Claudine Gay Brian Snyder, Claudine Gay, ” Gay, Gay, Harvard “, Bill Ackman, That’s Organizations: New, New York CNN, Harvard, CNN, Harvard’s Kennedy School of Government, Kennedy, Forbes, Israel Corp, Kenon Holdings, Harvard University, Reuters Harvard, University, “ Locations: New York, Israel, Harvard’s

☆ Fmr. CEA chairman Jason Furman: Maybe what we're seeing here is labor supply, not labor demand
▼ + stars: | 2023-10-06 | 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 EmailFmr. CEA chairman Jason Furman: Maybe what we're seeing here is labor supply, not labor demandJason Furman, Harvard’s Kennedy School of Government professor and former CEA chairman under President Obama, Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chair, Sair Malik, Nuveen CIO, and CNBC’s Steve Liesman, join 'Squawk Box' to break down the September jobs report.

Persons: Jason Furman, Obama, Tyler Goodspeed, Sair Malik, Steve Liesman Organizations: Harvard’s Kennedy School of Government, Cato

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell swore in three members of the central bank's governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank's first Latina governor. As Fed governors, they will vote at the Fed's eight yearly meetings on interest rate policies as well as on changes to financial regulations. Political Cartoons View All 1157 ImagesJefferson, who first joined the board last year, was sworn in as vice chair and will therefore work closely with Powell on interest rate policy. His term as vice chair will end Sept. 7, 2027, though he can remain on the board as a governor until 2036. She was a Marshall scholar at Oxford University and holds a Ph.D. in economics from the University of California, Berkeley.

Persons: Jerome Powell, Philip Jefferson, Adriana Kugler, Joe Biden, aren't, Kugler, Lael Brainard, Obama, Jefferson, Powell, Biden, Lisa Cook, Cook Organizations: WASHINGTON, —, Latina, Georgetown University, Fed, United States ’, World Bank, Labor, Davidson College, University of Virginia, Michigan State University, Harvard University’s Kennedy School of Government, Oxford University, University of California Locations: Georgetown, United States, North Carolina, Marshall, Berkeley

☆ 5 costly mistakes the Russian military has made since it invaded Ukraine
▼ + stars: | 2023-09-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Coverage of the grueling conflict has, in part, been characterized by a litany of Russian military mistakes that began early and continue to crop up. Advertisement Advertisement Watch: VIDEO: Why Russia's military is failing so far in UkraineHere are 5 military mistakes Russia has made since February 24, 2022. Putin vowed Russian troops would take the Ukrainian capital of Kyiv within a matter of days. AdvertisementAdvertisementA man wearing a Ukrainian flag visits an avenue where destroyed Russian military vehicles have been displayed ahead of Independence Day in Kyiv, Ukraine, Monday, Aug. 21, 2023. There are several examples throughout the war of Russian troops and leaders harming their own side.

Persons: Vladimir Putin's, Putin, Efrem Lukatsky Putin, Michael Kofman, Calder Walton, ANATOLII STEPANOV, Serhii, aren't, Screengrab Organizations: Service, Kyiv, Center for Naval, Harvard University's Kennedy School of Government, Intelligence, Sunday Times, Javelin, Getty, High Mobility Artillery, Kremlin, Security Service, Russian Locations: Russia, Ukraine, Wall, Silicon, Kyiv Russia, Kyiv, Russian, Ukrainian, Bucha, Vuhledar, Oskol, Ukraine's Kharkiv, AFP, Makiivka, Donetsk Oblast, village's, Belgorod, Crimean, Kerch

☆ A Shocking Soccer Kiss Demonstrates the Power of Scandal
▼ + stars: | 2023-08-30 | by ( Amanda Taub | ) www.nytimes.com time to read: +2 min

By generating public outrage, scandals make inaction costly: suddenly, doing nothing risks an even greater backlash. And scandals can alter the other side of the equation, too: the powerful have less ability to retaliate if their erstwhile allies abandon them in order to avoid being tainted by the scandal themselves. The unifying power of scandalTo see how this pattern plays out, it’s helpful to look at the influence of scandal in a very different context. Politicians were reluctant to incur the costs of pursuing reforms that might provoke a backlash from police. And public opinion was often divided: while some demanded greater protections from state violence, others worried that police reforms would empower criminals.

Persons: Rubiales, ” Organizations: Spanish, Harvard’s Kennedy School of Government, Police Locations: Americas, Democracy

☆ Putin's invasion of Ukraine was his 'greatest intelligence fiasco,' spy expert says
▼ + stars: | 2023-08-20 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Russia's invasion of Ukraine was an "intelligence fiasco," an intelligence expert wrote in The Times. He said that Russia's FSB had failed to adequately prepare for the invasion of Ukraine. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyRussian President Vladimir Putin's invasion of Ukraine was his "greatest intelligence fiasco," an intelligence expert has claimed. It likely played a role in the FSB's failure to establish well-placed recruits to act as saboteurs and help Russian forces during the invasion, Walton wrote. "The time after the war, with all the expulsions, was a fateful time for the Russian intelligence system," a European intelligence official told the outlet.

Persons: Calder Walton, Vladimir Putin's, Walton, Putin, Celestino Arce, Der Spiegel, Der, Horst Jehmlich Organizations: The, Harvard University's Kennedy School of Government, Service, Sunday Times, Intelligence, Center for Strategic, International Studies, Guardian, Red Army Locations: Ukraine, The Times, Wall, Silicon, Russian, Ukraine's Kherson, Slovenia, Greece, Brazil, Norway, Netherlands, Dresden, East Germany, Soviet, West Germany

☆ Stability AI is sued by co-founder who says he was duped in to selling stake for $100
▼ + stars: | 2023-07-13 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Hodes, a self-described "world-renowned thought leader" in artificial intelligence, said Stability AI and Mostaque also never revealed their talks with venture capital firms before Mostaque bought his stake in October 2021 and May 2022. Stability AI said in an email: "The suit is without merit and we will aggressively defend our position." He said he had worked "countless hours" since early 2020 at Stability AI, including on an ultimately unsuccessful project to help governments respond faster to the COVID-19 pandemic. Stability AI describes itself as the "world's leading open source generative AI company," whose technology is open to the public, as opposed to at closed source companies. In May, the stock photo provider Getty Images asked a London court to stop Stability AI from selling its image-generation system in Britain, citing alleged copyright violations.

Persons: Cyrus Hodes, Emad Mostaque, Mostaque, Hodes, Harvard University's John F, Jonathan Stempel, Matthew Lewis Organizations: YORK, United Arab, Harvard University's, Kennedy School of Government, Getty, Bloomberg News, Court, Northern District of, Thomson Locations: San Francisco federal, London, Hodes, United Arab Emirates, Britain, U.S, Northern District, Northern District of California, New York

Pan Gongsheng was appointed Saturday as the new Communist Party chief at the People’s Bank of China (PBOC), in a surprise move as Beijing bolsters its drive to arrest the country’s economic slowdown and stem a slide in its currency. Pan currently serves as the deputy governor of the PBOC. “My initial reaction is this suggests Xi [Jinping] is more concerned about China’s economy than before the 20th Party Congress,” Thomas said. Since then, he has spent nearly two decades working at large state-owned banks, including the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC). After returning to China, he was promoted to deputy governor at the PBOC in 2012.

Persons: Yi Gang, Pan Gongsheng, Janet Yellen, Pan, Yi, didn’t, Guo Shuqing, Neil Thomas, wasn’t, ” Thomas, Xi, Mao, Thomas, China’s, Biden, ” Organizations: Beijing CNN, Cambridge University, Harvard University, Communist Party, People’s Bank of China, Securities Times, CNN, Ant, Asia Society, Center for, Communist Party’s, Committee, 20th Party Congress, Wall Street Journal, Treasury Department, Renmin University of China, Industrial, Commercial Bank of China, Agricultural Bank of China, ABC, Harvard University’s Kennedy School of Government, State Administration of Foreign Exchange, Beijing, P Global, PMI Locations: Hong Kong, Beijing, China, Shanghai, Center for China, United States, West

☆ The Fed should hike interest rates by 50 basis points next meeting, says Harvard’s Jason Furman
▼ + stars: | 2023-03-10 | 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 hike interest rates by 50 basis points next meeting, says Harvard’s Jason FurmanJason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins CNBC's 'Squawk Box' to discuss the latest job reports, what we should expect from Fed regarding rake hikes, and more.

President Joe Biden is searching for a replacement for National Economic Council (NEC) Director Brian Deese, who is expected to leave soon. Interviews are still ongoing to replace him, according to the sources who declined to discuss an ongoing personnel process. Biden's team is also starting to craft an economic message for his expected 2024 re-election campaign. But reducing high inflation became the administration's top economic priority last year as rising costs began to anger voters. She previously served as the Treasury's point person on international affairs during the Obama administration.

☆ A recession is far from inevitable, says Harvard's Jason Furman
▼ + stars: | 2023-01-23 | 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 EmailA recession is far from inevitable, says Harvard's Jason FurmanJason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins CNBC's 'Closing Bell' to discuss the factors increasing the chances of a soft landing, monetary policy expectations for next week's meeting, and getting inflation under control giving continued wage growth.

☆ Harvard Reverses Course, Will Offer Position to Critic of Israel
▼ + stars: | 2023-01-20 | by ( Douglas Belkin | ) www.wsj.com time to read: 1 min

Harvard University on Thursday said it would extend a fellowship offer to a prominent human-rights advocate, reversing an initial decision that prompted critics to question whether the school had bowed to political pressure from pro-Israel donors. The issue surfaced this month after the Nation published an article saying that Douglas Elmendorf, dean of Harvard’s John F. Kennedy School of Government, vetoed a one-year fellowship for Kenneth Roth , the recently retired executive director of Human Rights Watch, because of Mr. Roth’s past criticism of Israel.

☆ Top business leaders and policymakers discuss monetary policy at the World Economic Forum
▼ + stars: | 2023-01-20 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 3 a.m. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC's Joumanna Bercetche, top business leaders and policymakers discuss surging inflation at Davos, Switzerland, and whether a radical rethink is needed by central banks. Joining CNBC is Larry Summers, Charles W. Eliot University professor at the Harvard Kennedy School of Government, Thomas Jordan, chairman of the Swiss National Bank, Kjerstin Braathen, CEO of DNB ASA, and Julio Velarde, governor of the Central Bank of Peru. Subscribe to CNBC on YouTube.

☆ IMF's Georgieva and ECB's Lagarde discuss the future of global growth at Davos
▼ + stars: | 2023-01-20 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 5 a.m. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC's Geoff Cutmore, top business leaders and policymakers discuss the future of growth at Davos, Switzerland, and the policies needed to stabilize the global economy. Joining CNBC is Kristalina Georgieva, the managing director of the International Monetary Fund, Christine Lagarde, president of the European Central Bank, Bruno Le Maire, France's finance minister, Larry Summers, Charles W. Eliot University Professor at the Harvard Kennedy School of Government, and Kuroda Haruhiko, governor of the Bank of Japan. Subscribe to CNBC on YouTube.

☆ Four experts break down December's better-than-expected jobs report
▼ + stars: | 2023-01-06 | 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 EmailFour experts break down December's better-than-expected jobs reportTyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chairman, Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, Liz Young, head of investment strategy at SoFi, Nela Richardson, ADP chief economist, and CNBC's Steve Liesman and Rick Santelli join 'Squawk Box' to react to the December jobs report.

☆ Cryptocurrency risks come partly from the trading venues themselves, ex-CFTC chairman says
▼ + stars: | 2022-12-23 | 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 EmailCryptocurrency risks come partly from the trading venues themselves, ex-CFTC chairman saysTimothy Massad, research fellow at the Harvard Kennedy School of Government and former chair of the Commodity Futures Trading Commission, says cryptocurrency exchanges aren't following traditional standards.

☆ Markets need to prepare for an 'incomplete hard landing,' says Harvard's Jason Furman
▼ + stars: | 2022-12-08 | 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 EmailMarkets need to prepare for an 'incomplete hard landing,' says Harvard's Jason FurmanJason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins CNBC's 'Squawk Box' to discuss why he expects the Federal Reserve to raise interest rates by 50 basis points in December.

☆ What to expect from Fed's last meeting of 2022
▼ + stars: | 2022-12-05 | 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 EmailWhat to expect from Fed's last meeting of 2022Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins 'Closing Bell' to discuss expectations for this year's final Fed meeting, findings from the recent jobs report, and core wage growth's translation into realized inflation.

☆ Crypto trading venues don't follow standards in securities and derivatives markets: Research fellow
▼ + stars: | 2022-12-02 | 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 EmailCrypto trading venues don't follow standards in securities and derivatives markets: Research fellowTimothy Massad, research fellow at the Harvard Kennedy School of Government and former chair of the Commodity Futures Trading Commission, discusses the need for better regulation in the cryptocurrency industry.

☆ 2022 Senate election results show Fetterman beating Oz on authenticity
▼ + stars: | 2022-11-11 | by ( Jeff Gerritt | Jeff Gerritt Is The Editorial Page Editor Of The Pittsburgh Post-Gazette | For Which He Has Covered The Pennsylvania Senate Race | ) www.nbcnews.com time to read: +5 min

John Fetterman survived a bruising Senate campaign and overcame a serious stroke to prevail against Republican Mehmet Oz to claim his state’s open Senate seat Tuesday. Yet that stumble didn’t keep Fetterman from succeeding, because he was still better than Oz at selling himself as an authentic leader for Pennsylvanians. Fetterman has moved almost seamlessly from a 13-year run as the small-town mayor of Braddock to the lieutenant governorship in 2019 to the U.S. Senate today. Oz released his records a few days after a Post-Gazette editorial asked both candidates to do so, but Fetterman never did. Fetterman has also vowed to put a high priority on union rights and abortion rights, while Oz took the opposite stands.

☆ Stock futures edge higher Friday following strong jobs report
▼ + stars: | 2022-11-04 | 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 EmailStock futures edge higher Friday following strong jobs reportNela Richardson, ADP chief economist, Liz Young, head of investment strategy at SoFi, Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, Michael Strain, American Enterprise Institute, and CNBC's Steve Liesman and Rick Santelli join 'Squawk Box' to react to October's stronger-than-expected jobs report.

Data from Bloomberg Economics shows that El Salvador tops its ranking of emerging market countries that are vulnerable to a debt default. Another survey by the institute found that 76 out of 100 small and medium-size enterprises in El Salvador do not accept bitcoin payments. But in 2022, recent data shows that only 1.6% of remittances were sent to El Salvador via digital wallets. Meanwhile, its other national currency, bitcoin, is revered for the fact that it, too, is impossible to mint out of thin air. "Bitcoin doesn't solve any of El Salvador's important economic problems," he added.

☆ China's top leaders are set for a reshuffle. Here are the names to watch
▼ + stars: | 2022-10-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

China's top leadership team around President Xi Jinping is set to change this month at a twice-a-decade congress. One of the most closely watched changes in the political reshuffle is the future of Premier Li Keqiang, who turned 67 this year. However, he could remain a standing committee member, JPMorgan analysts said, pointing to a precedent at the 15th party congress. Huang Kunming — Politburo member and head of China's propaganda department, who worked closely with Xi in the provinces of Fujian and Zhejiang, the report said. Yang Jiechi, a 72-year-old Politburo member and director of the party's central committee foreign affairs office, is widely expected to retire.

☆ The Bank of England was put in a terrible position, says Harvard's Jason Furman
▼ + stars: | 2022-09-29 | 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 Bank of England was put in a terrible position, says Harvard's Jason FurmanJason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins CNBC's 'Squawk Box' to react to the Bank of England's move to buy more long-term bonds to stabilize the market for gilts.

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