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REUTERS/Thomas Suen/File PhotoJOHANNESBURG, March 28 (Reuters) - China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building "Belt & Road" infrastructure, according to a study published Tuesday. People's Bank of China (PBOC) swap lines accounted for $170 billion of the rescue financing, including in Suriname, Sri Lanka and Egypt. China's rescue lending is "opaque and uncoordinated," said Brad Parks, one of the report's authors, and director of AidData, a research lab at William & Mary College in the United States. China is negotiating debt restructurings with countries including Zambia, Ghana and Sri Lanka and has been criticised for holding up the processes. In response, it has called on the World Bank and International Monetary Fund to also offer debt relief.

☆ 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.

☆ 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.

☆ 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.

☆ Harvard school reverses course, will extend fellowship to human rights advocate
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

The fellowship was subject to approval by Kennedy School Dean Douglas Elmendorf. Kathryn Sikkink, a human rights academic at the Kennedy School, told The Nation magazine earlier this month that Elmendorf told her he rejected the appointment because of what he called HRW's "anti-Israel bias." In an email to the community on Thursday, shared by a Harvard Kennedy School spokesperson, Elmendorf said he believed he had made an error. I hope that our community will be able to benefit from his deep experience in a wide range of human rights issues," Elmendorf said. Elmendorf in the email said his earlier decision not to award the fellowship had not been influenced by donors or "made to limit debate at the Kennedy School about human rights in any country."

☆ Harvard school in row over fellowship for human rights advocate
▼ + stars: | 2023-01-10 | by ( Simon Lewis | ) www.reuters.com time to read: +2 min

Jan 10 (Reuters) - The prestigious Kennedy School at Harvard University is under fire over a decision not to award a fellowship to the former head of Human Rights Watch, which one academic said was due to the campaigner's criticism of Israel's treatment of Palestinians. The school's Carr Center for Human Rights Policy last year approached Kenneth Roth, who served as HRW's executive director from 1993 to 2022, and agreed on the terms of a fellowship, according to both Roth and the Carr Center. The fellowship was subject to approval by Kennedy School Dean Douglas Elmendorf. Kathryn Sikkink, a human rights academic at the Kennedy School, told The Nation magazine that Elmendorf told her he rejected the appointment because of what he called HRW's "anti-Israel bias." Harvard Kennedy School spokesperson James Smith said by email that Elmendorf decided not to appoint Roth "based on an evaluation of the candidate’s potential contributions to the Kennedy School," adding that the school does not discuss such deliberations.

☆ 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.

☆ How Big Law fumbled its own Rooney rule on diversity
▼ + stars: | 2022-12-08 | by ( Elizabeth Olson | ) www.businessinsider.com time to read: +11 min

Several law firms adopted the Mansfield rule in 2017, which aims to increase diversity in leadership. It's effectively the NFL's two-decade-old Rooney rule: a requirement that nonwhite candidates be considered when teams hire for coaching and front-office jobs. Law firms followed professional football in 2017 with its version of the Rooney rule, called the Mansfield rule. At first, the Rooney rule seemed to catch on when teams started to hire more coaches of color and a dozen general managers of color when that position was added to the Rooney rule. "For the Rooney rule to work," he said, "there has to be a true commitment from the owners.

☆ Gen Zers are spending big this holiday season — and it could come back to bite them
▼ + stars: | 2022-12-06 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Gen Z shoppers came out in full force during Black Friday and Cyber Monday this year. BNPL seems like an easy way to pay for purchases, but it's causing some young consumers to rack up debt. Despite predictions of a lackluster holiday shopping season this year, shoppers came out in full force during Black Friday and Cyber Monday. "One standout this Black Friday was the high turnout of Gen Z in stores," Kristen Classi-Zummo, apparel industry analyst with market research firm NPD, told CNN. Frequent BNPL use has led some young shoppers to rack up thousands of dollars in debt and tank their credit scores.

☆ 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.

☆ The electric Hummer isn't as great for the environment as you might think — and it proves not all EVs are created equal
▼ + stars: | 2022-12-02 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

If you think driving a pint-sized Nissan Leaf is as good for the planet as driving a huge electric Hummer, think again. The GMC Hummer EV uses significantly more electricity than other EVs, meaning it produces more pollution upstream. Moreover, the GMC Hummer EV is in many ways a supersized gas guzzler for a new era. EVs can be energy guzzlers tooOn the whole, electric cars use less energy than gas-powered ones. The 4.5-ton elephant in the roomThe Hummer EV is a full 4,000 pounds heavier than a well-optioned, gas-powered Ford F-150.

☆ 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.

☆ More Americans tapping buy now, pay later for holiday gifts shows 'how stressed the economy is,' Harvard researcher says
▼ + stars: | 2022-11-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Americans are increasingly finding alternative ways to satisfy their holiday wish lists as they continue to grapple with high prices and inflation. On Black Friday through Cyber Monday, buy now, pay later payments through companies such as Klarna, Zip, Zilch, Affirm and Afterpay jumped 85% compared with the week before, according to the most recent data from Adobe. Buy now, pay later revenue rose 88% for the same period. Lux called this year's spike in installment buying "horrible, and a real statement on how stressed the economy is, especially for the average American." Heading into November, 60% of Americans reported living paycheck to paycheck.

☆ 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.

☆ Biden's student-loan forgiveness is at risk. It may have helped stop a 'red tsunami' as Gen Z flocked to the polls to save their relief.
▼ + stars: | 2022-11-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Student-loan forgiveness was a major policy that had support from the majority of young voters. While it's difficult to pinpoint what exactly may have caused this shift, opinions of young voters should be taken into consideration. Major issues like reproductive rights, climate change, and student-loan forgiveness likely helped with that turnout. Student-loan forgiveness is currently paused due to a ruling from the 8th Circuit Court of Appeals, in response to a lawsuit filed by six Republican-led states seeking to halt the debt relief. "The youth agenda is taking center stage in the Democratic party"Support for student-loan forgiveness is higher among young voters than the general public.

☆ 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.

Former Defense Secretary Ashton Carter died Monday evening after a "sudden cardiac event," his family said. He served as Defense Secretary in the Obama administration from 2015 to 2017. His sudden loss will be felt by all who knew him.”During his time as defense secretary, Carter was behind the campaign to defeat ISIS in Iraq and Syria. He held multiple positions within the Department of Defense, including Deputy Secretary and Under Secretary Defense for Acquisition Technology and Logistics, in addition to serving as Secretary. President Barack Obama and Vice President Joe Biden applaud Ashton Carter after Obama announced his nomination to be the next defense secretary on Dec. 5, 2014.

☆ 'Feel the feelings': Millennial co-founder of a $2 billion company on dealing with rejection at work
▼ + stars: | 2022-10-14 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

Having experienced the cumbersome nature of running the backend of a business, in 2013, Sigala co-founded HoneyBook, a platform for financial management for small businesses. The company took off, and as of 2021, HoneyBook is valued at more than $2 billion. After five years there, in 2018, Sigala co-founded her second tech venture, Kinside, a child-care marketplace. The company has raised more than $16 million thus far, according to Crunchbase, and she's currently serving as its CEO. For anyone facing rejection in their own career, however it plays out, here's her advice.

Saudi Arabia has suggested the United States asked it to wait a month before cutting oil production, defending a move heavily criticized by the White House as helping Russia's war in Ukraine. Bandar Al-Jaloud / AFP - Getty ImagesAs the de facto head of OPEC+, Saudi Arabia rejected that appeal, with the alliance instead announcing earlier this week it would be cutting global supply by 2 million barrels. John Kirby, National Security Council coordinator for strategic communications, said that Saudi Arabia was trying to "spin and deflect" on the issue. "Other OPEC nations communicated to us privately that they also disagreed with the Saudi decision, but felt coerced to support Saudi’s direction." Like many Western governments, Washington has long sought to balance reliance on Saudi Arabia, the world's second largest oil producer, with holding it to account on human rights.

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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