A two-year extension of the expiring Bush-era tax cuts may be the best way to break a stalemate for Congress and the president hoping to negotiate a deal by year- end, according to David Malpass , founder of Encima Global.
David Malpass, president and founder of Encima Global, says the U.S. government should reduce federal spending and delay a tax increase for three months in order to stimulate the economy. Malpass talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."
June 28 (Bloomberg) -- David Malpass, president and founder of Encima Global, talks about Europe's debt crisis. He speaks with Tom Keene, Sara Eisen and Ken Prewitt on Bloomberg Television's "Surveillance." Stephen Roach, a professor at Yale University and former non-executive chairman for Morgan Stanley Asia, also speaks. (Source: Bloomberg)
In 1961, Martin Feldstein faced a choice: Become a doctor -- or an economist. He had finished his bachelor’s degree in economics from Harvard College and been accepted to Harvard Medical School. He went with economics, enticed by a Fulbright scholarship to study at Oxford University in England. Once there, he found a way to combine his two areas of interest, Bloomberg Markets magazine reports in its October special issue on the 50 Most Influential people in global finance. The first paper he published was an economic analysis of Britain’s National Health Service.
New York Democrats nominated U.S. Representative Charles Rangel , the subject of a House ethics investigation, for a 21st term while Republicans chose a former U.S. lawmaker and a businessman to run for the state’s two U.S. Senate seats.