When Jennifer McCrea -- perhaps the best-connected fundraiser in Manhattan -- meets a billionaire to ask for money, she almost never schleps to his office, instead choosing neutral ground at a local coffee shop.
The head of the Cayman Islands financial services industry trade group rejected charges from economist Jeffrey Sachs that the Caribbean nation’s oversight of hedge funds and banks is a “mortal threat” to the global economy.
The next head of the International Monetary Fund must be capable of helping to create a new global framework, for the existing U.S.-led order has had its day, Jeffrey Sachs , who heads the Earth Institute at Columbia University, wrote in the Financial Times.
If Greece were to default and force a debt reorganization, the result might be bank runs, contagion to other countries, triggering of credit default swaps and political strife within Europe, said Jeffrey Sachs, who heads the Earth Institute at Columbia University.
Both the U.S. and European economies are being “whipsawed” by globalization, and the failure of governments to cope with that lies behind the collapse of market confidence in the euro area and America, said Jeffrey Sachs, who heads the Earth Institute at Columbia University.