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.
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.
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.
Greece’s budget was unraveling, Germany and the European Central Bank were at odds over the fix, revelations of secret meetings and cover-ups were sapping confidence in Europe’s crisis management -- and then came the encounter between Dominique Strauss-Kahn and the maid.
Jeffrey Sachs, an economics professor at Columbia University, says President Obama and congressional Republicans "are disconnected from budget reality." Sachs talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."
In driving al-Qaeda and other extremists from Mali’s towns, the French military has restored a semblance of order. But the underlying problems that led to the country’s meltdown persist, leaving its government and its allies in peril.